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
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
B G P SERVICES LTD
Statement of financial position
as at 31 July 2024
Tangible assets
52,733
61,097
Cash at bank and in hand
25,264
68,722
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
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
B G P SERVICES LTD
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
Fixtures & fittings
25% cost
Computer equipment
25% cost
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 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 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.
B G P SERVICES LTD
Notes to the Accounts
for the year ended 31 July 2024
Expenditure on research and development is written off in the year in which it is incurred.
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
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
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
Amounts falling due within one year
Trade debtors
70,060
67,180
Accrued income and prepayments
6,778
6,839
6
Creditors: amounts falling due within one year
2024
2023
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
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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).