Registered number
13681632
BCBD Holdings Ltd
Filleted Accounts
31 August 2024
BCBD Holdings Ltd
Registered number: 13681632
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 176,000 200,000
Tangible assets 4 643,124 720,974
819,124 920,974
Current assets
Stocks 10,000 10,000
Debtors 5 (787) 25,606
Cash at bank and in hand 2,792 901
12,005 36,507
Creditors: amounts falling due within one year 6 (104,276) (56,862)
Net current liabilities (92,271) (20,355)
Total assets less current liabilities 726,853 900,619
Creditors: amounts falling due after more than one year 7 (432,709) (836,955)
Net assets 294,144 63,664
Capital and reserves
Share premium 100 100
Profit and loss account 294,044 63,564
Shareholders' funds 294,144 63,664
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J A Buchanan
Director
Approved by the board on 30 May 2025
BCBD Holdings Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings, office equipment 33% straight line
Plant and machinery 33% and 8.33% straight line
Motor expenses 33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2023 240,000
At 31 August 2024 240,000
Amortisation
At 1 September 2023 40,000
Provided during the year 24,000
At 31 August 2024 64,000
Net book value
At 31 August 2024 176,000
At 31 August 2023 200,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 843,145 29,152 872,297
Additions 31,843 - 31,843
Disposals - (15,552) (15,552)
At 31 August 2024 874,988 13,600 888,588
Depreciation
At 1 September 2023 145,825 5,498 151,323
Charge for the year 92,401 6,777 99,178
On disposals - (5,037) (5,037)
At 31 August 2024 238,226 7,238 245,464
Net book value
At 31 August 2024 636,762 6,362 643,124
At 31 August 2023 697,320 23,654 720,974
5 Debtors 2024 2023
£ £
Trade debtors (787) -
Other debtors - 25,606
(787) 25,606
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 38,317 33,346
Taxation and social security costs 21,349 17,468
Other creditors 44,610 6,048
104,276 56,862
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 247,955
Obligations under finance lease and hire purchase contracts 432,709 589,000
432,709 836,955
8 Controlling party
BCBD Holdings Ltd owns 100% of Tigerbite Trading Ltd and Adamo Precision Engineering Ltd.
9 Other information
BCBD Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Ground Floor, Sterling House
Outrams Wharf
Little Eaton
Derby
DE21 5EL
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