REGISTERED NUMBER: 02205560 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Building Services Group Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

A R Wing-King

B S Gandhum

REGISTERED OFFICE:

Cape House

60a Priory Road

Tonbridge

Kent

TN9 2BL

REGISTERED NUMBER:

02205560 (England and Wales)

ACCOUNTANTS:

Henry Reeves & Co Limited

Chartered Certified Accountants

5 West Court

Enterprise Road

Maidstone

Kent

ME15 6JD

FIXED ASSETS

Tangible assets

4

5,275

6,616

CURRENT ASSETS

Stocks

5

40,000

10,000

Debtors

6

482,811

439,747

Cash at bank

108

106

522,919

449,853

CREDITORS

Amounts falling due within one year

7

304,008

227,841

NET CURRENT ASSETS

218,911

222,012

TOTAL ASSETS LESS CURRENT LIABILITIES

224,186

228,628

CREDITORS

Amounts falling due after more than one year

8

(23,375

)

(63,334

)

PROVISIONS FOR LIABILITIES

(890

)

(860

)

NET ASSETS

199,921

164,434

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

189,921

154,434

SHAREHOLDERS' FUNDS

199,921

164,434

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 19 June 2025 and were signed on its behalf by:

A R Wing-King - Director

1.	STATUTORY INFORMATION

Building Services Group 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.

Revenue is recognised in turnover on long-term contracts when the final outcome can be estimated reliably by reference to the stage of completion of the contract.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Office equipment

-

33% on reducing balance and 15% on reducing balance

Taxation

Taxation for the year 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 year 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

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

Pension costs

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.

Going concern

The ultimate parent company has provided cashflow injections in the year along with the business maintaining an overdraft facility to assist in future financing should there be any further deterioration in the economy.

At the time of approving the financial statements the company is forecasting an improved outturn against last year's accounts and the directors have reasonable expectations that the company has now turned a corner and that the company has adequate resources to continue based on a much improved secured pipeline and has taken and continues to take appropriate measures to continue to monitor its cost base against forecast income. The directors therefore deem it appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 January 2024

and 31 December 2024

130,263

DEPRECIATION

At 1 January 2024

123,647

Charge for year

1,341

At 31 December 2024

124,988

NET BOOK VALUE

At 31 December 2024

5,275

At 31 December 2023

6,616

5.

STOCKS

2024

2023

£

£

Work-in-progress long term contract balances

40,000

10,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

144,502

148,265

Amounts owed by group undertakings

264,275

264,275

Other debtors

74,034

27,207

482,811

439,747

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

58,174

64,639

Trade creditors

67,043

44,776

Amounts owed to group undertakings

52,509

17,431

Social security and other taxes

46,645

41,255

Other creditors

65,887

45,990

Accruals and deferred income

13,750

13,750

304,008

227,841

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

23,375

40,000

Bank loans - 2-5 years

-

23,334

23,375

63,334

9.	LEASING AGREEMENTS

At the year end the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £11,859 (2023: £34,566).

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdrafts

18,174

24,697

Bank loans

63,375

103,276

81,549

127,973

Bank loans and overdrafts are secured by way of a fixed and floating charge over all current and future assets of the business.

11.	RELATED PARTY DISCLOSURES

BSG Holdings Limited

Included in debtors is £264,275 (2023 : £264,275) due from BSG Holdings Limited, the immediate parent company. The loan is interest free, unsecured and repayable on demand.

Syntegra Consulting Ltd

Included in trade creditors is £9,982 (2023 : £33,699) owed to the ultimate parent Syntegra Consulting Ltd.

Included in trade debtors is £Nil (2023 : £990) owed from the ultimate parent Syntegra Consulting Ltd.

Included in creditors amounts falling due within one year is £52,509 (2023 : £17,431) owed to the ultimate parent Syntegra Consulting Ltd. The loan is interest free, unsecured and repayable on demand.

AWK Property Ltd

Included in trade creditors is £6,000 (2023 : £Nil) due to AWK Property Ltd, a company under the common control of A R Wing-king, AWK Property Ltd charged the company £36,000 (2023: £1,613) for consultancy services during the year.

12.	ULTIMATE CONTROLLING PARTY