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REGISTERED NUMBER: SC306285 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

BQI GROUP LIMITED

BQI GROUP LIMITED (REGISTERED NUMBER: SC306285)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BQI GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: A S Brown





SECRETARY:





REGISTERED OFFICE: Aglo Business Centre
Glenearn Road
Perth
PH2 0NJ





REGISTERED NUMBER: SC306285 (Scotland)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

BQI GROUP LIMITED (REGISTERED NUMBER: SC306285)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,071 100,518
Investments 5 4 4
72,075 100,522

CURRENT ASSETS
Debtors 6 4,124,719 2,876,951
Cash at bank 1,379,215 1,296,369
5,503,934 4,173,320
CREDITORS
Amounts falling due within one year 7 4,312,804 3,753,672
NET CURRENT ASSETS 1,191,130 419,648
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,263,205

520,170

CREDITORS
Amounts falling due after more than one
year

8

(54,014

)

(58,770

)

PROVISIONS FOR LIABILITIES 9 (15,200 ) -
NET ASSETS 1,193,991 461,400

CAPITAL AND RESERVES
Called up share capital 10 76 76
Capital redemption reserve 24 24
Retained earnings 1,193,891 461,300
SHAREHOLDERS' FUNDS 1,193,991 461,400

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

BQI GROUP LIMITED (REGISTERED NUMBER: SC306285)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2024 and were signed by:





A S Brown - Director


BQI GROUP LIMITED (REGISTERED NUMBER: SC306285)

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

1. STATUTORY INFORMATION

BQI Group Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents commission and fees earned on business written.

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 15% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

BQI GROUP LIMITED (REGISTERED NUMBER: SC306285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued

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.

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

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.

Investments
Investments in subsidiary undertakings are stated at cost less any provisions for impairment in value.

Going concern
After reviewing the latest financial information, the directors are satisfied that the company has adequate resources to continue as a going concern for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2022 - 48 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 221,027
Additions 12,397
Disposals (13,003 )
At 31 October 2023 220,421
DEPRECIATION
At 1 November 2022 120,509
Charge for year 40,844
Eliminated on disposal (13,003 )
At 31 October 2023 148,350
NET BOOK VALUE
At 31 October 2023 72,071
At 31 October 2022 100,518

BQI GROUP LIMITED (REGISTERED NUMBER: SC306285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 44,475
DEPRECIATION
At 1 November 2022 13,343
Charge for year 6,671
At 31 October 2023 20,014
NET BOOK VALUE
At 31 October 2023 24,461
At 31 October 2022 31,132

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2022
and 31 October 2023 120,004
PROVISIONS
At 1 November 2022
and 31 October 2023 120,000
NET BOOK VALUE
At 31 October 2023 4
At 31 October 2022 4

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,991,483 1,840,226
Amounts owed by group undertakings 966,260 1,004,351
Other debtors 1,166,976 32,374
4,124,719 2,876,951

BQI GROUP LIMITED (REGISTERED NUMBER: SC306285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 49,304 57,413
Hire purchase contracts 11,325 12,354
Trade creditors 2,934,272 2,775,026
Amounts owed to group undertakings 32,953 -
Taxation and social security 487,206 453,967
Other creditors 797,744 454,912
4,312,804 3,753,672

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 16,514 26,612
Hire purchase contracts - 11,325
Other creditors 37,500 20,833
54,014 58,770

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 15,200 -

Deferred
tax
£   
Provided during year 15,200
Balance at 31 October 2023 15,200

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
76 Ordinary £1 76 76

11. ULTIMATE CONTROLLING PARTY

Mr S P Quinn and Mr A S Brown are the company's controlling parties by virtue of their ownership of 100% of the share capital of the company.