5 24 March 2025 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2024 - FRS102_2024 77,687 7,876 69,811 xbrli:pure xbrli:shares iso4217:GBP 05453833 2023-10-01 2024-09-30 05453833 2024-09-30 05453833 2023-09-30 05453833 2022-10-01 2023-09-30 05453833 2023-09-30 05453833 2022-09-30 05453833 core:PlantMachinery 2023-10-01 2024-09-30 05453833 core:FurnitureFittings 2023-10-01 2024-09-30 05453833 core:MotorVehicles 2023-10-01 2024-09-30 05453833 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 05453833 bus:Director1 2023-10-01 2024-09-30 05453833 core:WithinOneYear 2024-09-30 05453833 core:WithinOneYear 2023-09-30 05453833 core:PlantMachinery 2023-09-30 05453833 core:FurnitureFittings 2023-09-30 05453833 core:MotorVehicles 2023-09-30 05453833 core:PlantMachinery 2024-09-30 05453833 core:FurnitureFittings 2024-09-30 05453833 core:MotorVehicles 2024-09-30 05453833 bus:AllOrdinaryShares 2023-10-01 2024-09-30 05453833 bus:AllOrdinaryShares 2022-10-01 2023-09-30 05453833 core:ShareCapital 2024-09-30 05453833 core:ShareCapital 2023-09-30 05453833 core:RetainedEarningsAccumulatedLosses 2024-09-30 05453833 core:RetainedEarningsAccumulatedLosses 2023-09-30 05453833 core:BetweenOneFiveYears 2024-09-30 05453833 core:BetweenOneFiveYears 2023-09-30 05453833 core:DeferredTaxation 2023-10-01 2024-09-30 05453833 core:AcceleratedTaxDepreciationDeferredTax 2024-09-30 05453833 core:AcceleratedTaxDepreciationDeferredTax 2023-09-30 05453833 core:PlantMachinery 2023-09-30 05453833 core:FurnitureFittings 2023-09-30 05453833 core:MotorVehicles 2023-09-30 05453833 core:DeferredTaxation 2023-09-30 05453833 core:DeferredTaxation 2024-09-30 05453833 bus:SmallEntities 2023-10-01 2024-09-30 05453833 bus:Audited 2023-10-01 2024-09-30 05453833 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05453833 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05453833 bus:FullAccounts 2023-10-01 2024-09-30 05453833 bus:OrdinaryShareClass1 2024-09-30 05453833 bus:OrdinaryShareClass1 2023-09-30 05453833 core:ComputerEquipment 2023-10-01 2024-09-30 05453833 core:ComputerEquipment 2023-09-30 05453833 core:ComputerEquipment 2024-09-30
COMPANY REGISTRATION NUMBER: 05453833
BBP MARKETING LIMITED
FILLETED FINANCIAL STATEMENTS
30 September 2024
BBP MARKETING LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 6
BBP MARKETING LIMITED
BALANCE SHEET
30 September 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
6
383,538
396,977
Current assets
Stocks
7
1,085,392
1,365,705
Debtors
8
591,947
753,019
Cash at bank and in hand
1,383,902
609,783
------------
------------
3,061,241
2,728,507
Creditors: amounts falling due within one year
9
( 1,506,637)
( 1,280,916)
------------
------------
Net current assets
1,554,604
1,447,591
------------
------------
Total assets less current liabilities
1,938,142
1,844,568
Provisions
Taxation including deferred tax
10
( 69,811)
( 77,687)
------------
------------
Net assets
1,868,331
1,766,881
------------
------------
Capital and reserves
Called up share capital
12
1,000
1,000
Profit and loss account
1,867,331
1,765,881
------------
------------
Shareholders funds
1,868,331
1,766,881
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 24 March 2025 , and are signed on behalf of the board by:
C A Gledhill
Director
Company registration number: 05453833
BBP MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lowlands Works, Lowlands Road, Mirfield, WF14 8LY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date .
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery
-
10% straight line
Fixtures & Fittings
-
15% reducing balance
Motor Vehicles
-
25% reducing balance
Computer Equipment
-
20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 5 ).
5. Dividends
2024
2023
£
£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )
58,714
40,000
------------
------------
6. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 October 2023
383,115
495
117,290
6,376
507,276
Additions
45,449
45,449
------------
------------
------------
------------
------------
At 30 September 2024
428,564
495
117,290
6,376
552,725
------------
------------
------------
------------
------------
Depreciation
At 1 October 2023
59,600
405
44,874
5,420
110,299
Charge for the year
39,814
14
18,104
956
58,888
------------
------------
------------
------------
------------
At 30 September 2024
99,414
419
62,978
6,376
169,187
------------
------------
------------
------------
------------
Carrying amount
At 30 September 2024
329,150
76
54,312
383,538
------------
------------
------------
------------
------------
At 30 September 2023
323,515
90
72,416
956
396,977
------------
------------
------------
------------
------------
7. Stocks
2024
2023
£
£
Finished goods
1,085,392
1,365,705
------------
------------
8. Debtors
2024
2023
£
£
Trade debtors
564,368
671,161
Prepayments and accrued income
27,579
17,758
Other debtors
64,100
------------
------------
591,947
753,019
------------
------------
9. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,280,337
1,078,361
Accruals and deferred income
166,250
162,166
Corporation tax
13,046
Social security and other taxes
59,535
27,209
Other creditors
515
134
------------
------------
1,506,637
1,280,916
------------
------------
10. Provisions
Deferred tax (note 11)
£
At 1 October 2023
77,687
Charge against provision
( 7,876)
------------
At 30 September 2024
69,811
------------
11. Deferred tax
The deferred tax included in the balance sheet is as follows:
2024
2023
£
£
Included in provisions (note 10)
69,811
77,687
------------
------------
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Accelerated capital allowances
69,811
77,687
------------
------------
12. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1,000
1,000
1,000
1,000
------------
------------
------------
------------
13. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
6,071
6,071
Later than 1 year and not later than 5 years
3,036
9,107
------------
------------
9,107
15,178
------------
------------
14. Summary audit opinion
The auditor's report dated 24 March 2025 was unqualified .
The senior statutory auditor was David Butterworth , for and on behalf of Wheawill & Sudworth Limited .
15. Related party transactions
During the year, the company incurred purchases totalling £2,490,779 (2023: £3,161,198) and recharged expenses totalling £983,721 (2023: £1,078,287) from The British Bung Manufacturing Company Limited, a company related by common control. At the balance sheet date £983,721 (2023: £1,087,287) was owed to The British Bung Manufacturing Company Limited. The directors believe that the terms of such transactions are not materially different from those that could have been obtained from independent enterprises.
16. Control
The company is controlled by C A Gledhill .