Registered number
06687355
Books Etc Limited
Filleted Accounts
31 March 2025
Books Etc Limited
Registered number: 06687355
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Current assets
Stocks 397,125 398,711
Debtors 4 1,123,754 905,460
Cash at bank and in hand 159,412 71,057
1,680,291 1,375,228
Creditors: amounts falling due within one year 5 (1,534,278) (1,319,431)
Net current assets 146,013 55,797
Total assets less current liabilities 146,013 55,797
Creditors: amounts falling due after more than one year 6 - (28,329)
Net assets 146,013 27,468
Capital and reserves
Called up share capital 126 126
Other reserve 7 12,899 12,899
Profit and loss account 132,988 14,443
Shareholders' funds 146,013 27,468
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Webber
Director
Approved by the board on 5 August 2025
Books Etc Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 33% straight line
Fixtures, fittings, tools and equipment 33% straight line
Motor vehicles 25% straight line
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 31 28
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 5,189 14,765 19,954
At 31 March 2025 5,189 14,765 19,954
Depreciation
At 1 April 2024 5,189 14,765 19,954
At 31 March 2025 5,189 14,765 19,954
Net book value
At 31 March 2025 - - -
4 Debtors 2025 2024
£ £
Trade debtors 3,720 2,340
Amounts owed by group undertakings and undertakings in which the company has a participating interest 81,971 81,971
Other debtors 1,038,063 821,149
1,123,754 905,460
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 1,244,444 1,161,684
Other taxes and social security costs 55,681 8,443
Other creditors 234,153 149,304
1,534,278 1,319,431
6 Creditors: amounts falling due after one year 2025 2024
£ £
Other creditors - 28,329
7 Other reserve 2025 2024
£ £
At 1 April 2024 12,899 12,899
At 31 March 2025 12,899 12,899
8 Controlling party
The company is controlled by the directors Mr M Webber and Mrs K Webber.
9 Other information
Books Etc Limited is a private company limited by shares and incorporated in England. Its registered office is:
Gresham Industrial Estate
Eastern Road
Aldershot
Hampshire
GU12 4YD
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