7 28 March 2025 false false false false false false false false false false true false false false false false false No description of principal activity 2024-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 101,646 73,870 175,516 6,684 xbrli:pure xbrli:shares iso4217:GBP 11722798 2024-02-01 2025-01-31 11722798 2025-01-31 11722798 2024-01-31 11722798 2023-02-01 2024-01-31 11722798 2024-01-31 11722798 2023-01-31 11722798 bus:OrdinaryShareClass1 2024-02-01 2025-01-31 11722798 bus:Director1 2024-02-01 2025-01-31 11722798 core:FurnitureFittings 2024-01-31 11722798 core:FurnitureFittings 2025-01-31 11722798 core:FurnitureFittings 2024-02-01 2025-01-31 11722798 core:WithinOneYear 2025-01-31 11722798 core:WithinOneYear 2024-01-31 11722798 core:ShareCapital 2025-01-31 11722798 core:ShareCapital 2024-01-31 11722798 core:OtherReservesSubtotal 2025-01-31 11722798 core:OtherReservesSubtotal 2024-01-31 11722798 core:RetainedEarningsAccumulatedLosses 2025-01-31 11722798 core:RetainedEarningsAccumulatedLosses 2024-01-31 11722798 core:FurnitureFittings 2024-01-31 11722798 bus:SmallEntities 2024-02-01 2025-01-31 11722798 bus:Audited 2024-02-01 2025-01-31 11722798 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 11722798 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 11722798 bus:FullAccounts 2024-02-01 2025-01-31 11722798 bus:OrdinaryShareClass1 2025-01-31 11722798 bus:OrdinaryShareClass1 2024-01-31 11722798 core:ComputerSoftware 2024-01-31 11722798 core:ComputerSoftware 2024-02-01 2025-01-31 11722798 core:ComputerSoftware 2025-01-31
COMPANY REGISTRATION NUMBER: 11722798
BSA BRANDS (UK) LIMITED
FILLETED FINANCIAL STATEMENTS
31 January 2025
BSA BRANDS (UK) LIMITED
STATEMENT OF FINANCIAL POSITION
31 January 2025
2025
2024
Note
£
£
£
Fixed assets
Intangible assets
5
148,503
94,962
Tangible assets
6
11,093
18,951
----------
----------
159,596
113,913
Current assets
Stocks
952,701
800,470
Debtors
7
440,228
507,733
Cash at bank and in hand
127,971
86,291
-------------
-------------
1,520,900
1,394,494
Creditors: amounts falling due within one year
8
1,271,279
1,010,951
-------------
-------------
Net current assets
249,621
383,543
----------
----------
Total assets less current liabilities
409,217
497,456
----------
----------
Net assets
409,217
497,456
----------
----------
Capital and reserves
Called up share capital
9
1,000
1,000
Other reserves
10
765,402
765,402
Profit and loss account
10
( 357,185)
( 268,946)
----------
----------
Shareholders funds
409,217
497,456
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
BSA BRANDS (UK) LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 January 2025
These financial statements were approved by the board of directors and authorised for issue on 28 March 2025 , and are signed on behalf of the board by:
D J Gazal
Director
Company registration number: 11722798
BSA BRANDS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, England, BN3 2DL, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
In accordance with their responsibilities, the directors have considered the appropriateness of the going concern basis for the preparation of the financial statements. For this purpose, the directors have considered the adequacy of the company's cash resources covering the period 12 months ahead of the approval of these financial statements. The directors have reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis in preparing these financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Exceptional items
Exceptional items are disclosed separately in the financial statements in order to provide further understanding of the financial performance of the entity. They are material items of income or expense that have been shown separately because of their nature or amount.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Software
-
5 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
5 years
Equipment
-
at varying rates on cost
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2024: 7 ).
5. Intangible assets
Software
£
Cost
At 1 February 2024
101,646
Additions
73,870
----------
At 31 January 2025
175,516
----------
Amortisation
At 1 February 2024
6,684
Charge for the year
20,329
----------
At 31 January 2025
27,013
----------
Carrying amount
At 31 January 2025
148,503
----------
At 31 January 2024
94,962
----------
6. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 February 2024
105,787
13,222
119,009
Additions
11,915
11,915
Disposals
( 2,383)
( 2,383)
----------
---------
----------
At 31 January 2025
115,319
13,222
128,541
----------
---------
----------
Depreciation
At 1 February 2024
89,305
10,753
100,058
Charge for the year
16,604
1,257
17,861
Disposals
( 471)
( 471)
----------
---------
----------
At 31 January 2025
105,438
12,010
117,448
----------
---------
----------
Carrying amount
At 31 January 2025
9,881
1,212
11,093
----------
---------
----------
At 31 January 2024
16,482
2,469
18,951
----------
---------
----------
7. Debtors
2025
2024
£
£
Trade debtors
424,296
449,534
Amounts owed by group undertakings and undertakings in which the company has a participating interest
1,136
1,617
Other debtors
14,796
56,582
----------
----------
440,228
507,733
----------
----------
8. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
277,556
240,883
Amounts owed to group undertakings and undertakings in which the company has a participating interest
638,094
631,025
Social security and other taxes
35,568
32,502
Other creditors
320,061
106,541
-------------
-------------
1,271,279
1,010,951
-------------
-------------
9. Called up share capital
Authorised share capital
2025
2024
No.
£
No.
£
Ordinary shares of £ 1 each
1,000
1,000
1,000
1,000
-------
-------
-------
-------
Issued, called up and fully paid
2025
2024
No.
£
No.
£
Ordinary shares of £ 1 each
1,000
1,000
1,000
1,000
-------
-------
-------
-------
Ordinary shares have full voting and dividend rights.
10. Reserves
The others reserves is in relation to the acquisition by Bisley Sales Pty Ltd of the shares, originally held as a joint venture with Stealth Group Holdings Limited. The other reserves was created in the 2022 financial year, when Bisley Sales Pty Ltd purchased 500 shares in BSA from Stealth Group Holdings Limited, at that time it related to loan capital. During the current year, Bisley Sales Pty Ltd transferred it's investment to Ultimate Cleaners (Industrial) Limited as part of a global group reorganisation. As the amount previously contributed (£765,402) had already been recognised in other reserves in prior years, no further adjustments has been recorded in the financial statements of the company. The amount of £765,402 is carried forward as a distributable reserve. The profit and loss reserve is retained earnings and accumulated losses.
11. Summary audit opinion
The auditor's report dated 28 March 2025 was unqualified .
The senior statutory auditor was Charles Homan , for and on behalf of UHY Hacker Young (S.E.) Limited .
12. Related party transactions
The company has taken advantage of exemption under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transaction with group companies where any subsidiary that is party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.
13. Controlling party
The company's immediate parent undertaking is Bisley Sales Pty Ltd, which is registered in Australia. On 15 October 2024, BSA's shares were purchased by Ultimate Cleaners (Industrial) Limited. They are now the immediate parent undertaking, with a registered office being Victoria House, Colliery Road, Wolverhampton WV1 2RD. The ultimate parent company is Protective Industrial Products Inc. Protective Industrial Products Inc is registered in New York, USA. The ultimate parent company prepares group financial statements and can be found at 25 British America Blvd, Latham, NY, USA.