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REGISTERED NUMBER: 03006984 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BAC OFFICE EQUIPMENT LIMITED

BAC OFFICE EQUIPMENT LIMITED (REGISTERED NUMBER: 03006984)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BAC OFFICE EQUIPMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: M J Decieco





REGISTERED OFFICE: Unit 25
Boundary Business Centre
Boundary Way
Woking
Surrey
GU21 5DH





REGISTERED NUMBER: 03006984 (England and Wales)





ACCOUNTANTS: John A Hyde & Co
Lyndale House
24A High Street
Addlestone
Surrey
KT15 1TN

BAC OFFICE EQUIPMENT LIMITED (REGISTERED NUMBER: 03006984)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 31,940 21,057
Investments 5 521,316 454,472
553,256 475,529

CURRENT ASSETS
Stocks 65,225 50,100
Debtors 6 174,016 117,912
Cash at bank 715,057 697,049
954,298 865,061
CREDITORS
Amounts falling due within one year 7 336,371 313,911
NET CURRENT ASSETS 617,927 551,150
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,171,183

1,026,679

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 8 92,621 37,777
Retained earnings 1,068,562 978,902
SHAREHOLDERS' FUNDS 1,171,183 1,026,679

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 21 July 2025 and were signed by:



M J Decieco - Director


BAC OFFICE EQUIPMENT LIMITED (REGISTERED NUMBER: 03006984)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

BAC Office Equipment 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and 20% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

BAC OFFICE EQUIPMENT LIMITED (REGISTERED NUMBER: 03006984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 116,887
Additions 31,631
Disposals (32,675 )
At 31 December 2024 115,843
DEPRECIATION
At 1 January 2024 95,830
Charge for year 10,878
Eliminated on disposal (22,805 )
At 31 December 2024 83,903
NET BOOK VALUE
At 31 December 2024 31,940
At 31 December 2023 21,057

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2024 454,472
Additions 12,000
Revaluations 54,844
At 31 December 2024 521,316
NET BOOK VALUE
At 31 December 2024 521,316
At 31 December 2023 454,472

Cost or valuation at 31 December 2024 is represented by:

Other
investments
£   
Valuation in 2024 521,316

BAC OFFICE EQUIPMENT LIMITED (REGISTERED NUMBER: 03006984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.12.24 31.12.23
£    £   
Cost 428,695 416,695
Aggregate provisions (62,621 ) (37,777 )

Fixed asset investments were valued on an open market basis on 31 December 2024 by Quilter and St James' Trust .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 174,016 117,912

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 15,154 45,772
Hire purchase contracts 9,721 1,398
Trade creditors 154,427 104,214
Taxation and social security 153,944 156,501
Other creditors 3,125 6,026
336,371 313,911

8. RESERVES
Revaluation
reserve
£   
At 1 January 2024 37,777
Revaluation reserve 54,844

At 31 December 2024 92,621