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REGISTERED NUMBER: 13087407 (England and Wales)























Unaudited Financial Statements

for the Period

1 January 2023 to 28 September 2023

for

BWL Professional Bid Services Ltd

BWL Professional Bid Services Ltd (Registered number: 13087407)

Contents of the Financial Statements
for the Period 1 January 2023 to 28 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BWL Professional Bid Services Ltd

Company Information
for the Period 1 January 2023 to 28 September 2023







DIRECTORS: Mr M S Lee





REGISTERED OFFICE: Suite 9 Yarn, Lingfield House
Lingfield Point
Darlington
Co. Durham
DL1 1RW





REGISTERED NUMBER: 13087407 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

BWL Professional Bid Services Ltd (Registered number: 13087407)

Balance Sheet
28 September 2023

28.9.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,839 -

CURRENT ASSETS
Work in progress 34,091 12,231
Debtors 5 130,780 237,585
Cash at bank 84,869 20,971
249,740 270,787
CREDITORS
Amounts falling due within one year 6 169,888 57,232
NET CURRENT ASSETS 79,852 213,555
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,691

213,555

CREDITORS
Amounts falling due after more than one
year

7

(120,000

)

-

PROVISIONS FOR LIABILITIES (919 ) -
NET (LIABILITIES)/ASSETS (36,228 ) 213,555

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (36,229 ) 213,554
(36,228 ) 213,555

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 September 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 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.

BWL Professional Bid Services Ltd (Registered number: 13087407)

Balance Sheet - continued
28 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 2 April 2024 and were signed on its behalf by:





Mr M S Lee - Director


BWL Professional Bid Services Ltd (Registered number: 13087407)

Notes to the Financial Statements
for the Period 1 January 2023 to 28 September 2023


1. STATUTORY INFORMATION

BWL Professional Bid Services Ltd 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.

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 - 33% on cost and 25% on cost

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

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

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.

BWL Professional Bid Services Ltd (Registered number: 13087407)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 28 September 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
Additions 1,810 3,461 5,271
At 28 September 2023 1,810 3,461 5,271
DEPRECIATION
Charge for period 346 86 432
At 28 September 2023 346 86 432
NET BOOK VALUE
At 28 September 2023 1,464 3,375 4,839

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.9.23 31.12.22
£    £   
Trade debtors 100,346 136,820
Amounts owed by group undertakings 30,000 99,058
Other debtors - 1,200
Directors' loan accounts - 114
Prepayments 434 393
130,780 237,585

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.9.23 31.12.22
£    £   
Other loans 30,000 -
Trade creditors 23,396 5,993
Tax 6,191 6,191
Social security and other taxes 21,868 -
VAT 86,808 31,963
Accrued expenses 1,625 13,085
169,888 57,232

BWL Professional Bid Services Ltd (Registered number: 13087407)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 28 September 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.9.23 31.12.22
£    £   
Other loans - 1-2 years 30,000 -
Other loans - 2-5 years 90,000 -
120,000 -

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
28.9.23 31.12.22
£    £   
Within one year 10,582 10,582
Between one and five years 41,323 49,260
51,905 59,842

9. SECURED DEBTS

The following secured debts are included within creditors:

28.9.23 31.12.22
£    £   
Other loans 150,000 -

FW Capital have a debenture dated 27 September 2023 over the borrowings taken.

10. RELATED PARTY DISCLOSURES

During the year the company wrote off inter group loan balances owed by related companies. These transactions were completed prior to the change in ownership. The balances prior to write off at the period end included amounts owed to the company of £285,522 (2022: £99,058) and balances owed to other companies of £NIL (2022: £NIL).

At the year end the company was owed £30,000 from its parent company. The loan was interest free and repayable upon demand.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Tender Holdings Ltd.

The company was acquired by Tender Holdings Ltd from BWL Group (Holdings) Ltd at the balance sheet date.