BritishBins Limited 03613534 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is marketing of consumer products Digita Accounts Production Advanced 6.30.9574.0 true true 03613534 2023-10-01 2024-09-30 03613534 2024-09-30 03613534 bus:OrdinaryShareClass1 2024-09-30 03613534 core:CurrentFinancialInstruments 2024-09-30 03613534 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 03613534 core:Non-currentFinancialInstruments 2024-09-30 03613534 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 03613534 core:MotorVehicles 2024-09-30 03613534 bus:SmallEntities 2023-10-01 2024-09-30 03613534 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 03613534 bus:FilletedAccounts 2023-10-01 2024-09-30 03613534 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 03613534 bus:RegisteredOffice 2023-10-01 2024-09-30 03613534 bus:CompanySecretary1 2023-10-01 2024-09-30 03613534 bus:Director1 2023-10-01 2024-09-30 03613534 bus:Director3 2023-10-01 2024-09-30 03613534 bus:Director4 2023-10-01 2024-09-30 03613534 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 03613534 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03613534 core:ForeignCurrencyTranslationReserve 2023-10-01 2024-09-30 03613534 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 03613534 core:MotorVehicles 2023-10-01 2024-09-30 03613534 core:Vehicles 2023-10-01 2024-09-30 03613534 countries:England 2023-10-01 2024-09-30 03613534 2023-09-30 03613534 core:MotorVehicles 2023-09-30 03613534 2022-10-01 2023-09-30 03613534 2023-09-30 03613534 bus:OrdinaryShareClass1 2023-09-30 03613534 core:CurrentFinancialInstruments 2023-09-30 03613534 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 03613534 core:Non-currentFinancialInstruments 2023-09-30 03613534 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 03613534 core:MotorVehicles 2023-09-30 03613534 core:ForeignCurrencyTranslationReserve 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03613534

BritishBins Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

BritishBins Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

BritishBins Limited

Company Information

Directors

Mr Peter Bond

Mr Maxwel Bond

Mr Anju Rao Polisani

Company secretary

Ms Ruth Weigelt

Registered office

4 Sydenham Avenue
London
SE26 6UH

Accountants

Aims Accountants
Chartered Accountants
84Crantock Road
London
London
SE6 2QP

 

BritishBins Limited

(Registration number: 03613534)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

22,153

29,537

Current assets

 

Stocks

5

983,851

864,500

Debtors

6

583,652

554,588

Cash at bank and in hand

 

687,265

451,836

 

2,254,768

1,870,924

Creditors: Amounts falling due within one year

7

(1,035,179)

(759,513)

Net current assets

 

1,219,589

1,111,411

Total assets less current liabilities

 

1,241,742

1,140,948

Creditors: Amounts falling due after more than one year

7

(495,325)

(579,702)

Net assets

 

746,417

561,246

Capital and reserves

 

Called up share capital

8

37,501

37,501

Other reserves

14,305

(5,691)

Retained earnings

694,611

529,436

Shareholders' funds

 

746,417

561,246

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 May 2025 and signed on its behalf by:
 

.........................................
Mr Peter Bond
Director

 

BritishBins Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
4 Sydenham Avenue
London
SE26 6UH

These financial statements were authorised for issue by the Board on 13 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture fixtures and equipment

25% reducing balance basis

Motor Vehicles

25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

BritishBins Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2023 - 9).

 

BritishBins Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

44,457

44,457

At 30 September 2024

44,457

44,457

Depreciation

At 1 October 2023

14,920

14,920

Charge for the year

7,384

7,384

At 30 September 2024

22,304

22,304

Carrying amount

At 30 September 2024

22,153

22,153

At 30 September 2023

29,537

29,537

5

Stocks

2024
£

2023
£

Other inventories

983,851

864,500

6

Debtors

Current

2024
£

2023
£

Trade debtors

583,652

550,933

Other debtors

-

3,655

 

583,652

554,588

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

591,922

540,639

Taxation and social security

80,448

55,257

Other creditors

362,809

163,617

1,035,179

759,513

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

105,328

167,105

Other non-current financial liabilities

 

389,997

412,597

 

495,325

579,702

8

Share capital

Allotted, called up and fully paid shares

 

BritishBins Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

2024

2023

No.

£

No.

£

Ordinary of £1 each

37,501

37,501

37,501

37,501

       

9

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Foreign currency translation
£

Total
£

Foreign currency translation gains/losses

14,305

14,305

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Foreign currency translation
£

Total
£

Foreign currency translation gains/losses

(5,691)

(5,691)

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

104,961

167,105

Other borrowings

367

-

105,328

167,105