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Registered number: NI674168










BSG-AGW GROUP LTD










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
BSG-AGW GROUP LTD
REGISTERED NUMBER: NI674168

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,728,962
431,871

  
1,728,962
431,871

Creditors: amounts falling due within one year
 5 
(1,728,862)
(431,771)

Net current assets
  
 
 
100
 
 
100

Total assets less current liabilities
  
100
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
  
100
100

  
100
100


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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 September 2024.




Seamus Gerald Gillan
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
BSG-AGW GROUP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

BSG-AGW Group Ltd is a private company limited by shares incorporated in Northern Ireland. The registered office is 6 Bank Square, Maghera, Co. Derry, Northern Ireland, BT46 5AZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).

Page 2

 
BSG-AGW GROUP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Debtors

2023
2022
£
£


Trade debtors
1,288,446
78,092

Amounts owed by group undertakings
440,516
353,779

1,728,962
431,871


Amounts owed by group undertakings are interest free, repayable on demand and unsecured.


5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
1,288,446
78,092

Other taxation and social security
440,416
353,679

1,728,862
431,771


Amounts owed to group undertakings are interest free, repayable on demand and unsecured.


6.


Controlling party

The immediate parent undertaking is BSG Civil Engineering Limited a company registered in Northern Ireland. The ultimate parent undertaking is BSG Holdco Ltd, a company registered in Northern Ireland. 
The largest and smallest group of undertakings of which the company is a member, and for which group financial statements are prepared is BSG Holdco Ltd. Copies of the group financial statements are available from 6 Bank Square, Maghera, Co Derry, BT46 5AZ.
There is deemed to be no ultimate controlling party by virtue of a split in the shareholding of the parent company BSG Holdco Ltd. 


7.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 5 September 2024 by Deborah Mullen (Senior statutory auditor) on behalf of AAB Group Accountants Limited.


Page 3