Company Registration No. 10231031 (England and Wales)
BB Production Services LTD
Unaudited accounts
for the year ended 30 June 2022
BB Production Services LTD
Unaudited accounts
Contents
BB Production Services LTD
Company Information
for the year ended 30 June 2022
Company Number
10231031 (England and Wales)
Registered Office
22 Woodmancourt
Godalming
Surrey
GU7 2BT
Accountants
Switchfoot Accounting Limited
147 Frimley Road
Camberley
GU15 2PS
BB Production Services LTD
Statement of financial position
as at
30 June 2022
Tangible assets
14,848
22,616
Cash at bank and in hand
53,448
41,731
Creditors: amounts falling due within one year
(34,365)
(39,023)
Net current assets
72,673
57,290
Total assets less current liabilities
87,521
79,906
Provisions for liabilities
Deferred tax
(2,821)
(4,298)
Called up share capital
1
1
Profit and loss account
84,699
75,607
Shareholders' funds
84,700
75,608
For the year ending 30 June 2022 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 12 January 2023 and were signed on its behalf by
G Burchell
Director
Company Registration No. 10231031
BB Production Services LTD
Notes to the Accounts
for the year ended 30 June 2022
BB Production Services LTD is a private company, limited by shares, registered in England and Wales, registration number 10231031. The registered office is 22 Woodmancourt, Godalming, Surrey, GU7 2BT.
2
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.
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 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:
Plant & machinery
5 years on a straight line basis
Motor vehicles
5 years on a straight line basis
Fixtures & fittings
5 years on a straight line basis
Computer equipment
3 years on a straight line basis
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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
BB Production Services LTD
Notes to the Accounts
for the year ended 30 June 2022
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.
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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2021
45,306
13,104
58,410
Additions
3,477
3,747
7,224
At 30 June 2022
48,783
16,851
65,634
At 1 July 2021
26,773
9,021
35,794
Charge for the year
12,153
2,839
14,992
At 30 June 2022
38,926
11,860
50,786
At 30 June 2022
9,857
4,991
14,848
At 30 June 2021
18,533
4,083
22,616
Amounts falling due within one year
Trade debtors
48,883
47,478
Accrued income and prepayments
-
2,169
Other debtors
1,950
1,950
BB Production Services LTD
Notes to the Accounts
for the year ended 30 June 2022
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
2,231
10,421
Taxes and social security
31,941
22,098
Loans from directors
193
6,504
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Average number of employees
During the year the average number of employees was 1 (2021: 1).