Acorah Software Products - Accounts Production 16.1.200 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 9599145 Mr AbdulKareem Al-Gburi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 9599145 2023-05-31 9599145 2024-05-31 9599145 2023-06-01 2024-05-31 9599145 frs-core:CurrentFinancialInstruments 2024-05-31 9599145 frs-core:Non-currentFinancialInstruments 2024-05-31 9599145 frs-core:FurnitureFittings 2024-05-31 9599145 frs-core:FurnitureFittings 2023-06-01 2024-05-31 9599145 frs-core:FurnitureFittings 2023-05-31 9599145 frs-core:PlantMachinery 2024-05-31 9599145 frs-core:PlantMachinery 2023-06-01 2024-05-31 9599145 frs-core:PlantMachinery 2023-05-31 9599145 frs-core:ShareCapital 2024-05-31 9599145 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 9599145 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 9599145 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 9599145 frs-bus:SmallEntities 2023-06-01 2024-05-31 9599145 frs-bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 9599145 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 9599145 frs-bus:Director1 2023-06-01 2024-05-31 9599145 frs-core:Non-currentFinancialInstruments 1 2024-05-31 9599145 frs-countries:EnglandWales 2023-06-01 2024-05-31 9599145 2022-05-31 9599145 2023-05-31 9599145 2022-06-01 2023-05-31 9599145 frs-core:CurrentFinancialInstruments 2023-05-31 9599145 frs-core:Non-currentFinancialInstruments 2023-05-31 9599145 frs-core:ShareCapital 2023-05-31 9599145 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 9599145 frs-core:Non-currentFinancialInstruments 1 2023-05-31
Registered number: 9599145
B&G TOOL HIRE LTD
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountants' Report
Report of the Accountant to the director of B&G TOOL HIRE LTD
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 May 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Signed
ZA Ltd
20/01/2025
Page 1
Page 2
Balance Sheet
Registered number: 9599145
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,224 19,581
17,224 19,581
CURRENT ASSETS
Stocks 5 16,836 18,541
Debtors 6 1,223 1,579
Cash at bank and in hand 6,041 3,602
24,100 23,722
Creditors: Amounts Falling Due Within One Year 7 (4,727 ) (4,227 )
NET CURRENT ASSETS (LIABILITIES) 19,373 19,495
TOTAL ASSETS LESS CURRENT LIABILITIES 36,597 39,076
Creditors: Amounts Falling Due After More Than One Year 8 (53,140 ) (53,100 )
NET LIABILITIES (16,543 ) (14,024 )
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account (17,543 ) (15,024 )
SHAREHOLDERS' FUNDS (16,543) (14,024)
Page 2
Page 3
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr AbdulKareem Al-Gburi
Director
20/01/2025
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
B&G TOOL HIRE LTD is a private company, limited by shares, incorporated in England & Wales, registered number 9599145 . The registered office is 295 Edgware Road, Colindale, London, NW9 6NB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 4 5
4 5
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2023 44,593 1,350 45,943
Additions 682 - 682
As at 31 May 2024 45,275 1,350 46,625
Depreciation
As at 1 June 2023 25,380 982 26,362
Provided during the period 2,984 55 3,039
As at 31 May 2024 28,364 1,037 29,401
Net Book Value
As at 31 May 2024 16,911 313 17,224
As at 1 June 2023 19,213 368 19,581
Page 4
Page 5
5. Stocks
2024 2023
£ £
Materials 16,836 18,541
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,223 1,579
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 306 1,906
VAT 2,883 2,321
Accruals and deferred income 1,538 -
4,727 4,227
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Shareholer's contributions (Long term liabilities - creditors > 1 year) 53,140 53,100
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 5