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REGISTERED NUMBER: 01201640 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

B & G FIRE AND SECURITY LTD

B & G FIRE AND SECURITY LTD (Registered number: 01201640)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B & G FIRE AND SECURITY LTD

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mrs P J Selves
N J Selves
S A Tucker
N M Selves





SECRETARY: Mrs P J Selves





REGISTERED OFFICE: 24 Ripon Road
Winton
Bournemouth
Dorset
BH9 1RE





REGISTERED NUMBER: 01201640 (England and Wales)





ACCOUNTANTS: Gervis
6 Wick Lane
Christchurch
Dorset
BH23 1HX

B & G FIRE AND SECURITY LTD (Registered number: 01201640)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 186,000 186,000
Tangible assets 5 36,284 45,355
222,284 231,355

CURRENT ASSETS
Stocks 6 3,890 6,340
Debtors 7 28,416 37,673
Cash at bank 150,190 133,385
182,496 177,398
CREDITORS
Amounts falling due within one year 8 31,123 40,698
NET CURRENT ASSETS 151,373 136,700
TOTAL ASSETS LESS CURRENT
LIABILITIES

373,657

368,055

CREDITORS
Amounts falling due after more than one year 9 22,792 32,672
NET ASSETS 350,865 335,383

CAPITAL AND RESERVES
Called up share capital 11 3,502 3,502
Retained earnings 12 347,363 331,881
SHAREHOLDERS' FUNDS 350,865 335,383

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

B & G FIRE AND SECURITY LTD (Registered number: 01201640)

Balance Sheet - continued
29 February 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 Board of Directors and authorised for issue on 19 July 2024 and were signed on its behalf by:





N M Selves - Director


B & G FIRE AND SECURITY LTD (Registered number: 01201640)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

B & G FIRE AND SECURITY 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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 etc - 20% on reducing balance

Stocks
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 stocks to their present location and condition.

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.


B & G FIRE AND SECURITY LTD (Registered number: 01201640)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 186,000
NET BOOK VALUE
At 29 February 2024 186,000
At 28 February 2023 186,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 62,192
DEPRECIATION
At 1 March 2023 16,837
Charge for year 9,071
At 29 February 2024 25,908
NET BOOK VALUE
At 29 February 2024 36,284
At 28 February 2023 45,355

B & G FIRE AND SECURITY LTD (Registered number: 01201640)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. STOCKS
29.2.24 28.2.23
£    £   
Stock & Work-in-progress 3,890 6,340

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 28,416 37,673

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 12,858 11,105
Tax 3,776 11,640
VAT 11,677 15,187
Directors' current accounts 1,162 1,191
Accrued expenses 1,650 1,575
31,123 40,698

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans (see note 10) 22,792 32,672

10. LOANS

An analysis of the maturity of loans is given below:

29.2.24 28.2.23
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 22,792 32,672

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
3,502 ordinary 1 3,502 3,502

B & G FIRE AND SECURITY LTD (Registered number: 01201640)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

12. RESERVES
Retained
earnings
£   

At 1 March 2023 331,881
Profit for the year 15,482
At 29 February 2024 347,363