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REGISTERED NUMBER: SC650769 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

BLV Group Limited

BLV Group Limited (Registered number: SC650769)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLV Group Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Dr L Gibson





REGISTERED OFFICE: 5 Main Street
Bothwell
G71 8RD





REGISTERED NUMBER: SC650769 (Scotland)





ACCOUNTANTS: Dental Accountants Scotland Ltd
Specialist Dental Accountants & Advisors
Cornerstone House
Station Road
Selkirk
Borders
TD7 5DJ

BLV Group Limited (Registered number: SC650769)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 212,840 243,070
Tangible assets 5 131,408 145,037
344,248 388,107

CURRENT ASSETS
Debtors 6 85,863 62,796
Cash at bank 183,522 151,319
269,385 214,115
CREDITORS
Amounts falling due within one year 7 124,670 112,437
NET CURRENT ASSETS 144,715 101,678
TOTAL ASSETS LESS CURRENT
LIABILITIES

488,963

489,785

CREDITORS
Amounts falling due after more than one
year

8

(459,048

)

(489,631

)

PROVISIONS FOR LIABILITIES 9 (29,716 ) -
NET ASSETS 199 154

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 99 54
SHAREHOLDERS' FUNDS 199 154

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

BLV Group Limited (Registered number: SC650769)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 8 August 2024 and were signed by:





Dr L Gibson - Director


BLV Group Limited (Registered number: SC650769)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

BLV Group 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, 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.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 25% on reducing balance

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

BLV Group Limited (Registered number: SC650769)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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 year was 11 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 302,300
AMORTISATION
At 1 April 2023 59,230
Charge for year 30,230
At 31 March 2024 89,460
NET BOOK VALUE
At 31 March 2024 212,840
At 31 March 2023 243,070

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 22,214 252,335 12,455 287,004
Additions - - 2,604 2,604
At 31 March 2024 22,214 252,335 15,059 289,608
DEPRECIATION
At 1 April 2023 8,604 128,097 5,266 141,967
Charge for year 1,361 12,424 2,448 16,233
At 31 March 2024 9,965 140,521 7,714 158,200
NET BOOK VALUE
At 31 March 2024 12,249 111,814 7,345 131,408
At 31 March 2023 13,610 124,238 7,189 145,037

BLV Group Limited (Registered number: SC650769)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 81,615 59,675
Prepayments and accrued income 4,248 3,121
85,863 62,796

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 28,620 26,657
Tax 37,233 23,524
Social security and other taxes (198 ) -
Pension control 471 2,759
Directors' current accounts 43,178 57,292
Accrued expenses 15,366 2,205
124,670 112,437

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - more tham 1 years 459,048 489,631

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 29,716 -

Deferred
tax
£   
Charge to Income Statement during year 29,716
Balance at 31 March 2024 29,716

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary shares 1 100 100

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director loaned the company monies. At the year end the company was due the director £43,178 (2023 - £57,292). There are no specific repayment terms and no interest has been charged.