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REGISTERED NUMBER: 02978578 (England and Wales)



















Financial Statements

for the Year Ended 31 December 2023

for

BPEC Services Limited

BPEC Services Limited (Registered number: 02978578)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BPEC Services Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D Wilson - Chairman
R Hall
R Leslie





REGISTERED OFFICE: 1-2 Mallard Way
Pride Park
Derby
Derbyshire
DE24 8GX





REGISTERED NUMBER: 02978578 (England and Wales)





AUDITORS: Bates Weston Audit Ltd
Statutory Auditors
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

BPEC Services Limited (Registered number: 02978578)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 27,438 33,609
Debtors 5 61,881 82,091
Cash at bank 443,794 407,577
533,113 523,277
CREDITORS
Amounts falling due within one year 6 69,994 122,448
NET CURRENT ASSETS 463,119 400,829
TOTAL ASSETS LESS CURRENT
LIABILITIES

463,119

400,829

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 463,019 400,729
463,119 400,829

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





D Wilson - Chairman - Director


BPEC Services Limited (Registered number: 02978578)

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

1. STATUTORY INFORMATION

BPEC Services 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
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 33% on cost
Office and computer equipment - 50% on cost or 33% 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 Profit and Loss Account, 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 is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing difference 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

BPEC Services Limited (Registered number: 02978578)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Office
Fixtures and
and computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 990 3,378 4,368
DEPRECIATION
At 1 January 2023
and 31 December 2023 990 3,378 4,368
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 53,860 76,266
Other debtors 6,221 5,425
Prepayments and accrued income 1,800 400
61,881 82,091

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 25,945 18,526
Tax 23,832 24,818
Social security and other taxes 3,952 3,641
Other creditors 996 13,425
Owed to related parties 8,031 55,703
Accruals and deferred income 7,238 6,335
69,994 122,448

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Wayne Thomas FCA (Senior Statutory Auditor)
for and on behalf of Bates Weston Audit Ltd

BPEC Services Limited (Registered number: 02978578)

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

8. RELATED PARTY DISCLOSURES

During the year the company recharged costs totalling £917 (2022 - £1,641) to British Plumbing Employers Council (Training) Limited, a charity under significant influence of SNIPEF Management Limited. British Plumbing Employers Council (Training) Limited charged the company for services provided, recharges and rent totalling £173,901 (2022 - £151,238). The company also made a £28,125 (2022 - £50,000) donation to the charity during the year. At the balance sheet date the company owed £7,963 (2022 - £27,140) to the British Plumbing Employers Council (Training) Limited.

During the year the company provided goods and services and recharged costs totalling £72,454 (2022 - £63,227) to BPEC Certification Limited, a wholly owned subsidiary of British Plumbing Employers Council (Training) Limited. BPEC Certification Limited recharged costs to the company totalling £38,246 (2022 - £912). At the balance sheet date the company owed £68 (2022 - £28,563) to BPEC Certification Limited.