REGISTERED NUMBER: 02458552 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST JULY 2023 TO 31ST OCTOBER 2024

FOR

B.G. PAVERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T Fagan

SECRETARY:

Mrs G Fagan

REGISTERED OFFICE:

Bannister Hall Works

Higher Walton

Preston

Lancashire

PR5 4DZ

REGISTERED NUMBER:

02458552 (England and Wales)

ACCOUNTANTS:

Ainsworths Limited

Chartered Accountants

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

FIXED ASSETS

Tangible assets

4

7,687

11,378

CURRENT ASSETS

Stocks

1,502,964

1,564,488

Debtors

5

563,813

497,451

Cash in hand

4

4

2,066,781

2,061,943

CREDITORS

Amounts falling due within one year

6

845,855

778,956

NET CURRENT ASSETS

1,220,926

1,282,987

TOTAL ASSETS LESS CURRENT LIABILITIES

1,228,613

1,294,365

CREDITORS

Amounts falling due after more than one year

7

(91,667

)

(136,111

)

PROVISIONS FOR LIABILITIES

(1,922

)

-

NET ASSETS

1,135,024

1,158,254

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,134,924

1,158,154

SHAREHOLDERS' FUNDS

1,135,024

1,158,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 22nd August 2025 and were signed by:

T Fagan - Director

1.	STATUTORY INFORMATION

B.G. Pavers Limited 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.

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.

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.

Improvements to property

-

2% on cost

Plant and machinery

-

8% and 25% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on 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 period 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 period 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 14 (2023 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1st July 2023

and 31st October 2024

7,992

186,990

115,913

104,381

415,276

DEPRECIATION

At 1st July 2023

640

186,990

114,524

101,744

403,898

Charge for period

213

-

841

2,637

3,691

At 31st October 2024

853

186,990

115,365

104,381

407,589

NET BOOK VALUE

At 31st October 2024

7,139

-

548

-

7,687

At 30th June 2023

7,352

-

1,389

2,637

11,378

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

30.6.23

£

£

Trade debtors

23,809

38,094

Amounts owed by group undertakings

454,745

392,631

Other debtors

85,259

66,726

563,813

497,451

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

30.6.23

£

£

Bank loans and overdrafts

501,937

441,817

Trade creditors

47,819

111,189

Taxation and social security

212,882

193,973

Other creditors

83,217

31,977

845,855

778,956

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

30.6.23

£

£

Bank loans

91,667

136,111

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

-

2,778

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.24

30.6.23

£

£

Bank overdrafts

468,604

408,484

Bank loans

125,000

169,444

593,604

577,928

The bank overdraft and loan is secured by a fixed and floating charge over the assets of the company.