Registered number
02232592
BPG Limited
Unaudited Accounts
31 March 2025
BPG Limited
Registered number: 02232592
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 6,994 4,619
Investments 4 1 1
6,995 4,620
Current assets
Debtors 5 379,170 278,873
Cash at bank and in hand 285 52,338
379,455 331,211
Creditors: amounts falling due within one year 6 (254,419) (211,788)
Net current assets 125,036 119,423
Total assets less current liabilities 132,031 124,043
Creditors: amounts falling due after more than one year 7 - (8,800)
Provisions for liabilities (1,400) (936)
Net assets 130,631 114,307
Capital and reserves
Called up share capital 7,200 7,200
Share premium 4,800 4,800
Profit and loss account 118,631 102,307
Shareholder's funds 130,631 114,307
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 member has 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.
C J Bula
Director
Approved by the board on 13 August 2025
BPG Limited
Notes to the Accounts
for the year ended 31 March 2025
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 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. Amounts receivable on long term contracts are stated at the net sales value of work done and are included as amounts recoverable within debtors. Invoices in advance of work being completed are included as deferred income within creditors.
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:
Leasehold premises improvements over 10 years
Plant and machinery over 3 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries are recognised at cost.
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. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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 2025 2024
Number Number
Average number of persons employed by the company 13 12
3 Tangible fixed assets
Improvement to premises Plant and machinery etc Total
£ £ £
Cost
At 1 April 2024 24,513 143,737 168,250
Additions - 8,416 8,416
At 31 March 2025 24,513 152,153 176,666
Depreciation
At 1 April 2024 22,244 141,387 163,631
Charge for the year 1,822 4,219 6,041
At 31 March 2025 24,066 145,606 169,672
Net book value
At 31 March 2025 447 6,547 6,994
At 31 March 2024 2,269 2,350 4,619
4 Fixed Asset Investments
Other
investments
£
Cost
At 1 April 2024 1
At 31 March 2025 1
5 Debtors 2025 2024
£ £
Trade debtors 287,698 160,252
Other debtors 91,472 118,621
379,170 278,873
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 16,869 12,500
Trade creditors 89,962 106,472
Taxation and social security costs 136,060 70,895
Other creditors 11,528 21,921
254,419 211,788
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans - 8,800
8 Other information
BPG Limited is a private company limited by shares and incorporated in England. Its registered office is:
Office Suites 1 & 2
Old Kings Head Court
11 Hight Street
Dorking
Surrey RH4 1AR
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