IRIS Accounts Production v23.3.1.45 03723948 Board of Directors 1.5.22 30.4.23 30.4.23 true false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037239482022-04-30037239482023-04-30037239482022-05-012023-04-30037239482021-04-30037239482021-05-012022-04-30037239482022-04-3003723948ns10:Originalns15:EnglandWales2022-05-012023-04-3003723948ns14:PoundSterlingns10:Original2022-05-012023-04-3003723948ns10:Originalns10:Director12022-05-012023-04-3003723948ns10:Original2022-05-012023-04-3003723948ns10:Original2023-04-3003723948ns10:Originalns10:PrivateLimitedCompanyLtd2022-05-012023-04-3003723948ns10:Originalns10:SmallEntities2022-05-012023-04-3003723948ns10:Originalns10:AuditExempt-NoAccountantsReport2022-05-012023-04-3003723948ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3003723948ns10:SmallCompaniesRegimeForAccountsns10:Original2022-05-012023-04-3003723948ns10:Originalns10:FullAccounts2022-05-012023-04-3003723948ns10:Original12022-05-012023-04-3003723948ns10:Originalns10:Director22022-05-012023-04-3003723948ns10:Originalns10:Director42022-05-012023-04-3003723948ns10:Originalns10:Director52022-05-012023-04-3003723948ns10:Originalns10:RegisteredOffice2022-05-012023-04-3003723948ns10:Original2022-04-3003723948ns10:Originalns5:CurrentFinancialInstruments2023-04-3003723948ns10:Originalns5:CurrentFinancialInstruments2022-04-3003723948ns10:Originalns5:Non-currentFinancialInstruments2023-04-3003723948ns10:Originalns5:Non-currentFinancialInstruments2022-04-3003723948ns5:ShareCapitalns10:Original2023-04-3003723948ns5:ShareCapitalns10:Original2022-04-3003723948ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-04-3003723948ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-3003723948ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-05-012023-04-3003723948ns10:Originalns5:PlantMachinery2022-05-012023-04-3003723948ns10:Originalns5:ComputerEquipment2022-05-012023-04-3003723948ns10:Original2021-05-012022-04-3003723948ns10:Originalns5:NetGoodwill2022-04-3003723948ns10:Originalns5:NetGoodwill2022-05-012023-04-3003723948ns10:Originalns5:NetGoodwill2023-04-3003723948ns10:Originalns5:NetGoodwill2022-04-3003723948ns10:Originalns5:PlantMachinery2022-04-3003723948ns10:Originalns5:ComputerEquipment2022-04-3003723948ns10:Original2022-04-3003723948ns10:Originalns5:PlantMachinery2023-04-3003723948ns10:Originalns5:ComputerEquipment2023-04-3003723948ns10:Originalns5:PlantMachinery2022-04-3003723948ns10:Originalns5:ComputerEquipment2022-04-3003723948ns10:Originalns5:CostValuation2022-04-3003723948ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3003723948ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-30
















B P U Limited

Financial Statements for the Year Ended 30 April 2023






B P U Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: J H Palin
N M Toye
A L Miller
M P Knight



REGISTERED OFFICE: Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA



REGISTERED NUMBER: 03723948 (England and Wales)



BANKERS: Lloyds TSB Bank Plc
31 Queen Street
Cardiff
CF10 2AG

B P U Limited (Registered number: 03723948)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 502,167 538,532
Tangible assets 4 52,325 38,887
Investments 5 82,158 82,158
636,650 659,577

CURRENT ASSETS
Debtors 6 1,689,177 1,274,711
Cash at bank 438,275 620,139
2,127,452 1,894,850
CREDITORS
Amounts falling due within one year 7 798,203 687,976
NET CURRENT ASSETS 1,329,249 1,206,874
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,965,899

1,866,451

CREDITORS
Amounts falling due after more than
one year

8

(176,501

)

(83,750

)

PROVISIONS FOR LIABILITIES (12,600 ) (8,500 )
NET ASSETS 1,776,798 1,774,201

CAPITAL AND RESERVES
Called up share capital 7,181 7,961
Retained earnings 1,769,617 1,766,240
SHAREHOLDERS' FUNDS 1,776,798 1,774,201

B P U Limited (Registered number: 03723948)

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 15 November 2023 and were signed on its behalf by:





A L Miller - Director


B P U Limited (Registered number: 03723948)

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


1. 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 invoiced value of goods and services supplied by the company, net of value added tax, in relation to audit, accountancy and associated services. Turnover in respect of contracts for uninvoiced ongoing services is recognised by reference to the stage of completion at the year end. This uninvoiced turnover is shown as amounts due from contracts in debtors.

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 - 20% reducing balance
Computer equipment - 33% straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


B P U Limited (Registered number: 03723948)

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


1. 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.

Pension costs
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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2022 - 41 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022 1,003,532
Additions 113,635
At 30 April 2023 1,117,167
AMORTISATION
At 1 May 2022 465,000
Amortisation for year 150,000
At 30 April 2023 615,000
NET BOOK VALUE
At 30 April 2023 502,167
At 30 April 2022 538,532

B P U Limited (Registered number: 03723948)

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


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 May 2022 83,394 53,795 137,189
Additions 424 31,816 32,240
Disposals - (8,516 ) (8,516 )
At 30 April 2023 83,818 77,095 160,913
DEPRECIATION
At 1 May 2022 61,921 36,381 98,302
Charge for year 4,067 13,667 17,734
Eliminated on disposal - (7,448 ) (7,448 )
At 30 April 2023 65,988 42,600 108,588
NET BOOK VALUE
At 30 April 2023 17,830 34,495 52,325
At 30 April 2022 21,473 17,414 38,887

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2022
and 30 April 2023 82,158
NET BOOK VALUE
At 30 April 2023 82,158
At 30 April 2022 82,158

B P U Limited (Registered number: 03723948)

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 1,018,687 914,977
Amounts owed by group undertakings 249,103 28,810
Amounts due from contracts 330,407 245,089
Other debtors & prepayments 90,980 85,835
1,689,177 1,274,711

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans 118,750 75,000
Trade creditors 95,522 60,300
Taxes & social security costs 477,946 461,074
Other creditors & accruals 105,985 91,602
798,203 687,976

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 136,501 43,750
Other creditors 40,000 40,000
176,501 83,750

9. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £255,000 (2022 - £265,000).