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Registered number: 6951072
BGH Service Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 May 2024
M W Accounting Ltd
Unit 5 Basepoint
Caxton Close
Andover
Hampshire
SP10 3FG
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 6951072
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 4,710 6,279
4,710 6,279
CURRENT ASSETS
Debtors 10,757 5,181
Cash at bank and in hand 8,353 17,792
19,110 22,973
Creditors: Amounts Falling Due Within One Year (5,813 ) (14,575 )
NET CURRENT ASSETS (LIABILITIES) 13,297 8,398
TOTAL ASSETS LESS CURRENT LIABILITIES 18,007 14,677
NET ASSETS 18,007 14,677
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 17,907 14,577
SHAREHOLDERS' FUNDS 18,007 14,677
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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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 May 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Barry Hicks
Director
18 January 2025
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
BGH Service Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 6951072 . The registered office is 4 Winterdyne Mews, Andover, SP10 3AG.
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 April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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:
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
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4. Intangible Assets
Total
£
Cost
As at 1 June 2023 7,500
As at 31 May 2024 7,500
Amortisation
As at 1 June 2023 7,500
As at 31 May 2024 7,500
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 -
5. Tangible Assets
Total
£
Cost
As at 1 June 2023 34,094
As at 31 May 2024 34,094
Depreciation
As at 1 June 2023 27,815
Provided during the period 1,569
As at 31 May 2024 29,384
Net Book Value
As at 31 May 2024 4,710
As at 1 June 2023 6,279
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Barry Hicks - 8,000
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr B Hicks by virtue of his ownership of 100% of the issued share capital in the company.
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