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REGISTERED NUMBER: 09475741 (England and Wales)















BAGS-O-BRICKS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025






BAGS-O-BRICKS LTD (REGISTERED NUMBER: 09475741)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BAGS-O-BRICKS LTD

COMPANY INFORMATION
for the year ended 31 March 2025







DIRECTOR: J A Hinks





REGISTERED OFFICE: 4 Heaton Park Villas
Huddersfield
West Yorkshire
HD1 4HJ





REGISTERED NUMBER: 09475741 (England and Wales)





ACCOUNTANTS: SMH Sheards
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

BAGS-O-BRICKS LTD (REGISTERED NUMBER: 09475741)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 589 606

CURRENT ASSETS
Stocks 12,836 16,748
Debtors 5 331 395
Cash at bank 990 775
14,157 17,918
CREDITORS
Amounts falling due within one year 6 (8,081 ) (6,013 )
NET CURRENT ASSETS 6,076 11,905
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,665

12,511

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,565 12,411
SHAREHOLDERS' FUNDS 6,665 12,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 10 June 2025 and were signed by:





J A Hinks - Director


BAGS-O-BRICKS LTD (REGISTERED NUMBER: 09475741)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2025


1. STATUTORY INFORMATION

Bags-o-bricks Ltd 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 recognised on the supply of goods to the customer excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

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

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including other creditors and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

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.


BAGS-O-BRICKS LTD (REGISTERED NUMBER: 09475741)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 11,163
Additions 334
Disposals (1,356 )
At 31 March 2025 10,141
DEPRECIATION
At 1 April 2024 10,557
Charge for year 270
Eliminated on disposal (1,275 )
At 31 March 2025 9,552
NET BOOK VALUE
At 31 March 2025 589
At 31 March 2024 606

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 331 395

BAGS-O-BRICKS LTD (REGISTERED NUMBER: 09475741)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 385 725
Other creditors 7,696 5,288
8,081 6,013

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Between one and five years 11,650 19,873

8. RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £5,848 (2024- £4,625) were outstanding at the year end, the amounts are repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is J A Hinks.