Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.52022-12-01No description of principal activity5truetrue 11028434 2022-12-01 2023-11-30 11028434 2021-12-01 2022-11-30 11028434 2023-11-30 11028434 2022-11-30 11028434 c:Director2 2022-12-01 2023-11-30 11028434 d:PlantMachinery 2022-12-01 2023-11-30 11028434 d:PlantMachinery 2023-11-30 11028434 d:PlantMachinery 2022-11-30 11028434 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11028434 d:MotorVehicles 2022-12-01 2023-11-30 11028434 d:MotorVehicles 2023-11-30 11028434 d:MotorVehicles 2022-11-30 11028434 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11028434 d:FurnitureFittings 2022-12-01 2023-11-30 11028434 d:FurnitureFittings 2023-11-30 11028434 d:FurnitureFittings 2022-11-30 11028434 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11028434 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11028434 d:CurrentFinancialInstruments 2023-11-30 11028434 d:CurrentFinancialInstruments 2022-11-30 11028434 d:Non-currentFinancialInstruments 2023-11-30 11028434 d:Non-currentFinancialInstruments 2022-11-30 11028434 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 11028434 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 11028434 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 11028434 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 11028434 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 11028434 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-11-30 11028434 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 11028434 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-11-30 11028434 d:ShareCapital 2023-11-30 11028434 d:ShareCapital 2022-11-30 11028434 d:CapitalRedemptionReserve 2023-11-30 11028434 d:CapitalRedemptionReserve 2022-11-30 11028434 d:RetainedEarningsAccumulatedLosses 2023-11-30 11028434 d:RetainedEarningsAccumulatedLosses 2022-11-30 11028434 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-11-30 11028434 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-11-30 11028434 c:FRS102 2022-12-01 2023-11-30 11028434 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11028434 c:FullAccounts 2022-12-01 2023-11-30 11028434 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11028434 2 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 11028434









BGR SURFACING LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
BGR SURFACING LTD
REGISTERED NUMBER: 11028434

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
375,098
373,064

  
375,098
373,064

Current assets
  

Stocks
  
34,313
78,107

Debtors: amounts falling due within one year
 5 
476,990
377,163

Cash at bank and in hand
 6 
96,484
101,244

  
607,787
556,514

Creditors: amounts falling due within one year
 7 
(432,813)
(430,261)

Net current assets
  
 
 
174,974
 
 
126,253

Total assets less current liabilities
  
550,072
499,317

Creditors: amounts falling due after more than one year
 8 
(223,159)
(274,297)

Provisions for liabilities
  

Deferred tax
  
(73,214)
(70,883)

  
 
 
(73,214)
 
 
(70,883)

Net assets
  
253,699
154,137


Capital and reserves
  

Called up share capital 
  
100
100

Capital redemption reserve
  
(65,000)
(65,000)

Profit and loss account
  
318,599
219,037

  
253,699
154,137


Page 1

 
BGR SURFACING LTD
REGISTERED NUMBER: 11028434
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 August 2024.




................................................
Paul Baker
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BGR SURFACING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

BGR Surfacing Limited is a private company limited by shares, registered in the United Kingdom number
11028434. Its registered office is 100 Argyle Street, Heywood, Rochdale, OL10 3SP.
The principal activity of the company during the period was that of  surfacing contractors.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
BGR SURFACING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

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.

Page 4

 
BGR SURFACING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

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

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).

Page 5

 
BGR SURFACING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 December 2022
410,482
118,194
15,206
543,882


Additions
15,750
48,400
-
64,150


Disposals
(8,995)
(27,700)
-
(36,695)



At 30 November 2023

417,237
138,894
15,206
571,337



Depreciation


At 1 December 2022
100,620
68,264
1,932
170,816


Charge for the year on owned assets
31,971
15,679
1,993
49,643


Disposals
(3,093)
(21,127)
-
(24,220)



At 30 November 2023

129,498
62,816
3,925
196,239



Net book value



At 30 November 2023
287,739
76,078
11,281
375,098



At 30 November 2022
309,861
49,930
13,273
373,064


5.


Debtors

2023
2022
£
£


Trade debtors
447,534
316,668

Other debtors
29,456
60,495

476,990
377,163


Page 6

 
BGR SURFACING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
96,484
101,244

96,484
101,244



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
121,735
116,955

Trade creditors
150,852
153,093

Other taxation and social security
38,675
61,700

Obligations under finance lease and hire purchase contracts
72,731
62,911

Other creditors
43,615
24,728

Accruals and deferred income
5,205
10,874

432,813
430,261



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
179,033
252,456

Net obligations under finance leases and hire purchase contracts
44,126
21,841

223,159
274,297


Page 7

 
BGR SURFACING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
121,735
116,955


121,735
116,955

Amounts falling due 1-2 years

Bank loans
86,500
116,090


86,500
116,090

Amounts falling due 2-5 years

Bank loans
92,535
136,368


92,535
136,368


300,770
369,413



10.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
96,484
101,244




11.


Pension commitments

 
Page 8