REGISTERED NUMBER: 09894767 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

BDP Practice Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr C J Navarro

Mrs S V M Navarro

REGISTERED OFFICE:

3 Devonshire Avenue

Beeston

Nottingham

NG9 1BS

REGISTERED NUMBER:

09894767 (England and Wales)

ACCOUNTANTS:

Mellor Oxland LLP

Hine House

25 Regent Street

Nottingham

Nottinghamshire

NG1 5BS

FIXED ASSETS

Tangible assets

4

223,383

177,903

Investments

5

525,001

525,001

748,384

702,904

CURRENT ASSETS

Stocks

4,210

17,131

Debtors

6

577,702

342,262

Cash at bank

923,204

856,837

1,505,116

1,216,230

CREDITORS

Amounts falling due within one year

7

364,479

194,569

NET CURRENT ASSETS

1,140,637

1,021,661

TOTAL ASSETS LESS CURRENT LIABILITIES

1,889,021

1,724,565

CREDITORS

Amounts falling due after more than one year

8

(42,587

)

(136,154

)

PROVISIONS FOR LIABILITIES

(55,846

)

(44,476

)

NET ASSETS

1,790,588

1,543,935

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,790,488

1,543,835

SHAREHOLDERS' FUNDS

1,790,588

1,543,935

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 20 June 2025 and were signed on its behalf by:

Mrs S V M Navarro - Director

1.	STATUTORY INFORMATION

BDP Practice 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about BDP Practice Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated 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.

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

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2023

285,349

Additions

111,491

At 30 September 2024

396,840

DEPRECIATION

At 1 October 2023

107,446

Charge for year

66,011

At 30 September 2024

173,457

NET BOOK VALUE

At 30 September 2024

223,383

At 30 September 2023

177,903

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2023

and 30 September 2024

525,001

NET BOOK VALUE

At 30 September 2024

525,001

At 30 September 2023

525,001

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

572,460

336,368

Amounts owed by group undertakings

-

636

Other debtors

5,242

5,258

577,702

342,262

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

5,341

-

Trade creditors

76,252

35,914

Amounts owed to group undertakings

25,000

-

Taxation and social security

92,833

96,240

Other creditors

165,053

62,415

364,479

194,569

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

42,587

-

Other creditors

-

136,154

42,587

136,154

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

47,928

-

Amounts due under hire purchase contracts are secured against the assets to which they relate.