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REGISTERED NUMBER: 04636921 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

B V S (WALES) LIMITED

B V S (WALES) LIMITED (REGISTERED NUMBER: 04636921)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B V S (WALES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: J L Davies
Mrs H E Davies





SECRETARY: Mrs H E Davies





REGISTERED OFFICE: 7-8 North Point
Bridgend Industrial Estate
Bridgend
CF31 3RX





REGISTERED NUMBER: 04636921 (England and Wales)





ACCOUNTANTS: Graham Paul Limited
Court House
Court Road
Bridgend
CF31 1BE

B V S (WALES) LIMITED (REGISTERED NUMBER: 04636921)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,981 27,429

CURRENT ASSETS
Stocks 126,330 166,595
Debtors 5 85,349 73,857
Prepayments and accrued income 563 563
Cash at bank and in hand 74,003 123,855
286,245 364,870
CREDITORS
Amounts falling due within one year 6 194,017 209,201
NET CURRENT ASSETS 92,228 155,669
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,209

183,098

CREDITORS
Amounts falling due after more than one
year

7

(102,691

)

(129,402

)

PROVISIONS FOR LIABILITIES (5,127 ) (5,211 )
NET ASSETS 11,391 48,485

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11,291 48,385
SHAREHOLDERS' FUNDS 11,391 48,485

B V S (WALES) LIMITED (REGISTERED NUMBER: 04636921)

BALANCE SHEET - continued
31 MARCH 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

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:





J L Davies - Director


B V S (WALES) LIMITED (REGISTERED NUMBER: 04636921)

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


1. STATUTORY INFORMATION

B V S (Wales) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 of services provided (net of VAT and trade discounts). Income is recognised when the services have been provided and the right to consideration earned.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price, plus any costs directly attributable to bringing the asset to its working condition for intended use.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc- 15% on reducing balance

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 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.

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.

B V S (WALES) LIMITED (REGISTERED NUMBER: 04636921)

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


2. ACCOUNTING POLICIES - continued

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 an auto enrolment pension scheme. Contributions payable to the pension scheme are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 128,392
Additions 3,654
At 31 March 2023 132,046
DEPRECIATION
At 1 April 2022 100,963
Charge for year 4,102
At 31 March 2023 105,065
NET BOOK VALUE
At 31 March 2023 26,981
At 31 March 2022 27,429

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,882 30,814
Other debtors 62,467 43,043
85,349 73,857

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 46,957 92,170
Trade creditors 68,248 26,340
Taxation and social security 72,094 83,448
Other creditors 6,718 7,243
194,017 209,201

B V S (WALES) LIMITED (REGISTERED NUMBER: 04636921)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 102,691 129,402

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
J L Davies and Mrs H E Davies
Balance outstanding at start of year 42,642 25,780
Amounts advanced 62,068 42,642
Amounts repaid (42,642 ) (25,780 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 62,068 42,642