BrightAccountsProduction v1.0.0 v1.0.0 2022-12-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is housing development. 30 August 2024 0 0 NI656871 2023-11-30 NI656871 2022-11-30 NI656871 2021-11-30 NI656871 2022-12-01 2023-11-30 NI656871 2021-12-01 2022-11-30 NI656871 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 NI656871 uk-curr:PoundSterling 2022-12-01 2023-11-30 NI656871 uk-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 NI656871 uk-bus:FullAccounts 2022-12-01 2023-11-30 NI656871 uk-core:ShareCapital 2023-11-30 NI656871 uk-core:ShareCapital 2022-11-30 NI656871 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 NI656871 uk-core:RetainedEarningsAccumulatedLosses 2022-11-30 NI656871 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-11-30 NI656871 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-11-30 NI656871 uk-bus:FRS102 2022-12-01 2023-11-30 NI656871 uk-core:PlantMachinery 2022-12-01 2023-11-30 NI656871 uk-core:WithinOneYear 2023-11-30 NI656871 uk-core:WithinOneYear 2022-11-30 NI656871 uk-core:AfterOneYear 2023-11-30 NI656871 uk-core:AfterOneYear 2022-11-30 NI656871 uk-core:EmployeeBenefits 2022-11-30 NI656871 uk-core:EmployeeBenefits 2022-12-01 2023-11-30 NI656871 uk-core:AcceleratedTaxDepreciationDeferredTax 2023-11-30 NI656871 uk-core:TaxLossesCarry-forwardsDeferredTax 2023-11-30 NI656871 uk-core:OtherDeferredTax 2023-11-30 NI656871 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2023-11-30 NI656871 uk-core:EmployeeBenefits 2023-11-30 NI656871 2022-12-01 2023-11-30 NI656871 uk-bus:Director1 2022-12-01 2023-11-30 NI656871 uk-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
Company Registration Number: NI656871
 
 
BC Engineering Ltd
 
Unaudited Financial Statements
 
for the financial year ended 30 November 2023
BC Engineering Ltd
Company Registration Number: NI656871
BALANCE SHEET
as at 30 November 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 5 512 640
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Current Assets
Stocks 6 114,583 112,403
Debtors 7 129 948
Cash and cash equivalents 2 271
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114,714 113,622
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Creditors: amounts falling due within one year 8 (2,056) (2,510)
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Net Current Assets 112,658 111,112
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Total Assets less Current Liabilities 113,170 111,752
 
Creditors:
amounts falling due after more than one year 9 (150,941) (145,069)
 
Provisions for liabilities 11 7,195 6,349
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Net Liabilities (30,576) (26,968)
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Capital and Reserves
Called up share capital 100 100
Retained earnings (30,676) (27,068)
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Equity attributable to owners of the company (30,576) (26,968)
═════════ ═════════
 
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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and 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 financial statements, so far as applicable to the company.
           
Approved by the Director and authorised for issue on 30 August 2024
           
           
________________________________          
Mr. William Duncan          
Director          
           



BC Engineering Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 November 2023

   
1. General Information
 
BC Engineering Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI656871. The registered office of the company is 74 Bunderg Rd, Strabane, Co Tyrone, BT82 8QQ, Northern Ireland which is also the principal place of business of the company. The principal activity of the company is housing development. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 November 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the 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.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Going concern
 
The balance sheet shows a deficiency of assets on a historical cost basis of £30,576. However, as £150,941 of the deficiency has been created by the existence of loans from the director which are not payable in the foreseeable future, it is considered that the preparation of the accounts on the going concern basis is appropriate.
       
4. Employees
 
The average monthly number of employees, including director, during the financial year was 0, (2022 - 0).
       
5. Tangible assets
  Plant and Total
  machinery  
     
  £ £
Cost
At 1 December 2022 1,456 1,456
  ───────── ─────────
 
At 30 November 2023 1,456 1,456
  ───────── ─────────
Depreciation
At 1 December 2022 816 816
Charge for the financial year 128 128
  ───────── ─────────
At 30 November 2023 944 944
  ───────── ─────────
Net book value
At 30 November 2023 512 512
  ═════════ ═════════
At 30 November 2022 640 640
  ═════════ ═════════
       
6. Stocks 2023 2022
  £ £
 
Work in progress 114,583 112,403
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
7. Debtors 2023 2022
  £ £
 
Taxation  (Note 10) 129 948
  ═════════ ═════════
       
8. Creditors 2023 2022
Amounts falling due within one year £ £
 
Trade creditors 556 1,010
Accruals 1,500 1,500
  ───────── ─────────
  2,056 2,510
  ═════════ ═════════
       
9. Creditors 2023 2022
Amounts falling due after more than one year £ £
 
Director's loan accounts 150,941 145,069
  ═════════ ═════════
 
       
10. Taxation 2023 2022
  £ £
 
Debtors:
VAT 129 948
  ═════════ ═════════
           
11. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Losses Total Total
  allowances      
         
      2023 2022
  £ £ £ £
 
At financial year start 122 (6,471) (6,349) (5,554)
Charged to profit and loss (24) (822) (846) (795)
  ───────── ───────── ───────── ─────────
At financial year end 98 (7,293) (7,195) (6,349)
  ═════════ ═════════ ═════════ ═════════
           
12. Related party transactions
 
At the start of the year the director had an opening directors loan account balance of £145,069.  During the year, the company borrowed £10,896 and repaid £5,024 to the director. At the end of the year, the company owes the director £150,941 (2022: £145,069) and this is included in the creditors section of the balance sheet.