REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
29 September 2023 to 31 December 2024 |
for |
BWL Professional Bid Services Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
29 September 2023 to 31 December 2024 |
for |
BWL Professional Bid Services Ltd |
BWL Professional Bid Services Ltd (Registered number: 13087407) |
Contents of the Financial Statements |
for the Period 29 September 2023 to 31 December 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
BWL Professional Bid Services Ltd |
Company Information |
for the Period 29 September 2023 to 31 December 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
316 Blackpool Road |
Fulwood |
Preston |
Lancashire |
PR2 3AE |
BWL Professional Bid Services Ltd (Registered number: 13087407) |
Balance Sheet |
31 December 2024 |
31.12.24 | 28.9.23 |
Notes | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Work in progress |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
The directors acknowledge their 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. |
BWL Professional Bid Services Ltd (Registered number: 13087407) |
Balance Sheet - continued |
31 December 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
BWL Professional Bid Services Ltd (Registered number: 13087407) |
Notes to the Financial Statements |
for the Period 29 September 2023 to 31 December 2024 |
1. | STATUTORY INFORMATION |
BWL Professional Bid Services Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
The turnover figure is adjusted to include the work in progress movement in the year. |
Work in progress is recognised as income when the amount of revenue can be reliably measured and that it is probable that future economic benefits will flow to the company. |
Intangible assets |
Cryptocurrencies held as investments are initially recorded at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Plant and machinery etc | - |
Work in progress |
Work in progress is recognised based on an assessment by the directors of the proportion of services that have been completed by the period end and the value that this represents. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Trading and Profit and Loss Account, 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. |
BWL Professional Bid Services Ltd (Registered number: 13087407) |
Notes to the Financial Statements - continued |
for the Period 29 September 2023 to 31 December 2024 |
2. | ACCOUNTING POLICIES - continued |
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 period 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 |
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 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 period was |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
Additions |
At 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
BWL Professional Bid Services Ltd (Registered number: 13087407) |
Notes to the Financial Statements - continued |
for the Period 29 September 2023 to 31 December 2024 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 29 September 2023 |
Additions |
At 31 December 2024 |
DEPRECIATION |
At 29 September 2023 |
Charge for period |
At 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
At 28 September 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 28.9.23 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Intercompany | 35,289 | - |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 28.9.23 |
£ | £ |
Other loans |
Trade creditors |
Tax |
Social security and other taxes |
VAT | 45,099 | 86,808 |
Other creditors |
Accrued expenses |
BWL Professional Bid Services Ltd (Registered number: 13087407) |
Notes to the Financial Statements - continued |
for the Period 29 September 2023 to 31 December 2024 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.24 | 28.9.23 |
£ | £ |
Other loans - 1-2 years | 30,000 | 30,000 |
Other loans - 2-5 years | 62,563 | 90,000 |
9. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
31.12.24 | 28.9.23 |
£ | £ |
Within one year |
Between one and five years |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.12.24 | 28.9.23 |
£ | £ |
Other loans |
FW Capital have a debenture dated 27 September 2023 over the borrowings taken. |
11. | RELATED PARTY DISCLOSURES |
During the period the company wrote off inter group loan balances owed by related companies. The balances prior to write off at the period end included amounts owed to the company of £1,227 (2023: £285,522). |
At the period end the company was owed £35,289 from an associated company. The loan was interest free and repayable upon demand. |
12. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |