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REGISTERED NUMBER: 05828251 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

BSL (SYSTEMS) LIMITED

BSL (SYSTEMS) LIMITED (REGISTERED NUMBER: 05828251)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BSL (SYSTEMS) LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr J K Melia
Mr R J Sage



SECRETARY: Mr N Newton



REGISTERED OFFICE: Unit 4 Durley Park Close
North Cheshire Trading Estate
Prenton
Merseyside
CH43 3DZ



REGISTERED NUMBER: 05828251 (England and Wales)



ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



BANKERS: Lloyds TSB
PO Box 1000
Andover
BX1 1LT

BSL (SYSTEMS) LIMITED (REGISTERED NUMBER: 05828251)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,516,240 1,653,660
Investments 5 608,509 608,509
2,124,749 2,262,169

CURRENT ASSETS
Debtors 6 1,017,189 523,472
Cash at bank 1,196,691 171,274
2,213,880 694,746
CREDITORS
Amounts falling due within one year 7 1,631,777 792,631
NET CURRENT ASSETS/(LIABILITIES) 582,103 (97,885 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,706,852

2,164,284

CREDITORS
Amounts falling due after more than one
year

8

(5,833

)

(112,500

)

PROVISIONS FOR LIABILITIES (251,725 ) (285,249 )
NET ASSETS 2,449,294 1,766,535

CAPITAL AND RESERVES
Called up share capital 10 54 54
Capital redemption reserve 49 49
Retained earnings 2,449,191 1,766,432
SHAREHOLDERS' FUNDS 2,449,294 1,766,535

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BSL (SYSTEMS) LIMITED (REGISTERED NUMBER: 05828251)

Balance Sheet - continued
30 April 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:





Mr J K Melia - Director


BSL (SYSTEMS) LIMITED (REGISTERED NUMBER: 05828251)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

BSL (Systems) 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 accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

Tangible fixed assets are initially recorded at cost.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

BSL (SYSTEMS) LIMITED (REGISTERED NUMBER: 05828251)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2023 519,500 2,485,958 27,507 697,702 3,730,667
Additions - 131,615 499 107,901 240,015
Disposals - (523,701 ) - (134,665 ) (658,366 )
At 30 April 2024 519,500 2,093,872 28,006 670,938 3,312,316
DEPRECIATION
At 1 May 2023 10,390 1,657,989 25,079 383,549 2,077,007
Charge for year 10,390 160,705 1,197 88,564 260,856
Eliminated on disposal - (474,918 ) - (66,869 ) (541,787 )
At 30 April 2024 20,780 1,343,776 26,276 405,244 1,796,076
NET BOOK VALUE
At 30 April 2024 498,720 750,096 1,730 265,694 1,516,240
At 30 April 2023 509,110 827,969 2,428 314,153 1,653,660

BSL (SYSTEMS) LIMITED (REGISTERED NUMBER: 05828251)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


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 1 May 2023 550,855
Transfer to ownership (403,037 )
At 30 April 2024 147,818
DEPRECIATION
At 1 May 2023 289,055
Charge for year 22,970
Transfer to ownership (232,850 )
At 30 April 2024 79,175
NET BOOK VALUE
At 30 April 2024 68,643
At 30 April 2023 261,800

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 608,509
NET BOOK VALUE
At 30 April 2024 608,509
At 30 April 2023 608,509

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 583,225 337,785
Amounts owed by related parties 50,000 1,035
Other debtors 383,964 184,652
1,017,189 523,472

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 76,389 83,333
Hire purchase contracts 30,278 145,811
Trade creditors 827,714 351,987
Amounts owed to related parties 266,168 112,777
Taxation and social security 412,194 48,483
Other creditors 19,034 50,240
1,631,777 792,631

BSL (SYSTEMS) LIMITED (REGISTERED NUMBER: 05828251)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans - 76,389
Hire purchase contracts 5,833 36,111
5,833 112,500

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 36,111 181,922

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
51 Ordinary A £1 51 51
1 Ordinary B Shares £1 1 1
1 Ordinary C Shares £1 1 1
1 Ordinary D Shares £1 1 1
54 54

11. RELATED PARTIES

At the year end £0 (2023 - £1,399) was owed to the company from the directors.