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REGISTERED NUMBER: 06665490 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

BBC Formwork Limited

BBC Formwork Limited (Registered number: 06665490)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BBC Formwork Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: J G Cooper





REGISTERED OFFICE: Woodend
The Crescent
Scarborough
North Yorkshire
YO11 2PW





REGISTERED NUMBER: 06665490 (England and Wales)





ACCOUNTANTS: Edward Milnes & Co
Woodend
The Crescent
Scarborough
North Yorkshire
YO11 2PW

BBC Formwork Limited (Registered number: 06665490)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70,547 88,766

CURRENT ASSETS
Debtors 5 324,655 264,380
Cash at bank 68,116 140,188
392,771 404,568
CREDITORS
Amounts falling due within one year 6 132,807 271,795
NET CURRENT ASSETS 259,964 132,773
TOTAL ASSETS LESS CURRENT
LIABILITIES

330,511

221,539

CREDITORS
Amounts falling due after more than one
year

7

(6,667

)

(24,838

)

PROVISIONS FOR LIABILITIES (16,084 ) (20,420 )
NET ASSETS 307,760 176,281

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 60 60
Retained earnings 307,600 176,121
307,760 176,281

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BBC Formwork Limited (Registered number: 06665490)

Balance Sheet - continued
30 September 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 March 2025 and were signed by:





J G Cooper - Director


BBC Formwork Limited (Registered number: 06665490)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

BBC Formwork 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance and 10% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost and 10% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

BBC Formwork Limited (Registered number: 06665490)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2023 8,738 85,429 5,230
Additions - - -
Disposals - - -
At 30 September 2024 8,738 85,429 5,230
DEPRECIATION
At 1 October 2023 1,653 28,468 1,690
Charge for year 874 8,544 386
Eliminated on disposal - - -
At 30 September 2024 2,527 37,012 2,076
NET BOOK VALUE
At 30 September 2024 6,211 48,417 3,154
At 30 September 2023 7,085 56,961 3,540

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 79,565 3,347 182,309
Additions 2,000 - 2,000
Disposals (36,243 ) - (36,243 )
At 30 September 2024 45,322 3,347 148,066
DEPRECIATION
At 1 October 2023 58,870 2,862 93,543
Charge for year 4,911 159 14,874
Eliminated on disposal (30,898 ) - (30,898 )
At 30 September 2024 32,883 3,021 77,519
NET BOOK VALUE
At 30 September 2024 12,439 326 70,547
At 30 September 2023 20,695 485 88,766

BBC Formwork Limited (Registered number: 06665490)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 October 2023 51,000
Transfer to ownership (51,000 )
At 30 September 2024 -
DEPRECIATION
At 1 October 2023 11,443
Charge for year 5,934
Transfer to ownership (17,377 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 39,557

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 324,655 264,380

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 15,717
Trade creditors 45,111 16,342
Taxation and social security 52,178 71,068
Other creditors 25,518 158,668
132,807 271,795

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 6,667 16,667
Hire purchase contracts - 8,171
6,667 24,838

BBC Formwork Limited (Registered number: 06665490)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Hire purchase contracts - 23,888

9. OTHER FINANCIAL COMMITMENTS

The company has entered into a operating lease for premises. The future minimum lease payments due are as follows:

£

Less than one year3,961
More than one year and not later than five years-

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £29,377 (2023 - £31,021) were paid to the director .

J G Cooper and his wife Mrs L L Cooper, who is also a substantial shareholder in the company, have granted the company a loan with no specific terms of repayment. The movements during the year were as follows:

£

Balance at 1 October 2023 82,733

Advances 93,990

Repayments (170,900 )
Balance at 30 September 2024 5,823

Interest has been accrued at 8%, totalling £2,854 for the year (2023 - £12,130).

On 29 July 2020, the company entered into an agreement to lease premises from BBCF Developments Ltd, a company under the control of J G Cooper, for a period of 5 years. The lease is on normal commercial terms, and the charge included within the profit and loss account is £4,800 (2023 - £4,800).

During the year, the company granted a loan to BBC Formwork (NE) Ltd, a company in which J G Cooper is a significant shareholder, repayable within one year. The movements during the year were as follows:

£

Balance at 1 October 2023 43

Advances 21,486

Repayments (8,634 )
Balance at 30 September 2023 12,895

BBC Formwork Limited (Registered number: 06665490)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

11. CONTROLLING PARTY

The controlling party is J G Cooper and Mrs L L Cooper.