Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31false48The principal activity of the Company is the sale and hire of attachments to the construction and demolition industries.false2023-11-0160falsefalse 08496793 2023-11-01 2024-12-31 08496793 2022-11-01 2023-10-31 08496793 2024-12-31 08496793 2023-10-31 08496793 2022-11-01 08496793 1 2023-11-01 2024-12-31 08496793 1 2022-11-01 2023-10-31 08496793 4 2023-11-01 2024-12-31 08496793 4 2022-11-01 2023-10-31 08496793 5 2023-11-01 2024-12-31 08496793 5 2022-11-01 2023-10-31 08496793 d:Director1 2023-11-01 2024-12-31 08496793 d:Director2 2023-11-01 2024-12-31 08496793 d:Director3 2023-11-01 2024-12-31 08496793 d:Director4 2023-11-01 2024-12-31 08496793 d:RegisteredOffice 2023-11-01 2024-12-31 08496793 e:PlantMachinery 2023-11-01 2024-12-31 08496793 e:PlantMachinery 2024-12-31 08496793 e:PlantMachinery 2023-10-31 08496793 e:PlantMachinery e:OwnedOrFreeholdAssets 2023-11-01 2024-12-31 08496793 e:PlantMachinery e:LeasedAssetsHeldAsLessee 2023-11-01 2024-12-31 08496793 e:MotorVehicles 2023-11-01 2024-12-31 08496793 e:MotorVehicles 2024-12-31 08496793 e:MotorVehicles 2023-10-31 08496793 e:MotorVehicles e:OwnedOrFreeholdAssets 2023-11-01 2024-12-31 08496793 e:MotorVehicles e:LeasedAssetsHeldAsLessee 2023-11-01 2024-12-31 08496793 e:OfficeEquipment 2023-11-01 2024-12-31 08496793 e:OfficeEquipment 2024-12-31 08496793 e:OfficeEquipment 2023-10-31 08496793 e:OfficeEquipment e:OwnedOrFreeholdAssets 2023-11-01 2024-12-31 08496793 e:OfficeEquipment e:LeasedAssetsHeldAsLessee 2023-11-01 2024-12-31 08496793 e:OtherPropertyPlantEquipment 2023-11-01 2024-12-31 08496793 e:OtherPropertyPlantEquipment 2024-12-31 08496793 e:OtherPropertyPlantEquipment 2023-10-31 08496793 e:OtherPropertyPlantEquipment e:OwnedOrFreeholdAssets 2023-11-01 2024-12-31 08496793 e:OtherPropertyPlantEquipment e:LeasedAssetsHeldAsLessee 2023-11-01 2024-12-31 08496793 e:OwnedOrFreeholdAssets 2023-11-01 2024-12-31 08496793 e:LeasedAssetsHeldAsLessee 2023-11-01 2024-12-31 08496793 e:CurrentFinancialInstruments 2024-12-31 08496793 e:CurrentFinancialInstruments 2023-10-31 08496793 e:Non-currentFinancialInstruments 2024-12-31 08496793 e:Non-currentFinancialInstruments 2023-10-31 08496793 e:CurrentFinancialInstruments e:WithinOneYear 2024-12-31 08496793 e:CurrentFinancialInstruments e:WithinOneYear 2023-10-31 08496793 e:Non-currentFinancialInstruments e:AfterOneYear 2024-12-31 08496793 e:Non-currentFinancialInstruments e:AfterOneYear 2023-10-31 08496793 f:UnitedKingdom 2023-11-01 2024-12-31 08496793 f:UnitedKingdom 2022-11-01 2023-10-31 08496793 f:RestEuropeOutsideUK 2023-11-01 2024-12-31 08496793 f:RestEuropeOutsideUK 2022-11-01 2023-10-31 08496793 f:RestWorldOutsideUK 2023-11-01 2024-12-31 08496793 f:RestWorldOutsideUK 2022-11-01 2023-10-31 08496793 e:UKTax 2023-11-01 2024-12-31 08496793 e:UKTax 2022-11-01 2023-10-31 08496793 e:ShareCapital 2023-11-01 2024-12-31 08496793 e:ShareCapital 2024-12-31 08496793 e:ShareCapital 2022-11-01 2023-10-31 08496793 e:ShareCapital 2023-10-31 08496793 e:ShareCapital 2022-11-01 08496793 e:RetainedEarningsAccumulatedLosses 2023-11-01 2024-12-31 08496793 e:RetainedEarningsAccumulatedLosses 2024-12-31 08496793 e:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 08496793 e:RetainedEarningsAccumulatedLosses 2023-10-31 08496793 e:RetainedEarningsAccumulatedLosses 2022-11-01 08496793 e:AcceleratedTaxDepreciationDeferredTax 2024-12-31 08496793 e:AcceleratedTaxDepreciationDeferredTax 2023-10-31 08496793 e:TaxLossesCarry-forwardsDeferredTax 2024-12-31 08496793 e:TaxLossesCarry-forwardsDeferredTax 2023-10-31 08496793 d:OrdinaryShareClass1 2023-11-01 2024-12-31 08496793 d:OrdinaryShareClass1 2024-12-31 08496793 d:OrdinaryShareClass1 2023-10-31 08496793 d:OrdinaryShareClass2 2023-11-01 2024-12-31 08496793 d:OrdinaryShareClass2 2024-12-31 08496793 d:OrdinaryShareClass2 2023-10-31 08496793 d:FRS102 2023-11-01 2024-12-31 08496793 d:Audited 2023-11-01 2024-12-31 08496793 d:FullAccounts 2023-11-01 2024-12-31 08496793 d:PrivateLimitedCompanyLtd 2023-11-01 2024-12-31 08496793 e:WithinOneYear 2024-12-31 08496793 e:WithinOneYear 2023-10-31 08496793 e:BetweenOneFiveYears 2024-12-31 08496793 e:BetweenOneFiveYears 2023-10-31 08496793 e:MoreThanFiveYears 2024-12-31 08496793 e:MoreThanFiveYears 2023-10-31 08496793 e:HirePurchaseContracts e:WithinOneYear 2024-12-31 08496793 e:HirePurchaseContracts e:WithinOneYear 2023-10-31 08496793 e:HirePurchaseContracts e:BetweenOneFiveYears 2024-12-31 08496793 e:HirePurchaseContracts e:BetweenOneFiveYears 2023-10-31 08496793 e:PlantMachinery e:LeasedAssetsHeldAsLessee 2024-12-31 08496793 e:PlantMachinery e:LeasedAssetsHeldAsLessee 2023-10-31 08496793 e:MotorVehicles e:LeasedAssetsHeldAsLessee 2024-12-31 08496793 e:MotorVehicles e:LeasedAssetsHeldAsLessee 2023-10-31 08496793 e:FurnitureFittings e:LeasedAssetsHeldAsLessee 2024-12-31 08496793 e:FurnitureFittings e:LeasedAssetsHeldAsLessee 2023-10-31 08496793 e:OtherPropertyPlantEquipment e:LeasedAssetsHeldAsLessee 2024-12-31 08496793 e:OtherPropertyPlantEquipment e:LeasedAssetsHeldAsLessee 2023-10-31 08496793 e:LeasedAssetsHeldAsLessee 2024-12-31 08496793 e:LeasedAssetsHeldAsLessee 2023-10-31 08496793 g:PoundSterling 2023-11-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 08496793










BPH ATTACHMENTS LIMITED










ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
BPH ATTACHMENTS LIMITED
 
 
COMPANY INFORMATION


Directors
Mrs A R Bastable 
Mr M Bastable 
Mr S A Bastable 
Mr W Bastable 




Registered number
08496793



Registered office
Northwood Goose
Green Lane

Goose Green

Pulborough

RH20 2LW




Independent auditors
WR Partners
Chartered Accountants & Statutory Auditors

Belmont House

Shrewsbury Business Park

Shrewsbury

Shropshire

SY2 6LG





 
BPH ATTACHMENTS LIMITED
 

CONTENTS



Page
Strategic report
 
1 - 2
Directors' report
 
3 - 4
Independent auditors' report
 
5 - 8
Statement of comprehensive income
 
9
Balance sheet
 
10
Statement of changes in equity
 
11
Statement of cash flows
 
12 - 13
Notes to the financial statements
 
14 - 33


 
BPH ATTACHMENTS LIMITED
 
 
STRATEGIC REPORT
FOR THE PERIOD ENDED 31 DECEMBER 2024

Introduction
 
The directors present their Strategic report for the period ended 31 December 2024.

Business review
 
Background

BPH Attachments is the UK’s leading excavator attachment specialists, providing both sales, repair and hire to the industry since 2001. 
We are the sole importer of the PRODEM brand of attachments which are renowned for their quality, durability and cost effectiveness. In addition, we are the UK exclusive dealer for the LaBounty product range.
We offer nationwide coverage and have a team of specialist engineers who can service and repair all attachment brands.

Financial results

Anticipation was high approaching the financial period.  As quarter one ended, there appeared to be an upturn within the industry, particularly in sales, which had dropped off in the previous year.  However, as we moved towards spring, bad weather seemingly affected this and again consumer confidence was affected as the year continued. 
By the close of the year, sales of attachments had struggled to reach the levels hoped, particularly given the strong start to the period.  That said, revenues from attachment hire had yet again exceeded targets, with year-on-year growth reaching 43 %. 

Future prospects

Yet again, we will push to exceed hire revenue targets and expand the attachment hire product range, whilst continuing to provide market leading service and support. 
Towards the back end of 2024, we reviewed and expanded our sales team.  This investment has both strengthened our expertise in the marketplace and supported the expansion of our national coverage.  This will further support our now, well-established network of depots.
Our continued aim is to ensure our excellent reputation can be experienced by every attachment customer nationwide.

Principal risks and uncertainties
 
The principal risks and uncertainties facing the business continue to change.  Whilst we appear to have seen the end of issues related to Covid-19 and the after-effects of post Brexit Britain, global conflicts and political situations remain.  Whilst the increase in interest rates and cost of living crisis, appear to have somewhat reached a plateau, we continue to observe these and reduce our exposure where possible.
In addition, the company continues to focus on understanding and monitoring the current risks in each area of the supply chain, particularly in relation to any material shortages and price fluctuations. We also remain committed to retaining and training our workforce to ensure our market leading service and excellent customer service remains at the very highest levels.
The Directors and senior staff continuously monitor the principal risks and manage the business with flexibility in response to market conditions and opportunities as they arise.

Page 1

 
BPH ATTACHMENTS LIMITED
 

STRATEGIC REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024

Liquidity risk

The Company carefully forecasts working capital requirements to meet all short-term liabilities, whilst maintaining adequate cash reserves to ensure that unforeseen circumstances will not affect this.

Credit risk

The company is exposed to credit risk on amounts recoverable on hire contracts and some product sales.  This is managed by a stringent policy of investigating the creditworthiness of each customer, verifying adequate hired-in insurance is in place where required and ensuring that the debt per customer is held within an acceptable level.  In addition, we have also invested in a credit protection insurance policy for our hire customers, thus further reducing our risk, should any debt become unrecoverable.

Financial key performance indicators
 
The Company measures its financial performance and position by reference to key performance indicators. 
Financial performance is principally measured by reference to turnover and operating profit, as well as the position of the Company by reference to net current assets and net assets.
The directors consider that the accounts provide an adequate analysis of the Company's performance in the year and its position at the year-end.

Other key performance indicators
 
The Company uses a suite of targeted non-financial key performance indicators to monitor and measure performance on a daily, weekly and monthly basis which covers the whole business operating spectrum reflecting the changing needs of the business.


This report was approved by the board and signed on its behalf.





Mr S A Bastable
Director

Date: 22 July 2025

Page 2

 
BPH ATTACHMENTS LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE PERIOD ENDED 31 DECEMBER 2024

The directors present their report and the financial statements for the period ended 31 December 2024.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the period, after taxation, amounted to £426,484 (2023 - £1,178,716).

During the year the Company declared dividends of £247,000 (2023: £175,000).

Directors

The directors who served during the period were:

Mrs A R Bastable 
Mr M Bastable 
Mr S A Bastable 
Mr W Bastable 

Future developments

The business recently opened new hire centres in the both London and the South West and will look to continue developing and increasing its market share throughout the UK.

Page 3

 
BPH ATTACHMENTS LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024


Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Post balance sheet events

There have been no significant events affecting the Company since the period end.

Auditors

The auditorsWR Partnerswill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





Mr S A Bastable
Director

Date: 22 July 2025

Page 4

 
BPH ATTACHMENTS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BPH ATTACHMENTS LIMITED
 

Opinion


We have audited the financial statements of BPH Attachments Limited (the 'Company') for the period ended 31 December 2024, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of cash flows, the Statement of changes in equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 31 December 2024 and of its profit for the period then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Page 5

 
BPH ATTACHMENTS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BPH ATTACHMENTS LIMITED (CONTINUED)


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Strategic report and the Directors' report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Responsibilities of directors
 

As explained more fully in the Directors' responsibilities statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 6

 
BPH ATTACHMENTS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BPH ATTACHMENTS LIMITED (CONTINUED)


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The audit team obtained an understanding of the legal and regulatory frameworks that are applicable to the Company and determined that the most significant are those that relate to the reporting framework (FRS102 and the Companies Act 2006), the relevant tax compliance regulations, employment law, Health and Safety Regulations and the EU General Data Protection Regulation (GDPR). 
We understood how the Company is complying with these frameworks by making enquiries of management and those responsible for legal and compliance procedures. We also reviewed board minutes to identify any recorded instances of irregularity or non compliance that might have a material impact on the financial statements. 
We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur by meeting with key management to understand where they considered there was susceptibility to fraud. Based on our understanding our procedures involved enquiries of management and those charged with governance, manual journal entry testing, cashbook reviews for large and unusual items and the challenge of significant accounting estimates used in preparing the financial statements.


Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.


Page 7

 
BPH ATTACHMENTS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF BPH ATTACHMENTS LIMITED (CONTINUED)


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





John Fletcher BA (Hons) FCA (Senior statutory auditor)
  
for and on behalf of
WR Partners
 
Chartered Accountants
Statutory Auditors
  
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

 
Date: 
25 July 2025
Page 8

 
BPH ATTACHMENTS LIMITED
 
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 31 DECEMBER 2024

14 months ended
31 December
As restated
12 months ended
31 October
2024
2023
Note
£
£

  

Turnover
 4 
13,693,270
13,900,080

Cost of sales
  
(6,725,841)
(7,707,151)

Gross profit
  
6,967,429
6,192,929

Administrative expenses
  
(6,268,905)
(4,738,591)

Operating profit
 5 
698,524
1,454,338

Interest payable and similar expenses
 8 
(129,762)
(57,771)

Profit before tax
  
568,762
1,396,567

Tax on profit
 9 
(142,278)
(217,851)

Profit for the financial period
  
426,484
1,178,716

There were no recognised gains and losses for 2024 or 2023 other than those included in the statement of comprehensive income.

There was no other comprehensive income for 2024 (2023:£NIL).

The notes on pages 14 to 33 form part of these financial statements.

Page 9

 
BPH ATTACHMENTS LIMITED
REGISTERED NUMBER: 08496793

BALANCE SHEET
AS AT 31 DECEMBER 2024

31 December
As restated
31 October
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 11 
5,676,119
4,588,306

  
5,676,119
4,588,306

Current assets
  

Stocks
 12 
1,384,348
2,762,988

Debtors More Than One Year
 13 
3,115,648
-

Debtors: amounts falling due within one year
 13 
2,145,057
5,294,482

Cash at bank and in hand
 14 
21,985
55,782

  
6,667,038
8,113,252

Creditors: amounts falling due within one year
 15 
(3,150,901)
(3,572,023)

Net current assets
  
 
 
3,516,137
 
 
4,541,229

Total assets less current liabilities
  
9,192,256
9,129,535

Creditors: amounts falling due after more than one year
 16 
(709,005)
(968,046)

Provisions for liabilities
  

Deferred tax
 18 
(777,858)
(635,580)

Net assets
  
7,705,393
7,525,909


Capital and reserves
  

Called up share capital 
 19 
550
550

Profit and loss account
 20 
7,704,843
7,525,359

  
7,705,393
7,525,909


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr S A Bastable
Director

Date: 22 July 2025

Page 10

 
BPH ATTACHMENTS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 November 2022
550
6,521,643
6,522,193


Comprehensive income for the year

Profit for the year
-
1,178,716
1,178,716
Total comprehensive income for the year
-
1,178,716
1,178,716


Contributions by and distributions to owners

Dividends: Equity capital
-
(175,000)
(175,000)


Total transactions with owners
-
(175,000)
(175,000)



At 1 November 2023
550
7,525,359
7,525,909


Comprehensive income for the period

Profit for the period
-
426,484
426,484
Total comprehensive income for the period
-
426,484
426,484


Contributions by and distributions to owners

Dividends: Equity capital
-
(247,000)
(247,000)


Total transactions with owners
-
(247,000)
(247,000)


At 31 December 2024
550
7,704,843
7,705,393


Page 11

 
BPH ATTACHMENTS LIMITED
 

STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED 31 DECEMBER 2024

14 months ended
31 December
12 months ended
31 October
2024
2023
£
£

Cash flows from operating activities

Profit for the financial period
426,484
1,178,716

Adjustments for:

Depreciation of tangible assets
932,864
660,091

Profit on disposal of tangible assets
(320,246)
(60,775)

Interest paid
129,762
57,771

Taxation charge
142,278
217,851

Decrease in stocks
1,378,640
422,893

Decrease in debtors
33,777
862,602

(Decrease) in creditors
(630,466)
(2,110,816)

Increase in amounts owed to groups
13,212
-

Corporation tax received/(paid)
-
(359,016)

Net cash generated from operating activities

2,106,305
869,317


Cash flows from investing activities

Purchase of tangible fixed assets
(2,481,778)
(1,967,951)

Sale of tangible fixed assets
781,347
128,836

HP interest paid
(112,205)
(52,290)

Net cash from investing activities

(1,812,636)
(1,891,405)
Page 12

 
BPH ATTACHMENTS LIMITED
 

STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024

14 months ended
31 December
12 months ended
31 October

2024
2023

£
£



Cash flows from financing activities

Repayment of/new finance leases
(62,909)
1,112,379

Dividends paid
(247,000)
(175,000)

Interest paid
(17,557)
(5,481)

Net cash used in financing activities
(327,466)
931,898

Net (decrease) in cash and cash equivalents
(33,797)
(90,190)

Cash and cash equivalents at beginning of period
55,782
145,972

Cash and cash equivalents at the end of period
21,985
55,782


Cash and cash equivalents at the end of period comprise:

Cash at bank and in hand
21,985
55,782

21,985
55,782


Page 13

 
BPH ATTACHMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

BPH Attachments Limited (company number 08496793) is a private company, limited by shares, incorporated in England and Wales and domiciled in the United Kingdom. Its registered office and principal place of business is located at Northwood Goose Green Lane, Goose Green, Pulborough, RH20 2LW.
The principal activity of the Company is the sale and hire of attachments to the construction and demolition industries.
This current period of financial statements relate to the 14 month period ended 31 December 2024, and the comparative figures relate to the year ended 31 October 2023, therefore the figures are not entirely comparable.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company's forecasts and projections, taking account of reasonable possible changes in trading performance, show that the Company is expected to operate within the levels of its current facilities.
 
After making enquiries, the Directors have a reasonable expectation that the Company has adequate resources to continue to meet its liabilities as they fall due for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.

Page 14

 
BPH ATTACHMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 15

 
BPH ATTACHMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 16

 
BPH ATTACHMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 17

 
BPH ATTACHMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on both the straight line and reducing balance methods.

Depreciation is provided on the following basis:

Plant and machinery
-
80 months straight line
Motor vehicles
-
25% reducing balance
Office equipment
-
80 months straight line
Hire Fleet
-
10% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

Page 18

 
BPH ATTACHMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
 
Page 19

 
BPH ATTACHMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.15
Financial instruments (continued)


Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
 
Page 20

 
BPH ATTACHMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.15
Financial instruments (continued)


Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the Directors the following are estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year. 
Tangible fixed assets (See note 11)
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors, in re-assessing asset lives, factors such as technological innovation and product life cycles are taken into account. Residual value assessments consider issues such as future marker conditions, the remaining life of the asset and projected disposal values. 

Page 21

 
BPH ATTACHMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

4.


Turnover

The whole of the turnover is attributable to the principal activity of the Company.

14 months ended
31 December
12 months ended
31 October
2024
2023
£
£

United Kingdom
13,214,341
13,089,080

Rest of Europe
476,193
808,000

Rest of the world
2,736
3,000

13,693,270
13,900,080



5.


Operating profit

The operating profit is stated after charging:

14 months ended
31 December
12 months ended
31 October
2024
2023
£
£

Exchange differences
22,156
(39,981)

Fees payable to the Company's auditors for the audit of the Company's financial statements
10,050
9,850

(Profit)/loss on sale of tangible assets
(320,246)
(60,775)

Page 22

 
BPH ATTACHMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

6.


Employees

Staff costs, including directors' remuneration, were as follows:


14 months ended
31 December
12 months ended
31 October
2024
2023
£
£

Wages and salaries
2,795,956
1,857,509

Social security costs
303,278
214,824

Cost of defined contribution scheme
56,844
36,673

3,156,078
2,109,006


The average monthly number of employees, including the directors, during the period was as follows:


  14 months ended
     31 December
   12 months ended
       31 October
        2024
        2023
            No.
            No.







Employees
60
48


7.


Directors' remuneration

14 months ended
31 December
12 months ended
31 October
2024
2023
£
£

Directors' emoluments
54,238
41,712

Company contributions to defined contribution pension schemes
-
161

54,238
41,873


During the period retirement benefits were accruing to no directors (2023 - 1) in respect of defined contribution pension schemes.

Page 23

 
BPH ATTACHMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

8.


Interest payable and similar expenses

14 months ended
31 December
12 months ended
31 October
2024
2023
£
£


Finance leases and hire purchase contracts
112,205
52,290

Other interest payable
17,557
5,481

129,762
57,771


9.


Taxation


14 months ended
31 December
12 months ended
31 October
2024
2023
£
£

Corporation tax


Adjustments in respect of previous periods
-
(284,069)


-
(284,069)


Total current tax
-
(284,069)

Deferred tax


Origination and reversal of timing differences
142,278
501,920

Total deferred tax
142,278
501,920


Tax on profit
142,278
217,851
Page 24

 
BPH ATTACHMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
 
9.Taxation (continued)


Factors affecting tax charge for the period/year

The tax assessed for the period/year is higher than (2023 - lower than) the standard rate of corporation tax in the UK of 25% (2023 - 22.5%). The differences are explained below:

14 months ended
31 December
12 months ended
31 October
2024
2023
£
£


Profit on ordinary activities before tax
568,762
1,396,567


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 22.5%)
142,191
314,228

Effects of:


Expenses not deductible for tax purposes
-
11,558

Capital allowances for period/year in excess of depreciation
-
125,119

Utilisation of tax losses
-
38,357

Adjustments to tax charge in respect of prior periods
-
(284,069)

Book profit on chargeable assets
-
(13,674)

Unrelieved tax losses carried forward
-
26,332

Other differences leading to an increase (decrease) in the tax charge
87
-

Total tax charge for the period/year
142,278
217,851


Factors that may affect future tax charges

There were no factors that may affect future tax charges.


10.


Dividends

31 December
31 October
2024
2023
£
£


On ordinary share capital
247,000
175,000

247,000
175,000

Page 25

 
BPH ATTACHMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

11.


Tangible fixed assets







Plant and machinery
Motor vehicles
Office equipment
Hire Fleet
Total

£
£
£
£
£



Cost or valuation


At 1 November 2023
525,869
2,068,682
107,937
4,218,039
6,920,527


Additions
62,237
529,661
136,486
1,753,394
2,481,778


Disposals
(32,952)
(174,155)
-
(532,096)
(739,203)



At 31 December 2024

555,154
2,424,188
244,423
5,439,337
8,663,102



Depreciation


At 1 November 2023
214,251
824,874
37,065
1,256,031
2,332,221


Charge for the period on owned assets
31,751
103,557
18,631
383,795
537,734


Charge for the period on financed assets
44,397
313,624
14,172
22,937
395,130


Disposals
(32,613)
(99,465)
-
(146,024)
(278,102)



At 31 December 2024

257,786
1,142,590
69,868
1,516,739
2,986,983



Net book value



At 31 December 2024
297,368
1,281,598
174,555
3,922,598
5,676,119



At 31 October 2023
311,618
1,243,808
70,872
2,962,008
4,588,306

Page 26

 
BPH ATTACHMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

           11.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


31 December
31 October
2024
2023
£
£



Plant and machinery
209,776
214,325

Motor vehicles
1,023,819
930,355

Hire Fleet
285,255
551,298

Office equipment
99,203
-

1,618,053
1,695,978


12.


Stocks

31 December
31 October
2024
2023
£
£

Finished goods and goods for resale
1,384,348
2,762,988

1,384,348
2,762,988


Page 27

 
BPH ATTACHMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

13.


Debtors

31 December
31 October
2024
2023
£
£

Due after more than one year

Other debtors
3,115,648
-

3,115,648
-


31 December
31 October
2024
2023
£
£

Due within one year

Trade debtors
2,137,979
2,609,129

Other debtors
-
2,663,981

Prepayments and accrued income
7,078
21,372

2,145,057
5,294,482



14.


Cash and cash equivalents

31 December
31 October
2024
2023
£
£

Cash at bank and in hand
21,985
55,782

21,985
55,782


Page 28

 
BPH ATTACHMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

15.


Creditors: Amounts falling due within one year

31 December
31 October
2024
2023
£
£

Trade creditors
1,073,456
2,018,608

Other taxation and social security
289,542
325,087

Obligations under finance lease and hire purchase contracts
646,480
450,348

Other creditors
1,125,873
766,653

Accruals and deferred income
15,550
11,327

3,150,901
3,572,023


Obligations under finance lease and hire purchase contracts are secured on the assets to which they relate.


16.


Creditors: Amounts falling due after more than one year

31 December
31 October
2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
709,005
968,046

709,005
968,046


Obligations under finance lease and hire purchase contracts are secured on the assets to which they relate.


17.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

31 December
31 October
2024
2023
£
£


Within one year
646,480
450,348

Between 1-5 years
709,005
968,046

1,355,485
1,418,394

Page 29

 
BPH ATTACHMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

18.


Deferred taxation






2024


£






At beginning of year
(635,580)


Charged to profit or loss
(142,278)



At end of year
(777,858)

The provision for deferred taxation is made up as follows:

31 December
31 October
2024
2023
£
£


Accelerated capital allowances
(922,806)
(635,580)

Tax losses carried forward
144,948
-

(777,858)
(635,580)

Page 30

 
BPH ATTACHMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

19.


Share capital

31 December
31 October
2024
2023
£
£
Allotted, called up and fully paid



300 (2023 - 300) Ordinary A shares shares of £1.00 each
300
300
250 (2023 - 250) Ordinary B shares shares of £1.00 each
250
250

550

550



20.


Reserves

Profit and loss account

The profit and loss account represents accumulated undistributed profits/losses since incorporation.

Page 31

 
BPH ATTACHMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
21.


Analysis of net debt




At 1 November 2023
Cash flows
At 31 December 2024
£

£

£

Cash at bank and in hand

55,782

(33,797)

21,985

Debt due within 1 year

(214,355)

(7,674)

(222,029)

Finance leases

(1,418,394)

62,909

(1,355,485)


(1,576,967)
21,438
(1,555,529)


22.


Contingent liabilities

The Company is party to a cross guarantee in relation in relation to bank accounts held with two other entities. The total contingent liability across the three companies is £4,621,838 (2023: £3,333,740).


23.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £56,844 (2023: £36,673). Contributions totalling £nil (2023: £1,963) were payable to the fund at the balance sheet date and are included in creditors.

Page 32

 
BPH ATTACHMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024


24.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

31 December
31 October
2024
2023
£
£


Not later than 1 year
150,000
150,000

Later than 1 year and not later than 5 years
600,000
600,000

Later than 5 years
266,250
416,250

1,016,250
1,166,250


25.


Related party transactions

The Company entered into transactions with companies under common control. Sales made during the year totalled £415,206 (2023: £495,734). Purchases made during the year totalled £2,413,961 (2023: £1,612,776). There was an outstanding amount included within other debtors at the year end of £3,102,436 (2023: £2,379,912). There was an outstanding balance of £129,009 (2023: £246,428) included within trade debtors at year end. 
Included in Other creditors as at the reporting date is a balance of £222,384 (2023: £212,392) owed to directors and connected persons.


26.


Controlling party

The Company is under the control of the directors as a result of their overall shareholding. 


27.


Prior year adjustment

During the year, the Company reviewed the classification of some wage costs and determined that a portion previously included within administrative expenses is more appropriately classified as cost of sales. As a result, £562,472 has been reclassified from administrative expenses to cost of sales in the comparative figures. There is no impact on operating profit or profit for the year.

 
Page 33