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REGISTERED NUMBER: SC594217 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Bielgrange Ltd

Bielgrange Ltd (Registered number: SC594217)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bielgrange Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: N W Jeffrey
Mrs L Jeffrey
J A Jeffrey





REGISTERED OFFICE: 47-49 The Square
Kelso
Roxburghshire
TD5 7HW





REGISTERED NUMBER: SC594217 (Scotland)





ACCOUNTANTS: EQ Accountants Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Bielgrange Ltd (Registered number: SC594217)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 535,662 559,729
Investments 6 200,000 -
735,662 559,729

CURRENT ASSETS
Inventories 549,361 574,500
Debtors 7 38,771 273,670
Cash at bank 693,402 561,136
1,281,534 1,409,306
CREDITORS
Amounts falling due within one year 8 926,942 1,005,285
NET CURRENT ASSETS 354,592 404,021
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,090,254

963,750

CREDITORS
Amounts falling due after more than one
year

9

(173,140

)

(191,734

)

PROVISIONS FOR LIABILITIES (134,000 ) (140,000 )
NET ASSETS 783,114 632,016

CAPITAL AND RESERVES
Called up share capital 600 600
Retained earnings 782,514 631,416
SHAREHOLDERS' FUNDS 783,114 632,016

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.

Bielgrange Ltd (Registered number: SC594217)

Balance Sheet - continued
30 April 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 16 January 2025 and were signed on its behalf by:





N W Jeffrey - Director


Bielgrange Ltd (Registered number: SC594217)

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

1. STATUTORY INFORMATION

Bielgrange Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Bielgrange Ltd (Registered number: SC594217)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 300,000
AMORTISATION
At 1 May 2023
and 30 April 2024 300,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 May 2023 1,187,073
Additions 150,518
Disposals (77,147 )
At 30 April 2024 1,260,444
DEPRECIATION
At 1 May 2023 627,344
Charge for year 155,240
Eliminated on disposal (57,802 )
At 30 April 2024 724,782
NET BOOK VALUE
At 30 April 2024 535,662
At 30 April 2023 559,729

Bielgrange Ltd (Registered number: SC594217)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 200,000
At 30 April 2024 200,000
NET BOOK VALUE
At 30 April 2024 200,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 37,046 273,670
Other debtors 1,725 -
38,771 273,670

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 27,960 27,960
Trade creditors 22,209 17,977
Taxation and social security 70,968 86,243
Other creditors 805,805 873,105
926,942 1,005,285

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 173,140 191,734

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 61,299 79,893