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REGISTERED NUMBER: 11109807 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

B.V.S GROUP LIMITED

B.V.S GROUP LIMITED (REGISTERED NUMBER: 11109807)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


B.V.S GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: J Byrne





REGISTERED OFFICE: Unit 32 Nobel Square
Burnt Mills Industrial Estate
Basildon
Essex
SS13 1LJ





REGISTERED NUMBER: 11109807 (England and Wales)





ACCOUNTANTS: Gary Drewery
27 Canewdon Road
Westcliff on Sea
Essex
SS0 7NE

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
B.V.S GROUP LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of B.V.S Group Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of B.V.S Group Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of B.V.S Group Limited and state those matters that we have agreed to state to the director of B.V.S Group Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than B.V.S Group Limited and its director for our work or for this report.

It is your duty to ensure that B.V.S Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of B.V.S Group Limited. You consider that B.V.S Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of B.V.S Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Gary Drewery
27 Canewdon Road
Westcliff on Sea
Essex
SS0 7NE


15 August 2024

B.V.S GROUP LIMITED (REGISTERED NUMBER: 11109807)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,806 20,662

CURRENT ASSETS
Stocks 413,395 544,364
Debtors 5 582,139 763,653
Prepayments and accrued income 17,715 14,508
Cash at bank 63,712 190,684
1,076,961 1,513,209
CREDITORS
Amounts falling due within one year 6 253,093 485,631
NET CURRENT ASSETS 823,868 1,027,578
TOTAL ASSETS LESS CURRENT
LIABILITIES

869,674

1,048,240

CREDITORS
Amounts falling due after more than one
year

7

550,987

766,297
NET ASSETS 318,687 281,943

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 318,587 281,843
318,687 281,943

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 his 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.V.S GROUP LIMITED (REGISTERED NUMBER: 11109807)

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 15 August 2024 and were signed by:





J Byrne - Director


B.V.S GROUP LIMITED (REGISTERED NUMBER: 11109807)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

B.V.S Group 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

B.V.S GROUP LIMITED (REGISTERED NUMBER: 11109807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 65,194
Additions 36,065
At 31 March 2024 101,259
DEPRECIATION
At 1 April 2023 44,532
Charge for year 10,921
At 31 March 2024 55,453
NET BOOK VALUE
At 31 March 2024 45,806
At 31 March 2023 20,662

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 23,990
Additions 36,065
At 31 March 2024 60,055
DEPRECIATION
At 1 April 2023 5,998
Charge for year 8,251
At 31 March 2024 14,249
NET BOOK VALUE
At 31 March 2024 45,806
At 31 March 2023 17,992

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 73,213 572,230
Other debtors 508,926 191,423
582,139 763,653

B.V.S GROUP LIMITED (REGISTERED NUMBER: 11109807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 39,492 5,028
Trade creditors 192,150 183,945
Taxation and social security 7,623 95,904
Other creditors 13,828 200,754
253,093 485,631

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 12,796
Other creditors 550,987 753,501
550,987 766,297