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REGISTERED NUMBER: 03029892 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

B. S. Project Engineering Limited

B. S. Project Engineering Limited (Registered number: 03029892)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B. S. Project Engineering Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: B E Shaughnessy





SECRETARY: W A Shaughnessy





REGISTERED OFFICE: 63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ





REGISTERED NUMBER: 03029892 (England and Wales)





ACCOUNTANTS: Clifford Roberts
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

B. S. Project Engineering Limited (Registered number: 03029892)

Balance Sheet
31 May 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 2,278 6,855

CURRENT ASSETS
Stocks 2,280 3,260
Debtors 5 13,091 46,480
Cash at bank 115,886 104,898
131,257 154,638
CREDITORS
Amounts falling due within one year 6 21,160 42,722
NET CURRENT ASSETS 110,097 111,916
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,375

118,771

PROVISIONS FOR LIABILITIES 569 1,715
NET ASSETS 111,806 117,056

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 111,804 117,054
SHAREHOLDERS' FUNDS 111,806 117,056

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

B. S. Project Engineering Limited (Registered number: 03029892)

Balance Sheet - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2023 and were signed by:





B E Shaughnessy - Director


B. S. Project Engineering Limited (Registered number: 03029892)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

B. S. Project Engineering 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

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% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

B. S. Project Engineering Limited (Registered number: 03029892)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 June 2022
and 31 May 2023 115,919 2,881 36,799 839 156,438
DEPRECIATION
At 1 June 2022 109,235 2,880 36,798 670 149,583
Charge for year 4,521 - - 56 4,577
At 31 May 2023 113,756 2,880 36,798 726 154,160
NET BOOK VALUE
At 31 May 2023 2,163 1 1 113 2,278
At 31 May 2022 6,684 1 1 169 6,855

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 13,091 32,267
Other debtors - 14,213
13,091 46,480

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 3,131 17,760
Taxation and social security 14,844 21,864
Other creditors 3,185 3,098
21,160 42,722

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
2 Ordinary £1 2 2

B. S. Project Engineering Limited (Registered number: 03029892)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£ £
B E Shaughnessy
Balance outstanding at start of year 14,213 2,095
Amounts advanced 5,505 28,633
Amounts repaid (20,881 ) (16,515 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,163 ) 14,213

The director's overdrawn loan account is interest bearing and was repaid within 9 months of the company's financial year end.