BEST INTERCONTINENTAL TRADE LIMITED

BEST INTERCONTINENTAL TRADE LIMITED

BEST INTERCONTINENTAL TRADE LIMITED - Company Information

Print Friendly Version

2022-10-012023-09-302023-09-30false06713808BEST INTERCONTINENTAL TRADE LIMITED2024-05-30iso4217:GBPxbrli:pure067138082022-10-01067138082023-09-30067138082022-10-012023-09-30067138082021-10-01067138082022-09-30067138082021-10-012022-09-3006713808bus:SmallEntities2022-10-012023-09-3006713808bus:AuditExempt-NoAccountantsReport2022-10-012023-09-3006713808bus:FullAccounts2022-10-012023-09-3006713808bus:PrivateLimitedCompanyLtd2022-10-012023-09-3006713808core:WithinOneYear2023-09-3006713808core:AfterOneYear2023-09-3006713808core:WithinOneYear2022-09-3006713808core:AfterOneYear2022-09-3006713808core:ShareCapital2023-09-3006713808core:SharePremium2023-09-3006713808core:RevaluationReserve2023-09-3006713808core:OtherReservesSubtotal2023-09-3006713808core:RetainedEarningsAccumulatedLosses2023-09-3006713808core:ShareCapital2022-09-3006713808core:SharePremium2022-09-3006713808core:RevaluationReserve2022-09-3006713808core:OtherReservesSubtotal2022-09-3006713808core:RetainedEarningsAccumulatedLosses2022-09-3006713808core:LandBuildings2023-09-3006713808core:PlantMachinery2023-09-3006713808core:Vehicles2023-09-3006713808core:FurnitureFittings2023-09-3006713808core:OfficeEquipment2023-09-3006713808core:NetGoodwill2023-09-3006713808core:IntangibleAssetsOtherThanGoodwill2023-09-3006713808core:ListedExchangeTraded2023-09-3006713808core:UnlistedNon-exchangeTraded2023-09-3006713808core:LandBuildings2022-09-3006713808core:PlantMachinery2022-09-3006713808core:Vehicles2022-09-3006713808core:FurnitureFittings2022-09-3006713808core:OfficeEquipment2022-09-3006713808core:NetGoodwill2022-09-3006713808core:IntangibleAssetsOtherThanGoodwill2022-09-3006713808core:ListedExchangeTraded2022-09-3006713808core:UnlistedNon-exchangeTraded2022-09-3006713808core:LandBuildings2022-10-012023-09-3006713808core:PlantMachinery2022-10-012023-09-3006713808core:Vehicles2022-10-012023-09-3006713808core:FurnitureFittings2022-10-012023-09-3006713808core:OfficeEquipment2022-10-012023-09-3006713808core:NetGoodwill2022-10-012023-09-3006713808core:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3006713808core:ListedExchangeTraded2022-10-012023-09-3006713808core:UnlistedNon-exchangeTraded2022-10-012023-09-3006713808core:MoreThanFiveYears2022-10-012023-09-3006713808core:Non-currentFinancialInstruments2023-09-3006713808core:Non-currentFinancialInstruments2022-09-3006713808dpl:CostSales2022-10-012023-09-3006713808dpl:DistributionCosts2022-10-012023-09-3006713808core:LandBuildings2022-10-012023-09-3006713808core:PlantMachinery2022-10-012023-09-3006713808core:Vehicles2022-10-012023-09-3006713808core:FurnitureFittings2022-10-012023-09-3006713808core:OfficeEquipment2022-10-012023-09-3006713808dpl:AdministrativeExpenses2022-10-012023-09-3006713808core:NetGoodwill2022-10-012023-09-3006713808core:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3006713808dpl:GroupUndertakings2022-10-012023-09-3006713808dpl:ParticipatingInterests2022-10-012023-09-3006713808dpl:GroupUndertakingscore:ListedExchangeTraded2022-10-012023-09-3006713808core:ListedExchangeTraded2022-10-012023-09-3006713808dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-10-012023-09-3006713808core:UnlistedNon-exchangeTraded2022-10-012023-09-3006713808dpl:CostSales2021-10-012022-09-3006713808dpl:DistributionCosts2021-10-012022-09-3006713808core:LandBuildings2021-10-012022-09-3006713808core:PlantMachinery2021-10-012022-09-3006713808core:Vehicles2021-10-012022-09-3006713808core:FurnitureFittings2021-10-012022-09-3006713808core:OfficeEquipment2021-10-012022-09-3006713808dpl:AdministrativeExpenses2021-10-012022-09-3006713808core:NetGoodwill2021-10-012022-09-3006713808core:IntangibleAssetsOtherThanGoodwill2021-10-012022-09-3006713808dpl:GroupUndertakings2021-10-012022-09-3006713808dpl:ParticipatingInterests2021-10-012022-09-3006713808dpl:GroupUndertakingscore:ListedExchangeTraded2021-10-012022-09-3006713808core:ListedExchangeTraded2021-10-012022-09-3006713808dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-10-012022-09-3006713808core:UnlistedNon-exchangeTraded2021-10-012022-09-3006713808core:NetGoodwill2023-09-3006713808core:IntangibleAssetsOtherThanGoodwill2023-09-3006713808core:LandBuildings2023-09-3006713808core:PlantMachinery2023-09-3006713808core:Vehicles2023-09-3006713808core:FurnitureFittings2023-09-3006713808core:OfficeEquipment2023-09-3006713808core:AfterOneYear2023-09-3006713808core:WithinOneYear2023-09-3006713808core:ListedExchangeTraded2023-09-3006713808core:UnlistedNon-exchangeTraded2023-09-3006713808core:ShareCapital2023-09-3006713808core:SharePremium2023-09-3006713808core:RevaluationReserve2023-09-3006713808core:OtherReservesSubtotal2023-09-3006713808core:RetainedEarningsAccumulatedLosses2023-09-3006713808core:NetGoodwill2022-09-3006713808core:IntangibleAssetsOtherThanGoodwill2022-09-3006713808core:LandBuildings2022-09-3006713808core:PlantMachinery2022-09-3006713808core:Vehicles2022-09-3006713808core:FurnitureFittings2022-09-3006713808core:OfficeEquipment2022-09-3006713808core:AfterOneYear2022-09-3006713808core:WithinOneYear2022-09-3006713808core:ListedExchangeTraded2022-09-3006713808core:UnlistedNon-exchangeTraded2022-09-3006713808core:ShareCapital2022-09-3006713808core:SharePremium2022-09-3006713808core:RevaluationReserve2022-09-3006713808core:OtherReservesSubtotal2022-09-3006713808core:RetainedEarningsAccumulatedLosses2022-09-3006713808core:NetGoodwill2021-10-0106713808core:IntangibleAssetsOtherThanGoodwill2021-10-0106713808core:LandBuildings2021-10-0106713808core:PlantMachinery2021-10-0106713808core:Vehicles2021-10-0106713808core:FurnitureFittings2021-10-0106713808core:OfficeEquipment2021-10-0106713808core:AfterOneYear2021-10-0106713808core:WithinOneYear2021-10-0106713808core:ListedExchangeTraded2021-10-0106713808core:UnlistedNon-exchangeTraded2021-10-0106713808core:ShareCapital2021-10-0106713808core:SharePremium2021-10-0106713808core:RevaluationReserve2021-10-0106713808core:OtherReservesSubtotal2021-10-0106713808core:RetainedEarningsAccumulatedLosses2021-10-0106713808core:AfterOneYear2022-10-012023-09-3006713808core:WithinOneYear2022-10-012023-09-3006713808core:Non-currentFinancialInstrumentscore:CostValuation2022-10-012023-09-3006713808core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-10-012023-09-3006713808core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-10-012023-09-3006713808core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-10-012023-09-3006713808core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-10-012023-09-3006713808core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-10-012023-09-3006713808core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-10-012023-09-3006713808core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-10-012023-09-3006713808core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-10-012023-09-3006713808core:Non-currentFinancialInstrumentscore:CostValuation2023-09-3006713808core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-3006713808core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-3006713808core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-3006713808core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-3006713808core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-3006713808core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-3006713808core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-3006713808core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-3006713808core:Non-currentFinancialInstrumentscore:CostValuation2022-09-3006713808core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-09-3006713808core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-09-3006713808core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-09-3006713808core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-09-3006713808core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-09-3006713808core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-09-3006713808core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-09-3006713808core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-09-3006713808bus:Director12022-10-012023-09-30

BEST INTERCONTINENTAL TRADE LIMITED

Registered Number
06713808
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2023

BEST INTERCONTINENTAL TRADE LIMITED
Company Information
for the year from 1 October 2022 to 30 September 2023

Director

GALLUCCI, Lorenzo

Registered Address

1st Floor, 21-22 Grosvenor Street
London
W1K 4QJ

Registered Number

06713808 (England and Wales)
BEST INTERCONTINENTAL TRADE LIMITED
Balance Sheet as at
30 September 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investments4199,822135,963
199,822135,963
Current assets
Debtors60,51460,531
Current asset investments11,63411,634
Cash at bank and on hand32,627103,315
104,775175,480
Creditors amounts falling due within one year5(28,091)(24,791)
Net current assets (liabilities)76,684150,689
Total assets less current liabilities276,506286,652
Net assets276,506286,652
Capital and reserves
Called up share capital100100
Profit and loss account276,406286,552
Shareholders' funds276,506286,652
  • The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
  • The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The financial statements were approved and authorised for issue by the Director on 30 May 2024, and are signed on its behalf by:
GALLUCCI, Lorenzo
Director
Registered Company No. 06713808
BEST INTERCONTINENTAL TRADE LIMITED
Notes to the Financial Statements
for the year ended 30 September 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
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.
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.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment3
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 October 221,5221,522
Disposals(1,522)(1,522)
Depreciation and impairment
At 01 October 221,5221,522
On disposals(1,522)(1,522)
Net book value
At 30 September 23--
At 30 September 22--
4.Fixed asset investments

Investments in groups1

Loans to groups2

Total

£££
Cost or valuation
At 01 October 22(19,220)155,183135,963
Additions-63,86063,860
At 30 September 23(19,220)219,043199,823
Impairment
Other adjustments-11
At 30 September 23-11
Net book value
At 30 September 23(19,220)219,042199,822
At 30 September 22(19,220)155,183135,963

Notes

1Investments in group undertakings and participating interests
2Loans to group undertakings and participating interests
5.Creditors: amounts due within one year

2023

2022

££
Amounts owed to related parties26,59123,591
Accrued liabilities and deferred income1,5001,200
Total28,09124,791