Berghahn Books Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 02843776 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

BERGHAHN BOOKS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms M Berghahn

Ms V K U Berghahn

REGISTERED OFFICE:

3 Newtec Place

Magdalen Road

Oxford

OX4 1RE

REGISTERED NUMBER:

02843776 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

6 Langdale Court

Witney

Oxfordshire

OX28 6FG

CURRENT ASSETS

Stocks

36,428

113,432

Debtors

5

159,331

145,197

Cash at bank and in hand

26,548

30,679

222,307

289,308

CREDITORS

Amounts falling due within one year

6

134,562

101,292

NET CURRENT ASSETS

87,745

188,016

TOTAL ASSETS LESS CURRENT LIABILITIES

87,745

188,016

CREDITORS

Amounts falling due after more than one year

7

129,831

151,511

NET (LIABILITIES)/ASSETS

(42,086

)

36,505

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

(43,086

)

35,505

SHAREHOLDERS' FUNDS

(42,086

)

36,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2023 and were signed on its behalf by:

Ms V K U Berghahn - Director

1.	STATUTORY INFORMATION

Berghahn Books Limited 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.

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

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

Foreign currencies

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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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 7 (2021 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2022

798

Disposals

(798

)

At 31 December 2022

-

DEPRECIATION

At 1 January 2022

798

Eliminated on disposal

(798

)

At 31 December 2022

-

NET BOOK VALUE

At 31 December 2022

-

At 31 December 2021

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

133,574

134,206

Tax

3,490

4,261

VAT

11

2,154

Deferred tax asset

Tax losses carried forward

14,839

-

Prepayments

7,417

4,576

159,331

145,197

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans and overdrafts

12,000

10,000

Other loans

9,800

9,750

Trade creditors

33,122

53,600

Amounts owed to group undertakings

46,761

-

Tax

-

3,490

Social security and other taxes

22,356

5,357

Other creditors

2,419

651

Directors' current accounts

2,454

14,387

Accruals and deferred income

5,650

4,057

134,562

101,292

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans - 1-2 years

14,000

12,000

Bank loans - 2-5 years

50,000

40,000

Bank loans more 5 yr by instal

39,980

63,975

Other loans - 1-2 years

10,000

10,000

Other loans - 2-5 years

15,851

25,536

129,831

151,511

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

39,980

63,975

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.22

31.12.21

£

£

Bank loans

115,980

125,975

The bank loan is secured by way of a debenture in favour of NatWest bank plc dated 11 April 1996.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.22

31.12.21

value:

£

£

1,000

Ordinary

£1

1,000

1,000

10.	PENSION COMMITMENTS

The company operates a defined contribution scheme for its employees and directors, during the year contributions of £5,084 (2021 - £2,354) were made to the scheme.

At 31 December 2022 the sum of £1,860 (2021 - £593) was outstanding and is included in other creditors in respect of these transactions.

11.	ULTIMATE CONTROLLING PARTY

The company was under the control of Ms M. Berghahn throughout the current and previous period by virtue of her shareholding.