REGISTERED NUMBER: 04544909 (England and Wales)

B & S ENTERPRISES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E W Jones

Mrs S L Jones

Mrs R W Hatley

SECRETARY:

E W Jones

REGISTERED OFFICE:

Broyan House

Priory Street

Cardigan

Ceredigion

SA43 1BZ

REGISTERED NUMBER:

04544909 (England and Wales)

ACCOUNTANTS:

D M B Davies Limited

Broyan House

Priory Street

Cardigan

Ceredigion

SA43 1BZ

FIXED ASSETS

Intangible assets

4

8,000

12,000

Tangible assets

5

153,686

169,293

161,686

181,293

CURRENT ASSETS

Stocks

127,500

125,000

Debtors

6

180,426

114,330

Cash at bank and in hand

73,669

161,302

381,595

400,632

CREDITORS

Amounts falling due within one year

7

292,178

346,081

NET CURRENT ASSETS

89,417

54,551

TOTAL ASSETS LESS CURRENT LIABILITIES

251,103

235,844

PROVISIONS FOR LIABILITIES

52,132

52,132

NET ASSETS

198,971

183,712

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

198,969

183,710

SHAREHOLDERS' FUNDS

198,971

183,712

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 September 2025 and were signed on its behalf by:

E W Jones - Director

1.	STATUTORY INFORMATION

B & S Enterprises Ltd 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 15% 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 33 (2023 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

and 30 September 2024

40,000

AMORTISATION

At 1 October 2023

28,000

Charge for year

4,000

At 30 September 2024

32,000

NET BOOK VALUE

At 30 September 2024

8,000

At 30 September 2023

12,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2023

329,915

33,149

67,315

15,130

445,509

Additions

10,448

-

21,995

2,363

34,806

At 30 September 2024

340,363

33,149

89,310

17,493

480,315

DEPRECIATION

At 1 October 2023

197,189

27,038

41,448

10,541

276,216

Charge for year

35,793

917

11,965

1,738

50,413

At 30 September 2024

232,982

27,955

53,413

12,279

326,629

NET BOOK VALUE

At 30 September 2024

107,381

5,194

35,897

5,214

153,686

At 30 September 2023

132,726

6,111

25,867

4,589

169,293

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

180,426

114,330

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

13,638

17,813

Trade creditors

72,939

54,672

Taxation and social security

35,575

19,772

Other creditors

170,026

253,824

292,178

346,081

8.	RELATED PARTY DISCLOSURES

9.	ULTIMATE CONTROLLING PARTY