1 June 2023 false No description of principal activity Taxfiler 2024.6 SC207446business:PrivateLimitedCompanyLtd2023-06-012024-05-31 SC2074462023-05-31 SC2074462023-06-012024-05-31 SC207446business:AuditExemptWithAccountantsReport2023-06-012024-05-31 SC207446business:FilletedAccounts2023-06-012024-05-31 SC2074462024-05-31 SC207446business:Director12023-06-012024-05-31 SC207446business:Director22023-06-012024-05-31 SC207446business:Director32023-06-012024-05-31 SC207446business:Director42023-06-012024-05-31 SC207446business:Director52023-06-012024-05-31 SC207446business:RegisteredOffice2023-06-012024-05-31 SC2074462023-05-31 SC207446core:WithinOneYear2024-05-31 SC207446core:WithinOneYear2023-05-31 SC207446core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 SC207446core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 SC207446core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 SC207446core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 SC207446core:PreviouslyStatedAmount2024-05-31 SC207446core:PreviouslyStatedAmount2023-05-31 SC207446business:SmallEntities2023-06-012024-05-31 SC207446countries:Scotland2023-06-012024-05-31 SC207446core:PlantMachinery2023-06-012024-05-31 SC207446core:MotorVehicles2023-06-012024-05-31 SC207446core:FurnitureFittings2023-06-012024-05-31 SC207446core:ComputerEquipment2023-06-012024-05-31 SC207446core:PlantMachinery2023-05-31 SC207446core:MotorVehicles2023-05-31 SC207446core:FurnitureFittings2023-05-31 SC207446core:ComputerEquipment2023-05-31 SC207446core:PlantMachinery2024-05-31 SC207446core:MotorVehicles2024-05-31 SC207446core:FurnitureFittings2024-05-31 SC207446core:ComputerEquipment2024-05-31 SC2074462022-06-012023-05-31 iso4217:GBP xbrli:pure
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
Page
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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
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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
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B G Vent Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
37,594 
48,824 
Current assets
Inventories
10,000 
10,000 
Debtors
401,810 
504,805 
Cash at bank and in hand
141,603 
38,476 
553,413 
553,281 
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 
Capital and reserves
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
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B G Vent Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
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 
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B G Vent Limited Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
18,972 
21,406 
Trade debtors
381,733 
482,689 
Other debtors
1,105 
710 
401,810 
504,805 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
64,218 
87,348 
Taxes and social security
14,864 
17,697 
Other creditors
661 
1,685 
Loans from directors
10,672 
8,631 
Accruals
- 
21,504 
90,415 
136,865 
7
Average number of employees
During the year the average number of employees was 26 (2023: 25).
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