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REGISTERED NUMBER: 11210488 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Bgs Education Ltd

Bgs Education Ltd (Registered number: 11210488)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bgs Education Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Ms R L Shipley





REGISTERED OFFICE: 6-7 Basilica House 334 Southend Road
Wickford
Essex
SS11 8QS





REGISTERED NUMBER: 11210488 (England and Wales)





ACCOUNTANTS: Sygma Chartered Accountants
1 Sopwith Crescent
Wickford
Essex
SS11 8YU

Bgs Education Ltd (Registered number: 11210488)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,080
Tangible assets 5 2,542 3,815
2,542 4,895

CURRENT ASSETS
Debtors 6 28,072 26,826
Cash at bank 6,433 439
34,505 27,265
CREDITORS
Amounts falling due within one year 7 28,958 35,018
NET CURRENT ASSETS/(LIABILITIES) 5,547 (7,753 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,089

(2,858

)

CREDITORS
Amounts falling due after more than
one year

8

6,960

-
NET ASSETS/(LIABILITIES) 1,129 (2,858 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,029 (2,958 )
SHAREHOLDERS' FUNDS 1,129 (2,858 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Bgs Education Ltd (Registered number: 11210488)

Balance Sheet - continued
28 February 2023


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 director and authorised for issue on 9 November 2023 and were signed by:





Ms R L Shipley - Director


Bgs Education Ltd (Registered number: 11210488)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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 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.


Bgs Education Ltd (Registered number: 11210488)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued
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.

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 16 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 5,400
AMORTISATION
At 1 March 2022 4,320
Charge for year 1,080
At 28 February 2023 5,400
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 1,080

Bgs Education Ltd (Registered number: 11210488)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 13,071
Additions 1,676
At 28 February 2023 14,747
DEPRECIATION
At 1 March 2022 9,256
Charge for year 2,949
At 28 February 2023 12,205
NET BOOK VALUE
At 28 February 2023 2,542
At 28 February 2022 3,815

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 28,072 26,826

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 11,950 15,000
Trade creditors 226 59
Taxation and social security 8,946 7,418
Other creditors 7,836 12,541
28,958 35,018

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.23 28.2.22
£    £   
Other creditors 6,960 -

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 6,960 -