| Bittles Limited |
| Registered number: |
05317577 |
| Balance Sheet |
| as at 5 April 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
77,885 |
|
|
104,022 |
|
| Current assets |
| Stocks |
|
|
5,000 |
|
|
7,500 |
| Debtors |
4 |
|
135,541 |
|
|
228,410 |
| Investments held as current assets |
5 |
|
513,495 |
|
|
507,015 |
| Cash at bank and in hand |
|
|
1,501,530 |
|
|
1,261,850 |
|
|
|
2,155,566 |
|
|
2,004,775 |
|
| Creditors: amounts falling due within one year |
6 |
|
(179,246) |
|
|
(170,663) |
|
| Net current assets |
|
|
|
1,976,320 |
|
|
1,834,112 |
|
| Total assets less current liabilities |
|
|
|
2,054,205 |
|
|
1,938,134 |
|
|
| Provisions for liabilities |
|
|
|
(19,471) |
|
|
(26,005) |
|
|
| Net assets |
|
|
|
2,034,734 |
|
|
1,912,129 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
2,034,733 |
|
|
1,912,128 |
|
| Shareholder's funds |
|
|
|
2,034,734 |
|
|
1,912,129 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| A I B Burbridge |
| Director |
| Approved by the board on 23 December 2025 |
|
| Bittles Limited |
| Notes to the Accounts |
| for the year ended 5 April 2025 |
|
|
| 1 |
Summary of significant accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared in accordance with Financial Reporting Standard 102 (FRS 102) and the Companies Act 2006 (as applicable to Companies subject to the small company regime).
The significant accounting policies applied in the preparation of theses financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated. |
|
|
Turnover |
|
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
25 % reducing balance |
|
Motor vehicles |
25 % reducing balance |
|
|
Investments |
|
Listed investments are measured at fair value. Changes in fair value are included in the profit and loss account. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. . Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.Current and deferred tax assets and liabilities are not discounted. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Employee benefits |
|
When employees have rendered service to the company, short term employees benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 6 April 2024 |
69,082 |
|
95,748 |
|
164,830 |
|
Additions |
1,915 |
|
- |
|
1,915 |
|
Disposals |
(4,941) |
|
- |
|
(4,941) |
|
At 5 April 2025 |
66,056 |
|
95,748 |
|
161,804 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 6 April 2024 |
36,520 |
|
24,288 |
|
60,808 |
|
Charge for the year |
7,963 |
|
17,865 |
|
25,828 |
|
On disposals |
(2,717) |
|
- |
|
(2,717) |
|
At 5 April 2025 |
41,766 |
|
42,153 |
|
83,919 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 5 April 2025 |
24,290 |
|
53,595 |
|
77,885 |
|
At 5 April 2024 |
32,562 |
|
71,460 |
|
104,022 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
16,338 |
|
87,600 |
|
Other debtors |
119,203 |
|
140,810 |
|
|
|
|
|
|
135,541 |
|
228,410 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Investments held as current assets |
2025 |
|
2024 |
| £ |
£ |
|
Fair value |
|
Listed investments |
513,495 |
|
507,015 |
|
|
|
|
|
|
|
|
|
|
Increase/(decrease) in fair value included in the profit and loss account for the financial year |
|
Listed investments |
449 |
|
224 |
|
|
|
|
|
|
|
|
|
|
The basis for determining the fair value of the listed investments are from quoted market rates in the active market. |
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
54,481 |
|
18,840 |
|
Taxation and social security costs |
69,250 |
|
132,741 |
|
Other creditors |
55,515 |
|
19,082 |
|
|
|
|
|
|
179,246 |
|
170,663 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Share Capital |
Nominal |
|
2024 |
|
2025 |
|
2024 |
| Value |
Number |
£ |
£ |
|
Allotted, called up and fully paid |
|
Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
A I B Burbridge |
|
Loan repayable on demand. No interest is charged. |
9,677 |
|
39,749 |
|
(19,691) |
|
29,735 |
|
|
|
9,677 |
|
39,749 |
|
(19,691) |
|
29,735 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Related party transactions |
|
|
During the year the director made various loans to the company. The loan is repayable on demand. The balance on the loan at the year end is £nil (2024 - £Nil). Interest of £Nil (2024 - £57) is charged.
Use of home as office of £2,350 (2024-£2,350) has been paid to the director. |
|
|
| 10 |
Other information |
|
|
Bittles Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Newpound |
|
Wisborough Green |
|
Billingshurst |
|
West Sussex |
|
RH14 0AT |