Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-31No description of principal activityfalse2023-11-01false55truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC212297 2023-11-01 2024-10-31 SC212297 2022-11-01 2023-10-31 SC212297 2024-10-31 SC212297 2023-10-31 SC212297 c:CompanySecretary1 2023-11-01 2024-10-31 SC212297 c:Director1 2023-11-01 2024-10-31 SC212297 c:Director2 2023-11-01 2024-10-31 SC212297 c:RegisteredOffice 2023-11-01 2024-10-31 SC212297 d:Buildings 2023-11-01 2024-10-31 SC212297 d:Buildings 2024-10-31 SC212297 d:Buildings 2023-10-31 SC212297 d:Buildings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC212297 d:PlantMachinery 2023-11-01 2024-10-31 SC212297 d:PlantMachinery 2024-10-31 SC212297 d:PlantMachinery 2023-10-31 SC212297 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC212297 d:MotorVehicles 2023-11-01 2024-10-31 SC212297 d:MotorVehicles 2024-10-31 SC212297 d:MotorVehicles 2023-10-31 SC212297 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC212297 d:OfficeEquipment 2023-11-01 2024-10-31 SC212297 d:OfficeEquipment 2024-10-31 SC212297 d:OfficeEquipment 2023-10-31 SC212297 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC212297 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC212297 d:CurrentFinancialInstruments 2024-10-31 SC212297 d:CurrentFinancialInstruments 2023-10-31 SC212297 d:Non-currentFinancialInstruments 2024-10-31 SC212297 d:Non-currentFinancialInstruments 2023-10-31 SC212297 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 SC212297 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 SC212297 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 SC212297 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 SC212297 d:ShareCapital 2024-10-31 SC212297 d:ShareCapital 2023-10-31 SC212297 d:RetainedEarningsAccumulatedLosses 2024-10-31 SC212297 d:RetainedEarningsAccumulatedLosses 2023-10-31 SC212297 c:OrdinaryShareClass1 2023-11-01 2024-10-31 SC212297 c:OrdinaryShareClass1 2024-10-31 SC212297 c:OrdinaryShareClass1 2023-10-31 SC212297 c:FRS102 2023-11-01 2024-10-31 SC212297 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC212297 c:FullAccounts 2023-11-01 2024-10-31 SC212297 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC212297 6 2023-11-01 2024-10-31 SC212297 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC212297










B.D. SUPPLIES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

 
B.D. SUPPLIES LIMITED
 

COMPANY INFORMATION


DIRECTORS
Mrs J Donaldson 
Mr B Donaldson 




COMPANY SECRETARY
Mrs J Donaldson



REGISTERED NUMBER
SC212297



REGISTERED OFFICE
Tinarra
Tippermallo Road

Methven

Perthshire

PH1 3QL




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
B.D. SUPPLIES LIMITED
REGISTERED NUMBER: SC212297

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 4 
554,877
357,990

Investments
 5 
121,455
81,455

  
676,332
439,445

CURRENT ASSETS
  

Stocks
  
298,234
376,324

Debtors: amounts falling due within one year
 6 
314,514
355,625

Cash at bank and in hand
  
315,401
411,623

  
928,149
1,143,572

Creditors: amounts falling due within one year
 7 
(621,195)
(677,247)

NET CURRENT ASSETS
  
 
 
306,954
 
 
466,325

TOTAL ASSETS LESS CURRENT LIABILITIES
  
983,286
905,770

Creditors: amounts falling due after more than one year
 8 
(82,602)
(77,832)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(129,136)
(80,648)

  
 
 
(129,136)
 
 
(80,648)

NET ASSETS
  
771,548
747,290


CAPITAL AND RESERVES
  

Called up share capital 
 9 
100
100

Profit and loss account
  
771,448
747,190

  
771,548
747,290


Page 1

 
B.D. SUPPLIES LIMITED
REGISTERED NUMBER: SC212297

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 April 2025.




Mr B Donaldson
Mrs J Donaldson
Director
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
B.D. SUPPLIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


GENERAL INFORMATION

B.D. Supplies Limited is a private company, limited by shares, incorporated in Scotland with registration number SC212297. The registered office is Tinarra Tippermallo Road, Methven, Perth, Perthshire, PH1 3QL.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
B.D. SUPPLIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
B.D. SUPPLIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.6

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Motor vehicles
-
25%
Office equipment
-
30%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
B.D. SUPPLIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.8

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.10

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).

Page 6

 
B.D. SUPPLIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


TANGIBLE FIXED ASSETS





Heritable property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



COST OR VALUATION


At 1 November 2023
27,339
155,561
605,342
2,172
790,414


Additions
191,018
4,000
100,949
-
295,967


Disposals
-
-
(50,265)
-
(50,265)



At 31 October 2024

218,357
159,561
656,026
2,172
1,036,116



DEPRECIATION


At 1 November 2023
-
100,366
330,039
2,019
432,424


Charge for the year on owned assets
-
14,801
72,247
45
87,093


Disposals
-
-
(38,278)
-
(38,278)



At 31 October 2024

-
115,167
364,008
2,064
481,239



NET BOOK VALUE



At 31 October 2024
218,357
44,394
292,018
108
554,877



At 31 October 2023
27,339
55,195
275,303
153
357,990


5.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies

£



COST OR VALUATION


At 1 November 2023
81,455


Additions
40,000



At 31 October 2024
121,455




Page 7

 
B.D. SUPPLIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

6.


DEBTORS

2024
2023
£
£


Trade debtors
261,295
323,374

Other debtors
42,388
22,477

Prepayments and accrued income
10,831
9,774

314,514
355,625



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
287,620
155,328

Obligations under finance lease and hire purchase contracts
74,102
54,771

Other creditors
255,423
463,548

Accruals and deferred income
4,050
3,600

621,195
677,247


The following liabilities were secured:

2024
2023
£
£



Hire purchase obligations
74,102
54,771

74,102
54,771

Details of security provided:

The hire purchase creditors are secured against the underlying asset purchased.

Page 8

 
B.D. SUPPLIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
82,602
77,832

82,602
77,832


The following liabilities were secured:

2024
2023
£
£



Hire purchase obligations
82,602
77,832

82,602
77,832

Details of security provided:

The hire purchase creditors are secured against the underlying asset purchased.


9.


SHARE CAPITAL

2024
2023
£
£
AUTHORISED, ALLOTTED, CALLED UP AND FULLY PAID



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



Page 9