REGISTERED NUMBER: 01554709 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Bannerbridge Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

P A Wheeler

D Holyfield

SECRETARY:

S J Short

REGISTERED OFFICE:

24 Hornsby Square,

Basildon

Essex

SS15 6SD

REGISTERED NUMBER:

01554709 (England and Wales)

ACCOUNTANTS:

Anser Solutions!

Chartered Accountants

Suite 1

19 Aviation Way

Southend Airport

Southend on Sea

Essex

SS2 6UN

FIXED ASSETS

Property, plant and equipment

4

23,628

27,828

CURRENT ASSETS

Inventories

264,314

383,736

Debtors

5

221,130

237,308

Cash at bank

12,142

46,972

497,586

668,016

CREDITORS

Amounts falling due within one year

6

290,621

472,803

NET CURRENT ASSETS

206,965

195,213

TOTAL ASSETS LESS CURRENT LIABILITIES

230,593

223,041

CREDITORS

Amounts falling due after more than one year

7

(80,604

)

(86,804

)

PROVISIONS FOR LIABILITIES

(3,789

)

(4,433

)

NET ASSETS

146,200

131,804

CAPITAL AND RESERVES

Called up share capital

81,000

81,000

Capital redemption reserve

20,000

20,000

Retained earnings

45,200

30,804

SHAREHOLDERS' FUNDS

146,200

131,804

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 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 24 September 2025 and were signed on its behalf by:

D Holyfield - Director

1.

GENERAL

INFORMATION

Bannerbridge 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.	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.

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historic experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

a) Critical judgements in applying the entity's accounting policies

No significant judgements have had to be made by management in preparing these financial statements.

b) Critical accounting estimates and assumptions

i) Stock impairment

Stock in impaired on a bi monthly basis. The Company sells computer products and peripherals and is subject to changing consumer demands and technological trends. As a result it is necessary to consider the recoverability of the cost of stock and the associated provisioning required. When calculating the stock provision, management considers the nature and condition of the stock, as well as applying assumptions around anticipated saleability of finished goods and technological obsolescence.

ii) Impairment of debtors

The Company makes an estimate of the recoverable value of trade and other debtors. When assessing the impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, age profile and historical experience.

Revenue

Revenue 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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Inventories 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.

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.

Foreign currencies

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets.

Assets acquired by finance leases are depreciated over the shorter of the lease term and their useful lives.

Assets acquired by hire purchase are depreciated over their useful lives.

Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payments is charged to the Statement of Income and Retained Earnings so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

949,465

DEPRECIATION

At 1 January 2024

921,637

Charge for year

4,200

At 31 December 2024

925,837

NET BOOK VALUE

At 31 December 2024

23,628

At 31 December 2023

27,828

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

205,706

224,168

Amounts owed by group undertakings

3,264

1,000

Other debtors

12,160

12,140

221,130

237,308

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

12,500

16,300

Trade creditors

139,528

240,684

Taxation and social security

23,715

41,050

Other creditors

114,878

174,769

290,621

472,803

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

1,667

7,867

Other creditors

78,937

78,937

80,604

86,804

8.	SECURED DEBTS

Included in other creditors is an amount due to Lloyds Bank Commercial Finance Limited of £95,471 (2023: £145,646. This liability is secured by fixed and floating charges over all the assets of the Company.

9.	ULTIMATE PARENT UNDERTAKING

The Company is a 100% subsidiary of Bannerbridge Holdings Limited, its ultimate parent undertaking whose

registered office address is 24 Hornsby Square, Basildon, Essex, SS15 6SD.