Company Registration No. SC207446 (Scotland)
B G Vent Limited
Unaudited accounts
for the year ended 31 May 2024
B G Vent Limited
Unaudited accounts
Contents
B G Vent Limited
Company Information
for the year ended 31 May 2024
Directors
Fraser Galloway
Murray Galloway
Susan Galloway
William Galloway
Alan Stuart
Company Number
SC207446 (Scotland)
Registered Office
2 Hillbank
Inverkeithing
Fife
KY11 1BS
Scotland
Accountants
SBS Accountancy
19 The Heathery
Dunfermline
Fife
KY11 8TS
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
B G Vent Limited
for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of B G Vent Limited for the year ended 31 May 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
SBS Accountancy
Member in Practice
19 The Heathery
Dunfermline
Fife
KY11 8TS
25 February 2025
B G Vent Limited
Statement of financial position
as at 31 May 2024
Tangible assets
37,594
48,824
Cash at bank and in hand
141,603
38,476
Creditors: amounts falling due within one year
(90,415)
(136,865)
Net current assets
462,998
416,416
Total assets less current liabilities
500,592
465,240
Provisions for liabilities
Other provisions
(39,150)
(33,383)
Net assets
461,442
431,857
Called up share capital
1,000
1,000
Profit and loss account
460,442
430,857
Shareholders' funds
461,442
431,857
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by
Murray Galloway
Director
Company Registration No. SC207446
B G Vent Limited
Notes to the Accounts
for the year ended 31 May 2024
B G Vent Limited is a private company, limited by shares, registered in Scotland, registration number SC207446. The registered office is 2 Hillbank, Inverkeithing, Fife, KY11 1BS, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance method
Motor vehicles
25% reducing balance method
Fixtures & fittings
25% reducing balance method
Computer equipment
33.33% reducing balance methiod
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2023
45,884
310,138
13,421
5,253
374,696
Additions
852
-
-
353
1,205
At 31 May 2024
46,736
310,138
13,421
5,606
375,901
At 1 June 2023
40,888
268,469
13,264
3,251
325,872
Charge for the year
1,302
10,417
39
677
12,435
At 31 May 2024
42,190
278,886
13,303
3,928
338,307
At 31 May 2024
4,546
31,252
118
1,678
37,594
At 31 May 2023
4,996
41,669
157
2,002
48,824
B G Vent Limited
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
381,733
482,689
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
64,218
87,348
Taxes and social security
14,864
17,697
Loans from directors
10,672
8,631
7
Average number of employees
During the year the average number of employees was 26 (2023: 25).