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REGISTERED NUMBER: 05823947 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

B G Legal Services Limited

B G Legal Services Limited (Registered number: 05823947)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


B G Legal Services Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: J J Burkill
Ms M McCormack
D C F Hutchinson





SECRETARY: J J Burkill





REGISTERED OFFICE: 2 Maritime House
The Hart
Farnham
Surrey
GU9 7HW





REGISTERED NUMBER: 05823947 (England and Wales)





ACCOUNTANTS: Branston Adams
Suite 2, Victoria House
South Street
Farnham
Surrey
GU9 7QU

B G Legal Services Limited (Registered number: 05823947)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,000 40,000
Tangible assets 5 1,932 2,575
31,932 42,575

CURRENT ASSETS
Stocks 1,000 36,000
Debtors 6 60,211 31,288
61,211 67,288
CREDITORS
Amounts falling due within one year 7 91,764 87,728
NET CURRENT LIABILITIES (30,553 ) (20,440 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,379

22,135

CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Retained earnings 179 20,935
SHAREHOLDERS' FUNDS 1,379 22,135

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 1 February 2024 and were signed on its behalf by:





J J Burkill - Director


B G Legal Services Limited (Registered number: 05823947)

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

1. STATUTORY INFORMATION

B G Legal Services 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.

Turnover
Turnover represents income derived from the normal activities of the business, after accounting for value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2006, is being amortised evenly over its useful estimated life of 20 years.

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 etc - 25% on reducing balance

Stocks
Stocks comprise work in progress which is valued at the lower of cost and net realisable value and in line with the requirements set out under UITF40.

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.

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 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 5 (2022 - 4 ) .

B G Legal Services Limited (Registered number: 05823947)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 200,000
AMORTISATION
At 1 August 2022 160,000
Charge for year 10,000
At 31 July 2023 170,000
NET BOOK VALUE
At 31 July 2023 30,000
At 31 July 2022 40,000

Goodwill arose on the purchase in 2006 of Burkill Govier, an unincorporated business in which three of the directors were partners. Goodwill is being fully amortised over 20 years as in the opinion of the directors' this represents a reasonable estimate of the period in which the company will derive a direct economic benefit from the acquired business.

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 37,227
DEPRECIATION
At 1 August 2022 34,652
Charge for year 643
At 31 July 2023 35,295
NET BOOK VALUE
At 31 July 2023 1,932
At 31 July 2022 2,575

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 21,056 29,333
Other debtors 39,155 1,955
60,211 31,288

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 65,098 51,193
Trade creditors 643 643
Taxation and social security 10,847 6,772
Other creditors 15,176 29,120
91,764 87,728

B G Legal Services Limited (Registered number: 05823947)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank overdrafts 65,098 51,193

The bank overdraft facilities are secured by way of personal guarantees provided by the directors - J Burkill (£35,000) and J Parker (£35,000).

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J Burkill, Mr J Parker and Ms MMcCormack.

The company was under the control of Mr J Burkill, Mr J Parker and Ms M McCormack throughout the period. There is no ultimate controlling party.