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REGISTERED NUMBER: 03323774 (England and Wales)



















Financial Statements

for the Year Ended 31 December 2023

for

BPEC Certification Limited

BPEC Certification Limited (Registered number: 03323774)






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 Certification Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D Wilson - Chairman
D M Antrobus
R Leslie
B Warrender
M Purnell





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





REGISTERED NUMBER: 03323774 (England and Wales)





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

BPEC Certification Limited (Registered number: 03323774)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,625 -

CURRENT ASSETS
Debtors 5 207,420 432,142
Cash at bank 811,253 544,490
1,018,673 976,632
CREDITORS
Amounts falling due within one year 6 360,291 469,268
NET CURRENT ASSETS 658,382 507,364
TOTAL ASSETS LESS CURRENT
LIABILITIES

661,007

507,364

PROVISIONS FOR LIABILITIES 66,474 -
NET ASSETS 594,533 507,364

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 594,433 507,264
594,533 507,364

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 Certification Limited (Registered number: 03323774)

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

1. STATUTORY INFORMATION

BPEC Certification 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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:

Office equipment - 33% straight line
Computer equipment - 50% straight line

Taxation
Taxation for the year is comprised of 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 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.

BPEC Certification Limited (Registered number: 03323774)

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

2. ACCOUNTING POLICIES - continued

Gift aid payment to parent charity
The company pays taxable profits arising in a reporting period to its parent charity under the gift aid scheme to the extent sufficient reserves and/or cash balances exist. These gift aid payments are recognised as distributions to owners in equity within retained earnings.

The company was not legally obligated to make gift aid payments in the reporting period, although the board had indicated its intention to pay any taxable profits to the parent charity subject to reserve and cash balance limitations. Payments are expected to be made within 9 months of the end of the reporting date where applicable.

The accounting policy for gift aid payments results in the company recognising a taxation charge when reporting taxable profits for the year. However, the application of the exception under paragraph 29.14A of FRS 102 provides relief in respect of the accounting for the tax charge. This results in a reduced charge for tax in the profit and loss account. This exception is only applicable as it is probable that the gift aid payment will be made by the company to the parent charity within 9 months of the reporting date.

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 17 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 January 2023 15,452 7,150 22,602
Additions - 3,150 3,150
At 31 December 2023 15,452 10,300 25,752
DEPRECIATION
At 1 January 2023 15,452 7,150 22,602
Charge for year - 525 525
At 31 December 2023 15,452 7,675 23,127
NET BOOK VALUE
At 31 December 2023 - 2,625 2,625
At 31 December 2022 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 137,666 193,368
Other debtors 20,083 198,698
Prepayments and accrued income 49,671 40,076
207,420 432,142

BPEC Certification Limited (Registered number: 03323774)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 20,083 58,927
Amounts owed to group undertakings 81,983 216,458
Social security and other taxes 224,639 164,437
Other creditors 6,404 3,510
Accruals and deferred income 27,182 25,936
360,291 469,268

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 14,780 4,980
Between one and five years 41,083 1,460
55,863 6,440

8. 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

9. RELATED PARTY DISCLOSURES

The ultimate parent company is British Plumbing Employers Council (Training) Limited, a charitable company incorporated in England and Wales. It shares its registered address with BPEC Certification Limited as detailed on page 1. The financial statements of the parent can be obtained from Companies House.

The related undertaking BPEC Services Limited is owned and controlled by SNIPEF Management Limited, a company which has significant influence over British Plumbing Employers Council (Training) Limited. During the year the company was provided with goods and services and recharged costs totalling £72,454 (2022 - £63,227) from BPEC Services Limited. BPEC Certification Limited provided recharges totalling £38,246 (2022 - £912) to BPEC Services Limited. At the balance sheet date the company was owed £6,355 in other creditors (2022 - £27,209 other debtors) from BPEC Services Limited.