| BDG Partners Limited |
| Registered number: |
08229441 |
| Balance Sheet |
| as at 30 September 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Current assets |
| Stocks |
|
|
3,731,485 |
|
|
1,235,096 |
| Debtors |
3 |
|
5,303,887 |
|
|
5,307,906 |
| Cash at bank and in hand |
|
|
1,638 |
|
|
3,265 |
|
|
|
9,037,010 |
|
|
6,546,267 |
|
| Creditors: amounts falling due within one year |
4 |
|
(4,285,789) |
|
|
(4,202,202) |
|
| Net current assets |
|
|
|
4,751,221 |
|
|
2,344,065 |
|
| Total assets less current liabilities |
|
|
|
4,751,221 |
|
|
2,344,065 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(5,631,466) |
|
|
(2,773,466) |
|
|
|
| Net liabilities |
|
|
|
(880,245) |
|
|
(429,401) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
150 |
|
|
150 |
| Profit and loss account |
|
|
|
(880,395) |
|
|
(429,551) |
|
| Shareholder's funds |
|
|
|
(880,245) |
|
|
(429,401) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his 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. |
|
|
|
|
| PJ Gamby |
| Director |
| Approved by the board on 30 June 2025 |
|
| BDG Partners Limited |
| Notes to the Accounts |
| for the year ended 30 September 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). |
|
|
Revenue recognition |
|
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. |
|
|
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. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Financial instruments |
|
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
5,708 |
|
- |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
5,267,485 |
|
5,267,485 |
|
Other debtors |
30,694 |
|
40,421 |
|
|
|
|
|
|
5,303,887 |
|
5,307,906 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade creditors |
4,274,759 |
|
4,195,675 |
|
Other creditors |
11,030 |
|
6,527 |
|
|
|
|
|
|
4,285,789 |
|
4,202,202 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans and overdrafts |
5,631,466 |
|
2,773,466 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
BDG Partners Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Building 3 NLBP |
|
Oakleigh Road South |
|
New Southgate |
|
London |
|
N11 1GN |