01 December 2022 30 November 2023 No principle activity is included 08291849 2022-12-01 08291849 2023-11-30 08291849 2022-12-01 2023-11-30 08291849 2022-11-30 08291849 2021-12-01 2022-11-30 08291849 uk-core:WithinOneYear 2023-11-30 08291849 uk-core:WithinOneYear 2022-11-30 08291849 uk-core:ShareCapital 2023-11-30 08291849 uk-core:ShareCapital 2022-11-30 08291849 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 08291849 uk-core:RetainedEarningsAccumulatedLosses 2022-11-30 08291849 uk-bus:Director1 2022-12-01 2023-11-30 08291849 uk-curr:PoundSterling 2022-12-01 2023-11-30 08291849 uk-core:PlantMachinery 2022-12-01 2023-11-30 08291849 uk-core:Vehicles 2022-12-01 2023-11-30 08291849 uk-core:FurnitureFittings 2022-12-01 2023-11-30 08291849 uk-core:OfficeEquipment 2022-12-01 2023-11-30 08291849 uk-core:VehiclesPlantMachinery 2022-11-30 08291849 uk-core:FurnitureFittingsToolsEquipment 2022-11-30 08291849 uk-core:VehiclesPlantMachinery 2022-12-01 2023-11-30 08291849 uk-core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 08291849 uk-core:VehiclesPlantMachinery 2023-11-30 08291849 uk-core:FurnitureFittingsToolsEquipment 2023-11-30 08291849 uk-bus:FRS102 2022-12-01 2023-11-30 08291849 uk-bus:FullAccounts 2022-12-01 2023-11-30 08291849 uk-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 08291849 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  B & G PROPERTY RENOVATIONS LTD
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 30 NOVEMBER 2023
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  B & G PROPERTY RENOVATIONS LTD
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 30 NOVEMBER 2023
       
       
  DIRECTORS
       
  Mr Baljinder Lidder
  Mrs Gurdip Lidder
       
       
  SECRETARY
       
  Mr Baljinder Lidder
       
  REGISTERED OFFICE
       
  The Dial, West Lane, Hitchin, Hertfordshire, SG5 3QP
       
       
  COMPANY REGISTERED NUMBER
       
  08291849
       
       
  BANKERS
       
  Natwest Bank plc
       
       
  ACCOUNTANTS
       
  Haartwells Limited
  Chartered Certified Accountants
  25 Park Street West
Luton
Bedfordshire
LU1 3BE
       
  page 1
  B & G PROPERTY RENOVATIONS LTD
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 30 NOVEMBER 2023
       
       
       
  CONTENTS
       
  Pages
       
       
  3 Statement of Financial Position  
       
       
  4-6 Notes to the Financial Statements  
       
     
  page 2
  B & G PROPERTY RENOVATIONS LTD
  Company registered number: 08291849
  STATEMENT OF FINANCIAL POSITION AT 30 November 2023
           
    Note 2023 2022
      £ £ £
  FIXED ASSETS
  Property, plant and equipment 3 5,038 8,122
  CURRENT ASSETS    
  Debtors 4 - 18,750
  Cash at bank and in hand   23,186 10,398
      23,186 29,148
  CREDITORS: Amounts falling due within one year 5 9,724 19,982
  NET CURRENT ASSETS   13,462 9,166
  NET ASSETS   £18,500 £17,288
       
  CAPITAL AND RESERVES
  Called up share capital   2 2
  Retained earnings   18,498 17,286
  SHAREHOLDERS' FUNDS   £18,500 £17,288
       
       
       
  In approving these financial statements as directors of the company we hereby confirm the following:
       
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
       
  The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
  These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
       
  The financial statements were approved and authorised for issue by the board of directors on 27 August 2024
 
  Signed on behalf of the board of directors
 
 
       
  Mr Baljinder Lidder, Director
       
       
  The notes on pages 4-6 form part of these financial statements
   
  page 3
  B & G PROPERTY RENOVATIONS LTD
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 30 NOVEMBER 2023
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  B & G Property Renovations Ltd is a Private Limted Company incorporated in England and Wales..
         
  The company's registered number and registered office address can be found on the Company Information page.
         
  These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 December 2022.
         
  The transition to FRS 102 has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in notes and below. These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
         
 
         
  Basis of accounting
         
 
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
1c. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
         
1d. Borrowing costs
         
  Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
         
 
         
1e. Taxation
         
         
  Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
       
1f. Property, plant and equipment
       
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
       
  Plant and machinery Reducing balance 20%  
  Vehicles Reducing balance 25%  
  Fixtures and fittings Reducing balance 25%  
  Equipment Reducing balance 25%  
  The notes on pages 4-6 form part of these financial statements
   
  page 4
  B & G PROPERTY RENOVATIONS LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 NOVEMBER 2023
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1g. Inventories
         
  Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.
         
         
1h. Short term debtors and creditors
         
  Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.
         
         
1i. Cash and cash equivalents
         
  Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.
         
 
         
1j. Interest bearing borrowings
         
  All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.
         
       
       
2. DIRECTORS AND EMPLOYEES
       
  The average weekly number of employees during the year were as follows:
    2023 2022
  Management and administration 1 1
  Production and sales 1 1
    2 2
   
  The notes on pages 4-6 form part of these financial statements
   
  page 5
  B & G PROPERTY RENOVATIONS LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 NOVEMBER 2023
         
3. PROPERTY, PLANT AND EQUIPMENT
    Plant & Fixtures &  
    Machinery Equipment Total
    £ £ £
  Cost
         
  At 1 December 2022 29,237 1,650 30,887
         
  Disposals (10,995) - (10,995)
  At 30 November 2023 18,242 1,650 19,892
   
  Depreciation
         
  At 1 December 2022 21,208 1,557 22,765
  Disposals (9,527) - (9,527)
  For the year 1,593 23 1,616
  At 30 November 2023 13,274 1,580 14,854
   
  Net Book Amounts
         
  At 30 November 2023 4,968 70 5,038
  At 30 November 2022 8,029 93 8,122
   
       
       
4. DEBTORS 2023 2022
    £ £
  Trade debtors - 18,750
    £- £18,750
   
       
       
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2023 2022
    £ £
  Trade creditors 1,112 8,866
  Corporation tax 2,052 3,285
  Other creditors 4,760 6,250
  Accruals and deferred income 1,800 1,581
    £9,724 £19,982
   
       
  The notes on pages 4-6 form part of these financial statements
   
  page 6