IRIS Accounts Production v23.3.0.418 05090486 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure050904862022-03-31050904862023-03-31050904862022-04-012023-03-31050904862021-03-31050904862021-04-012022-03-31050904862022-03-3105090486ns16:EnglandWales2022-04-012023-03-3105090486ns15:PoundSterling2022-04-012023-03-3105090486ns11:Director12022-04-012023-03-3105090486ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3105090486ns11:SmallEntities2022-04-012023-03-3105090486ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3105090486ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3105090486ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3105090486ns11:FullAccounts2022-04-012023-03-3105090486ns11:Director22022-04-012023-03-3105090486ns11:CompanySecretary12022-04-012023-03-3105090486ns11:RegisteredOffice2022-04-012023-03-3105090486ns6:CurrentFinancialInstruments2023-03-3105090486ns6:CurrentFinancialInstruments2022-03-3105090486ns6:Non-currentFinancialInstruments2023-03-3105090486ns6:Non-currentFinancialInstruments2022-03-3105090486ns6:ShareCapital2023-03-3105090486ns6:ShareCapital2022-03-3105090486ns6:RetainedEarningsAccumulatedLosses2023-03-3105090486ns6:RetainedEarningsAccumulatedLosses2022-03-3105090486ns6:PlantMachinery2022-04-012023-03-3105090486ns6:FurnitureFittings2022-04-012023-03-3105090486ns6:MotorVehicles2022-04-012023-03-3105090486ns6:ComputerEquipment2022-04-012023-03-3105090486ns6:PlantMachinery2022-03-3105090486ns6:FurnitureFittings2022-03-3105090486ns6:MotorVehicles2022-03-3105090486ns6:ComputerEquipment2022-03-3105090486ns6:PlantMachinery2023-03-3105090486ns6:FurnitureFittings2023-03-3105090486ns6:MotorVehicles2023-03-3105090486ns6:ComputerEquipment2023-03-3105090486ns6:PlantMachinery2022-03-3105090486ns6:FurnitureFittings2022-03-3105090486ns6:MotorVehicles2022-03-3105090486ns6:ComputerEquipment2022-03-3105090486ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-03-3105090486ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-03-3105090486ns6:LeasedAssetsHeldAsLessee2022-03-3105090486ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-04-012023-03-3105090486ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-04-012023-03-3105090486ns6:LeasedAssetsHeldAsLessee2022-04-012023-03-3105090486ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2023-03-3105090486ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2023-03-3105090486ns6:LeasedAssetsHeldAsLessee2023-03-3105090486ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-03-3105090486ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-03-3105090486ns6:LeasedAssetsHeldAsLessee2022-03-3105090486ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3105090486ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: 05090486 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

BPL ENGINEERING GROUP LIMITED

BPL ENGINEERING GROUP LIMITED (REGISTERED NUMBER: 05090486)

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


BPL ENGINEERING GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M D Adams
M Adams





SECRETARY: M A Adams





REGISTERED OFFICE: Corner Oak
1 Homer Road
Solihull
B91 3QG





REGISTERED NUMBER: 05090486 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
Corner Oak
1 Homer Road
Solihull
B91 3QG

BPL ENGINEERING GROUP LIMITED (REGISTERED NUMBER: 05090486)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,010,432 2,303,719

CURRENT ASSETS
Stocks 250,000 250,000
Debtors 5 1,745,472 2,796,447
Cash at bank and in hand 153,944 205,604
2,149,416 3,252,051
CREDITORS
Amounts falling due within one year 6 1,942,680 2,758,692
NET CURRENT ASSETS 206,736 493,359
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,217,168

2,797,078

CREDITORS
Amounts falling due after more than one
year

7

(298,564

)

(533,509

)

PROVISIONS FOR LIABILITIES (610,997 ) (479,519 )
NET ASSETS 2,307,607 1,784,050

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 2,307,597 1,784,040
SHAREHOLDERS' FUNDS 2,307,607 1,784,050

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.

BPL ENGINEERING GROUP LIMITED (REGISTERED NUMBER: 05090486)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 1 December 2023 and were signed on its behalf by:





M D Adams - Director


BPL ENGINEERING GROUP LIMITED (REGISTERED NUMBER: 05090486)

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


1. STATUTORY INFORMATION

BPL Engineering Group 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 25% 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.

BPL ENGINEERING GROUP LIMITED (REGISTERED NUMBER: 05090486)

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


2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 39 (2022 - 31 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 4,977,757 27,918 244,204 43,500 5,293,379
Additions 1,182,755 33,389 122,129 13,736 1,352,009
Disposals (865 ) - (55,960 ) - (56,825 )
At 31 March 2023 6,159,647 61,307 310,373 57,236 6,588,563
DEPRECIATION
At 1 April 2022 2,904,262 9,489 75,909 - 2,989,660
Charge for year 558,454 10,956 46,974 683 617,067
Eliminated on disposal (616 ) - (27,980 ) - (28,596 )
At 31 March 2023 3,462,100 20,445 94,903 683 3,578,131
NET BOOK VALUE
At 31 March 2023 2,697,547 40,862 215,470 56,553 3,010,432
At 31 March 2022 2,073,495 18,429 168,295 43,500 2,303,719

BPL ENGINEERING GROUP LIMITED (REGISTERED NUMBER: 05090486)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 1,121,550 216,376 1,337,926
Additions - 89,230 89,230
Disposals - (55,960 ) (55,960 )
At 31 March 2023 1,121,550 249,646 1,371,196
DEPRECIATION
At 1 April 2022 653,938 48,081 702,019
Charge for year 168,233 46,426 214,659
Eliminated on disposal - (27,980 ) (27,980 )
At 31 March 2023 822,171 66,527 888,698
NET BOOK VALUE
At 31 March 2023 299,379 183,119 482,498
At 31 March 2022 467,612 168,295 635,907

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,702,888 2,772,430
Amounts owed by group undertakings 407 407
Other debtors 42,177 23,610
1,745,472 2,796,447

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 241,671 296,917
Trade creditors 457,409 627,234
Amounts owed to group undertakings 607,175 977,467
Taxation and social security 160,299 374,854
Other creditors 476,126 482,220
1,942,680 2,758,692

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 298,564 533,509

BPL ENGINEERING GROUP LIMITED (REGISTERED NUMBER: 05090486)

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


8. SECURED DEBTS

Nortrust Nominees Limited hold a charge dated 11 February 2011 over the assets of the company.

HSBC Bank PLC hold a charge dated 15 February 2018 over the assets of the company.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is BPL Engineering Holdings Limited.