Company registration number 15233652 (England and Wales)
BAGNALL ENVIRONMENTAL GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
BAGNALL ENVIRONMENTAL GROUP LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
BAGNALL ENVIRONMENTAL GROUP LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
Notes
£
£
Fixed assets
Investment property
3
392,777
Investments
4
200
392,977
Current assets
Debtors
5
194,823
Cash at bank and in hand
2,158
196,981
Creditors: amounts falling due within one year
6
(245,584)
Net current liabilities
(48,603)
Total assets less current liabilities
344,374
Creditors: amounts falling due after more than one year
7
(152,582)
Net assets
191,792
Capital and reserves
Called up share capital
200
Profit and loss reserves
191,592
Total equity
191,792

For the financial year ended 31 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 in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 2 December 2024 and are signed on its behalf by:
Mr G M Walker
Director
Company registration number 15233652 (England and Wales)
BAGNALL ENVIRONMENTAL GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

Bagnall Environmental Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is Brook House Farm, Wheatlow Btooks, Milwich, Staffordshire, United Kingdom, ST18 0EW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
Number
Total
2
BAGNALL ENVIRONMENTAL GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
3
Investment property
2024
£
Fair value
At 25 October 2023
-
0
Additions
392,777
At 31 March 2024
392,777

The directors consider the amount shown reflects the open market value for the investment property.

4
Fixed asset investments
2024
£
Shares in group undertakings and participating interests
200
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 25 October 2023
-
Additions
200
At 31 March 2024
200
Carrying amount
At 31 March 2024
200
5
Debtors
2024
Amounts falling due within one year:
£
Other debtors
194,823
6
Creditors: amounts falling due within one year
2024
£
Bank loans
14,573
Other creditors
231,011
245,584
BAGNALL ENVIRONMENTAL GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
7
Creditors: amounts falling due after more than one year
2024
£
Bank loans and overdrafts
152,582

Included in creditors is a bank loan secured against the property.

8
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Directors
-
-
185,261
185,261
-
185,261
185,261

The loan is interest free, unsecured and repayable on demand    

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