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REGISTERED NUMBER: 12979876 (England and Wales)












Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 30 June 2024

for

Bauvill Group Limited

Bauvill Group Limited (Registered number: 12979876)






Contents of the Consolidated Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Consolidated Income Statement 9

Consolidated Other Comprehensive Income 10

Consolidated Statement of Financial Position 11

Company Statement of Financial Position 12

Consolidated Statement of Changes in Equity 13

Company Statement of Changes in Equity 14

Consolidated Statement of Cash Flows 15

Notes to the Consolidated Statement of Cash Flows 16

Notes to the Consolidated Financial Statements 17


Bauvill Group Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D J South
Ms K Houghton-Hunt
J P Donoghue





SECRETARY: Ms C L Evans





REGISTERED OFFICE: 52-54 Sir Thomas Longley Road
Medway City Estate
Rochester
Kent
ME2 4DP





REGISTERED NUMBER: 12979876 (England and Wales)





INDEPENDENT AUDITORS: Ardor Business Solutions Limited
Statutory Auditors
Chartered Certified Accountants
Unit 1
Shrine Barn
Sandling Road
Hythe
Kent
CT21 4HE

Bauvill Group Limited (Registered number: 12979876)

Group Strategic Report
for the Year Ended 30 June 2024

The directors present their strategic report of the company and the group for the year ended 30 June 2024.

REVIEW OF BUSINESS
The Director's review is consistent with the size and non-complex nature of the business.
The company continues to operate in the construction industry and has over 9 years experience, with the
governance of directors boasting extensive knowledge in the field.

PRINCIPAL RISKS AND UNCERTAINTIES
The company continues to operate in the construction industry where the demand is influenced by economic
conditions, government policies, and demographic trends. It is crucial for the company to stay abreast of
market changes to align its strategies accordingly. Prudent risk management and an ability to adapt to
uncertainties are critical for the company's sustained success. By identifying, assessing, and mitigating
various risks, the company looks to navigate challenges effectively, ensuring resilience and competitiveness
in a dynamic construction industry. Continuous monitoring and updating of risk management strategies will be
essential in the ever-evolving business landscape.

Inflation is on the rise leading to increased costs of supplies and the potential for supply issues. The company
regularly reviews costs of current suppliers against industry standard to ensure the best prices are attained
and where suitable, bulk discounts received.

Trade Debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to
the customers and the regular monitoring of amounts of both time and credit limits. Provision for doubtful
debts is made as necessary.

Liquidity Risk
The company monitors and reviews liquidity risks regularly on an ongoing basis and also as part of the
planning process. The Directors consider short-term requirements against available sources of funding,
taking into account cash flow and response to any identified needs as necessary to support the business.

Credit Risk
The company's credit risk relates to recovery of amounts owed by customers for invoiced sales. The credit
risk is managed by regular monitoring of outstanding amounts.

TURNOVER, GROSS PROFIT AND OPERATING PROFIT
Gross profit margin for the year for the company was 12% (2023: 12%) and operating profit margin was 0.5% (2023: 0.9%). The company seeks to provide growth in earnings through improved efficiencies and operations in light of market conditions.

Markets have proven to be difficult and the company is seeking improved volumes to be able to command better sales prices which are volume related. The generation of earnings is essential to deliver growth and to fund future growth in the business. Overheads are reviewed, monitored and controlled by management on a regular basis.

Financial Indicators - Turnover (consolidated):

30th June 2024 - £23,478,572

30th June 2023 - £18,467,585

ON BEHALF OF THE BOARD:





D J South - Director


20 March 2025

Bauvill Group Limited (Registered number: 12979876)

Report of the Directors
for the Year Ended 30 June 2024

The directors present their report with the financial statements of the company and the group for the year ended 30 June 2024.

DIVIDENDS
An interim dividend of £777.78 per share was paid on 3 April 2024. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 30 June 2024 will be £ 70,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2023 to the date of this report.

D J South
Ms K Houghton-Hunt

Other changes in directors holding office are as follows:

R S Adams - resigned 5 July 2023
J P Donoghue - appointed 5 July 2023

POLITICAL DONATIONS AND EXPENDITURE
No political donations were made during the year.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

Bauvill Group Limited (Registered number: 12979876)

Report of the Directors
for the Year Ended 30 June 2024


AUDITORS
The auditors, Ardor Business Solutions Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





D J South - Director


20 March 2025

Report of the Independent Auditors to the Members of
Bauvill Group Limited

Opinion
We have audited the financial statements of Bauvill Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 June 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Statement of Financial Position, Company Statement of Financial Position, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Statement of Cash Flows and Notes to the Consolidated Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 30 June 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Bauvill Group Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Bauvill Group Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience through discussion with the Officers and other management (as required by auditing standards).

We had regard to laws and regulations in areas that directly affect the financial statements including financial reporting and taxation legislation. We considered that extent of compliance with those laws and regulations as part of our procedures on the related financial statement items.

With the exception of any known or possible non-compliance, and as required by auditing standards, our work in respect of these was limited to enquiry of the Officers.

We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

We addressed the risk of fraud through management override of controls, by testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Bauvill Group Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Bryan Michael Kemsley FCCA FMAAT (Senior Statutory Auditor)
for and on behalf of Ardor Business Solutions Limited
Statutory Auditors
Chartered Certified Accountants
Unit 1
Shrine Barn
Sandling Road
Hythe
Kent
CT21 4HE

27 March 2025

Bauvill Group Limited (Registered number: 12979876)

Consolidated
Income Statement
for the Year Ended 30 June 2024

30/6/24 30/6/23
Notes £    £   

TURNOVER 23,478,572 18,467,585

Cost of sales 20,744,860 16,196,210
GROSS PROFIT 2,733,712 2,271,375

Administrative expenses 2,607,192 2,113,722
OPERATING PROFIT 4 126,520 157,653

Interest receivable and similar income 40,749 15,590
167,269 173,243

Interest payable and similar expenses 5 17,169 18,243
PROFIT BEFORE TAXATION 150,100 155,000

Tax on profit 6 (38,489 ) (167,800 )
PROFIT FOR THE FINANCIAL YEAR 188,589 322,800
Profit attributable to:
Owners of the parent 188,589 322,800

Bauvill Group Limited (Registered number: 12979876)

Consolidated
Other Comprehensive Income
for the Year Ended 30 June 2024

30/6/24 30/6/23
Notes £    £   

PROFIT FOR THE YEAR 188,589 322,800


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

188,589

322,800

Total comprehensive income attributable to:
Owners of the parent 188,589 322,800

Bauvill Group Limited (Registered number: 12979876)

Consolidated Statement of Financial Position
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 9 68,000 -
Tangible assets 10 790,881 561,799
Investments 11 - -
858,881 561,799

CURRENT ASSETS
Stocks 12 5,000 4,100
Debtors 13 5,755,134 4,820,506
Cash at bank 2,672,569 2,711,118
8,432,703 7,535,724
CREDITORS
Amounts falling due within one year 14 5,269,089 3,892,088
NET CURRENT ASSETS 3,163,614 3,643,636
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,022,495

4,205,435

CREDITORS
Amounts falling due after more than one
year

15

(258,167

)

(268,663

)

PROVISIONS FOR LIABILITIES 18 (67,248 ) (59,238 )
NET ASSETS 3,697,080 3,877,534

CAPITAL AND RESERVES
Called up share capital 19 90 100
Capital redemption reserve 20 10 -
Retained earnings 20 3,696,980 3,877,434
SHAREHOLDERS' FUNDS 3,697,080 3,877,534

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:





D J South - Director


Bauvill Group Limited (Registered number: 12979876)

Company Statement of Financial Position
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 9 - -
Tangible assets 10 - -
Investments 11 300 100
300 100

CURRENT ASSETS
Debtors 13 749,501 360,000
Cash at bank 1,220 -
750,721 360,000
CREDITORS
Amounts falling due within one year 14 475,460 10,360
NET CURRENT ASSETS 275,261 349,640
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,561

349,740

CAPITAL AND RESERVES
Called up share capital 19 90 100
Capital redemption reserve 20 10 -
Retained earnings 20 275,461 349,640
SHAREHOLDERS' FUNDS 275,561 349,740

Company's profit for the financial year 294,864 320,000

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:





D J South - Director


Bauvill Group Limited (Registered number: 12979876)

Consolidated Statement of Changes in Equity
for the Year Ended 30 June 2024

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 July 2022 100 3,754,634 - 3,754,734

Changes in equity
Dividends - (200,000 ) - (200,000 )
Total comprehensive income - 322,800 - 322,800
Balance at 30 June 2023 100 3,877,434 - 3,877,534

Changes in equity
Reduction in share capital (10 ) - - (10 )
Purchase of own shares - (299,033 ) - (299,033 )
Dividends - (70,000 ) - (70,000 )
Total comprehensive income - 188,579 10 188,589
Balance at 30 June 2024 90 3,696,980 10 3,697,080

Bauvill Group Limited (Registered number: 12979876)

Company Statement of Changes in Equity
for the Year Ended 30 June 2024

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 July 2022 100 229,640 - 229,740

Changes in equity
Dividends - (200,000 ) - (200,000 )
Total comprehensive income - 320,000 - 320,000
Balance at 30 June 2023 100 349,640 - 349,740

Changes in equity
Reduction in share capital (10 ) - - (10 )
Purchase of own shares - (299,033 ) - (299,033 )
Dividends - (70,000 ) - (70,000 )
Total comprehensive income - 294,854 10 294,864
Balance at 30 June 2024 90 275,461 10 275,561

Bauvill Group Limited (Registered number: 12979876)

Consolidated Statement of Cash Flows
for the Year Ended 30 June 2024

30/6/24 30/6/23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 538,378 (107,143 )
Interest paid (11,061 ) (15,585 )
Interest element of hire purchase
payments paid

(6,108

)

(2,658

)
Tax paid 187,512 62,005
Net cash from operating activities 708,721 (63,381 )

Cash flows from investing activities
Purchase of intangible fixed assets (80,000 ) -
Purchase of tangible fixed assets (392,087 ) (46,973 )
Sale of tangible fixed assets 39,267 413,999
Sale of fixed asset investments - 360,000
Interest received 40,749 15,590
Net cash from investing activities (392,071 ) 742,616

Cash flows from financing activities
Loan repayments in year (162,504 ) (380,996 )
Capital repayments in year 170,359 (41,527 )
Amount introduced by directors 5,989 -
Amount withdrawn by directors - (5,698 )
Share issue - 100
Share buyback (10 ) -
Share premium (299,033 ) -
Equity dividends paid (70,000 ) (200,000 )
Net cash from financing activities (355,199 ) (628,121 )

(Decrease)/increase in cash and cash equivalents (38,549 ) 51,114
Cash and cash equivalents at
beginning of year

2

2,711,118

2,660,004

Cash and cash equivalents at end of
year

2

2,672,569

2,711,118

Bauvill Group Limited (Registered number: 12979876)

Notes to the Consolidated Statement of Cash Flows
for the Year Ended 30 June 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

30/6/24 30/6/23
£    £   
Profit before taxation 150,100 155,000
Depreciation charges 104,637 89,370
Loss/(profit) on disposal of fixed assets 31,101 (19,928 )
Finance costs 17,169 18,243
Finance income (40,749 ) (15,590 )
262,258 227,095
(Increase)/decrease in stocks (900 ) 46,922
Increase in trade and other debtors (1,128,090 ) (56,363 )
Increase/(decrease) in trade and other creditors 1,405,110 (324,797 )
Cash generated from operations 538,378 (107,143 )

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 30 June 2024
30/6/24 1/7/23
£    £   
Cash and cash equivalents 2,672,569 2,711,118
Year ended 30 June 2023
30/6/23 1/7/22
£    £   
Cash and cash equivalents 2,711,118 2,815,200
Bank overdrafts - (155,196 )
2,711,118 2,660,004


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1/7/23 Cash flow At 30/6/24
£    £    £   
Net cash
Cash at bank 2,711,118 (38,549 ) 2,672,569
2,711,118 (38,549 ) 2,672,569
Debt
Finance leases (38,249 ) (170,359 ) (208,608 )
Debts falling due within 1 year (162,504 ) - (162,504 )
Debts falling due after 1 year (243,740 ) 162,504 (81,236 )
(444,493 ) (7,855 ) (452,348 )
Total 2,266,625 (46,404 ) 2,220,221

Bauvill Group Limited (Registered number: 12979876)

Notes to the Consolidated Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Bauvill Group 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 General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


Amounts are rounded to the nearest Pound Sterling.

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" 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Long leasehold - 2% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 30% on cost for 3 years, 5% after and 18.33% on cost for 3 years, 15% after
Computer equipment - straight line over 3 years

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Bauvill Group Limited (Registered number: 12979876)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets
Basic financial assets, including trade and other receivables, cash and bank balances and investments
in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a
financing transaction, where the transaction is measured at the present value of the future receipts
discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for
objective evidence of impairment. If an asset is impaired the impairment loss is the difference between
the carrying amount and the present value of the estimated cash flows discounted at the asset’s
original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was
recognised, the impairment is reversed. The reversal is such that the current carrying amount does not
exceed what the carrying amount would have been had the impairment not previously been
recognised. The impairment reversal is recognised in profit or loss.

Other financial assets, including investments in equity instruments which are not subsidiaries,
associates or joint ventures, are initially measured at fair value, which is normally the transaction price.
Such assets are subsequently carried at fair value and the changes in fair value are recognised in
profit or loss, except that investments in equity instruments that are not publicly traded and whose fair
values cannot be measured reliably are measured at cost less impairment.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset
expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are
transferred to another party, or (c) despite having retained some significant risks and rewards of
ownership, control of the asset has been transferred to another party who has the practical ability to
unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group
companies and preference shares that are classified as debt, are initially recognised at transaction
price, unless the arrangement constitutes a financing transaction, where the debt instrument is
measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the
extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is
deferred until the draw-down occurs. To the extent there is no evidence that it is probable that some or
all of the facility will be drawn down, the fee is capitalised as a prepayment for liquidity services and
amortised over the period of the facility to which it relates.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary
course of business from suppliers. Accounts payable are classified as current liabilities if payment is
due within one year or less. If not, they are presented as non-current liabilities. Trade payables are
recognised initially at transaction price and subsequently measured at amortised cost using the
effective interest method.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic
financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract
is entered into and are subsequently re-measured at their fair value. Changes in the fair value of
derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless
they are included in a hedging arrangement.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual
obligation is discharged, cancelled or expires.

Bauvill Group Limited (Registered number: 12979876)

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

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents
Cash and cash equivalents include cash at bank and in hand, as well as short-term deposits with
original maturities of three months or less. They are measured at nominal value and subject to an
impairment review where applicable.

3. EMPLOYEES AND DIRECTORS
30/6/24 30/6/23
£    £   
Wages and salaries 2,222,926 1,683,470
Social security costs 245,567 189,088
Other pension costs 103,376 24,843
2,571,869 1,897,401

Bauvill Group Limited (Registered number: 12979876)

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

3. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
30/6/24 30/6/23

Directors 4 5
Staff 35 30
39 35

30/6/24 30/6/23
£    £   
Directors' remuneration 297,247 248,675
Directors' pension contributions to money purchase schemes 55,701 -

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 4 4

Information regarding the highest paid director is as follows:
30/6/24 30/6/23
£    £   
Emoluments etc 30,001 75,333
Pension contributions to money purchase schemes 24,712 1,422

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

30/6/24 30/6/23
£    £   
Hire of equipment 190,248 74,885
Depreciation - owned assets 59,640 78,174
Depreciation - assets on hire purchase contracts 32,997 11,196
Loss/(profit) on disposal of fixed assets 31,101 (19,928 )
Goodwill amortisation 12,000 -
Auditors' remuneration 14,000 14,000

5. INTEREST PAYABLE AND SIMILAR EXPENSES
30/6/24 30/6/23
£    £   
Bank loan interest 8,775 15,585
Late payment tax charges 2,286 -
Hire purchase interest 6,108 2,658
17,169 18,243

Bauvill Group Limited (Registered number: 12979876)

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

6. TAXATION

Analysis of the tax credit
The tax credit on the profit for the year was as follows:
30/6/24 30/6/23
£    £   
Current tax:
UK corporation tax 14,262 60,722
Overprovision of Corporation Tax (60,761 ) (247,923 )
Total current tax (46,499 ) (187,201 )

Deferred tax 8,010 19,401
Tax on profit (38,489 ) (167,800 )

Reconciliation of total tax credit included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

30/6/24 30/6/23
£    £   
Profit before tax 150,100 155,000
Profit multiplied by the standard rate of corporation tax in the UK of
19 % (2023 - 19 %)

28,519

29,450

Effects of:
Expenses not deductible for tax purposes 17,629 27,486
Income not taxable for tax purposes - 3,786
Capital allowances in excess of depreciation (19,697 ) -
Utilisation of tax losses (12,189 ) -
Accelerated Capital Allowances 8,010 19,401
Corporation Tax overprovision (60,761 ) (247,923 )
Total tax credit (38,489 ) (167,800 )

7. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


8. DIVIDENDS
30/6/24 30/6/23
£    £   
Ordinary shares of £1 each
Interim 70,000 200,000

Bauvill Group Limited (Registered number: 12979876)

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

9. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
Additions 80,000
At 30 June 2024 80,000
AMORTISATION
Amortisation for year 12,000
At 30 June 2024 12,000
NET BOOK VALUE
At 30 June 2024 68,000

10. TANGIBLE FIXED ASSETS

Group
Long Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 340,155 117,929 213,044 94,210 765,338
Additions 4,000 34,995 304,625 48,467 392,087
Disposals - (32,319 ) (92,111 ) (8,012 ) (132,442 )
At 30 June 2024 344,155 120,605 425,558 134,665 1,024,983
DEPRECIATION
At 1 July 2023 15,308 56,855 73,563 57,813 203,539
Charge for year 6,836 17,858 47,948 19,995 92,637
Eliminated on disposal - (28,146 ) (25,916 ) (8,012 ) (62,074 )
At 30 June 2024 22,144 46,567 95,595 69,796 234,102
NET BOOK VALUE
At 30 June 2024 322,011 74,038 329,963 64,869 790,881
At 30 June 2023 324,847 61,074 139,481 36,397 561,799

Bauvill Group Limited (Registered number: 12979876)

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

10. TANGIBLE FIXED ASSETS - continued

Group

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023 61,090
Additions 232,633
At 30 June 2024 293,723
DEPRECIATION
At 1 July 2023 14,549
Charge for year 32,997
At 30 June 2024 47,546
NET BOOK VALUE
At 30 June 2024 246,177
At 30 June 2023 46,541

11. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertaking
£   
COST
At 1 July 2023 100
Additions 200
At 30 June 2024 300
NET BOOK VALUE
At 30 June 2024 300
At 30 June 2023 100

Bauvill Group Limited (Registered number: 12979876)

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

11. FIXED ASSET INVESTMENTS - continued

The group or the company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Subsidiaries

Bauvill Ltd.
Registered office: 52-54 Sir Thomas Longley Road, Medway City Estate, Rochester, England, ME2 4DP
Nature of business: Construction
%
Class of shares: holding
Ordinary 100.00
30/6/24 30/6/23
£    £   
Aggregate capital and reserves 3,468,720 3,527,894
Profit for the year 240,826 322,880

Bauvill Projects Limited
Registered office: 52-54 Sir Thomas Longley Road, Medway City Estate, Rochester, England, ME2 4DP
Nature of business: Construction
%
Class of shares: holding
Ordinary 100.00
30/6/24
£   
Aggregate capital and reserves 16,260
Profit for the year 16,160

Bauvill Facilities Limited
Registered office: 52-54 Sir Thomas Longley Road, Medway City Estate, Rochester, England, ME2 4DP
Nature of business: Construction
%
Class of shares: holding
Ordinary 100.00
30/6/24 30/6/23
£    £   
Aggregate capital and reserves (67,866 ) 100
Loss for the year (67,966 ) -


12. STOCKS

Group
30/6/24 30/6/23
£    £   
Stocks 2,900 -
Work-in-progress 2,100 4,100
5,000 4,100

Bauvill Group Limited (Registered number: 12979876)

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

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
30/6/24 30/6/23 30/6/24 30/6/23
£    £    £    £   
Trade debtors 1,384,977 1,156,050 - -
Amounts owed by group undertakings - - 329,900 -
Other debtors 1,544,888 1,202,968 419,601 360,000
Inter company account 1,823,032 1,877,579 - -
Directors' current accounts - 5,989 - -
Taxation 61,390 248,863 - -
Prepayments and accrued income 8,000 - - -
Accrued income 179,100 - - -
Prepayments 753,747 329,057 - -
5,755,134 4,820,506 749,501 360,000

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
30/6/24 30/6/23 30/6/24 30/6/23
£    £    £    £   
Bank loans and overdrafts (see note 16) 162,504 162,504 - -
Hire purchase contracts (see note 17) 31,677 13,326 - -
Trade creditors 362,397 308,993 360 360
Amounts owed to group undertakings - - 475,100 -
Tax 14,262 60,722 - -
Social security and other taxes 369,577 266,220 - -
VAT 42,947 - - -
Other creditors 1,206,107 817,373 - 10,000
Accruals and deferred income 3,079,618 2,262,950 - -
5,269,089 3,892,088 475,460 10,360

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group
30/6/24 30/6/23
£    £   
Bank loans (see note 16) 81,236 243,740
Hire purchase contracts (see note 17) 176,931 24,923
258,167 268,663

Bauvill Group Limited (Registered number: 12979876)

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

16. LOANS

An analysis of the maturity of loans is given below:

Group
30/6/24 30/6/23
£    £   
Amounts falling due within one year or on demand:
Bank loans 162,504 162,504
Amounts falling due between two and five years:
Bank loan 81,236 243,740

17. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
30/6/24 30/6/23
£    £   
Net obligations repayable:
Within one year 31,677 13,326
Between one and five years 176,931 24,923
208,608 38,249

18. PROVISIONS FOR LIABILITIES

Group
30/6/24 30/6/23
£    £   
Deferred tax 67,248 59,238

Group
Deferred
tax
£   
Balance at 1 July 2023 59,238
Provided during year 8,010
Balance at 30 June 2024 67,248

19. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/24 30/6/23
value: £    £   
90 Ordinary £1 90 100

During the year 10 Ordinary shares were bought back by the Company at a premium.

Bauvill Group Limited (Registered number: 12979876)

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

20. RESERVES

Group
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 July 2023 3,877,434 - 3,877,434
Profit for the year 188,589 188,589
Dividends (70,000 ) (70,000 )
Purchase of own shares (10 ) 10 -
Purchase of own shares (299,033 ) - (299,033 )
At 30 June 2024 3,696,980 10 3,696,990

Company
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 July 2023 349,640 - 349,640
Profit for the year 294,864 294,864
Dividends (70,000 ) (70,000 )
Purchase of own shares (10 ) 10 -
Purchase of own shares (299,033 ) - (299,033 )
At 30 June 2024 275,461 10 275,471