IRIS Accounts Production v25.1.4.42 06307861 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh063078612023-06-30063078612024-06-30063078612023-07-012024-06-30063078612022-06-30063078612022-07-012023-06-30063078612023-06-3006307861ns14:PoundSterling2023-07-012024-06-3006307861ns10:Director12023-07-012024-06-3006307861ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3006307861ns10:SmallEntities2023-07-012024-06-3006307861ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3006307861ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3006307861ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3006307861ns10:FullAccounts2023-07-012024-06-300630786112023-07-012024-06-3006307861ns10:OrdinaryShareClass12023-07-012024-06-3006307861ns10:Director22023-07-012024-06-3006307861ns10:RegisteredOffice2023-07-012024-06-3006307861ns5:CurrentFinancialInstruments2024-06-3006307861ns5:CurrentFinancialInstruments2023-06-3006307861ns5:Non-currentFinancialInstruments2024-06-3006307861ns5:Non-currentFinancialInstruments2023-06-3006307861ns5:ShareCapital2024-06-3006307861ns5:ShareCapital2023-06-3006307861ns5:SharePremium2024-06-3006307861ns5:SharePremium2023-06-3006307861ns5:CapitalRedemptionReserve2024-06-3006307861ns5:CapitalRedemptionReserve2023-06-3006307861ns5:FurtherSpecificReserve1ComponentTotalEquity2024-06-3006307861ns5:FurtherSpecificReserve1ComponentTotalEquity2023-06-3006307861ns5:RetainedEarningsAccumulatedLosses2024-06-3006307861ns5:RetainedEarningsAccumulatedLosses2023-06-3006307861ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-07-012024-06-3006307861ns5:LeaseholdImprovements2023-07-012024-06-3006307861ns5:PlantMachinery2023-07-012024-06-3006307861ns5:FurnitureFittings2023-07-012024-06-3006307861ns5:MotorVehicles2023-07-012024-06-3006307861ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-06-3006307861ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-06-3006307861ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-06-3006307861ns5:LeaseholdImprovements2023-06-3006307861ns5:PlantMachinery2023-06-3006307861ns5:FurnitureFittings2023-06-3006307861ns5:MotorVehicles2023-06-3006307861ns5:LeaseholdImprovements2024-06-3006307861ns5:PlantMachinery2024-06-3006307861ns5:FurnitureFittings2024-06-3006307861ns5:MotorVehicles2024-06-3006307861ns5:LeaseholdImprovements2023-06-3006307861ns5:PlantMachinery2023-06-3006307861ns5:FurnitureFittings2023-06-3006307861ns5:MotorVehicles2023-06-3006307861ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3006307861ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3006307861ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-06-3006307861ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-06-3006307861ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-06-3006307861ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-06-3006307861ns5:HirePurchaseContracts2024-06-3006307861ns5:HirePurchaseContracts2023-06-3006307861ns5:DeferredTaxation2023-06-3006307861ns5:DeferredTaxation2023-07-012024-06-3006307861ns5:DeferredTaxation2024-06-3006307861ns10:OrdinaryShareClass12024-06-30
REGISTERED NUMBER: 06307861

















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Bag It Don't Bin It Limited

Bag It Don't Bin It Limited (Registered number: 06307861)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Bag It Don't Bin It Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr M Larsen
Mr D R Singh Gangotra





REGISTERED OFFICE: 167 Rutland Road
Sheffield
South Yorkshire
S3 9PT





REGISTERED NUMBER: 06307861





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

Bag It Don't Bin It Limited (Registered number: 06307861)

Statement of Financial Position
30 June 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 17,175 20,206
Tangible assets 5 910,480 913,293
927,655 933,499

CURRENT ASSETS
Stocks 6 1,537,042 1,661,716
Debtors 7 1,751,058 2,095,429
Cash at bank and in hand 97,018 83,605
3,385,118 3,840,750
CREDITORS
Amounts falling due within one year 8 3,139,081 3,690,109
NET CURRENT ASSETS 246,037 150,641
TOTAL ASSETS LESS CURRENT LIABILITIES 1,173,692 1,084,140

CREDITORS
Amounts falling due after more than one year 9 (548,650 ) (401,978 )

PROVISIONS FOR LIABILITIES 13 (159,750 ) (167,349 )
NET ASSETS 465,292 514,813

Bag It Don't Bin It Limited (Registered number: 06307861)

Statement of Financial Position - continued
30 June 2024

2024 2023
Notes £ £ £ £
CAPITAL AND RESERVES
Called up share capital 14 3,050 3,050
Share premium 29,656 29,656
Capital redemption reserve 394 394
Other reserves 39,343 39,343
Retained earnings 392,849 442,370
SHAREHOLDERS' FUNDS 465,292 514,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 26 August 2025 and were signed on its behalf by:





Mr M Larsen - Director


Bag It Don't Bin It Limited (Registered number: 06307861)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Bag It Don't Bin It Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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

Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at costs and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where is it probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Software 15% reducing balance

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 statement of financial position date.


Bag It Don't Bin It Limited (Registered number: 06307861)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2023 - 51 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£
COST
At 1 July 2023
and 30 June 2024 49,166
AMORTISATION
At 1 July 2023 28,960
Amortisation for year 3,031
At 30 June 2024 31,991
NET BOOK VALUE
At 30 June 2024 17,175
At 30 June 2023 20,206

Bag It Don't Bin It Limited (Registered number: 06307861)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Improvements Plant and and Motor
to property machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1 July 2023 317,363 1,033,188 308,719 15,400 1,674,670
Additions 103,151 46,867 9,985 - 160,003
Disposals (3,565 ) - - - (3,565 )
At 30 June 2024 416,949 1,080,055 318,704 15,400 1,831,108
DEPRECIATION
At 1 July 2023 114,263 498,288 133,426 15,400 761,377
Charge for year 49,318 84,392 25,541 - 159,251
At 30 June 2024 163,581 582,680 158,967 15,400 920,628
NET BOOK VALUE
At 30 June 2024 253,368 497,375 159,737 - 910,480
At 30 June 2023 203,100 534,900 175,293 - 913,293

6. STOCKS
2024 2023
£ £
Stocks 1,537,042 1,661,716

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 225,388 444,233
Amounts owed by group undertakings 1,200,004 1,417,734
Amounts recoverable on contract 39,344 39,344
Other debtors 286,322 194,118
1,751,058 2,095,429

Bag It Don't Bin It Limited (Registered number: 06307861)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 298,138 352,214
Hire purchase contracts (see note 10) 46,789 58,703
Trade creditors 392,372 970,269
Amounts owed to group undertakings 161,688 -
Taxation and social security 403,036 893,194
Other creditors 1,837,058 1,415,729
3,139,081 3,690,109

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 163,550 303,333
Hire purchase contracts (see note 10) 55,095 98,645
Other creditors 330,005 -
548,650 401,978

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£ £
Net obligations repayable:
Within one year 46,789 58,703
Between one and five years 55,095 98,645
101,884 157,348

The finance lease obligations are secured by fixed charges over the assets concerned.

11. SECURED DEBTS

The finance lease obligations are secured by fixed charges over the assets concerned.

12. FINANCIAL INSTRUMENTS

2022 2021
£    £   
Carrying amount of financial assets
Instruments measured at fair value through profit or loss 39,344 39,344

Bag It Don't Bin It Limited (Registered number: 06307861)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

13. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 159,750 167,349

Deferred tax
£
Balance at 1 July 2023 167,349
Provided during year (7,599 )
Balance at 30 June 2024 159,750

14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
3,050 Ordinary £1 3,050 3,050