Registration number:
Report of the Directors and
for the Year Ended 31 August 2025
for
Banding And Strapping Supplies Limited
Banding And Strapping Supplies Limited
Contents
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Company Information |
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Accountant's Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Banding And Strapping Supplies Limited
Company Information
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Directors |
B Higginson Mrs J Higginson |
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Registered office |
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Accountant |
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Chartered Certified Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Banding And Strapping Supplies Limited
for the Year Ended 31 August 2025
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Banding And Strapping Supplies Limited for the year ended 31 August 2025 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.
This report is made solely to the Board of Directors of Banding And Strapping Supplies Limited, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the accounts of Banding And Strapping Supplies Limited and state those matters that I have agreed to state to the Board of Directors of Banding And Strapping Supplies Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Banding And Strapping Supplies Limited and its Board of Directors as a body for my work or for this report.
It is your duty to ensure that Banding And Strapping Supplies Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Banding And Strapping Supplies Limited. You consider that Banding And Strapping Supplies Limited is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the accounts of Banding And Strapping Supplies Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory accounts.
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Chartered Certified Accountants
82 Stourbridge Road
Halesowen
West Midlands
B63 3UP
Banding And Strapping Supplies Limited
(Registration number: 02115624)
Balance Sheet as at 31 August 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
2 |
2 |
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Revaluation reserve |
124,964 |
124,964 |
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Retained earnings |
2,801,867 |
2,701,220 |
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Shareholders' funds |
2,926,833 |
2,826,186 |
For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Banding And Strapping Supplies Limited
(Registration number: 02115624)
Balance Sheet as at 31 August 2025
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Banding And Strapping Supplies Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentation currency is £ sterling rounded to the nearest £.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and rent receivable in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.
Banding And Strapping Supplies Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Plant and machinery |
15% on reducing balance |
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Motor vehicles |
25% on reducing balance |
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Computer equipment |
15% on cost |
Investment property
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Trade debtors
Trade debtors are amounts due from customers for invoices raised but not yet paid.
Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Trade creditors are recognised at the transaction price.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.
Banding And Strapping Supplies Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Banding And Strapping Supplies Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025
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Tangible assets |
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Plant & machinery and computer equipment |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 September 2024 |
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Additions |
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- |
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Disposals |
( |
- |
( |
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At 31 August 2025 |
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Depreciation |
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At 1 September 2024 |
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Charge for the year |
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Eliminated on disposal |
( |
- |
( |
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At 31 August 2025 |
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Carrying amount |
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At 31 August 2025 |
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At 31 August 2024 |
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Investment properties |
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2025 |
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At 1 September |
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At 31 August |
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Fair value of investment property at 31 August 2025 is represented by an open market valuation on 31 August 2014 by the directors.
If investment properties had not been revalued they would have been included at a historical cost of £2,000,574 (2024 - £2,000,574).
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Debtors |
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2025 |
2024 |
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Trade debtors |
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Prepayments |
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Banding And Strapping Supplies Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025
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Creditors |
Creditors: amounts falling due within one year
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2025 |
2024 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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During 2004 part of the company premises now owned by the company, (previously rented from the pension scheme) suffered a severe fire. The company is responsible for reconstructing the property via its insurance policy. An amount of £135,000 has been received from the insurers but at the balance sheet date no work has yet been commenced. This amount has therefore been included in other creditors until the matter is dealt with.
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Share capital |
Allotted, called up and fully paid shares
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2025 |
2024 |
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No. |
£ |
No. |
£ |
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2 |
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2 |
Banding And Strapping Supplies Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025
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Dividends |
Interim dividends paid
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2025 |
2024 |
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Interim dividend of £ |
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