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REGISTERED NUMBER: 01676820 (England and Wales)
















B & W ENGINEERING SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






B & W ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 01676820)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B & W ENGINEERING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: T J Wilkins





REGISTERED OFFICE: 2 Lakeview Stables
Lower St. Clere
Kemsing
Sevenoaks
Kent
TN15 6NL





REGISTERED NUMBER: 01676820 (England and Wales)





ACCOUNTANTS: Lakeview Southern Limited
Chartered Accountants
2 Lakeview Stables
Lower St. Clere
Kemsing
Sevenoaks
Kent
TN15 6NL

B & W ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 01676820)

BALANCE SHEET
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,286 26,237

CURRENT ASSETS
Stocks 327,905 537,205
Debtors 5 751,078 465,840
Cash in hand 140 140
1,079,123 1,003,185
CREDITORS
Amounts falling due within one year 6 1,094,463 1,441,049
NET CURRENT LIABILITIES (15,340 ) (437,864 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,946

(411,627

)

PROVISIONS FOR LIABILITIES 5,043 4,611
NET ASSETS/(LIABILITIES) 903 (416,238 )

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 801 (416,340 )
SHAREHOLDERS' FUNDS 903 (416,238 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

B & W ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 01676820)

BALANCE SHEET - continued
31 MARCH 2025


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 13 June 2025 and were signed by:





T J Wilkins - Director


B & W ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 01676820)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

B & W Engineering Services Limited 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 represents net invoiced sales of steel fabrication and welding, excluding value added tax. Profits on long term work in progress have been accounted for equally over the life of the contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

B & W ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 01676820)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

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.

Going concern
The company has payments in place and has reduced overheads to counteract with the reduction in income. As a result, the director considers it appropriate to prepare the accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 22 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 338,196
Additions 750
At 31 March 2025 338,946
DEPRECIATION
At 1 April 2024 311,959
Charge for year 5,701
At 31 March 2025 317,660
NET BOOK VALUE
At 31 March 2025 21,286
At 31 March 2024 26,237

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 130,877 -
Amounts owed by group undertakings - 99
Other debtors 620,201 465,741
751,078 465,840

B & W ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 01676820)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 5,449 111,831
Trade creditors 504,124 417,130
Taxation and social security 291,033 335,973
Other creditors 293,857 576,115
1,094,463 1,441,049

7. CONTINGENT LIABILITIES

The accounts include a provision of £285,667 (2024: £500,000) for a compensation claim relating to a contract that was not completed due to the Covid pandemic.
This was reduced from an original figure of £1.8 million on the understanding that certain works will be carried out in accordance with instructions from the claimant.
If the company was to default on this arrangement then the claim would return to the original figure of £1.8 million.

8. RELATED PARTY DISCLOSURES

At the year end the director owed the company £273,664 (2024: £244,566).

9. ULTIMATE CONTROLLING PARTY

At the year end, the company was under the control of SFD Consultants Limited, which is controlled by the director.