REGISTERED NUMBER: |
BG&E CONSULTING ENGINEERS LTD |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
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 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up, paid and allotted share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the Board of Directors and authorised for issue on |
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 |
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 |
Fixtures & fittings | - |
Computer software & hardware | - |
Office equipment | - |
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 |
5. | TANGIBLE FIXED ASSETS |
Computer |
Fixtures | software | Office |
& fittings | & hardware | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 July 2023 |
Additions |
At 30 June 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for year |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Amounts recoverable on contract |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
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 |
Between one and five years |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
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. |