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BANDIT UK LIMITED

Registered Number
05098497
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

BANDIT UK LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

Chrismas, Neil, Mr.
Marchesi, Steve
Vandoninck, Alfons Gerard Regina

Registered Address

1 Park Gardens
Yeovil
BA20 1DW

Registered Number

05098497 (England and Wales)
BANDIT UK LIMITED
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets36,2752,397
Investments449,813-
56,0882,397
Current assets
Stocks60,24455,307
Debtors5122,605123,664
Cash at bank and on hand265,300307,602
448,149486,573
Creditors amounts falling due within one year6(141,226)(168,080)
Net current assets (liabilities)306,923318,493
Total assets less current liabilities363,011320,890
Provisions for liabilities(1,255)(455)
Net assets361,756320,435
Capital and reserves
Called up share capital990990
Other reserves473473
Profit and loss account360,293318,972
Shareholders' funds361,756320,435
The financial statements were approved and authorised for issue by the Board of Directors on 25 April 2025, and are signed on its behalf by:
Chrismas, Neil, Mr.
Director
Registered Company No. 05098497
BANDIT UK LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Fixtures and fittings25-
Office Equipment-3
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 October 2328,26028,260
Additions8,0158,015
At 30 September 2436,27536,275
Depreciation and impairment
At 01 October 2325,86325,863
Charge for year4,1374,137
At 30 September 2430,00030,000
Net book value
At 30 September 246,2756,275
At 30 September 232,3972,397
4.Fixed asset investments

Other investments1

Total

££
Cost or valuation
Additions49,81349,813
At 30 September 2449,81349,813
Net book value
At 30 September 2449,81349,813
At 30 September 23--

Notes

1Other investments other than loans
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables118,905123,664
Prepayments and accrued income3,700-
Total122,605123,664
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables69,25886,592
Taxation and social security61,42760,023
Other creditors4,07515,000
Accrued liabilities and deferred income6,4666,465
Total141,226168,080
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.