Registration number:
BW Supplies Limited
for the Year Ended 30 November 2024
BW Supplies Limited
Contents
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Company Information |
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Directors' Report |
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Accountants' Report |
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Statement of Comprehensive Income |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
BW Supplies Limited
Company Information
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Directors |
Mr J M Weston Mr S R Baker |
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Registered office |
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Accountants |
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BW Supplies Limited
Directors' Report for the Year Ended 30 November 2024
The directors present their report and the financial statements for the year ended 30 November 2024.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is property landlords.
Small companies provision statement
This report has 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.
Approved and authorised by the
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Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
BW Supplies Limited
for the Year Ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of BW Supplies Limited for the year ended 30 November 2024 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of BW Supplies Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of BW Supplies Limited and state those matters that we have agreed to state to the Board of Directors of BW Supplies Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BW Supplies Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that BW Supplies Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of BW Supplies Limited. You consider that BW Supplies Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of BW Supplies Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Chartered Accountants
Whitehills Business Park
Blackpool
Lancashire
FY4 5GU
BW Supplies Limited
Statement of Comprehensive Income for the Year Ended 30 November 2024
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2024 |
2023 |
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Profit for the year |
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Surplus on property, plant and equipment revaluation |
- |
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Total comprehensive income for the year |
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BW Supplies Limited
(Registration number: 09646756)
Balance Sheet as at 30 November 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Investment property |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Revaluation reserve |
428,531 |
428,531 |
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Retained earnings |
147,322 |
123,979 |
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Shareholders' funds |
575,953 |
552,610 |
For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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BW Supplies Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
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General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
England
The principal place of business is:
23A Chess Business Park
Moor Road
Chesham
Buckinghamshire
HP5 1SD
These financial statements were authorised for issue by the
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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.
Revenue recognition
Turnover comprises rent receivable and services recharged for the period in the ordinary course of the company’s activities. Turnover is shown net of value added tax.
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.
Deferred Tax is provided on the timing differences between the accounting and tax treatment of certain assets. Tax is provided at rates applicable at the period end.
BW Supplies Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
Investment property
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Investment properties |
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2024 |
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At 1 December |
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At 30 November |
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There has been no valuation of investment property by an independent valuer.
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Creditors |
Creditors: amounts falling due within one year
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2024 |
2023 |
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Due within one year |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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Reserves |
The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:
BW Supplies Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
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Revaluation reserve |
Total |
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Surplus/deficit on property, plant and equipment revaluation |
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Related party transactions |
Included in creditors due within one year is a loan of £229,000 (2023: £255,000) due to LOL Holdings Ltd which is a company under common control. The loan is interest free and repayable on demand.