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REGISTERED NUMBER: 10199396 (England and Wales)














BG&E CONSULTING ENGINEERS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






BG&E CONSULTING ENGINEERS LTD (REGISTERED NUMBER: 10199396)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


BG&E CONSULTING ENGINEERS LTD

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: A Butler
P Edwards
M Maksour
G Agamalis
R P Di Qual





SECRETARY: Bradshaw Johnson Secretarial Limited





REGISTERED OFFICE: 163 Tower Bridge Road
London
SE1 3LW





REGISTERED NUMBER: 10199396 (England and Wales)





AUDITORS: Miller & Co
Statutory Auditor
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

BG&E CONSULTING ENGINEERS LTD (REGISTERED NUMBER: 10199396)

STATEMENT OF FINANCIAL POSITION
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 65,589 121,897

CURRENT ASSETS
Debtors 6 2,259,324 3,325,702
Cash at bank 1,254,800 525,231
3,514,124 3,850,933
CREDITORS
Amounts falling due within one year 7 3,003,439 3,810,119
NET CURRENT ASSETS 510,685 40,814
TOTAL ASSETS LESS CURRENT
LIABILITIES

576,274

162,711

CAPITAL AND RESERVES
Called up, paid and allotted share capital 1 1
Retained earnings 576,273 162,710
SHAREHOLDERS' FUNDS 576,274 162,711

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:





P Edwards - Director


BG&E CONSULTING ENGINEERS LTD (REGISTERED NUMBER: 10199396)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

BG&E Consulting Engineers 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, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & fittings - 20% on cost
Computer software & hardware - 33% on cost
Office equipment - 33% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

BG&E CONSULTING ENGINEERS LTD (REGISTERED NUMBER: 10199396)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2023 - 45 ) .

5. TANGIBLE FIXED ASSETS
Computer
Fixtures software Office
& fittings & hardware equipment Totals
£    £    £    £   
COST
At 1 July 2023 39,818 233,486 81,361 354,665
Additions 980 9,279 9,391 19,650
At 30 June 2024 40,798 242,765 90,752 374,315
DEPRECIATION
At 1 July 2023 16,638 134,889 81,241 232,768
Charge for year 8,061 66,775 1,122 75,958
At 30 June 2024 24,699 201,664 82,363 308,726
NET BOOK VALUE
At 30 June 2024 16,099 41,101 8,389 65,589
At 30 June 2023 23,180 98,597 120 121,897

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,051,563 1,605,712
Amounts owed by group undertakings 421,443 1,213,429
Amounts recoverable on contract 674,909 418,358
Other debtors 111,409 88,203
2,259,324 3,325,702

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 132,025 49,658
Amounts owed to group undertakings 1,775,966 2,937,262
Taxation and social security 542,759 328,246
Other creditors 552,689 494,953
3,003,439 3,810,119

BG&E CONSULTING ENGINEERS LTD (REGISTERED NUMBER: 10199396)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 149,203 149,203
Between one and five years 86,015 235,218
235,218 384,421

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Roger Cox (Senior Statutory Auditor)
for and on behalf of Miller & Co

10. CONTINGENT LIABILITIES

During the year Research and Development claims were submitted to HMRC for the 30 June 2022 and 30 June 2023 financial years. Subsequent to this, HMRC have raised an enquiry into these claims. Responses have been provided by the company's R&D consultants but to date the outcome is not known. The value of the R&D claims was £84,610.

11. RELATED PARTY DISCLOSURES

1. BG&E Pty Limited, part of the BG&E group, provided loans to the company which are interest free and repayable on demand. The amount outstanding at the year end was £1,780,430.

2. BG&E International Consulting Engineers, part of the BG&E group, provided loans to the company which are interest free and repayable on demand. The amount outstanding at the year end was £162,229.

3. BG&E International Consulting Engineers LLC, part of the BG&E group, received loans from the company which are interest free and repayable on demand. The amount outstanding at the year end was £489,130.

4. BG&E Facade Consultants Pty Limited, part of the BG&E group, provided loans to the company which are interest free and repayable on demand. The amount outstanding at the year end was £44,975.

5. BG&E Consulting Ltd, part of the BG&E group, provided loans to the company which are interest free and repayable on demand. The amount outstanding at the year end was £12,976.

6. BG&E Consulting Engineers Pte Ltd, part of the BG&E group, received loans from the company which are interest free and repayable on demand. The amount outstanding at the year end was £(2).

7. In addition the company traded in the normal course of business with the following group companies and at the year end the balances were as follows:

Amounts due from BG&E Pty Limited totalled £103,418
Amounts due from BG&E International Consulting Engineers totalled £294,480
Amounts due to BG&E International Consulting Engineers LLC totalled £230,722
Amounts due to BG&E Facade Consultants Pty Limited totalled £53,980
Amounts due from BG&E Consulting Ltd totalled £43,572
Amounts due from BG&E Consulting Engineers Pte Ltd totalled £189

BG&E CONSULTING ENGINEERS LTD (REGISTERED NUMBER: 10199396)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

12. ULTIMATE PARENT COMPANY

BG&E International Pty Limited is the company's immediate parent undertaking. The ultimate parent undertaking is BG&E Group Limited, both of which are incorporated in Australia.

The group accounts can be obtained from BG&E Group Limited at Level 2, 8 Windmill Street, Sydney, NSW 2000.