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REGISTERED NUMBER: 04246694 (England and Wales)















BCS PRODUCTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






BCS PRODUCTS LIMITED (REGISTERED NUMBER: 04246694)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


BCS PRODUCTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: L G Norris
Mrs E A Norris





SECRETARY: Mrs E A Norris





REGISTERED OFFICE: 20 Midland Road
Scunthorpe
North Lincolnshire
DN16 1DQ





REGISTERED NUMBER: 04246694 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

BCS PRODUCTS LIMITED (REGISTERED NUMBER: 04246694)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,097 8,097
Tangible assets 5 487,859 304,986
495,956 313,083

CURRENT ASSETS
Stocks 20,800 31,117
Debtors 6 492,856 595,635
Cash at bank 159,072 57,731
672,728 684,483
CREDITORS
Amounts falling due within one year 7 444,098 426,191
NET CURRENT ASSETS 228,630 258,292
TOTAL ASSETS LESS CURRENT LIABILITIES 724,586 571,375

CREDITORS
Amounts falling due after more than one year 8 (50,593 ) (58,404 )

PROVISIONS FOR LIABILITIES (64,683 ) (27,943 )
NET ASSETS 609,310 485,028

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 609,309 485,027
SHAREHOLDERS' FUNDS 609,310 485,028

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 January 2025 and were signed on its behalf by:



L G Norris - Director


BCS PRODUCTS LIMITED (REGISTERED NUMBER: 04246694)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

BCS Products 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 net of Value Added Tax and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of chemicals and construction accessories is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the cost incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

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.

Cherished plates are not being amortised.

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 etc - 25% on reducing balance, 20% on reducing balance and at variable rates on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.


BCS PRODUCTS LIMITED (REGISTERED NUMBER: 04246694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
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.

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 the income statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 8,097
NET BOOK VALUE
At 30 April 2024 8,097
At 30 April 2023 8,097

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 810,830
Additions 300,078
Disposals (99,911 )
At 30 April 2024 1,010,997
DEPRECIATION
At 1 May 2023 505,844
Charge for year 83,433
Eliminated on disposal (66,139 )
At 30 April 2024 523,138
NET BOOK VALUE
At 30 April 2024 487,859
At 30 April 2023 304,986

BCS PRODUCTS LIMITED (REGISTERED NUMBER: 04246694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 410,739 505,874
Other debtors 82,117 89,761
492,856 595,635

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,015 9,768
Hire purchase contracts 49,920 14,641
Trade creditors 242,162 298,836
Taxation and social security 86,726 96,789
Other creditors 55,275 6,157
444,098 426,191

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 19,908 29,923
Hire purchase contracts 30,685 28,481
50,593 58,404

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 29,923 39,691
Hire purchase contracts 80,605 43,122
110,528 82,813

Bank borrowings are secured by a fixed and floating charge over the assets of the company.

10. CALLED UP SHARE CAPITAL

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have directors loan accounts totalling £48,884 overdrawn brought forward (2023: £42,729 overdrawn). During the year, the directors of the company borrowed £626 (2023: £5,260) from the company and repaid £NIL (2023: £NIL). Interest was charged on the overdrawn amount in the year of £1,191 (2023: £895). The balance at the end of the year totalled £50,701 overdrawn (2023: £48,884 overdrawn).