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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
Page
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Best For Less Nappies Limited Company Information for the year ended 30 April 2024
Director
Zahid Patel
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
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Best For Less Nappies Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
111,968 
149,942 
Investment property
550,000 
550,000 
661,968 
699,942 
Current assets
Debtors
1,350,941 
1,382,436 
Cash at bank and in hand
30,320 
32,140 
1,381,261 
1,414,576 
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 
Capital and reserves
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
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Best For Less Nappies Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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
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 taxation
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.
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Best For Less Nappies Limited Notes to the Accounts for the year ended 30 April 2024
Investments
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 
Depreciation
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 
Net book value
At 30 April 2024
- 
111,968 
- 
111,968 
At 30 April 2023
- 
149,291 
651 
149,942 
5
Investment property
2024 
£ 
Fair value at 1 May 2023
550,000 
At 30 April 2024
550,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
30,259 
55,027 
Accrued income and prepayments
3,468 
3,468 
Other debtors
- 
5,347 
33,727 
63,842 
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 
£ 
£ 
VAT
1,953 
6,571 
Trade creditors
23,767 
24,880 
Taxes and social security
- 
266 
Other creditors
10,000 
- 
Loans from directors
56,252 
15,160 
Accruals
5,459 
4,529 
97,431 
51,406 
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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 
715,207 
715,207 
9
Share capital
2024 
2023 
£ 
£ 
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).
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