Bedford Bi-Folds Ltd - Accounts to registrar (filleted)

BEDFORD BI-FOLDS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MAY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

9

DIRECTORS:

L D Umney

K Umney

J T Umney

G J Umney

REGISTERED OFFICE:

First Floor, Woburn Court

2 Railton Road

Kempston

Bedford

Bedfordshire

MK42 7PN

REGISTERED NUMBER:

09585698 (England and Wales)

ACCOUNTANTS:

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

FIXED ASSETS

Tangible assets

4

662,860

733,003

CURRENT ASSETS

Stocks

5

241,721

326,598

Debtors

6

228,600

142,167

Cash at bank and in hand

668,562

641,034

1,138,883

1,109,799

CREDITORS

Amounts falling due within one year

7

1,261,093

1,409,555

NET CURRENT LIABILITIES

(122,210

)

(299,756

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

540,650

433,247

CREDITORS

Amounts falling due after more than one
year

8

(153,882

)

(184,466

)

PROVISIONS FOR LIABILITIES

(89,568

)

(95,030

)

NET ASSETS

297,200

153,751

CAPITAL AND RESERVES

Called up share capital

4,001

Retained earnings

293,199

149,750

297,200

153,751

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th August 2026 and were signed on its behalf by:

L D Umney - Director

J T Umney - Director

1.	STATUTORY INFORMATION

Bedford Bi-Folds Ltd 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

- the Company has transferred the significant risks and rewards of ownership to the buyer;

- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

- the amount of turnover can be measured reliably; It is probable that the Company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Turnover includes valuations of work completed by not yet invoiced to commercial customers.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

at varying rates

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 21 (2025 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST

At 1st June 2025

149,467

541,860

152,240

320,807

1,164,374

Additions

-

484

122,449

122,933

Disposals

-

(54,613

)

(54,613

)

At 31st May 2026

149,467

541,860

152,724

388,643

1,232,694

DEPRECIATION

At 1st June 2025

5,028

316,762

31,865

77,716

431,371

Charge for year

14,948

45,021

22,788

63,898

146,655

Eliminated on disposal

-

(8,192

)

(8,192

)

At 31st May 2026

19,976

361,783

54,653

133,422

569,834

NET BOOK VALUE

At 31st May 2026

129,491

180,077

98,071

255,221

662,860

At 31st May 2025

144,439

225,098

120,375

243,091

733,003

The net book value of tangible fixed assets includes £ 346,660 (2025 - £ 357,391 ) in respect of assets held under hire purchase contracts and finance leases.

5.

STOCKS

31/5/26

31/5/25

£

Stock of materials

175,000

200,000

Work-in-progress

66,721

126,598

241,721

326,598

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/26

31/5/25

£

Trade debtors

85,121

45,429

Doubtful debt provision

-

(1,350

)

Rent deposit bond

48,300

Directors' current accounts

-

17,779

Prepayments

95,179

32,009

228,600

142,167

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/26

31/5/25

£

Bank loans and overdrafts

862

10,418

Hire purchase contracts and finance leases (see note 9)

98,973

86,887

Trade creditors

425,547

232,142

Corporation tax

240,835

156,475

Social security and other taxes

8,650

8,022

VAT

153,085

78,085

Other creditors

8,195

9,545

Net wages outstanding

23,467

-

Pensions payable

2,968

-

Directors' current accounts

22,110

16,266

Customer advanced deposits

271,201

804,175

Accrued expenses

5,200

7,540

1,261,093

1,409,555

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/5/26

31/5/25

£

Bank loans

-

868

Hire purchase contracts and finance leases (see note 9)

153,882

183,598

153,882

184,466

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

Finance leases

31/5/26

31/5/25

31/5/26

31/5/25

£

Net obligations repayable:

Within one year

51,148

59,365

47,825

27,522

Between one and five years

34,655

33,821

119,227

149,777

85,803

93,186

167,052

177,299

Non-cancellable

operating leases

31/5/26

31/5/25

£

Within one year

161,000

Between one and five years

644,000

In more than five years

550,083

711,083

1,355,083

1,516,083

10.	SECURED DEBTS

The following secured debts are included within creditors:

31/5/26

31/5/25

£

Hire purchase contracts and finance leases

252,855

270,485

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st May 2026 and 31st May 2025:

31/5/26

31/5/25

£

L D Umney

Balance outstanding at start of year

862

-

Amounts advanced

-

862

Amounts repaid

(862

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

862

J T Umney

Balance outstanding at start of year

16,917

-

Amounts advanced

-

142,397

Amounts repaid

(16,917

)

(125,480

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

16,917

Interest has been charged on the overdrawn loans at 3.75%.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bedford Bi-Folds Ltd for the year ended 31st May 2026 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bedford Bi-Folds Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bedford Bi-Folds Ltd and state those matters that we have agreed to state to the Board of Directors of Bedford Bi-Folds Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bedford Bi-Folds Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bedford Bi-Folds Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bedford Bi-Folds Ltd. You consider that Bedford Bi-Folds Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bedford Bi-Folds Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

13th August 2026