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REGISTERED NUMBER: 02205560 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2023 to 31 December 2023

for

Building Services Group Limited

Building Services Group Limited (Registered number: 02205560)






Contents of the Financial Statements
for the Period 1 April 2023 to 31 December 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 8


Building Services Group Limited

Company Information
for the Period 1 April 2023 to 31 December 2023







DIRECTORS: A R Wing-King
B S Gandhum





REGISTERED OFFICE: Cape House
60a Priory Road
Tonbridge
Kent
TN9 2BL





REGISTERED NUMBER: 02205560 (England and Wales)





ACCOUNTANTS: Charcroft Baker LLP
Chartered Accountants
5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Building Services Group Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Building Services Group Limited for the period ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Building Services Group Limited, as a body, in accordance with the terms of our engagement letter dated 29 April 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Building Services Group Limited and state those matters that we have agreed to state to the Board of Directors of Building Services Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Building Services Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Building Services Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Building Services Group Limited. You consider that Building Services Group Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Building Services Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charcroft Baker LLP
Chartered Accountants
5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD


15 April 2024

Building Services Group Limited (Registered number: 02205560)

Balance Sheet
31 December 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,616 7,846

CURRENT ASSETS
Stocks 5 10,000 25,000
Debtors 6 439,747 506,154
Cash at bank and in hand 106 252
449,853 531,406
CREDITORS
Amounts falling due within one year 7 227,841 259,415
NET CURRENT ASSETS 222,012 271,991
TOTAL ASSETS LESS CURRENT
LIABILITIES

228,628

279,837

CREDITORS
Amounts falling due after more than one
year

8

(63,334

)

(93,333

)

PROVISIONS FOR LIABILITIES (860 ) (1,031 )
NET ASSETS 164,434 185,473

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 154,434 175,473
SHAREHOLDERS' FUNDS 164,434 185,473

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

Building Services Group Limited (Registered number: 02205560)

Balance Sheet - continued
31 December 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 15 April 2024 and were signed on its behalf by:





A R Wing-King - Director


Building Services Group Limited (Registered number: 02205560)

Notes to the Financial Statements
for the Period 1 April 2023 to 31 December 2023

1. STATUTORY INFORMATION

Building Services 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.

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.

Revenue is recognised in turnover on long-term contracts when the final outcome can be estimated reliably by reference to the stage of completion of the contract.

Rental revenue received under operating leases is recognised on a straight line basis over the period of the lease.

Tangible fixed assets
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.
Office equipment - 33% on reducing balance and 15% on reducing balance

Taxation
Taxation for the period 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 period 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
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.

Building Services Group Limited (Registered number: 02205560)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

Going concern
The ultimate parent company has provided cashflow injections in the year along with the business maintaining an overdraft facility to assist in future financing should there be any further deterioration in the economy.

At the time of approving the financial statements the company is forecasting an improved outturn against last year's accounts and the directors have reasonable expectations that the company has now turned a corner and that the company has adequate resources to continue based on a much improved secured pipeline and has taken and continues to take appropriate measures to continue to monitor its cost base against forecast income. The directors therefore deem it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2023
and 31 December 2023 130,263
DEPRECIATION
At 1 April 2023 122,417
Charge for period 1,230
At 31 December 2023 123,647
NET BOOK VALUE
At 31 December 2023 6,616
At 31 March 2023 7,846

5. STOCKS

20232023
£   £   

Work-in-progress long term contract balances10,00025,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade debtors 148,265 231,904
Amounts owed by group undertakings 264,275 264,275
Other debtors 27,207 9,975
439,747 506,154

Building Services Group Limited (Registered number: 02205560)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Bank loans and overdrafts 64,639 54,386
Trade creditors 44,776 58,735
Amounts owed to group undertakings 17,431 45,000
Social security and other taxes 41,255 66,920
Other creditors 45,990 20,300
Accruals and deferred income 13,750 14,074
227,841 259,415

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2023
£    £   
Bank loans - 1-2 years 40,000 40,000
Bank loans - 2-5 years 23,334 53,333
63,334 93,333

9. LEASING AGREEMENTS
At the year end the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £34,226 (March 2023 : £34,566).

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2023
£    £   
Bank overdraft 24,697 -
Bank loans 103,276 133,333
127,973 133,333

Bank loans and overdrafts are secured by way of a fixed and floating charge over all current and future assets of the business.

11. RELATED PARTY DISCLOSURES

BSG Holdings Limited
Included in debtors is £264,275 (March 2023 : £264,275) due from BSG Holdings Limited, the immediate parent company. The loan is interest free, unsecured and repayable on demand.

Syntegra Consulting Ltd
Included in trade creditors is £33,699 (March 2023 : £32,379) owed to the ultimate parent Syntegra Consulting Ltd.

Included in trade debtors is £990 (March 2023 : £31,860) owed from the ultimate parent Syntegra Consulting Ltd.

Included in creditors amounts falling due within one year is £17,431 (March 2023 : £45,000) owed to the ultimate parent Syntegra Consulting Ltd. The loan is interest free, unsecured and repayable on demand.

Building Services Group Limited (Registered number: 02205560)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 December 2023

12. ULTIMATE CONTROLLING PARTY

The company's immediate controlling party is the parent company, BSG Holdings Limited, which owns 100% of the issued shared capital.

The ultimate controlling party is A R Wing-King, who controls Syntegra Consulting Ltd, the ultimate parent company.