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Company registration number: 02238847







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


BCAS LIMITED






































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BCAS LIMITED
 


 
COMPANY INFORMATION


Directors
Mrs M A Jones 
Mr D J Parfitt 
Mr T S Davison 




Registered number
02238847



Registered office
8 Thames Park
Lester Way

Wallingford

Oxfordshire

OX10 9TA




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


BCAS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


BCAS LIMITED
REGISTERED NUMBER:02238847



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
43,002
26,041

  
43,002
26,041

Current assets
  

Stocks
  
122,915
103,903

Debtors: amounts falling due within one year
 5 
223,844
253,189

Cash at bank and in hand
  
131,927
54,244

  
478,686
411,336

Creditors: amounts falling due within one year
 6 
(489,611)
(426,801)

Net current liabilities
  
 
 
(10,925)
 
 
(15,465)

Total assets less current liabilities
  
32,077
10,576

Creditors: amounts falling due after more than one year
 7 
(9,667)
(38,667)

Provisions for liabilities
  

Deferred tax
  
(9,734)
(4,492)

  
 
 
(9,734)
 
 
(4,492)

Net assets/(liabilities)
  
12,676
(32,583)


Capital and reserves
  

Called up share capital 
  
34,957
34,957

Share premium account
  
4,207
4,207

Profit and loss account
  
(26,488)
(71,747)

  
12,676
(32,583)


Page 1

 


BCAS LIMITED
REGISTERED NUMBER:02238847


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr D J Parfitt
Director

Date: 24 February 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


BCAS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

BCAS Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date of 31 December 2024 the company shows a  net asset position of £12,676 (2023: net defecit of 32,583). The directors have a reasonable expectation that the company has adequate resources to meet all liabilities as and when they fall due and to continue in operational existence for the foreseeable future. Therefore it is the directors' opinion that the going concern basis of preparation continues to be appropriate.

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

Turnover

Turnover is generated through compressed air, air conditioning and refrigeration installation, management and maintenance services. Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

Page 3

 


BCAS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the most appropriate basis.

Depreciation is provided on the following basis:

Leasehold Improvements
-
Straight line over 6 years
Plant and machinery
-
15% Reducing balance
Motor vehicles
-
25% Reducing balance
Office equipment
-
33% Straight line on IT Equipment, 15% Reducing balance on Other

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2023 - 16).

Page 4

 


BCAS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Improvements to leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 January 2024
21,204
7,025
98,861
3,726
130,816


Additions
-
-
27,400
4,545
31,945


Disposals
-
(4,555)
(13,000)
-
(17,555)



At 31 December 2024

21,204
2,470
113,261
8,271
145,206



Depreciation


At 1 January 2024
21,204
4,714
78,672
185
104,775


Charge for the year on owned assets
-
1,026
10,758
1,682
13,466


Disposals
-
(3,407)
(12,630)
-
(16,037)



At 31 December 2024

21,204
2,333
76,800
1,867
102,204



Net book value



At 31 December 2024
-
137
36,461
6,404
43,002



At 31 December 2023
-
2,311
20,189
3,541
26,041

Page 5

 


BCAS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
183,802
217,820

Other debtors
15
42

Prepayments and accrued income
40,027
35,327

223,844
253,189



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
29,000
29,000

Trade creditors
186,917
145,463

Corporation tax
9,508
10,685

Other taxation and social security
60,247
54,080

Other creditors
169,787
168,080

Accruals and deferred income
34,152
19,493

489,611
426,801



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
9,667
38,667

9,667
38,667


Secured loans
The company has a fixed and floating charge dated 21 August 2012 secured over the undertaking and all property and assets present and future in favour of Close Brothers. At the balance sheet date £169,347 (2023: 168,080) was owed to the factoring company.
Other banking facilities are secured by a mortgage debenture dated 5 June 1989 over all current and future assets of the company. It is further supported by T S Davison and D J Parfitt who have jointly and severally provided a £65,000 personal guarantee in respect of the company's indebtedness to the bank.
The loan amount of £38,667 included within creditors is guaranteed under the Coronavirus Business Interruption Loan Scheme (CBILS) by the UK Government.

Page 6

 


BCAS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Commitments under operating leases

At 31 December 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
56,000
14,933

Later than 1 year and not later than 5 years
70,933
-

126,933
14,933

 
Page 7