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Registered number: 13332360
BSWB LIMITED
Unaudited Financial Statements
For The Year Ended 30 April 2023
WK & CO ACCOUNTANTS LIMITED
Chartered Certified Accountants
28 Blackwood Road
Sutton Coldfield
B74 3PH
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13332360
30 April 2023 30 April 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 157,559 -
157,559 -
CURRENT ASSETS
Stocks 5 3,500 -
Debtors 6 46,952 -
Cash at bank and in hand 112,520 100
162,972 100
Creditors: Amounts Falling Due Within One Year 7 (267,909 ) -
NET CURRENT ASSETS (LIABILITIES) (104,937 ) 100
TOTAL ASSETS LESS CURRENT LIABILITIES 52,622 100
NET ASSETS 52,622 100
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 52,522 -
SHAREHOLDERS' FUNDS 52,622 100
Page 1
Page 2
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Talha Masood
Director
13/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
BSWB LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 13332360 . The registered office is 91 Soho Hill, Birmingham, B19 1AY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold On straight line basis over 10 years
Plant & Machinery 15% on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2022: NIL)
23 -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 May 2022 -
Additions 170,226
As at 30 April 2023 170,226
Depreciation
As at 1 May 2022 -
Provided during the period 12,667
As at 30 April 2023 12,667
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 April 2023 157,559
As at 1 May 2022 -
5. Stocks
30 April 2023 30 April 2022
£ £
Stock 3,500 -
6. Debtors
30 April 2023 30 April 2022
£ £
Due within one year
Trade debtors 15,792 -
Other debtors 31,160 -
46,952 -
7. Creditors: Amounts Falling Due Within One Year
30 April 2023 30 April 2022
£ £
Trade creditors 26,670 -
Other creditors 209,260 -
Taxation and social security 31,979 -
267,909 -
8. Share Capital
30 April 2023 30 April 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4