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Registered number: 08411947
BSD Associates Limited
Financial Statements
For The Year Ended 30 April 2025
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08411947
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,523 3,154
Investments 5 5,079,350 3,478,557
5,081,873 3,481,711
CURRENT ASSETS
Debtors 6 324,000 459,000
Cash at bank and in hand 159,036 8,418
483,036 467,418
Creditors: Amounts Falling Due Within One Year 7 (295,477 ) (296,777 )
NET CURRENT ASSETS (LIABILITIES) 187,559 170,641
TOTAL ASSETS LESS CURRENT LIABILITIES 5,269,432 3,652,352
Creditors: Amounts Falling Due After More Than One Year 8 (2,537,385 ) (1,516,627 )
NET ASSETS 2,732,047 2,135,725
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 2,731,947 2,135,625
SHAREHOLDERS' FUNDS 2,732,047 2,135,725
Page 1
Page 2
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A Levison
Director
01/09/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
BSD Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08411947 . The registered office is 73 The Ridgeway, NW11 8PH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20%
Fixtures & Fittings 20%
3. Average Number of Employees
0Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 May 2024 3,943
As at 30 April 2025 3,943
Depreciation
As at 1 May 2024 789
Provided during the period 631
As at 30 April 2025 1,420
Net Book Value
As at 30 April 2025 2,523
As at 1 May 2024 3,154
5. Investments
Subsidiaries
£
Cost or Valuation
As at 1 May 2024 3,478,557
Additions 1,600,793
As at 30 April 2025 5,079,350
Provision
As at 1 May 2024 -
As at 30 April 2025 -
Net Book Value
As at 30 April 2025 5,079,350
As at 1 May 2024 3,478,557
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 324,000 -
Due after more than one year
Amounts owed by group undertakings - 459,000
324,000 459,000
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 295,477 296,777
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bounce Back Loan 10,833 20,833
Bank Loan 1,010,700 367,118
Amounts owed to group undertakings 1,515,852 1,128,676
2,537,385 1,516,627
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5