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Company Registration No. 12724393 (England and Wales)
B G P SERVICES LTD Unaudited accounts for the year ended 31 July 2024
B G P SERVICES LTD Unaudited accounts Contents
Page
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B G P SERVICES LTD Company Information for the year ended 31 July 2024
Directors
Mr N S Burton Ms C R Gorbert
Company Number
12724393 (England and Wales)
Registered Office
10 Sands Lane Elloughton Brough East Yorkshire HU15 1JH England
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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B G P SERVICES LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
52,733 
61,097 
Current assets
Inventories
35,659 
92,000 
Debtors
76,838 
74,402 
Cash at bank and in hand
25,264 
68,722 
137,761 
235,124 
Creditors: amounts falling due within one year
(43,154)
(95,900)
Net current assets
94,607 
139,224 
Total assets less current liabilities
147,340 
200,321 
Provisions for liabilities
Deferred tax
(10,026)
(11,608)
Net assets
137,314 
188,713 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
137,214 
188,613 
Shareholders' funds
137,314 
188,713 
For the year ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2024 and were signed on its behalf by
Mr N S Burton Director Company Registration No. 12724393
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B G P SERVICES LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
B G P SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 12724393. The registered office is 10 Sands Lane, Elloughton, Brough, East Yorkshire, HU15 1JH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% cost
Motor vehicles
20% wdv
Fixtures & fittings
25% cost
Computer equipment
25% cost
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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B G P SERVICES LTD Notes to the Accounts for the year ended 31 July 2024
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2023
5,827 
71,986 
11,553 
5,590 
94,956 
Additions
951 
4,536 
386 
1,155 
7,028 
At 31 July 2024
6,778 
76,522 
11,939 
6,745 
101,984 
Depreciation
At 1 August 2023
2,388 
21,364 
7,352 
2,755 
33,859 
Charge for the year
1,504 
9,322 
2,952 
1,614 
15,392 
At 31 July 2024
3,892 
30,686 
10,304 
4,369 
49,251 
Net book value
At 31 July 2024
2,886 
45,836 
1,635 
2,376 
52,733 
At 31 July 2023
3,439 
50,622 
4,201 
2,835 
61,097 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
70,060 
67,180 
Accrued income and prepayments
6,778 
6,839 
Other debtors
- 
383 
76,838 
74,402 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
14,858 
12,109 
Trade creditors
9,454 
43,515 
Taxes and social security
1,460 
29,248 
Other creditors
6,546 
2,065 
Loans from directors
10,836 
8,963 
43,154 
95,900 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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B G P SERVICES LTD Notes to the Accounts for the year ended 31 July 2024
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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