Company Registration No. 02405837 (England and Wales)
Bishops Services Limited
Unaudited accounts
for the year ended 29 March 2025
Bishops Services Limited
Unaudited accounts
Contents
Bishops Services Limited
Company Information
for the year ended 29 March 2025
Company Number
02405837 (England and Wales)
Registered Office
380A New Hythe Lane
Larkfield
Maidstone
Kent
ME20 6RZ
United Kingdom
Accountants
Rustrick Accountants Limited
380A New Hythe lane
Larkfield
Maidstone
Kent
ME20 6RZ
Bishops Services Limited
Statement of financial position
as at 29 March 2025
Tangible assets
36,584
43,145
Cash at bank and in hand
20,480
15,239
Creditors: amounts falling due within one year
(200,907)
(239,126)
Net current assets
94,598
64,232
Total assets less current liabilities
131,182
107,377
Creditors: amounts falling due after more than one year
(18,376)
(22,300)
Provisions for liabilities
Deferred tax
(2,957)
(2,957)
Called up share capital
1,002
1,002
Profit and loss account
108,847
81,118
Shareholders' funds
109,849
82,120
For the year ending 29 March 2025 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 April 2025 and were signed on its behalf by
D.Agar
Director
Company Registration No. 02405837
Bishops Services Limited
Notes to the Accounts
for the year ended 29 March 2025
Bishops Services Limited is a private company, limited by shares, registered in England and Wales, registration number 02405837. The registered office is 380A New Hythe Lane, Larkfield, Maidstone, Kent, ME20 6RZ, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Bishops Services Limited
Notes to the Accounts
for the year ended 29 March 2025
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 30 March 2024
16,901
45,718
59,363
895
122,877
Additions
4,802
-
-
832
5,634
At 29 March 2025
21,703
45,718
59,363
1,727
128,511
At 30 March 2024
10,465
13,726
54,858
683
79,732
Charge for the year
2,810
7,998
1,126
261
12,195
At 29 March 2025
13,275
21,724
55,984
944
91,927
At 29 March 2025
8,428
23,994
3,379
783
36,584
At 29 March 2024
6,436
31,992
4,505
212
43,145
Amounts falling due within one year
Trade debtors
174,431
185,548
Other debtors
100,594
102,571
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
3,543
11,250
Obligations under finance leases and hire purchase contracts
4,357
7,358
Trade creditors
39,489
30,534
Taxes and social security
46,730
39,490
Other creditors
52,303
54,324
Loans from directors
2,023
-
Bishops Services Limited
Notes to the Accounts
for the year ended 29 March 2025
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Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
7,126
8,484
Allotted, called up and fully paid:
1,002 Ordinary shares of £1 each
1,002
1,002
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Average number of employees
During the year the average number of employees was 73 (2024: 73).