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REGISTERED NUMBER: 03395001 (England and Wales)





























Unaudited Financial Statements for the Year Ended 30 April 2024

for

BD Structures Ltd

BD Structures Ltd (Registered number: 03395001)






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


BD Structures Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr Christopher James Heys
Mr Ben William Heys





SECRETARY: Mr James Edward Heys





REGISTERED OFFICE: Westhoughton Industrial Estate
James Street
Westhoughton
Bolton
Lancashire
BL5 3QR





REGISTERED NUMBER: 03395001 (England and Wales)





ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY

BD Structures Ltd (Registered number: 03395001)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 577,524 534,601

CURRENT ASSETS
Stocks 5 293,970 152,219
Debtors 6 759,078 2,331,701
Cash at bank and in hand 1,962,771 647,401
3,015,819 3,131,321
CREDITORS
Amounts falling due within one year 7 (1,594,279 ) (2,490,731 )
NET CURRENT ASSETS 1,421,540 640,590
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,999,064

1,175,191

CREDITORS
Amounts falling due after more than one
year

8

(186,200

)

(257,446

)

PROVISIONS FOR LIABILITIES 10 (80,789 ) (80,899 )
NET ASSETS 1,732,075 836,846

CAPITAL AND RESERVES
Called up share capital 11 12,000 12,000
Capital redemption reserve 12 13,000 13,000
Retained earnings 12 1,707,075 811,846
SHAREHOLDERS' FUNDS 1,732,075 836,846

BD Structures Ltd (Registered number: 03395001)

Balance Sheet - continued
30 April 2024


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.

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 Profit and Loss Account 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:





Mr Christopher James Heys - Director


BD Structures Ltd (Registered number: 03395001)

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

1. STATUTORY INFORMATION

BD Structures Ltd 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents the total invoice value, adjusted for unbilled work in progress, excluding value added tax, of sales made during the year and derives from the provision of goods and services falling within the company's ordinary activities.

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 - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

BD Structures Ltd (Registered number: 03395001)

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 22,661 722,649 54,514
Additions - 990 -
Disposals - (19,760 ) (4,299 )
At 30 April 2024 22,661 703,879 50,215
DEPRECIATION
At 1 May 2023 14,190 502,257 43,979
Charge for year 2,266 57,408 2,432
Eliminated on disposal - (18,609 ) (3,652 )
At 30 April 2024 16,456 541,056 42,759
NET BOOK VALUE
At 30 April 2024 6,205 162,823 7,456
At 30 April 2023 8,471 220,392 10,535

BD Structures Ltd (Registered number: 03395001)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 433,093 47,421 1,280,338
Additions 243,658 39,988 284,636
Disposals (142,940 ) (3,361 ) (170,360 )
At 30 April 2024 533,811 84,048 1,394,614
DEPRECIATION
At 1 May 2023 154,492 30,819 745,737
Charge for year 91,628 9,603 163,337
Eliminated on disposal (67,146 ) (2,577 ) (91,984 )
At 30 April 2024 178,974 37,845 817,090
NET BOOK VALUE
At 30 April 2024 354,837 46,203 577,524
At 30 April 2023 278,601 16,602 534,601

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 475,885 233,544 709,429
Additions - 159,163 159,163
Disposals - (100,440 ) (100,440 )
At 30 April 2024 475,885 292,267 768,152
DEPRECIATION
At 1 May 2023 303,087 56,180 359,267
Charge for year 47,588 47,553 95,141
Eliminated on disposal - (42,542 ) (42,542 )
At 30 April 2024 350,675 61,191 411,866
NET BOOK VALUE
At 30 April 2024 125,210 231,076 356,286
At 30 April 2023 172,798 177,364 350,162

5. STOCKS
2024 2023
£    £   
Raw materials 7,138 9,538
Work-in-progress 286,832 142,681
293,970 152,219

BD Structures Ltd (Registered number: 03395001)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 382,580 2,021,127
Amounts owed by group undertakings 80,000 -
Other debtors 9,225 21,984
Directors' current accounts 55,000 3,555
Corporation tax 589 589
VAT 112,809 169,686
Prepayments 118,875 114,760
759,078 2,331,701

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,000 24,000
Other loans 45,754 43,527
Hire purchase contracts 55,913 43,954
Trade creditors 1,186,572 1,730,240
Corporation tax 200,475 71,670
Social security and other taxes 66,688 41,989
Other creditors 5,328 253,004
Accrued expenses 9,549 8,287
Deferred income - 274,060
1,594,279 2,490,731

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 24,000 24,000
Bank loans - 2-5 years 10,000 34,000
Other loans - 1-2 years 48,095 45,754
Other loans - 2-5 years 8,252 56,347
Hire purchase contracts 95,853 97,345
186,200 257,446

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 102,101 145,628
Hire purchase contracts 151,766 141,299
253,867 286,927

The Trustees of the BD Structures Executive Pension Fund has a fixed charge over the fixed plant and chattels of the company.

BD Structures Ltd (Registered number: 03395001)

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

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 80,789 80,899

Deferred
tax
£   
Balance at 1 May 2023 80,899
Provided during year (110 )
Balance at 30 April 2024 80,789

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
12,000 Ordinary £1 12,000 12,000

During the year there was a share reorganisaition by way of a share for share transfer. The shares were transferred from the existing shareholders, immediately prior to the date of transfer, to the new parent company BD Structures Group Limited.This resulted in the company becoming a wholly owned subsidiary of BD Structures Group Limited.

12. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 May 2023 811,846 13,000 824,846
Profit for the year 954,708 954,708
Dividends (59,479 ) (59,479 )
At 30 April 2024 1,707,075 13,000 1,720,075

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr Christopher James Heys
Balance outstanding at start of year 3,555 3,626
Amounts advanced 55,000 -
Amounts repaid (3,555 ) (71 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 55,000 3,555

BD Structures Ltd (Registered number: 03395001)

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

14. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of BD Structures Group Limited (company number 15496080), a company registered in England & Wales.