Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 03802757 Mr Terry Dennis Mrs Susan Overland Mr Mark Emery Online Corporate Secretaries Ltd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03802757 2023-07-31 03802757 2024-07-31 03802757 2023-08-01 2024-07-31 03802757 frs-core:CurrentFinancialInstruments 2024-07-31 03802757 frs-core:Non-currentFinancialInstruments 2024-07-31 03802757 frs-core:BetweenOneFiveYears 2024-07-31 03802757 frs-core:FurnitureFittings 2024-07-31 03802757 frs-core:FurnitureFittings 2023-08-01 2024-07-31 03802757 frs-core:FurnitureFittings 2023-07-31 03802757 frs-core:NetGoodwill 2024-07-31 03802757 frs-core:NetGoodwill 2023-08-01 2024-07-31 03802757 frs-core:NetGoodwill 2023-07-31 03802757 frs-core:MotorVehicles 2024-07-31 03802757 frs-core:MotorVehicles 2023-08-01 2024-07-31 03802757 frs-core:MotorVehicles 2023-07-31 03802757 frs-core:PlantMachinery 2024-07-31 03802757 frs-core:PlantMachinery 2023-08-01 2024-07-31 03802757 frs-core:PlantMachinery 2023-07-31 03802757 frs-core:WithinOneYear 2024-07-31 03802757 frs-core:OtherReservesSubtotal 2024-07-31 03802757 frs-core:ShareCapital 2024-07-31 03802757 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 03802757 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03802757 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 03802757 frs-bus:SmallEntities 2023-08-01 2024-07-31 03802757 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 03802757 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 03802757 frs-bus:Director1 2023-08-01 2024-07-31 03802757 frs-bus:Director2 2023-08-01 2024-07-31 03802757 frs-bus:Director3 2023-08-01 2024-07-31 03802757 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 03802757 frs-countries:EnglandWales 2023-08-01 2024-07-31 03802757 2022-07-31 03802757 2023-07-31 03802757 2022-08-01 2023-07-31 03802757 frs-core:CurrentFinancialInstruments 2023-07-31 03802757 frs-core:Non-currentFinancialInstruments 2023-07-31 03802757 frs-core:BetweenOneFiveYears 2023-07-31 03802757 frs-core:WithinOneYear 2023-07-31 03802757 frs-core:OtherReservesSubtotal 2023-07-31 03802757 frs-core:ShareCapital 2023-07-31 03802757 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 03802757
Bulldog Steel Fabrications Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Focal Business Group Limited
Chartered Institue of Management Accountants
4A Church Street
Market Harborough
Leicestershire
LE16 7AA
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03802757
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 98,641 104,090
98,641 104,090
CURRENT ASSETS
Stocks 6 44,027 48,897
Debtors 7 229,386 202,672
Cash at bank and in hand 476,859 518,832
750,272 770,401
Creditors: Amounts Falling Due Within One Year 8 (155,419 ) (152,137 )
NET CURRENT ASSETS (LIABILITIES) 594,853 618,264
TOTAL ASSETS LESS CURRENT LIABILITIES 693,494 722,354
Creditors: Amounts Falling Due After More Than One Year 9 (433,385 ) (436,622 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,803 ) (14,889 )
NET ASSETS 248,306 270,843
CAPITAL AND RESERVES
Called up share capital 1,002 1,002
Other reserves (63,000 ) (63,000 )
Profit and Loss Account 310,304 332,841
SHAREHOLDERS' FUNDS 248,306 270,843
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For the year ending 31 July 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Terry Dennis
Director
Mrs Susan Overland
Director
Mr Mark Emery
Director
19 March 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bulldog Steel Fabrications Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03802757 . The registered office is Grange Nurseries, Beeston Green, Sandy, Bedfordshire, SG19 1PG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.7. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
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2.8. Pensions
For a defined benefit scheme, the liability recorded in the balance sheet is the present value of the defined obligation at that date. The defined benefit obligation is calculated on an annual basis by independent actuaries.

Actuarial gains and losses are recognised in full in the period in which they occur and are shown in Other Comprehensive Income.

Current and past service costs, along with settlements or curtailments, are charged to the Income Statement. Interest on pension plan liabilities are recognised within finance expense.
2.9. Provisions
Provisions are recognised when the Company has a present legal or constructive obligation arising as a result of a past event, it is
probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made.

Provisions are measured at the present value of the expenditures expected to be required to settle the obligation taking into
account the risks and uncertainties surrounding the obligation.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 9)
8 9
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 10,000
As at 31 July 2024 10,000
Amortisation
As at 1 August 2023 10,000
As at 31 July 2024 10,000
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 -
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 August 2023 608,799 162,529 36,966 808,294
Additions 23,370 - - 23,370
As at 31 July 2024 632,169 162,529 36,966 831,664
Depreciation
As at 1 August 2023 558,165 113,732 32,307 704,204
Provided during the period 15,454 12,200 1,165 28,819
As at 31 July 2024 573,619 125,932 33,472 733,023
Net Book Value
As at 31 July 2024 58,550 36,597 3,494 98,641
As at 1 August 2023 50,634 48,797 4,659 104,090
6. Stocks
2024 2023
£ £
Stock 44,027 48,897
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 166,819 134,617
Other debtors 62,567 68,055
229,386 202,672
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,574 5,910
Trade creditors 54,702 76,242
Other creditors 20,639 10,636
Taxation and social security 75,504 59,349
155,419 152,137
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,385 11,622
Other creditors 425,000 425,000
433,385 436,622
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,574 5,910
Later than one year and not later than five years 8,385 11,622
12,959 17,532
12,959 17,532
11. Pension Commitments
The Company has agreed to fund a defined benefit pension scheme in respect of key employees. The most recent actuarial valuation of the obligations of £425,000 was on 31/07/2019.

The principal assumptions used are:
- Discount rate – 2.0%
- Inflation RPI – 3.2%
- Inflation CPI – 2.0%
- Pre and Post Retirement mortality – S2PA tables with improvements in the CMI 2018 model and a long term rate of improvement of 1.25%

Present value of defined benefit obligations £425,000
Fair value of scheme assets £0
Liability recognised in the balance sheet £425,000

Movements in the present value of the defined benefit obligations were as follows:

2019
At the beginning of the year £203,000
Current Service Cost £150,000
Interest cost £8,000
Actuarial losses £64,000
At the end of the year £425,000
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