Company Registration No. 05675525 (England and Wales)
Best For Less Nappies Limited
Filleted accounts
for the year ended 30 April 2024
Best For Less Nappies Limited
Filleted accounts
Contents
Best For Less Nappies Limited
Company Information
for the year ended 30 April 2024
Company Number
05675525 (England and Wales)
Registered Office
Hawthorne House
17a Hawthorne Drive
Leicester
LE5 6DL
England
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
Best For Less Nappies Limited
Statement of financial position
as at 30 April 2024
Tangible assets
111,968
149,942
Investment property
550,000
550,000
Debtors
1,350,941
1,382,436
Cash at bank and in hand
30,320
32,140
Creditors: amounts falling due within one year
(97,431)
(51,406)
Net current assets
1,283,830
1,363,170
Total assets less current liabilities
1,945,798
2,063,112
Creditors: amounts falling due after more than one year
(715,207)
(715,207)
Provisions for liabilities
Deferred tax
(45,121)
(45,121)
Net assets
1,185,470
1,302,784
Called up share capital
1
1
Fair value reserve
73,708
73,708
Profit and loss account
1,111,761
1,229,075
Shareholders' funds
1,185,470
1,302,784
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 January 2025 and were signed on its behalf by
Zahid Patel
Director
Company Registration No. 05675525
Best For Less Nappies Limited
Notes to the Accounts
for the year ended 30 April 2024
Best For Less Nappies Limited is a private company, limited by shares, registered in England and Wales, registration number 05675525. The registered office is Hawthorne House, 17a Hawthorne Drive, Leicester, LE5 6DL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
33% straight line
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Best For Less Nappies Limited
Notes to the Accounts
for the year ended 30 April 2024
Investments in shares are included at fair value.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
8,822
173,287
3,818
185,927
At 30 April 2024
8,822
173,287
3,818
185,927
At 1 May 2023
8,822
23,996
3,167
35,985
Charge for the year
-
37,323
651
37,974
At 30 April 2024
8,822
61,319
3,818
73,959
At 30 April 2024
-
111,968
-
111,968
At 30 April 2023
-
149,291
651
149,942
Fair value at 1 May 2023
550,000
Amounts falling due within one year
Trade debtors
30,259
55,027
Accrued income and prepayments
3,468
3,468
Amounts falling due after more than one year
Amounts due from group undertakings etc.
1,317,214
1,318,594
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
23,767
24,880
Taxes and social security
-
266
Loans from directors
56,252
15,160
Best For Less Nappies Limited
Notes to the Accounts
for the year ended 30 April 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
26,500
26,500
Other creditors
688,707
688,707
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 2 (2023: 3).