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Registered number: 01637144
BSW Building Services Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Manser Hunot Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01637144
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 978,245 1,023,360
Investments 5 87,256 53,090
1,065,501 1,076,450
CURRENT ASSETS
Stocks 6 77,914 93,747
Debtors 7 444,661 399,721
Cash at bank and in hand 806,188 549,301
1,328,763 1,042,769
Creditors: Amounts Falling Due Within One Year 8 (617,741 ) (450,970 )
NET CURRENT ASSETS (LIABILITIES) 711,022 591,799
TOTAL ASSETS LESS CURRENT LIABILITIES 1,776,523 1,668,249
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,134 ) (17,839 )
NET ASSETS 1,773,389 1,650,410
CAPITAL AND RESERVES
Called up share capital 9 100,000 100,000
Share premium account 333,045 333,045
Profit and Loss Account 1,340,344 1,217,365
SHAREHOLDERS' FUNDS 1,773,389 1,650,410
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr John Belliere
Director
03/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
BSW Building Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 01637144 . The registered office is Rock Lodge Vineyard, Scaynes Hill, Haywards Heath, West Sussex, RH17 7NG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 5% Straight Line
Plant & Machinery 25% Straight Line
Motor Vehicles 25% Straight Line
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.5. Taxation - continued
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 34 (2023: 37)
34 37
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 May 2023 1,403,105 50,105 236,178 332,296 2,021,684
Additions - - 20,000 1,423 21,423
Disposals - - (20,000 ) - (20,000 )
As at 30 April 2024 1,403,105 50,105 236,178 333,719 2,023,107
Depreciation
As at 1 May 2023 493,467 46,177 195,672 263,008 998,324
Provided during the period 22,352 1,105 21,241 2,257 46,955
Disposals - - (417 ) - (417 )
As at 30 April 2024 515,819 47,282 216,496 265,265 1,044,862
Net Book Value
As at 30 April 2024 887,286 2,823 19,682 68,454 978,245
As at 1 May 2023 909,638 3,928 40,506 69,288 1,023,360
5. Investments
Other
£
Cost
As at 1 May 2023 53,090
Additions 34,166
As at 30 April 2024 87,256
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 87,256
As at 1 May 2023 53,090
6. Stocks
2024 2023
£ £
Stock 77,914 93,747
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 340,284 124,893
Other debtors 104,377 274,828
444,661 399,721
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 241,192 184,879
Other creditors 100,913 161,394
Taxation and social security 275,636 104,697
617,741 450,970
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100,000 100,000
10. Capital Commitments
2024 2023
£ £
At the end of the period 30,000 30,000
At the end of the period, the company had capital commitments contracted for but not provided in these financial statements
11. Ultimate Controlling Party
The company's ultimate controlling party is J Belliere by virtue of his ownership of 100% of the issued share capital in the company.
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