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REGISTERED NUMBER: 02458552 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

B.G. PAVERS LIMITED

B.G. PAVERS LIMITED (REGISTERED NUMBER: 02458552)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B.G. PAVERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTOR: T Fagan





SECRETARY: Mrs G Fagan





REGISTERED OFFICE: Bannister Hall Works
Higher Walton
Preston
Lancashire
PR5 4DZ





REGISTERED NUMBER: 02458552 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Chartered Accountants
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

B.G. PAVERS LIMITED (REGISTERED NUMBER: 02458552)

BALANCE SHEET
30TH JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,378 22,065

CURRENT ASSETS
Stocks 1,564,488 1,592,704
Debtors 5 497,451 400,940
Cash in hand 4 8
2,061,943 1,993,652
CREDITORS
Amounts falling due within one year 6 778,956 864,641
NET CURRENT ASSETS 1,282,987 1,129,011
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,294,365

1,151,076

CREDITORS
Amounts falling due after more than one
year

7

(136,111

)

-

PROVISIONS FOR LIABILITIES - (1,123 )
NET ASSETS 1,158,254 1,149,953

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,158,154 1,149,853
SHAREHOLDERS' FUNDS 1,158,254 1,149,953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

B.G. PAVERS LIMITED (REGISTERED NUMBER: 02458552)

BALANCE SHEET - continued
30TH JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1st October 2024 and were signed by:





T Fagan - Director


B.G. PAVERS LIMITED (REGISTERED NUMBER: 02458552)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023


1. STATUTORY INFORMATION

B.G. Pavers 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
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.
Improvements to property - 2% on cost
Plant and machinery - 8% and 25% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% 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 Income Statement, 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
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.

B.G. PAVERS LIMITED (REGISTERED NUMBER: 02458552)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 21 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st July 2022
and 30th June 2023 7,992 186,990 115,913 104,381 415,276
DEPRECIATION
At 1st July 2022 480 183,980 113,851 94,900 393,211
Charge for year 160 3,010 673 6,844 10,687
At 30th June 2023 640 186,990 114,524 101,744 403,898
NET BOOK VALUE
At 30th June 2023 7,352 - 1,389 2,637 11,378
At 30th June 2022 7,512 3,010 2,062 9,481 22,065

B.G. PAVERS LIMITED (REGISTERED NUMBER: 02458552)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st July 2022 17,695
Transfer to ownership (17,695 )
At 30th June 2023 -
DEPRECIATION
At 1st July 2022 11,797
Charge for year 4,424
Transfer to ownership (16,221 )
At 30th June 2023 -
NET BOOK VALUE
At 30th June 2023 -
At 30th June 2022 5,898

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 38,094 34,229
Amounts owed by group undertakings 392,631 256,948
Other debtors 66,726 109,763
497,451 400,940

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 441,817 473,389
Hire purchase contracts - 1,797
Trade creditors 111,189 129,245
Taxation and social security 193,973 240,304
Other creditors 31,977 19,906
778,956 864,641

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 136,111 -

B.G. PAVERS LIMITED (REGISTERED NUMBER: 02458552)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.6.23 30.6.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans 2,778 -

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank overdrafts 408,484 473,389
Bank loans 169,444 -
Hire purchase contracts - 1,797
577,928 475,186

The bank overdraft and loan is secured by a fixed and floating charge over the assets of the company.

Hire purchase contracts are secured on the assets to which they relate.