B S Ductwork Services Limited 08857652 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is ducting works Digita Accounts Production Advanced 6.30.9574.0 true 08857652 2023-02-01 2024-01-31 08857652 2024-01-31 08857652 bus:OrdinaryShareClass1 2024-01-31 08857652 core:CurrentFinancialInstruments 2024-01-31 08857652 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 08857652 bus:SmallEntities 2023-02-01 2024-01-31 08857652 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 08857652 bus:FullAccounts 2023-02-01 2024-01-31 08857652 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08857652 bus:RegisteredOffice 2023-02-01 2024-01-31 08857652 bus:Director1 2023-02-01 2024-01-31 08857652 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 08857652 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08857652 countries:AllCountries 2023-02-01 2024-01-31 08857652 2022-02-01 2023-01-31 08857652 2023-01-31 08857652 bus:OrdinaryShareClass1 2023-01-31 08857652 core:CurrentFinancialInstruments 2023-01-31 08857652 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08857652

B S Ductwork Services Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

B S Ductwork Services Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

B S Ductwork Services Limited

Company Information

Director

B Sacre

Registered office

Suite 1, Scotts Place
24 Scotts Road
Bromley
Kent
BR1 3QD

Accountants

BDK Accountants Ltd
24 Scotts Road
Bromley
Kent
BR1 3QD

 

B S Ductwork Services Limited

(Registration number: 08857652)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

49,010

43,510

Cash at bank and in hand

 

596

570

 

49,606

44,080

Creditors: Amounts falling due within one year

5

(92,559)

(70,575)

Net liabilities

 

(42,953)

(26,495)

Capital and Reserves

 

Called up share capital

6

100

100

Retained Earnings

(43,053)

(26,595)

Shareholders' deficit

 

(42,953)

(26,495)

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 October 2024
 

.........................................
B Sacre
Director

 

B S Ductwork Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Suite 1, Scotts Place
24 Scotts Road
Bromley
Kent
BR1 3QD

These financial statements were authorised for issue by the director on 30 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

B S Ductwork Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Defined benefit pension obligation

Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as age, years of service and compensation.

The liability recognised in the balance sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the reporting date minus the fair value of plan assets. The defined benefit obligation is measured using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future payments by reference to market yields at the reporting date on high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability.

Actuarial gains and losses are charged or credited to other comprehensive income in the period in which they arise.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

B S Ductwork Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Debtors

Current

2024
£

2023
£

Trade Debtors

660

-

Other debtors

48,350

43,510

 

49,010

43,510

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade Creditors

504

109

Taxation and social security

87,549

69,517

Accruals and deferred income

3,025

1,000

Other creditors

1,481

(51)

92,559

70,575

6

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100