B & S Supplies (Lancs) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02001227 (England and Wales)

B & S Supplies (Lancs) Limited

Unaudited Financial Statements for the Year Ended 30 April 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Director:

A R G Stevenson

Secretary:

K Brown

Registered office:

Grahams

14 Bridge Street

Garstang

Preston

Lancashire

PR3 1YB

Registered number:

02001227 (England and Wales)

Accountants:

Leach Briely

Craven House

32 Lee Lane

Horwich

Bolton

Greater Manchester

BL6 7BY

Fixed assets

Intangible assets

4

-

Tangible assets

5

255,086

259,463

255,086

259,463

Current assets

Stocks

53,899

53,161

Debtors

6

1,002

862

Cash at bank and in hand

25,828

37,366

80,729

91,389

Creditors

Amounts falling due within one year

7

92,250

64,902

Net current (liabilities)/assets

(11,521

)

26,487

Total assets less current liabilities

243,565

285,950

Creditors

Amounts falling due after more than
one year

8

(4,662

)

(10,242

)

Provisions for liabilities

9

(2,449

)

(4,469

)

Net assets

236,454

271,239

Capital and reserves

Called up share capital

10

100

Revaluation reserve

11

172,640

Retained earnings

63,714

98,499

Shareholders' funds

236,454

271,239

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 20 November 2025 and were signed by:

A R G Stevenson - Director

1.	Statutory information

B & S Supplies (Lancs) 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.

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 as modified by the revaluation of certain assets.

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 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.

Freehold property

-

2% Straight Line

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks

Stocks are measured at cost.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation

The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting 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.

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 11 (2024 - 11 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 May 2024

and 30 April 2025

18,264

Amortisation

At 1 May 2024

and 30 April 2025

18,264

Net book value

At 30 April 2025

-

At 30 April 2024

-

5.	Tangible fixed assets

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

Cost or valuation

At 1 May 2024

and 30 April 2025

250,000

14,562

16,800

742

282,104

Depreciation

At 1 May 2024

7,400

9,774

4,725

742

22,641

Charge for year

400

958

3,019

-

4,377

At 30 April 2025

7,800

10,732

7,744

742

27,018

Net book value

At 30 April 2025

242,200

3,830

9,056

-

255,086

At 30 April 2024

242,600

4,788

12,075

-

259,463

Included in cost or valuation of land and buildings is freehold land of £ 50,000 (2024 - £ 50,000 ) which is not depreciated.

Cost or valuation at 30 April 2025 is represented by:

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

Valuation in 2018

250,000

-

250,000

Cost

-

14,562

16,800

742

32,104

250,000

14,562

16,800

742

282,104

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

Cost

152,574

Aggregate depreciation

97,084

95,035

Value of land in freehold land and buildings

50,000

Freehold land and buildings were valued on an open market basis on 31 March 2018 by the director .

6.

Debtors: amounts falling due within one year

2025

2024

£

Other debtors

1,002

862

7.

Creditors: amounts falling due within one year

2025

2024

£

Bank loan

11,042

1,950

Hire purchase contracts

2,432

Trade creditors

29,968

20,858

Taxation and social security

14,042

15,711

Other creditors

34,766

23,951

92,250

64,902

8.

Creditors: amounts falling due after more than one year

2025

2024

£

Bank loan

-

3,148

Hire purchase contracts

4,662

7,094

4,662

10,242

9.	Provisions for liabilities

2025

2024

£

Deferred tax

2,449

4,469

Deferred

tax

£

Balance at 1 May 2024

4,469

Credit to Statement of Income and Retained Earnings during year

(2,020

)

Balance at 30 April 2025

2,449

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

1

100

11.

Reserves

Revaluation

reserve

£

At 1 May 2024

and 30 April 2025

172,640