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REGISTERED NUMBER: 06744150 (England and Wales)















B.S.B. SHEET METAL SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024






B.S.B. SHEET METAL SERVICES LIMITED (REGISTERED NUMBER: 06744150)

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


B.S.B. SHEET METAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: S J Whelan
C Whelan
Miss S Whelan





REGISTERED OFFICE: Marston House
5, Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL





REGISTERED NUMBER: 06744150 (England and Wales)





ACCOUNTANTS: Sephton & Company LLP
Chartered Certified Accountants
Marston House
5 Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL

B.S.B. SHEET METAL SERVICES LIMITED (REGISTERED NUMBER: 06744150)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 645,323 769,849

CURRENT ASSETS
Stocks 40,245 44,932
Debtors 5 327,626 294,141
Cash at bank 39,730 104,014
407,601 443,087
CREDITORS
Amounts falling due within one year 6 482,651 425,631
NET CURRENT (LIABILITIES)/ASSETS (75,050 ) 17,456
TOTAL ASSETS LESS CURRENT
LIABILITIES

570,273

787,305

CREDITORS
Amounts falling due after more than one
year

7

(365,221

)

(593,956

)

PROVISIONS FOR LIABILITIES (117,679 ) (116,457 )
NET ASSETS 87,373 76,892

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 87,273 76,792
SHAREHOLDERS' FUNDS 87,373 76,892

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.

B.S.B. SHEET METAL SERVICES LIMITED (REGISTERED NUMBER: 06744150)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:





S J Whelan - Director


B.S.B. SHEET METAL SERVICES LIMITED (REGISTERED NUMBER: 06744150)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

B.S.B. Sheet Metal Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.


B.S.B. SHEET METAL SERVICES LIMITED (REGISTERED NUMBER: 06744150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
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.

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.

Government grants
Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 13 ) .

B.S.B. SHEET METAL SERVICES LIMITED (REGISTERED NUMBER: 06744150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 1,302,637 78,940 1,381,577
Disposals - (30,440 ) (30,440 )
At 30 April 2024 1,302,637 48,500 1,351,137
DEPRECIATION
At 1 May 2023 551,055 60,673 611,728
Charge for year 112,735 2,158 114,893
Eliminated on disposal - (20,807 ) (20,807 )
At 30 April 2024 663,790 42,024 705,814
NET BOOK VALUE
At 30 April 2024 638,847 6,476 645,323
At 30 April 2023 751,582 18,267 769,849

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 1,302,637 78,940 1,381,577
Disposals - (30,440 ) (30,440 )
Transfer to ownership - (48,500 ) (48,500 )
At 30 April 2024 1,302,637 - 1,302,637
DEPRECIATION
At 1 May 2023 551,055 60,673 611,728
Charge for year 112,735 - 112,735
Eliminated on disposal - (20,807 ) (20,807 )
Transfer to ownership - (39,866 ) (39,866 )
At 30 April 2024 663,790 - 663,790
NET BOOK VALUE
At 30 April 2024 638,847 - 638,847
At 30 April 2023 751,582 18,267 769,849

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 275,857 241,038
Other debtors 51,769 53,103
327,626 294,141

B.S.B. SHEET METAL SERVICES LIMITED (REGISTERED NUMBER: 06744150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,225 9,973
Hire purchase contracts (see note 8) 231,398 212,057
Trade creditors 149,368 110,955
Taxation and social security 74,442 82,334
Other creditors 17,218 10,312
482,651 425,631

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,369 21,594
Hire purchase contracts (see note 8) 343,329 572,362
Other creditors 10,523 -
365,221 593,956

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 231,398 212,057
Between one and five years 343,329 572,362
574,727 784,419

Non-cancellable operating leases
2024 2023
£    £   
Within one year 56,111 75,083
Between one and five years - 56,111
56,111 131,194

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 574,727 784,419