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REGISTERED NUMBER: 05277402 (England and Wales)















BDS Logistics (South Wales) Limited

Unaudited Financial Statements for the Year Ended 30 April 2024






BDS Logistics (South Wales) Limited (Registered number: 05277402)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BDS Logistics (South Wales) Limited

Company Information
for the Year Ended 30 April 2024







Directors: Mr R J Taylor
Mrs S C Taylor





Registered office: 9 Church Rise
Undy
Caldicot
NP26 3NR





Registered number: 05277402 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

BDS Logistics (South Wales) Limited (Registered number: 05277402)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
Fixed assets
Property, plant and equipment 4 437 -

Current assets
Debtors 5 34,100 35,027
Cash at bank and in hand 666,034 620,495
700,134 655,522
Creditors
Amounts falling due within one year 6 (42,304 ) (31,999 )
Net current assets 657,830 623,523
Total assets less current liabilities 658,267 623,523

Provisions for liabilities 7 (83 ) -
Net assets 658,184 623,523

Capital and reserves
Called up share capital 2 2
Capital redemption reserve 1 1
Retained earnings 658,181 623,520
Shareholders' funds 658,184 623,523

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2025 and were signed on its behalf by:





Mr R J Taylor - Director


BDS Logistics (South Wales) Limited (Registered number: 05277402)

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

1. Statutory information

BDS Logistics (South Wales) Limited 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 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 represents net invoiced sales of goods and services excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Computer Equipment 25% Straight Line

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.

Hire purchase and leasing commitments
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.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangements as either financial assets, financial liabilities or equity instruments, and are held at amortised cost. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value of the future payments discounted at a market rate of interest for a similar debt instrument.

BDS Logistics (South Wales) Limited (Registered number: 05277402)

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

3. Employees and directors

The average number of employees during the year was 11 (2023 - 11 ) .

4. Property, plant and equipment
Computer
equipment
£   
Cost
Additions 446
At 30 April 2024 446
Depreciation
Charge for year 9
At 30 April 2024 9
Net book value
At 30 April 2024 437

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 33,568 34,538
Prepayments and accrued income 532 489
34,100 35,027

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 128 290
Tax 8,047 3,505
Social security and other taxes 2,981 2,743
VAT 27,304 21,920
Other creditors 1,644 1,091
Accrued expenses 2,200 2,450
42,304 31,999

7. Provisions for liabilities
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 83 -

Deferred
tax
£   
Charge to Income Statement during year 83
Balance at 30 April 2024 83