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REGISTERED NUMBER: 12548206 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

BWY LTD

BWY LTD (REGISTERED NUMBER: 12548206)

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


BWY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs T Watts
Mr JJ Watts





REGISTERED OFFICE: Granville Hall
Granville Road
Leicester
LE1 7RU





REGISTERED NUMBER: 12548206 (England and Wales)

BWY LTD (REGISTERED NUMBER: 12548206)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,099 -
Tangible assets 5 15,629 22,571
Investments 6 125,607 69,691
142,335 92,262

CURRENT ASSETS
Stocks 5,000 -
Debtors 7 324,014 58,800
Cash at bank 60,497 400,954
389,511 459,754
CREDITORS
Amounts falling due within one year 8 181,253 345,579
NET CURRENT ASSETS 208,258 114,175
TOTAL ASSETS LESS CURRENT
LIABILITIES

350,593

206,437

PROVISIONS FOR LIABILITIES 3,907 5,643
NET ASSETS 346,686 200,794

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 346,685 200,793
346,686 200,794

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.

BWY LTD (REGISTERED NUMBER: 12548206)

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 31 January 2025 and were signed on its behalf by:




Mrs T Watts - Director



Mr JJ Watts - Director


BWY LTD (REGISTERED NUMBER: 12548206)

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


1. STATUTORY INFORMATION

Bwy Ltd 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.

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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Revenue comprises the fair value for the sale of goods and services excluding value added taxes and represents net invoice value. The company provides services and supplies goods to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on the dispatch of goods and completion of services.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks 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.


BWY LTD (REGISTERED NUMBER: 12548206)

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 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.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 1,099
At 30 April 2024 1,099
NET BOOK VALUE
At 30 April 2024 1,099

BWY LTD (REGISTERED NUMBER: 12548206)

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


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 13,579 6,485 20,865 40,929
Additions - - 1,538 1,538
At 30 April 2024 13,579 6,485 22,403 42,467
DEPRECIATION
At 1 May 2023 2,834 2,178 13,346 18,358
Charge for year 2,686 1,077 4,717 8,480
At 30 April 2024 5,520 3,255 18,063 26,838
NET BOOK VALUE
At 30 April 2024 8,059 3,230 4,340 15,629
At 30 April 2023 10,745 4,307 7,519 22,571

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 May 2023 69,691
Revaluations 55,916
At 30 April 2024 125,607
NET BOOK VALUE
At 30 April 2024 125,607
At 30 April 2023 69,691

Cost or valuation at 30 April 2024 is represented by:

Other
investments
£   
Valuation in 2024 125,607

BWY LTD (REGISTERED NUMBER: 12548206)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 20,880
Other debtors 324,014 37,920
324,014 58,800

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,023 2,063
Amounts owed to group undertakings 39,404 59,404
Taxation and social security 104,959 131,024
Other creditors 31,867 153,088
181,253 345,579

9. RELATED PARTY DISCLOSURES

Included within other debtors is an amount of £171,012 (2023: £6,363) owed to Memree Limited, a company which Mr JJ Watts and Mrs TB Watts are directors.

Included within other creditors is an amount of £15,736 (2023: £136,493) owed to the directors.