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REGISTERED NUMBER: 04233599 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

BARGAIN VANS LIMITED

BARGAIN VANS LIMITED (REGISTERED NUMBER: 04233599)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARGAIN VANS LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: A Singh
D Ghaman





REGISTERED OFFICE: 66 Willenhall Road
Wolverhampton
West Midlands
WV1 2HJ





REGISTERED NUMBER: 04233599 (England and Wales)





ACCOUNTANTS: Rice & Co (Brownhills) Limited
Chartered Accountants
90 High Street
Brownhills
Walsall
West Midlands
WS8 6EW

BARGAIN VANS LIMITED (REGISTERED NUMBER: 04233599)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 239,165 254,673

CURRENT ASSETS
Stocks 5 58,304 40,550
Debtors 6 9,090 21,290
Cash at bank 58,637 35,669
126,031 97,509
CREDITORS
Amounts falling due within one year 7 146,924 167,012
NET CURRENT LIABILITIES (20,893 ) (69,503 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

218,272

185,170

CREDITORS
Amounts falling due after more than one
year

8

(8,334

)

(18,334

)

PROVISIONS FOR LIABILITIES (2,933 ) (2,627 )
NET ASSETS 207,005 164,209

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 206,905 164,109
SHAREHOLDERS' FUNDS 207,005 164,209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BARGAIN VANS LIMITED (REGISTERED NUMBER: 04233599)

BALANCE SHEET - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by:





A Singh - Director


BARGAIN VANS LIMITED (REGISTERED NUMBER: 04233599)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Bargain Vans Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 is recognised when goods have been delivered to customers, or services completed, such that risks and rewards of ownership have been transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 25 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

BARGAIN VANS LIMITED (REGISTERED NUMBER: 04233599)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 August 2023
and 31 July 2024 335,287 54,323 5,911 1,312 396,833
DEPRECIATION
At 1 August 2023 94,442 44,994 1,641 1,083 142,160
Charge for year 13,412 1,399 640 57 15,508
At 31 July 2024 107,854 46,393 2,281 1,140 157,668
NET BOOK VALUE
At 31 July 2024 227,433 7,930 3,630 172 239,165
At 31 July 2023 240,845 9,329 4,270 229 254,673

5. STOCKS
2024 2023
£    £   
Stocks 58,304 40,550

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,923 3,719
Other debtors 1,167 17,571
9,090 21,290

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 6,287 9,170
Taxation and social security 17,748 10,649
Other creditors 112,889 137,193
146,924 167,012

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 8,334 18,334