2023-02-012024-01-312024-01-31falseSC685758B2 PROJECTS LTD.2024-04-2343999iso4217:GBPxbrli:pureSC6857582023-02-01SC6857582024-01-31SC6857582023-02-012024-01-31SC6857582022-02-01SC6857582023-01-31SC6857582022-02-012023-01-31SC685758bus:SmallEntities2023-02-012024-01-31SC685758bus:AuditExempt-NoAccountantsReport2023-02-012024-01-31SC685758bus:FullAccounts2023-02-012024-01-31SC685758bus:PrivateLimitedCompanyLtd2023-02-012024-01-31SC685758core:WithinOneYear2024-01-31SC685758core:AfterOneYear2024-01-31SC685758core:WithinOneYear2023-01-31SC685758core:AfterOneYear2023-01-31SC685758core:ShareCapital2024-01-31SC685758core:SharePremium2024-01-31SC685758core:RevaluationReserve2024-01-31SC685758core:OtherReservesSubtotal2024-01-31SC685758core:RetainedEarningsAccumulatedLosses2024-01-31SC685758core:ShareCapital2023-01-31SC685758core:SharePremium2023-01-31SC685758core:RevaluationReserve2023-01-31SC685758core:OtherReservesSubtotal2023-01-31SC685758core:RetainedEarningsAccumulatedLosses2023-01-31SC685758core:LandBuildings2024-01-31SC685758core:PlantMachinery2024-01-31SC685758core:Vehicles2024-01-31SC685758core:FurnitureFittings2024-01-31SC685758core:OfficeEquipment2024-01-31SC685758core:NetGoodwill2024-01-31SC685758core:IntangibleAssetsOtherThanGoodwill2024-01-31SC685758core:ListedExchangeTraded2024-01-31SC685758core:UnlistedNon-exchangeTraded2024-01-31SC685758core:LandBuildings2023-01-31SC685758core:PlantMachinery2023-01-31SC685758core:Vehicles2023-01-31SC685758core:FurnitureFittings2023-01-31SC685758core:OfficeEquipment2023-01-31SC685758core:NetGoodwill2023-01-31SC685758core:IntangibleAssetsOtherThanGoodwill2023-01-31SC685758core:ListedExchangeTraded2023-01-31SC685758core:UnlistedNon-exchangeTraded2023-01-31SC685758core:LandBuildings2023-02-012024-01-31SC685758core:PlantMachinery2023-02-012024-01-31SC685758core:Vehicles2023-02-012024-01-31SC685758core:FurnitureFittings2023-02-012024-01-31SC685758core:OfficeEquipment2023-02-012024-01-31SC685758core:NetGoodwill2023-02-012024-01-31SC685758core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-31SC685758core:ListedExchangeTraded2023-02-012024-01-31SC685758core:UnlistedNon-exchangeTraded2023-02-012024-01-31SC685758core:MoreThanFiveYears2023-02-012024-01-31SC685758core:Non-currentFinancialInstruments2024-01-31SC685758core:Non-currentFinancialInstruments2023-01-31SC685758dpl:CostSales2023-02-012024-01-31SC685758dpl:DistributionCosts2023-02-012024-01-31SC685758core:LandBuildings2023-02-012024-01-31SC685758core:PlantMachinery2023-02-012024-01-31SC685758core:Vehicles2023-02-012024-01-31SC685758core:FurnitureFittings2023-02-012024-01-31SC685758core:OfficeEquipment2023-02-012024-01-31SC685758dpl:AdministrativeExpenses2023-02-012024-01-31SC685758core:NetGoodwill2023-02-012024-01-31SC685758core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-31SC685758dpl:GroupUndertakings2023-02-012024-01-31SC685758dpl:ParticipatingInterests2023-02-012024-01-31SC685758dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-31SC685758core:ListedExchangeTraded2023-02-012024-01-31SC685758dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-31SC685758core:UnlistedNon-exchangeTraded2023-02-012024-01-31SC685758dpl:CostSales2022-02-012023-01-31SC685758dpl:DistributionCosts2022-02-012023-01-31SC685758core:LandBuildings2022-02-012023-01-31SC685758core:PlantMachinery2022-02-012023-01-31SC685758core:Vehicles2022-02-012023-01-31SC685758core:FurnitureFittings2022-02-012023-01-31SC685758core:OfficeEquipment2022-02-012023-01-31SC685758dpl:AdministrativeExpenses2022-02-012023-01-31SC685758core:NetGoodwill2022-02-012023-01-31SC685758core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-31SC685758dpl:GroupUndertakings2022-02-012023-01-31SC685758dpl:ParticipatingInterests2022-02-012023-01-31SC685758dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-31SC685758core:ListedExchangeTraded2022-02-012023-01-31SC685758dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-31SC685758core:UnlistedNon-exchangeTraded2022-02-012023-01-31SC685758core:NetGoodwill2024-01-31SC685758core:IntangibleAssetsOtherThanGoodwill2024-01-31SC685758core:LandBuildings2024-01-31SC685758core:PlantMachinery2024-01-31SC685758core:Vehicles2024-01-31SC685758core:FurnitureFittings2024-01-31SC685758core:OfficeEquipment2024-01-31SC685758core:AfterOneYear2024-01-31SC685758core:WithinOneYear2024-01-31SC685758core:ListedExchangeTraded2024-01-31SC685758core:UnlistedNon-exchangeTraded2024-01-31SC685758core:ShareCapital2024-01-31SC685758core:SharePremium2024-01-31SC685758core:RevaluationReserve2024-01-31SC685758core:OtherReservesSubtotal2024-01-31SC685758core:RetainedEarningsAccumulatedLosses2024-01-31SC685758core:NetGoodwill2023-01-31SC685758core:IntangibleAssetsOtherThanGoodwill2023-01-31SC685758core:LandBuildings2023-01-31SC685758core:PlantMachinery2023-01-31SC685758core:Vehicles2023-01-31SC685758core:FurnitureFittings2023-01-31SC685758core:OfficeEquipment2023-01-31SC685758core:AfterOneYear2023-01-31SC685758core:WithinOneYear2023-01-31SC685758core:ListedExchangeTraded2023-01-31SC685758core:UnlistedNon-exchangeTraded2023-01-31SC685758core:ShareCapital2023-01-31SC685758core:SharePremium2023-01-31SC685758core:RevaluationReserve2023-01-31SC685758core:OtherReservesSubtotal2023-01-31SC685758core:RetainedEarningsAccumulatedLosses2023-01-31SC685758core:NetGoodwill2022-02-01SC685758core:IntangibleAssetsOtherThanGoodwill2022-02-01SC685758core:LandBuildings2022-02-01SC685758core:PlantMachinery2022-02-01SC685758core:Vehicles2022-02-01SC685758core:FurnitureFittings2022-02-01SC685758core:OfficeEquipment2022-02-01SC685758core:AfterOneYear2022-02-01SC685758core:WithinOneYear2022-02-01SC685758core:ListedExchangeTraded2022-02-01SC685758core:UnlistedNon-exchangeTraded2022-02-01SC685758core:ShareCapital2022-02-01SC685758core:SharePremium2022-02-01SC685758core:RevaluationReserve2022-02-01SC685758core:OtherReservesSubtotal2022-02-01SC685758core:RetainedEarningsAccumulatedLosses2022-02-01SC685758core:AfterOneYear2023-02-012024-01-31SC685758core:WithinOneYear2023-02-012024-01-31SC685758core:Non-currentFinancialInstrumentscore:CostValuation2023-02-012024-01-31SC685758core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-02-012024-01-31SC685758core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-02-012024-01-31SC685758core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-02-012024-01-31SC685758core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-02-012024-01-31SC685758core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-02-012024-01-31SC685758core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-02-012024-01-31SC685758core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-02-012024-01-31SC685758core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-02-012024-01-31SC685758core:Non-currentFinancialInstrumentscore:CostValuation2024-01-31SC685758core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-01-31SC685758core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-01-31SC685758core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-01-31SC685758core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-01-31SC685758core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-01-31SC685758core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-01-31SC685758core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-01-31SC685758core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-01-31SC685758core:Non-currentFinancialInstrumentscore:CostValuation2023-01-31SC685758core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-31SC685758core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-31SC685758core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-31SC685758core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-31SC685758core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-31SC685758core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-31SC685758core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-31SC685758core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-31SC685758bus:Director12023-02-012024-01-31SC685758bus:Director22023-02-012024-01-31

B2 PROJECTS LTD.

Registered Number
SC685758
(Scotland)

Unaudited Financial Statements for the Year ended
31 January 2024

B2 PROJECTS LTD.
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

CONNELLY, Brian Kirson
WILKIE, Bryan Hugh

Registered Address

20 Anderson Street
Airdrie
ML6 0AA

Registered Number

SC685758 (Scotland)
B2 PROJECTS LTD.
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3129,87298,388
129,87298,388
Current assets
Stocks445,50038,305
Debtors460,553175,158
Cash at bank and on hand236,279254,691
742,332468,154
Creditors amounts falling due within one year5(234,488)(134,833)
Net current assets (liabilities)507,844333,321
Total assets less current liabilities637,716431,709
Creditors amounts falling due after one year6(54,711)(70,264)
Provisions for liabilities8(32,468)(18,694)
Net assets550,537342,751
Capital and reserves
Called up share capital100100
Profit and loss account550,437342,651
Shareholders' funds550,537342,751
The financial statements were approved and authorised for issue by the Board of Directors on 23 April 2024, and are signed on its behalf by:
CONNELLY, Brian Kirson
Director
WILKIE, Bryan Hugh
Director

Registered Company No. SC685758
B2 PROJECTS LTD.
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year93
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Office Equipment

Total

£££££
Cost or valuation
At 01 February 23-5,179117,26213,341135,782
Additions20,0008,32228,4205,75462,496
At 31 January 2420,00013,501145,68219,095198,278
Depreciation and impairment
At 01 February 23-84834,7711,77537,394
Charge for year-2,09225,7903,13031,012
At 31 January 24-2,94060,5614,90568,406
Net book value
At 31 January 2420,00010,56185,12114,190129,872
At 31 January 23-4,33182,49111,56698,388
4.Stocks

2024

2023

££
Work in progress44,00036,805
Other stocks1,5001,500
Total45,50038,305
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables103,28229,532
Taxation and social security115,07390,918
Other creditors14,6256,305
Accrued liabilities and deferred income1,5088,078
Total234,488134,833
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts14,75715,517
Other creditors39,95454,747
Total54,71170,264
7.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts39,95454,747
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)32,46818,694
Total32,46818,694
9.Related party transactions
As of 31 December 2023 the company is owed £106,156 from Hugh Kirson Development Ltd, companies under the control of the Directors of B2 Projects Ltd.