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REGISTERED NUMBER: 03395001 (England and Wales)





























Unaudited Financial Statements for the Year Ended 30 April 2023

for

BD Structures Ltd

BD Structures Ltd (Registered number: 03395001)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BD Structures Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTORS: C J Heys
B W Heys





SECRETARY: J E Heys





REGISTERED OFFICE: Westhoughton Industrial Estate
James Street
Westhoughton
Bolton
Lancashire
BL5 3QR





REGISTERED NUMBER: 03395001 (England and Wales)





ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY

BD Structures Ltd (Registered number: 03395001)

Balance Sheet
30 April 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 534,601 425,924

CURRENT ASSETS
Stocks 5 152,219 253,270
Debtors 6 2,331,701 1,575,456
Cash at bank and in hand 647,401 336,125
3,131,321 2,164,851
CREDITORS
Amounts falling due within one year 7 (2,490,731 ) (1,489,432 )
NET CURRENT ASSETS 640,590 675,419
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,175,191

1,101,343

CREDITORS
Amounts falling due after more than one
year

8

(257,446

)

(303,522

)

PROVISIONS FOR LIABILITIES 10 (80,899 ) (40,132 )
NET ASSETS 836,846 757,689

CAPITAL AND RESERVES
Called up share capital 11 12,000 12,000
Capital redemption reserve 12 13,000 13,000
Retained earnings 12 811,846 732,689
SHAREHOLDERS' FUNDS 836,846 757,689

BD Structures Ltd (Registered number: 03395001)

Balance Sheet - continued
30 April 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2023 and were signed on its behalf by:





C J Heys - Director


BD Structures Ltd (Registered number: 03395001)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

BD Structures 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.

Turnover
Turnover represents the total invoice value, adjusted for unbilled work in progress, excluding value added tax, of sales made during the year and derives from the provision of goods and services falling within the company's ordinary activities.

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.
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

BD Structures Ltd (Registered number: 03395001)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued

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.

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 24 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2022 22,661 678,305 49,951
Additions - 44,344 4,563
Disposals - - -
At 30 April 2023 22,661 722,649 54,514
DEPRECIATION
At 1 May 2022 11,924 447,859 41,600
Charge for year 2,266 54,398 2,379
Eliminated on disposal - - -
At 30 April 2023 14,190 502,257 43,979
NET BOOK VALUE
At 30 April 2023 8,471 220,392 10,535
At 30 April 2022 10,737 230,446 8,351

BD Structures Ltd (Registered number: 03395001)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2022 257,703 42,790 1,051,410
Additions 184,890 4,631 238,428
Disposals (9,500 ) - (9,500 )
At 30 April 2023 433,093 47,421 1,280,338
DEPRECIATION
At 1 May 2022 99,852 24,251 625,486
Charge for year 58,457 6,568 124,068
Eliminated on disposal (3,817 ) - (3,817 )
At 30 April 2023 154,492 30,819 745,737
NET BOOK VALUE
At 30 April 2023 278,601 16,602 534,601
At 30 April 2022 157,851 18,539 425,924

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2022 443,541 136,954 580,495
Additions 32,344 96,590 128,934
At 30 April 2023 475,885 233,544 709,429
DEPRECIATION
At 1 May 2022 258,732 29,255 287,987
Charge for year 44,355 26,925 71,280
At 30 April 2023 303,087 56,180 359,267
NET BOOK VALUE
At 30 April 2023 172,798 177,364 350,162
At 30 April 2022 184,809 107,699 292,508

5. STOCKS
2023 2022
£    £   
Raw materials 9,538 4,700
Work-in-progress 142,681 248,570
152,219 253,270

BD Structures Ltd (Registered number: 03395001)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,021,127 1,201,198
Other debtors 21,984 16,437
Directors' current accounts 3,555 3,626
Corporation tax 589 132,703
VAT 169,686 113,002
Prepayments 114,760 108,490
2,331,701 1,575,456

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 24,000 24,000
Other loans 43,527 41,800
Hire purchase contracts 43,954 16,915
Trade creditors 1,730,240 921,850
Corporation tax 71,670 83,337
Social security and other taxes 41,989 33,266
Other creditors 253,004 25,740
Accrued expenses 8,287 73,924
Deferred income 274,060 268,600
2,490,731 1,489,432

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 24,000 24,000
Bank loans - 2-5 years 34,000 58,000
Other loans - 1-2 years 45,754 43,528
Other loans - 2-5 years 56,347 101,709
Hire purchase contracts 97,345 76,285
257,446 303,522

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 145,628 187,037
Hire purchase contracts 141,299 93,200
286,927 280,237

The Trustees of the BD Structures Executive Pension Fund has a fixed charge over the fixed plant and chattels of the company.

BD Structures Ltd (Registered number: 03395001)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 80,899 40,132

Deferred
tax
£   
Balance at 1 May 2022 40,132
Provided during year 40,767
Balance at 30 April 2023 80,899

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
12,000 Ordinary £1 12,000 12,000

12. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 May 2022 732,689 13,000 745,689
Profit for the year 379,157 379,157
Dividends (300,000 ) (300,000 )
At 30 April 2023 811,846 13,000 824,846

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
C J Heys
Balance outstanding at start of year 3,626 3,785
Amounts advanced - 1,813
Amounts repaid (71 ) (1,972 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,555 3,626