REGISTERED NUMBER: 09322889 (England and Wales)

BBS Decorating Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Brookbanks

REGISTERED OFFICE:

12 Bridgford Road

West Bridgford

Nottingham

NG2 6AB

REGISTERED NUMBER:

09322889 (England and Wales)

ACCOUNTANTS:

Brooks Mayfield Limited

Chartered Accountants

12 Bridgford Road

West Bridgford

Nottinghamshire

NG2 6AB

FIXED ASSETS

Tangible assets

5

28,552

11,274

CURRENT ASSETS

Debtors

6

32,256

39,690

Cash at bank and in hand

18,541

10,384

50,797

50,074

CREDITORS

Amounts falling due within one year

7

19,584

22,868

NET CURRENT ASSETS

31,213

27,206

TOTAL ASSETS LESS CURRENT LIABILITIES

59,765

38,480

CREDITORS

Amounts falling due after more than one year

8

12,543

-

NET ASSETS

47,222

38,480

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

47,122

38,380

SHAREHOLDERS' FUNDS

47,222

38,480

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 August 2025 and were signed by:

D Brookbanks - Director

1.	STATUTORY INFORMATION

BBS Decorating 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

15% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

29,396

1,632

31,028

Additions

33,591

-

33,591

Disposals

(29,396

)

-

(29,396

)

At 31 December 2024

33,591

1,632

35,223

DEPRECIATION

At 1 January 2024

18,339

1,415

19,754

Charge for year

5,039

217

5,256

Eliminated on disposal

(18,339

)

-

(18,339

)

At 31 December 2024

5,039

1,632

6,671

NET BOOK VALUE

At 31 December 2024

28,552

-

28,552

At 31 December 2023

11,057

217

11,274

Net book value of items under hire purchase is £28,552 (2023: £11,057)

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

15,595

35,376

Other debtors

16,661

4,314

32,256

39,690

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

3,960

2,190

Trade creditors

5,482

9,189

Taxation and social security

8,052

8,131

Other creditors

2,090

3,358

19,584

22,868

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

12,543

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Hire purchase contracts

16,503

2,190

Hire purchase liabilities are secured over the fixed asset to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year ended 31 December 2024 a loan existed between the company and its director, and as at 31 December 2024 the director owed the company £12,455. This has been repaid after the year end by way of dividend.