Registered number
05094354
Berkshire Fixings Limited
Unaudited Filleted Accounts
30 April 2025
Berkshire Fixings Limited
Registered number: 05094354
Balance Sheet
as at 30 April 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 14,301 18,823
Current assets
Stocks 149,312 151,924
Debtors 4 84,790 136,354
Cash at bank and in hand 50,270 3,761
284,372 292,039
Creditors: amounts falling due within one year 5 (165,017) (178,289)
Net current assets 119,355 113,750
Total assets less current liabilities 133,656 132,573
Provisions for liabilities (3,575) (4,706)
Net assets 130,081 127,867
Capital and reserves
Called up share capital 100 100
Profit and loss account 129,981 127,767
Shareholders' funds 130,081 127,867
The director is 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 director acknowledges his 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.
D J Eldridge
Director
Approved by the board on 1 August 2025
Berkshire Fixings Limited
Notes to the Accounts
for the year ended 30 April 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 represents the amounts derived from the provision of goods and services in the UK which falls within the company's ordinary activities stated after trade discounts and net of value added tax.
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 at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and equipment 25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and equipment Motor vehicles Total
£ £ £
Cost
At 1 May 2024 41,076 31,603 72,679
Additions 245 - 245
Disposals - - -
At 30 April 2025 41,321 31,603 72,924
Depreciation
At 1 May 2024 37,067 16,789 53,856
Charge for the year 1,064 3,703 4,767
On disposals - - -
At 30 April 2025 38,131 20,492 58,623
Net book value
At 30 April 2025 3,190 11,111 14,301
At 30 April 2024 4,009 14,814 18,823
4 Debtors 2025 2024
£ £
Trade debtors 77,826 128,392
Other debtors 6,964 7,962
84,790 136,354
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 72,585 99,845
Taxation and social security costs 21,146 15,158
Other creditors 71,286 63,286
165,017 178,289
6 Related party transactions
The director has provided an interest free loan to the company. The amount owed to the director at 30th April 2025 is £71,286.
7 Other information
Berkshire Fixings Limited is a private company limited by shares and incorporated in England. Its registered office is:
24 Leicester
Crown Wood
Bracknell
Berkshire
RG12 0TS
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