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REGISTERED NUMBER: 03549625 (England and Wales)











STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

BDS (YORKSHIRE) LIMITED

BDS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 03549625)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Statement of Income and Retained Earnings 8

Balance Sheet 9

Cash Flow Statement 10

Notes to the Cash Flow Statement 11

Notes to the Financial Statements 12


BDS (YORKSHIRE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: N P Sullivan
I H S Al-Rawahy
R M Johnson
M H S Al-Rawahy



SECRETARY: W A Sullivan



REGISTERED OFFICE: Unit 55
Kelleythorpe Industrial Estate
Driffield
East Yorkshire
YO25 9FQ



REGISTERED NUMBER: 03549625 (England and Wales)



AUDITORS: Lloyd Dowson Audit Limited
Chartered Accountants
& Statutory Auditors
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ



BANKERS: Barclays Bank Plc
Hull Corporate Banking Centre
Hull
East Yorkshire
HU1 1RN

BDS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 03549625)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2023

The directors present their strategic report for the year ended 31 March 2023.

REVIEW OF BUSINESS
The results for the year and financial position of the company are as shown in the annexed financial statements.

The company's trade is directly linked with the construction industry, relating to groundworks and surfacing, and considers it's profit before taxation and net assets to be it's key financial performance indicators. The profit before taxation for the year was £218,962 (2022 : £370,207) and net assets at end of the year of £2,560,551 (2022 : £2,325,769).

PRINCIPAL RISKS AND UNCERTAINTIES
Key uncertainties regarding the company revolve around the extent that the company is affected by potential changes in the economic climate and its impact on the construction industry. The directors are positive about the recent improvement within the industry and intend to mitigate the company's risk by:

- striving to maintain high quality and standards to engender loyalty across their customer base;
- continual working towards efficient production to allow for competitive tendering;
- expansion of existing customer base.

FUTURE DEVELOPMENTS
The directors are to continue with their existing policies and are encouraged by the improving economic climate and feel they are in a good position as they enter the next financial year.

FINANCIAL INSTRUMENTS
The company's principal financial instruments comprise bank balances, trade creditors, trade debtors, loans to the company and invoice financing. The main purpose of these instruments is to finance the company's operations.

The company does not consider itself to have any exposure to currency risk.

With regard to the bank balances, the liquidity risk is managed through the use of invoice financing of trade debtors at variable rates of interest.

Group loans are interest free and are repayable on demand, when funds permit.

Trade debtors are managed through the monitoring of credit risk of the individual customer and the use of credit protection insurance, where applicable.

Trade creditors liquidity risk is managed by ensuring sufficient funds are available to meet payments as they fall due.

ON BEHALF OF THE BOARD:





N P Sullivan - Director


6 November 2023

BDS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 03549625)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2023

The directors present their report with the financial statements of the company for the year ended 31 March 2023.

PRINCIPAL ACTIVITIES
The principal activities of the company in the year under review were those of tarmacadam laying and groundworks.

DIVIDENDS
No dividends will be distributed for the year ended 31 March 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report.

N P Sullivan
I H S Al-Rawahy
R M Johnson
M H S Al-Rawahy

DISCLOSURE IN THE STRATEGIC REPORT
In accordance with Section 414C (11) of the Companies Act 2006, the company has chosen to report details concerning financial instruments and future developments within the strategic report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:





N P Sullivan - Director


6 November 2023

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BDS (YORKSHIRE) LIMITED

Qualified opinion
We have audited the financial statements of BDS (Yorkshire) Limited (the 'company') for the year ended 31 March 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion, except for the possible effects of the matter described in the Basis for Qualified Opinion paragraph, the financial statements:
- give a true and fair view of the state of the company's affairs as at 31 March 2023 and of its profit for the year then
ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for qualified opinion
We have been unable to obtain sufficient audit evidence in respect of the recoverability and the value of an element of the work in progress due to the length of time this balance has been held and the costings provided. The work in progress which we refer to has been reduced by £130K in the year. This amount has been invoiced during the year leaving a remaining long term balance as at 31 March 2023 of £1.9M.

We have also been unable to obtain sufficient audit evidence on £201K of the retentions due to the long term nature of these balances held as at 31 March 2023.

Consequently, we were unable to determine whether any adjustment to these amounts were necessary.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

We draw your attention to the matters addressed in the basis of qualified opinion. If these balances were not deemed to be receivable, the company would have the support of its parent company, the ultimate shareholders and directors to remain as a going concern.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BDS (YORKSHIRE) LIMITED


Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

Arising solely from the limitation in the scope of our work described in the basis for qualified opinion section of our report:

- we have not received all the information and explanations we require for our audit : and
- we were unable to determine whether adequate accounting records have been kept.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BDS (YORKSHIRE) LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities are instances of non-compliance with laws and regulations. The objectives of our audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, to perform audit procedures to help identify instances of non-compliance with other laws and regulations that may have a material effect on the financial statements, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit.

In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit.

However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit engagement team:
- obtained an understanding of the nature of the industry and sector, including the legal and regulatory frameworks
that the company operates in, including whether the company is complying with those legal and regulatory
frameworks;
- inquired of management, and those charged with governance, about their own identification and assessment of
the risks of irregularities, including any known actual, suspected or alleged instances of fraud;
- discussed matters about non-compliance with laws and regulations and how fraud might occur including
assessment of how and where the financial statements may be susceptible to fraud.

As a result of these procedures we consider the most significant laws and regulations that have a direct impact on the financial statements are FRS 102, the Companies Act 2006 and tax compliance regulations. We performed audit procedures to detect non-compliance which may have a material impact on the financial statements which included reviewing financial statement disclosures, inspecting correspondence with relevant tax authorities and evaluating advice received from third party advisors.

The most significant laws and regulations that have an indirect impact on the financial statements are those in relation to health and safety, data protection and employment laws. We performed audit procedures to inquire of management whether the company is in compliance with these laws. This work included evaluating correspondence with third party consultants.

The audit engagement team identified the risk of management override of controls and the risk of fraud in revenue recognition as the areas where the financial statements were most susceptible to material misstatement due to fraud. Audit procedures performed included but were not limited to;
- testing material journal entries throughout the year and evaluating their business rationale;
- reviewing key controls and account reconciliations;
- testing material bank transactions for business rationale;
- on a sample basis, reviewing authorisation procedures of business expenditure, including review of supporting
documentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BDS (YORKSHIRE) LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Rebecca Sygrove FCCA (Senior Statutory Auditor)
for and on behalf of Lloyd Dowson Audit Limited
Chartered Accountants
& Statutory Auditors
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

6 November 2023

BDS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 03549625)

STATEMENT OF INCOME AND
RETAINED EARNINGS
FOR THE YEAR ENDED 31 MARCH 2023

31.3.23 31.3.22
Notes £    £   

TURNOVER 12,892,062 10,675,522

Cost of sales 11,120,616 8,954,132
GROSS PROFIT 1,771,446 1,721,390

Administrative expenses 1,551,643 1,350,219
219,803 371,171

Other operating income - 527
OPERATING PROFIT 4 219,803 371,698

Interest receivable and similar income 87 -
219,890 371,698

Interest payable and similar expenses 5 928 1,491
PROFIT BEFORE TAXATION 218,962 370,207

Tax on profit 6 (15,820 ) 19,927
PROFIT FOR THE FINANCIAL YEAR 234,782 350,280

Retained earnings at beginning of year 1,715,769 1,365,489

RETAINED EARNINGS AT END OF
YEAR

1,950,551

1,715,769

BDS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 03549625)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 7 - -
Tangible assets 8 1,330,056 923,419
1,330,056 923,419

CURRENT ASSETS
Stocks 9 3,198,030 3,487,548
Debtors 10 2,930,736 3,199,075
Cash at bank and in hand 162 32,393
6,128,928 6,719,016
CREDITORS
Amounts falling due within one year 11 4,829,999 5,222,412
NET CURRENT ASSETS 1,298,929 1,496,604
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,628,985

2,420,023

CREDITORS
Amounts falling due after more than one
year

12

(21,667

)

(31,667

)

PROVISIONS FOR LIABILITIES 15 (46,767 ) (62,587 )
NET ASSETS 2,560,551 2,325,769

CAPITAL AND RESERVES
Called up share capital 16 610,000 610,000
Retained earnings 17 1,950,551 1,715,769
SHAREHOLDERS' FUNDS 2,560,551 2,325,769

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by:




N P Sullivan - Director



R M Johnson - Director


BDS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 03549625)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023

31.3.23 31.3.22
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 645,567 169,622
Interest paid (928 ) (1,491 )
Net cash from operating activities 644,639 168,131

Cash flows from investing activities
Purchase of tangible fixed assets (640,853 ) (321,379 )
Sale of tangible fixed assets 65,195 32,485
Interest received 87 -
Net cash from investing activities (575,571 ) (288,894 )

Cash flows from financing activities
Advanced to/from group members (100,800 ) (47,495 )
Bank loan repayments in year (10,000 ) (8,333 )
Other loan repayments (6,000 ) (6,500 )
Net cash from financing activities (116,800 ) (62,328 )

Decrease in cash and cash equivalents (47,732 ) (183,091 )
Cash and cash equivalents at beginning of
year

2

32,393

215,484

Cash and cash equivalents at end of year 2 (15,339 ) 32,393

BDS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 03549625)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
31.3.23 31.3.22
£    £   
Profit before taxation 218,962 370,207
Depreciation charges 166,340 132,766
Loss on disposal of fixed assets 2,681 413
Finance costs 928 1,491
Finance income (87 ) -
388,824 504,877
Decrease in raw materials 289,518 262,434
Decrease/(increase) in trade and other debtors 274,339 (841,728 )
(Decrease)/increase in trade and other creditors (307,114 ) 244,039
Cash generated from operations 645,567 169,622

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2023
31.3.23 1.4.22
£    £   
Cash and cash equivalents 162 32,393
Bank overdrafts (15,501 ) -
(15,339 ) 32,393
Year ended 31 March 2022
31.3.22 1.4.21
£    £   
Cash and cash equivalents 32,393 215,484


3. ANALYSIS OF CHANGES IN NET DEBT

At 1.4.22 Cash flow At 31.3.23
£    £    £   
Net cash
Cash at bank and in hand 32,393 (32,231 ) 162
Bank overdrafts - (15,501 ) (15,501 )
32,393 (47,732 ) (15,339 )
Debt
Debts falling due within 1 year (10,000 ) - (10,000 )
Debts falling due after 1 year (31,667 ) 10,000 (21,667 )
(41,667 ) 10,000 (31,667 )
Total (9,274 ) (37,732 ) (47,006 )

BDS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 03549625)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

BDS (Yorkshire) 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.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, which are described further in this note, management are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Key sources of estimation and uncertainty
The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below.

Useful economic lives of tangible assets
The annual amortisation and depreciation charges for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See the notes to the financial statements for the carrying amount of the property, plant and equipment and the useful economic lives of each class of assets.

Stock and work in progress provisioning
The company operates within the construction and civil engineering sector. As a result it is necessary to consider the recoverability of the cost of stock and work in progress and the associated provisioning required. When calculating the stock provision, management considers the nature and condition of the stock, the age and completion of the work in progress, as well as applying assumptions around anticipated stage of completion of each job and agreed contract value.

Impairment of debtors
The company makes an estimate of the recoverable value of trade debtors and retentions. When assessing impairment of trade debtors and retentions, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

Turnover
Turnover represents supply of surfacing and groundworks, duly adjusted for work in progress at the year end, measured at fair value, net of discounts and value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

BDS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 03549625)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% and 25% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 33% on cost

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 Statement of Comprehensive Income, 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.

Contract work in progress
Amounts recoverable on contracts are stated at cost plus attributable profits less provision for any known or anticipated losses and payments on accounts.

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.

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 has implemented automatic enrolment into a workplace pension scheme in relation to all employees.

All contributions payable for the year are charged to the profit & loss account.

BDS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 03549625)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS
31.3.23 31.3.22
£    £   
Wages and salaries 1,763,424 1,617,762
Social security costs 205,013 168,588
Other pension costs 45,650 37,395
2,014,087 1,823,745

The average number of employees during the year was as follows:
31.3.23 31.3.22

Direct labourers 36 33
Office and management 7 7
Directors 2 2
45 42

31.3.23 31.3.22
£    £   
Directors' remuneration 43,090 41,985

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.23 31.3.22
£    £   
Hire of plant and machinery 1,166,886 862,297
Depreciation - owned assets 166,340 132,766
Loss on disposal of fixed assets 2,681 413
Auditors' remuneration 13,381 12,942
Other non- audit services 29,952 26,755

5. INTEREST PAYABLE AND SIMILAR EXPENSES
31.3.23 31.3.22
£    £   
Bank loan interest 928 1,491

6. TAXATION

Analysis of the tax (credit)/charge
The tax (credit)/charge on the profit for the year was as follows:
31.3.23 31.3.22
£    £   
Deferred tax (15,820 ) 19,927
Tax on profit (15,820 ) 19,927

BDS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 03549625)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. TAXATION - continued

Reconciliation of total tax (credit)/charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

31.3.23 31.3.22
£    £   
Profit before tax 218,962 370,207
Profit multiplied by the standard rate of corporation tax in the UK of 19%
(2022 - 19%)

41,603

70,339

Effects of:
Expenses not deductible for tax purposes 151 -
Capital allowances in excess of depreciation (11,825 ) (4,751 )
Group relief (29,929 ) (65,588 )
Deferred tax (15,820 ) 19,927
Total tax (credit)/charge (15,820 ) 19,927

7. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 98,000
AMORTISATION
At 1 April 2022
and 31 March 2023 98,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

BDS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 03549625)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022 150,818 1,553,876 13,685
Additions 20,000 148,811 4,309
Disposals - (303,817 ) (4,652 )
At 31 March 2023 170,818 1,398,870 13,342
DEPRECIATION
At 1 April 2022 130,520 834,145 13,685
Charge for year 3,237 106,415 1,077
Eliminated on disposal - (256,691 ) (4,652 )
At 31 March 2023 133,757 683,869 10,110
NET BOOK VALUE
At 31 March 2023 37,061 715,001 3,232
At 31 March 2022 20,298 719,731 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 311,572 70,648 2,100,599
Additions 467,000 733 640,853
Disposals (24,000 ) - (332,469 )
At 31 March 2023 754,572 71,381 2,408,983
DEPRECIATION
At 1 April 2022 129,589 69,241 1,177,180
Charge for year 53,960 1,651 166,340
Eliminated on disposal (3,250 ) - (264,593 )
At 31 March 2023 180,299 70,892 1,078,927
NET BOOK VALUE
At 31 March 2023 574,273 489 1,330,056
At 31 March 2022 181,983 1,407 923,419

9. STOCKS
31.3.23 31.3.22
£    £   
Raw materials and consumables 614,256 654,376
Work-in-progress 2,583,774 2,833,172
3,198,030 3,487,548

BDS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 03549625)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

10. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 1,847,609 2,240,368
VAT 106,698 62,980
Prepayments and accrued income 88,442 61,973
2,042,749 2,365,321

Amounts falling due after more than one year:
Retentions 887,987 833,754

Aggregate amounts 2,930,736 3,199,075

Retentions do not fall due until up to 38 months after completion of the relevant contract.

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts (see note 13) 25,501 10,000
Trade creditors 1,737,667 1,556,092
Amounts owed to group undertakings 1,993,495 2,094,295
Social security and other taxes 38,969 33,977
Factoring account 622,544 1,088,405
Amounts due to related
undertakings 172,693 178,693
Directors' current accounts 56,000 56,000
Accrued expenses 183,130 204,950
4,829,999 5,222,412

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 13) 21,667 31,667

13. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 15,501 -
Bank loans 10,000 10,000
25,501 10,000

BDS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 03549625)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

13. LOANS - continued
31.3.23 31.3.22
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 11,667 21,667

The above amounts represent a Coronavirus Business Interruption Loan Scheme issued in May 2020 which is being repaid in monthly instalments over five years. Interest is charged at 2.75% above bank base rates.

14. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Factoring account 622,544 1,088,405

The invoice financing facility is secured by way of legal charges and debenture over the all assets of the company.

15. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 46,767 62,587

Deferred
tax
£   
Balance at 1 April 2022 62,587
Accelerated capital allowances (15,820 )
Balance at 31 March 2023 46,767

16. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
610,000 Ordinary £1 610,000 610,000

BDS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 03549625)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

17. RESERVES
Retained
earnings
£   

At 1 April 2022 1,715,769
Profit for the year 234,782
At 31 March 2023 1,950,551

18. ULTIMATE PARENT COMPANY

The ultimate holding companies are Al-Rawahy Holdings LLC, a company registered in Oman and Sulair Holdings Limited, a company incorporated in England and Wales. Both of these companies hold a 50% interest in Raysul Holdings Limited, the parent company to BDS (Yorkshire) Limited.

19. RELATED PARTY DISCLOSURES

As at 31 March 2023 the directors were owed £56,000 (2022 : £56,000) by way of directors loan accounts.

During the year, the company has operated a loan account and paid rent of £16,000 (2022 : £16,000) to its parent company, Raysul Holdings Limited. As at 31 March 2023, the company owed £1,993,495 to Raysul Holdings Limited (2022 : £2,094,295). During the previous year, the company also supplied services to Raysul Holdings Limited totalling £114,478.

The company has also been charged hire charges of £20,000 by Sulair Services Limited and also operated a loan account. Sulair Services Limited holds a 50% interest in Raysul Holdings Limited. As at 31 March 2023, the company owed £99,693 to Sulair Services Limited (2022 : £99,693).

The company also has a loan with Sons of Hamed Al-Rawahy, a partnership where I H S Al-Rawahy holds a 33.33% interest. As at the 31 March 2023, the company owed £73,000 (2022 : £79,000) to this partnership.

The company has also incurred a management charge from director, I H S Al-Rawahy of £20,000, (2022 : £20,000).

During the year, the company has also traded with Driffield Plant Hire Limited. N P Sullivan is a director and shareholder of this company.

The trading with this company during the year is detailed below:

2023 2022
£    £   
Amounts owed from associated company as at 31 March 193,102 53,400
Sales of services to associated company 629,210 185,000
Purchase of assets from associated company 586,470 301,800
Purchase of services from associated company 559,638 378,929

All of the above transactions were conducted under normal commercial terms.

During the year, a total of key management personnel compensation of £ 46,488 was paid.

The above amount is in relation to the directors. 2022 : £45,204.

BDS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 03549625)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

20. ULTIMATE CONTROLLING PARTY

The ultimate holding companies are Al-Rawahy Holdings LLC, a company registered in Oman and Sulair Holdings Limited, a company incorporated in England and Wales. Both of these companies hold a 50% interest in Raysul Holdings Limited, the parent company to BDS (Yorkshire) Limited.

Raysul Holdings is the parent undertaking of the smallest and largest group to consolidate the financial statements and copies of its consolidated financial statements can be obtained from Unit 55, Kelleythorpe Industrial Estate, Driffield, East Yorkshire, YO25 9FQ.