BIFF TRADING LIMITED


Directors	Kirwan, Leigh
	Siebert, Olaf


Registered Address	5 Farrington Crescent
	Lincoln
	LN6 0YG


Registered Number	06640026 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
ASSETS
Fixed assets
Tangible assets	3		772		1,434
			772		1,434
Current assets
Debtors	4	9,184		26,547
Cash at bank and in hand		22,790		22,275
		31,974		48,822
			31,974		48,822
			32,746		50,256
CAPITAL, RESERVES AND LIABILITIES
Capital and reserves
Called up share capital			1,002		1,002
Profit and loss account			214		9,425
			1,216		10,427
Liabilities
Creditors amounts falling due within one year	5		18,016		23,661
Creditors amounts falling due after one year	6		13,514		16,168
			32,746		50,256

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 29 December 2025, and are signed on its behalf by:

Kirwan, Leigh
Director
Registered Company No. 06640026

BIFF TRADING LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Plant and machinery	4

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Plant & machinery	Total
	£	£
Cost or valuation
At 01 April 24	16,857	16,857
Disposals	(13,137)	(13,137)
At 31 March 25	3,720	3,720
Depreciation and impairment
At 01 April 24	15,423	15,423
Charge for year	646	646
On disposals	(13,121)	(13,121)
At 31 March 25	2,948	2,948
Net book value
At 31 March 25	772	772
At 31 March 24	1,434	1,434

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	-	20,321
Other debtors	9,184	6,226
Total	9,184	26,547

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	46	46
Bank borrowings and overdrafts	3,106	3,106
Taxation and social security	6,599	20,509
Other creditors	8,265	-
Total	18,016	23,661

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	13,514	16,168
Total	13,514	16,168

7.	Related party transactions
	As at the balance sheet date, included in debtors due within one year is £9,184 (2024: £6,179) due from the directors. The amount was fully repaid within 9 months of the balance sheet date.