2022-03-29 07392178 2023-03-28 07392178 2022-03-29 2023-03-28 07392178 2022-03-28 07392178 2021-03-29 2022-03-28 07392178 uk-core:WithinOneYear 2022-03-28 07392178 uk-core:WithinOneYear 2023-03-28 07392178 uk-core:ShareCapital 2023-03-28 07392178 uk-core:ShareCapital 2022-03-28 07392178 uk-core:RetainedEarningsAccumulatedLosses 2023-03-28 07392178 uk-core:RetainedEarningsAccumulatedLosses 2022-03-28 07392178 uk-bus:Director1 2022-03-29 2023-03-28 07392178 uk-core:ComputerEquipment 2022-03-28 07392178 uk-core:CommercialMotorVehicles 2022-03-28 07392178 uk-core:CommercialMotorVehicles 2023-03-28 07392178 uk-core:ComputerEquipment 2023-03-28 07392178 uk-core:ComputerEquipment 2022-03-29 2023-03-28 07392178 uk-core:CommercialMotorVehicles 2022-03-29 2023-03-28 07392178 uk-core:WithinOneYear 2023-03-28 07392178 uk-core:WithinOneYear 2022-03-28 iso4217:GBP xbrli:pure 07392178 uk-bus:AuditExemptWithAccountantsReport 2022-03-29 2023-03-28 07392178 uk-bus:FRS102 2022-03-29 2023-03-28 07392178 uk-bus:FullAccounts 2022-03-29 2023-03-28 07392178 uk-bus:PrivateLimitedCompanyLtd 2022-03-29 2023-03-28
Bgn Developments Limited
Registered Number:07392178
For the year ended 28 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 28 March 2023
Bgn Developments Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
07392178
As at 28 March 2023
Bgn Developments Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
2,120
2,922
2
2,120
2,922
Current assets
Inventories
5,623
172,868
3
2,456,766
Cash and cash equivalents
2,278,994
2,451,862
2,462,389
Trade and other payables: amounts falling due within one
year
(785,683)
(759,078)
4
1,676,706
1,692,784
Net current assets
Total assets less current liabilities
1,694,904
1,679,628
1,694,904
Net assets
1,679,628
Capital and reserves
Called up share capital
111
111
Retained earnings
1,694,793
1,679,517
1,694,904
1,679,628
Shareholders' funds
For the year ended 28 March 2023 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 of its financial statements for the year ended 28 March 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr G Smith Director
These financial statements were approved and authorised for issue by the Board on 01 November 2023 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 28 March 2023
Bgn Developments Limited
Notes to the Financial Statements
Statutory Information
Bgn Developments Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07392178.
Registered address:
6 Leybourne Gardens
St Leonards on Sea
East Sussex
TN37 7HU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
£
£
£
Cost or
valuation
At 29 March 2022
15,228
433
14,795
At 28 March 2023
14,795
433
15,228
Provision for depreciation and impairment
At 29 March 2022
12,306
144
12,162
Charge for year
802
144
658
At 28 March 2023
13,108
288
12,820
At 28 March 2023
Net book value
1,975
145
2,120
At 28 March 2022
2,633
289
2,922
3. Inventories
2022
2023
£
£
Stocks
172,868
5,623
2 of 3
5
For the year ended 28 March 2023
Bgn Developments Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
-
2
Taxation and social security
3,771
32,081
Other creditors
755,307
753,600
759,078
785,683
5. Related party transactions
At the year end, the director was owed £739,940 (2022: £737,435).
6. Average number of persons employed
During the year the average number of employees was 0
3 of 3