IRIS Accounts Production v24.1.9.2 02866801 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false A Ordinary 1.00000 B Non Voting 1.00000 C Non Voting 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh028668012022-12-31028668012023-12-31028668012023-01-012023-12-31028668012021-12-31028668012022-01-012022-12-31028668012022-12-3102866801ns15:EnglandWales2023-01-012023-12-3102866801ns14:PoundSterling2023-01-012023-12-3102866801ns10:Director12023-01-012023-12-3102866801ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3102866801ns10:SmallEntities2023-01-012023-12-3102866801ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3102866801ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3102866801ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3102866801ns10:FullAccounts2023-01-012023-12-3102866801ns10:OrdinaryShareClass12023-01-012023-12-3102866801ns10:OrdinaryShareClass22023-01-012023-12-3102866801ns10:OrdinaryShareClass32023-01-012023-12-3102866801ns10:Director22023-01-012023-12-3102866801ns10:CompanySecretary12023-01-012023-12-3102866801ns10:RegisteredOffice2023-01-012023-12-3102866801ns5:CurrentFinancialInstruments2023-12-3102866801ns5:CurrentFinancialInstruments2022-12-3102866801ns5:ShareCapital2023-12-3102866801ns5:ShareCapital2022-12-3102866801ns5:RetainedEarningsAccumulatedLosses2023-12-3102866801ns5:RetainedEarningsAccumulatedLosses2022-12-3102866801ns5:PlantMachinery2023-01-012023-12-3102866801ns5:FurnitureFittings2023-01-012023-12-3102866801ns5:ComputerEquipment2023-01-012023-12-3102866801ns5:PlantMachinery2022-12-3102866801ns5:FurnitureFittings2022-12-3102866801ns5:ComputerEquipment2022-12-3102866801ns5:PlantMachinery2023-12-3102866801ns5:FurnitureFittings2023-12-3102866801ns5:ComputerEquipment2023-12-3102866801ns5:PlantMachinery2022-12-3102866801ns5:FurnitureFittings2022-12-3102866801ns5:ComputerEquipment2022-12-3102866801ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3102866801ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3102866801ns5:DeferredTaxation2022-12-3102866801ns5:DeferredTaxation2023-01-012023-12-3102866801ns5:DeferredTaxation2023-12-3102866801ns10:OrdinaryShareClass12023-12-3102866801ns10:OrdinaryShareClass22023-12-3102866801ns10:OrdinaryShareClass32023-12-31
REGISTERED NUMBER: 02866801 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2023

for

B P Systems Limited

B P Systems Limited (Registered number: 02866801)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


B P Systems Limited

Company Information
for the Year Ended 31st December 2023







DIRECTORS: P Musgrove
Mrs J A Musgrove





SECRETARY: Mrs J A Musgrove





REGISTERED OFFICE: Unit 3 Chrysalis Way
Langley Bridge Industrial Estate
Eastwood
Nottinghamshire
NG16 3RY





REGISTERED NUMBER: 02866801 (England and Wales)

B P Systems Limited (Registered number: 02866801)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,079 5,376

CURRENT ASSETS
Debtors 5 161,237 101,152
Cash at bank 157,716 229,348
318,953 330,500
CREDITORS
Amounts falling due within one year 6 105,535 128,637
NET CURRENT ASSETS 213,418 201,863
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,497

207,239

PROVISIONS FOR LIABILITIES 7 1,155 1,021
NET ASSETS 218,342 206,218

CAPITAL AND RESERVES
Called up share capital 8 300 300
Retained earnings 218,042 205,918
SHAREHOLDERS' FUNDS 218,342 206,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

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 21st August 2024 and were signed on its behalf by:



P Musgrove - Director


B P Systems Limited (Registered number: 02866801)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

B P Systems Limited 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Office equipment - 15% 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.

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 5 (2022 - 4 ) .

B P Systems Limited (Registered number: 02866801)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Office
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st January 2023 5,769 15,374 21,109 42,252
Additions - - 1,771 1,771
At 31st December 2023 5,769 15,374 22,880 44,023
DEPRECIATION
At 1st January 2023 5,687 15,068 16,121 36,876
Charge for year 12 46 1,010 1,068
At 31st December 2023 5,699 15,114 17,131 37,944
NET BOOK VALUE
At 31st December 2023 70 260 5,749 6,079
At 31st December 2022 82 306 4,988 5,376

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 159,573 99,525
Other debtors 1,664 1,627
161,237 101,152

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 17,996 16,001
Taxation and social security 59,486 67,654
Other creditors 28,053 44,982
105,535 128,637

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,155 1,021

Deferred
tax
£   
Balance at 1st January 2023 1,021
Provided during year 134
Movement
Balance at 31st December 2023 1,155

B P Systems Limited (Registered number: 02866801)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 A Ordinary £1 100 100
100 B Non Voting £1 100 100
100 C Non Voting £1 100 100
300 300