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REGISTERED NUMBER: 12565448 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Black Country Engineering Group Limited

Black Country Engineering Group Limited (Registered number: 12565448)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Black Country Engineering Group Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: G R Nunn
R Ridgewell





REGISTERED OFFICE: Unit 6 Harvey Works Industrial Estate
Shelah Road
Halesowen
B63 3PG





REGISTERED NUMBER: 12565448 (England and Wales)





ACCOUNTANTS: Davies Archytas Accountants Ltd
14 The Oaks
Clews Road
Redditch
Worcestershire
B98 7ST

Black Country Engineering Group Limited (Registered number: 12565448)

Abridged Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 155,605 49,130

CURRENT ASSETS
Stocks 514,896 351,768
Debtors 197,265 87,976
Cash at bank 10,137 10,379
722,298 450,123
CREDITORS
Amounts falling due within one year 745,795 403,413
NET CURRENT (LIABILITIES)/ASSETS (23,497 ) 46,710
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,108

95,840

CREDITORS
Amounts falling due after more than one
year

(47,245

)

(82,077

)

PROVISIONS FOR LIABILITIES (26,618 ) (12,629 )
NET ASSETS 58,245 1,134

CAPITAL AND RESERVES
Called up share capital 6 120 120
Retained earnings 58,125 1,014
SHAREHOLDERS' FUNDS 58,245 1,134

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.

Black Country Engineering Group Limited (Registered number: 12565448)

Abridged Statement of Financial Position - 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 December 2024 and were signed on its behalf by:





G R Nunn - Director


Black Country Engineering Group Limited (Registered number: 12565448)

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

1. STATUTORY INFORMATION

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

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Black Country Engineering Group Limited (Registered number: 12565448)

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

2. ACCOUNTING POLICIES - continued

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 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 80,000
Additions 133,935
At 30 April 2024 213,935
DEPRECIATION
At 1 May 2023 30,870
Charge for year 27,460
At 30 April 2024 58,330
NET BOOK VALUE
At 30 April 2024 155,605
At 30 April 2023 49,130

5. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 40,185 40,185

Amounts falling due between one and two years:
Bank loans - 1-2 years 40,185 40,185

Amounts falling due between two and five years:
Bank loans - 2-5 years 7,060 41,892

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
120 Ordinary £1 120 120

Black Country Engineering Group Limited (Registered number: 12565448)

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

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
R Ridgewell
Balance outstanding at start of year 4,612 (388 )
Amounts advanced - 5,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,612 4,612

The overdrawn director's current account is included within debtors. It is an interest free unsecured loan to the director, R Ridgewell.

8. RELATED PARTY DISCLOSURES

An associated company, Ridgesteel Fabrications Limited made sales to Black Country Engineering Limited totalling £50,159 (2023: £61,994) and made purchases from Black Country Engineering Limited totalling £301,134 (2023: £228,887) during the year.

Amount due to the related party at the balance sheet date - £96,397 (2023 £5,614).

9. ULTIMATE CONTROLLING PARTY

The controlling parties during the year under review were the directors by virtue of their 100% holding of the issued share capital.