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Bgn Developments Limited
Registered Number:07392178
For the year ended 28 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 28 March 2024
Bgn Developments Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
07392178
As at 28 March 2024
Bgn Developments Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
56,642
2,120
2
56,642
2,120
Current assets
Inventories
172,868
1,881,312
3
Trade and other receivables
-
8,401
4
2,278,994
Cash and cash equivalents
1,039,724
2,929,437
2,451,862
Trade and other payables: amounts falling due within one
year
(759,078)
(1,289,662)
5
1,692,784
1,639,775
Net current assets
Total assets less current liabilities
1,696,417
1,694,904
1,696,417
Net assets
1,694,904
Capital and reserves
Called up share capital
111
111
Retained earnings
1,696,306
1,694,793
1,696,417
1,694,904
Shareholders' funds
For the year ended 28 March 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 of its financial statements for the year ended 28 March 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr G Smith Director
These financial statements were approved and authorised for issue by the Board on 18 September 2024 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 28 March 2024
Bgn Developments Limited
Notes to the Financial Statements
Statutory Information
Bgn Developments Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07392178.
Principal place of business:
6 Leybourne Gardens
St Leonards on Sea
East Sussex
TN37 7HU
Registered address:
2-6 Sedlescombe Road North
St. Leonards-On-Sea
East Sussex
TN37 7DG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 29 March 2023
15,228
433
14,795
-
64,895
-
-
64,895
Additions
At 28 March 2024
64,895
14,795
433
80,123
Provision for depreciation and impairment
At 29 March 2023
13,108
288
12,820
-
Charge for year
10,373
145
494
9,734
At 28 March 2024
23,481
433
13,314
9,734
At 28 March 2024
Net book value
55,161
1,481
-
56,642
At 28 March 2023
-
1,975
145
2,120
2 of 3
5
For the year ended 28 March 2024
Bgn Developments Limited
Notes to the Financial Statements Continued
3. Inventories
2023
2024
£
£
Stocks
1,881,312
172,868
4. Trade and other receivables
2023
2024
£
£
Other debtors
8,401
-
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
18,421
-
Taxation and social security
4,233
3,771
Other creditors
1,267,008
755,307
1,289,662
759,078
6. Related party transactions
At the year end, the director was owed £1,251,445 (2023: £739,940).
7. Average number of persons employed
During the year the average number of employees was 0
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