IRIS Accounts Production v23.3.0.418 SC633815 Board of Directors Board of Directors 1.10.22 30.9.23 30.9.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6338152022-09-30SC6338152023-09-30SC6338152022-10-012023-09-30SC6338152021-09-30SC6338152021-10-012022-09-30SC6338152022-09-30SC633815ns10:Originalns15:Scotland2022-10-012023-09-30SC633815ns14:PoundSterlingns10:Original2022-10-012023-09-30SC633815ns10:Originalns10:Director12022-10-012023-09-30SC633815ns10:Original2022-10-012023-09-30SC633815ns10:Originalns10:Director22022-10-012023-09-30SC633815ns10:Original2023-09-30SC633815ns10:Originalns10:PrivateLimitedCompanyLtd2022-10-012023-09-30SC633815ns10:Originalns10:SmallEntities2022-10-012023-09-30SC633815ns10:Originalns10:AuditExempt-NoAccountantsReport2022-10-012023-09-30SC633815ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-30SC633815ns10:SmallCompaniesRegimeForAccountsns10:Original2022-10-012023-09-30SC633815ns10:Originalns10:FullAccounts2022-10-012023-09-30SC633815ns10:Original12022-10-012023-09-30SC633815ns10:Originalns10:Director32022-10-012023-09-30SC633815ns10:Originalns10:RegisteredOffice2022-10-012023-09-30SC633815ns10:Original2022-09-30SC633815ns10:Originalns5:CurrentFinancialInstruments2023-09-30SC633815ns10:Originalns5:CurrentFinancialInstruments2022-09-30SC633815ns10:Originalns5:Non-currentFinancialInstruments2023-09-30SC633815ns10:Originalns5:Non-currentFinancialInstruments2022-09-30SC633815ns5:ShareCapitalns10:Original2023-09-30SC633815ns5:ShareCapitalns10:Original2022-09-30SC633815ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-09-30SC633815ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-09-30SC633815ns10:Originalns5:NetGoodwill2022-10-012023-09-30SC633815ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-10-012023-09-30SC633815ns10:Original2021-10-012022-09-30SC633815ns10:Originalns5:NetGoodwill2022-09-30SC633815ns10:Originalns5:NetGoodwill2023-09-30SC633815ns10:Originalns5:NetGoodwill2022-09-30SC633815ns10:Originalns5:LandBuildings2022-09-30SC633815ns10:Originalns5:PlantMachinery2022-09-30SC633815ns10:Original2022-09-30SC633815ns10:Originalns5:LandBuildings2022-10-012023-09-30SC633815ns10:Originalns5:PlantMachinery2022-10-012023-09-30SC633815ns10:Originalns5:LandBuildings2023-09-30SC633815ns10:Originalns5:PlantMachinery2023-09-30SC633815ns10:Originalns5:LandBuildings2022-09-30SC633815ns10:Originalns5:PlantMachinery2022-09-30SC633815ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-09-30SC633815ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-10-012023-09-30SC633815ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-09-30SC633815ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-09-30SC633815ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-30SC633815ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-30SC633815ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-30SC633815ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-30SC633815ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2023-09-30SC633815ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2022-09-30SC633815ns10:Originalns5:HirePurchaseContracts2023-09-30SC633815ns10:Originalns5:HirePurchaseContracts2022-09-30SC633815ns10:Originalns5:WithinOneYear2023-09-30SC633815ns10:Originalns5:WithinOneYear2022-09-30
REGISTERED NUMBER: SC633815 (Scotland)













Unaudited Financial Statements

for the Year Ended 30 September 2023

for

BSL Interiors Limited

BSL Interiors Limited (Registered number: SC633815)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BSL Interiors Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mrs K Hopper
A McMahon
J Boyle





REGISTERED OFFICE: The Old School
189 Old Shettleston Road
Glasgow
G32 7HN





REGISTERED NUMBER: SC633815 (Scotland)





ACCOUNTANTS: Gerber Landa & Gee
Chartered Accountants
Pavilion 1
Finnieston Business Park
Minerva Way
GLASGOW
G3 8AU

BSL Interiors Limited (Registered number: SC633815)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 50,452 58,860
Tangible assets 5 531,024 148,470
581,476 207,330

CURRENT ASSETS
Stocks 31,809 10,682
Debtors 6 1,001,160 710,696
Cash at bank 1,188,267 719,721
2,221,236 1,441,099
CREDITORS
Amounts falling due within one year 7 1,384,044 914,088
NET CURRENT ASSETS 837,192 527,011
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,418,668

734,341

CREDITORS
Amounts falling due after more than one
year

8

(272,766

)

(42,390

)

PROVISIONS FOR LIABILITIES (30,415 ) (37,118 )
NET ASSETS 1,115,487 654,833

CAPITAL AND RESERVES
Called up share capital 250 250
Retained earnings 1,115,237 654,583
SHAREHOLDERS' FUNDS 1,115,487 654,833

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

BSL Interiors Limited (Registered number: SC633815)

Balance Sheet - continued
30 September 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 19 February 2024 and were signed on its behalf by:




J Boyle - Director



Mrs K Hopper - Director


BSL Interiors Limited (Registered number: SC633815)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

BSL Interiors Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover from contracting and service activities represents the value of work carried out during the year, including amounts not invoiced, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using effective interest method.

Cash and Cash equivalents
Cash and cash equivalents are basic financial assets and include cash on hand and deposits held at call with banks and bank overdrafts.


BSL Interiors Limited (Registered number: SC633815)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued
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
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.

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.

Amounts recoverable on contracts
Amounts recoverable on contracts represents the excess of the value of work carried out to the balance sheet date (which has been recorded as turnover) over the cumulative payments on account. This valuation follows the process of contract revenue recognition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2022 - 38 ) .

BSL Interiors Limited (Registered number: SC633815)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 84,084
AMORTISATION
At 1 October 2022 25,224
Charge for year 8,408
At 30 September 2023 33,632
NET BOOK VALUE
At 30 September 2023 50,452
At 30 September 2022 58,860

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022 - 272,659 272,659
Additions 417,719 68,645 486,364
Disposals - (9,334 ) (9,334 )
At 30 September 2023 417,719 331,970 749,689
DEPRECIATION
At 1 October 2022 - 124,189 124,189
Charge for year 8,354 93,123 101,477
Eliminated on disposal - (7,001 ) (7,001 )
At 30 September 2023 8,354 210,311 218,665
NET BOOK VALUE
At 30 September 2023 409,365 121,659 531,024
At 30 September 2022 - 148,470 148,470

BSL Interiors Limited (Registered number: SC633815)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2022 85,000
Additions 40,305
At 30 September 2023 125,305
DEPRECIATION
At 1 October 2022 21,250
Charge for year 31,326
At 30 September 2023 52,576
NET BOOK VALUE
At 30 September 2023 72,729
At 30 September 2022 63,750

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 867,855 544,951
Other debtors 133,305 165,745
1,001,160 710,696

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 20,928 4,260
Hire purchase contracts (see note 9) 24,903 14,903
Trade creditors 638,070 295,700
Taxation and social security 377,821 342,035
Other creditors 322,322 257,190
1,384,044 914,088

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 242,029 12,583
Hire purchase contracts (see note 9) 30,737 29,807
272,766 42,390

BSL Interiors Limited (Registered number: SC633815)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.9.23 30.9.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 166,660 -

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.9.23 30.9.22
£    £   
Net obligations repayable:
Within one year 24,903 14,903
Between one and five years 30,737 29,807
55,640 44,710

Non-cancellable operating leases
30.9.23 30.9.22
£    £   
Within one year - 11,667