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REGISTERED NUMBER: 02913927 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

BCS SUPPLIES LTD

BCS SUPPLIES LTD (REGISTERED NUMBER: 02913927)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BCS SUPPLIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: B Ferrer





REGISTERED OFFICE: 35a Vale Road
Portslade
Brighton
East Sussex
BN41 1GD





REGISTERED NUMBER: 02913927 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

BCS SUPPLIES LTD (REGISTERED NUMBER: 02913927)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 99,653 115,280

CURRENT ASSETS
Stocks 5 84,613 101,468
Debtors 6 595,459 157,656
Cash at bank 151,355 139,529
831,427 398,653
CREDITORS
Amounts falling due within one year 7 (325,427 ) (320,011 )
NET CURRENT ASSETS 506,000 78,642
TOTAL ASSETS LESS CURRENT LIABILITIES 605,653 193,922

CREDITORS
Amounts falling due after more than one year 8 (322,257 ) (43,296 )

PROVISIONS FOR LIABILITIES (24,304 ) (28,820 )
NET ASSETS 259,092 121,806

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 258,992 121,706
259,092 121,806

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 May 2025 and were signed by:





B Ferrer - Director


BCS SUPPLIES LTD (REGISTERED NUMBER: 02913927)

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


1. STATUTORY INFORMATION

Bcs Supplies Ltd 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 Company Information page.

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" including the provisions of Section 1A "Small Entities" 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.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the 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 balance sheet date.

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 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 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 year was 9 (2023 - 6 ) .

BCS SUPPLIES LTD (REGISTERED NUMBER: 02913927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 2,236 5,496 138,665 10,464 156,861
Additions - 12,968 2,595 545 16,108
At 31 August 2024 2,236 18,464 141,260 11,009 172,969
DEPRECIATION
At 1 September 2023 1,911 1,743 32,303 5,624 41,581
Charge for year 80 1,374 26,658 3,623 31,735
At 31 August 2024 1,991 3,117 58,961 9,247 73,316
NET BOOK VALUE
At 31 August 2024 245 15,347 82,299 1,762 99,653
At 31 August 2023 325 3,753 106,362 4,840 115,280

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023
and 31 August 2024 87,320
DEPRECIATION
At 1 September 2023
and 31 August 2024 16,715
NET BOOK VALUE
At 31 August 2024 70,605
At 31 August 2023 70,605

5. STOCKS
2024 2023
£    £   
Stocks 84,613 101,468

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 139,285 130,022
Amounts owed by group undertakings 420,863 248
Other debtors 17,500 17,500
Prepayments 17,811 9,886
595,459 157,656

BCS SUPPLIES LTD (REGISTERED NUMBER: 02913927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 51,148 -
Hire purchase contracts (see note 9) 16,620 16,620
Trade creditors 190,305 111,388
Amounts owed to group undertakings - 123,281
Tax 11,584 22,639
Social security and other taxes 2,214 3,235
VAT 19,474 27,474
Other creditors 3,000 13,209
Accrued expenses 31,082 2,165
325,427 320,011

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 55,890 -
Bank loans - 2-5 years 239,690 -
Hire purchase contracts (see note 9) 26,677 43,296
322,257 43,296

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 19,062 19,062
Between one and five years 30,580 49,642
49,642 68,704

Finance charges repayable:
Within one year 2,442 2,442
Between one and five years 3,903 6,346
6,345 8,788

Net obligations repayable:
Within one year 16,620 16,620
Between one and five years 26,677 43,296
43,297 59,916

Non-cancellable operating leases
2024 2023
£    £   
Within one year 60,000 60,000
Between one and five years 270,000 280,000
In more than five years 510,000 560,000
840,000 900,000

BCS SUPPLIES LTD (REGISTERED NUMBER: 02913927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
B Ferrer
Balance outstanding at start of year - 531
Amounts advanced 3,401 4,793
Amounts repaid (3,401 ) (5,324 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

11. RELATED PARTY DISCLOSURES

Brighton Catering Supplies Limited

The parent company of the reporting entity.


During the year, net intercompany loans of £543.673 were provided to/from the related parties.

2024 2023
£    £   
Amount due from/(to) related party at the balance sheet date 420,392 (123,281 )

BCS Robertson Limited


During the period, net intercompany loans of £223 were provided to/from the related parties.

2024 2023
£    £   
Amount due from related party at the balance sheet date 471 248

12. ULTIMATE CONTROLLING PARTY

As there is no majority shareholder the company is controlled by the Board.