IRIS Accounts Production v24.3.0.553 07315330 Board of Directors Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073153302023-08-31073153302024-08-31073153302023-09-012024-08-31073153302022-08-31073153302022-09-012023-08-31073153302023-08-3107315330ns15:EnglandWales2023-09-012024-08-3107315330ns14:PoundSterling2023-09-012024-08-3107315330ns10:Director12023-09-012024-08-3107315330ns10:Director22023-09-012024-08-3107315330ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3107315330ns10:SmallEntities2023-09-012024-08-3107315330ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3107315330ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3107315330ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3107315330ns10:FullAccounts2023-09-012024-08-3107315330ns10:CompanySecretary12023-09-012024-08-3107315330ns10:RegisteredOffice2023-09-012024-08-3107315330ns5:CurrentFinancialInstruments2023-08-3107315330ns5:CurrentFinancialInstruments2024-08-3107315330ns5:Non-currentFinancialInstruments2023-08-3107315330ns5:Non-currentFinancialInstruments2024-08-3107315330ns5:ShareCapital2023-08-3107315330ns5:ShareCapital2024-08-3107315330ns5:RetainedEarningsAccumulatedLosses2023-08-3107315330ns5:RetainedEarningsAccumulatedLosses2024-08-3107315330ns5:PlantMachinery2023-09-012024-08-3107315330ns5:PlantMachinery2023-08-3107315330ns5:PlantMachinery2024-08-3107315330ns5:PlantMachinery2023-08-3107315330ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-08-3107315330ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-09-012024-08-3107315330ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-08-3107315330ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-08-3107315330ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3107315330ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31
REGISTERED NUMBER: 07315330 (England and Wales)







FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

BFG GROUNDWORKS & CONSTRUCTION LTD

BFG GROUNDWORKS & CONSTRUCTION LTD (REGISTERED NUMBER: 07315330)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BFG GROUNDWORKS & CONSTRUCTION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTORS: T J Flashman
T P George





SECRETARY: Mrs J Flashman





REGISTERED OFFICE: Kernow
Heath Common
Church Stretton
Shropshire
SY6 7DZ





REGISTERED NUMBER: 07315330 (England and Wales)





ACCOUNTANTS: Stanton Ralph & Co Limited
Chartered Accountants
The Old Police Station
Whitburn Street
Bridgnorth
Shropshire
WV16 4QP

BFG GROUNDWORKS & CONSTRUCTION LTD (REGISTERED NUMBER: 07315330)

BALANCE SHEET
31ST AUGUST 2024

31.8.23 31.8.24
£    £    Notes £    £   
FIXED ASSETS
437,847 Tangible assets 4 501,053

CURRENT ASSETS
133,812 Stocks 66,067
128,216 Debtors 5 568,507
335,237 Cash at bank 58,562
597,265 693,136
CREDITORS
529,828 Amounts falling due within one year 6 396,327
67,437 NET CURRENT ASSETS 296,809
505,284 TOTAL ASSETS LESS CURRENT LIABILITIES 797,862

CREDITORS
(46,515 ) Amounts falling due after more than one
year

7

(29,991

)

(109,565 ) PROVISIONS FOR LIABILITIES (124,203 )
349,204 NET ASSETS 643,668

CAPITAL AND RESERVES
100 Called up share capital 100
349,104 Retained earnings 643,568
349,204 SHAREHOLDERS' FUNDS 643,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

BFG GROUNDWORKS & CONSTRUCTION LTD (REGISTERED NUMBER: 07315330)

BALANCE SHEET - continued
31ST AUGUST 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 19th December 2024 and were signed on its behalf by:




T J Flashman - Director



T P George - Director


BFG GROUNDWORKS & CONSTRUCTION LTD (REGISTERED NUMBER: 07315330)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024

1. STATUTORY INFORMATION

BFG Groundworks & Construction 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.

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.

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 etc - 33% on cost, 25% on reducing balance and 20% on cost

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 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.

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.

BFG GROUNDWORKS & CONSTRUCTION LTD (REGISTERED NUMBER: 07315330)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st September 2023 1,080,541
Additions 248,630
Disposals (90,290 )
At 31st August 2024 1,238,881
DEPRECIATION
At 1st September 2023 642,694
Charge for year 163,236
Eliminated on disposal (68,102 )
At 31st August 2024 737,828
NET BOOK VALUE
At 31st August 2024 501,053
At 31st August 2023 437,847

BFG GROUNDWORKS & CONSTRUCTION LTD (REGISTERED NUMBER: 07315330)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st September 2023 336,056
Disposals (20,400 )
At 31st August 2024 315,656
DEPRECIATION
At 1st September 2023 171,606
Charge for year 52,543
Eliminated on disposal (12,870 )
At 31st August 2024 211,279
NET BOOK VALUE
At 31st August 2024 104,377
At 31st August 2023 164,450

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 319,936 111,177
Other debtors 248,571 17,039
568,507 128,216

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 6,329 6,718
Hire purchase contracts 14,779 40,145
Trade creditors 37,602 152,571
Taxation and social security 178,946 138,989
Other creditors 158,671 191,405
396,327 529,828

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 29,991 46,515

8. RELATED PARTY DISCLOSURES

At 31st August 2024 the company was owed £159,500 (2023 - £Nil) from Flashman George Developments Limited a company owned by 2 of the shareholders, no interest is charged on the loan.

At 31st August 2024 the company was owed £75,000 (2023 - £Nil) from TRT Properties Limited a company owned by 2 of the shareholders, no interest is charged on the loan.