Registration number:
BSN (SW) Ltd
for the Year Ended 31 January 2024
BSN (SW) Ltd
(Registration number: 10373052)
Balance Sheet as at 31 January 2024
Note |
2024 |
2023 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
|
|
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Other financial assets |
- |
4,475 |
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|
|
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Current assets |
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Debtors |
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|
|
Cash at bank and in hand |
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|
|
|
|
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
|
|
|
Capital and reserves |
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Called up share capital |
100 |
100 |
|
Retained earnings |
204,990 |
550,293 |
|
Shareholders' funds |
205,090 |
550,393 |
BSN (SW) Ltd
(Registration number: 10373052)
Balance Sheet as at 31 January 2024
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.
Directors' responsibilities:
• |
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• |
The directors acknowledge 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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BSN (SW) Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales..
The address of its registered office is:
These financial statements were authorised for issue by the
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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
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.
The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.
Revenue recognition
Turnover represents amounts chargeable in respect of the sale of goods and services net of value added tax.
Goods sold are recognised upon the completion of the transaction on the delivery of the goods.
Hire sales are recognised straight line over the term of the lease agreements.
Tax
The tax expense for the period comprises current and deferred 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 group operates and generates taxable income.
BSN (SW) Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the consolidated financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Motor vehicles |
25% reducing balance |
Office equipment |
25% straight line |
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the group’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Intangible assets
Other Intangibles assets are recognised initially at cost which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through the profit and loss when they can otherwise be measured reliably.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Other investments |
Remeasured to fair value at each reporting date |
Other intangible assets |
Not amortised as the residual value exceeds the cost. |
Staff numbers |
The average number of persons employed by the company (including directors) during the year was
BSN (SW) Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024
Intangible assets |
Other investments |
Other intangible assets |
Total |
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Cost or valuation |
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At 1 February 2023 |
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- |
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Revaluations |
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- |
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Additions acquired separately |
- |
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At 31 January 2024 |
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Amortisation |
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Carrying amount |
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At 31 January 2024 |
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At 31 January 2023 |
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- |
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The director has assessed the valuation of the other investments and considers that the market value as at 31 January 2024 is £435.
BSN (SW) Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024
Tangible assets |
Office equipment |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 February 2023 |
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Additions |
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At 31 January 2024 |
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Depreciation |
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At 1 February 2023 |
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Charge for the year |
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At 31 January 2024 |
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Carrying amount |
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At 31 January 2024 |
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At 31 January 2023 |
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Debtors |
2024 |
2023 |
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Trade debtors |
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Other debtors |
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Creditors |
Due within one year |
Note |
2024 |
2023 |
Loans and borrowings |
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Trade creditors |
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Social security and other taxes |
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Other creditors |
|
- |
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Accruals |
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Corporation tax liability |
108,719 |
148,158 |
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Due after one year |
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Loans and borrowings |
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BSN (SW) Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024
Loans and borrowings |
Non-current loans and borrowings
2024 |
2023 |
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Bank borrowings |
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Hire purchase contracts |
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Current loans and borrowings
2024 |
2023 |
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Bank borrowings |
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Hire purchase contracts |
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The hire purchase contracts are secured against the assets to which they relate.
Related party transactions |
Included in other debtors due within one year are loans advanced to related companies amounting to £222,017 (2023: £507,693). The loans are interest free and repayable on demand.
The company is a third party guarantee in respect of a loan between Barclays Bank and a related company. The guarantee is in the form of a fixed and floating charge over the assets of the company.
BSN (SW) Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024
Loans to related parties
2024 |
Key management |
Total |
Advanced |
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|
Repaid |
( |
( |
At end of period |
- |
- |
|
2023 |
Key management |
Total |
At start of period |
( |
( |
Advanced |
|
|
At end of period |
- |
- |
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Terms of loans to related parties