REGISTERED NUMBER: SC650769 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

BLV Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr L Gibson

REGISTERED OFFICE:

5 Main Street

Bothwell

G71 8RD

REGISTERED NUMBER:

SC650769 (Scotland)

ACCOUNTANTS:

Dental Accountants Scotland Ltd

Specialist Dental Accountants & Advisors

Cornerstone House

Station Road

Selkirk

Borders

TD7 5DJ

FIXED ASSETS

Intangible assets

4

182,610

212,840

Tangible assets

5

146,768

131,408

329,378

344,248

CURRENT ASSETS

Stocks

500

-

Debtors

6

86,796

85,863

Cash at bank

188,160

183,522

275,456

269,385

CREDITORS

Amounts falling due within one year

7

116,226

124,670

NET CURRENT ASSETS

159,230

144,715

TOTAL ASSETS LESS CURRENT LIABILITIES

488,608

488,963

CREDITORS

Amounts falling due after more than one year

8

(436,581

)

(459,048

)

PROVISIONS FOR LIABILITIES

9

(33,744

)

(29,716

)

NET ASSETS

18,283

199

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

18,183

99

SHAREHOLDERS' FUNDS

18,283

199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 21 July 2025 and were signed by:

Dr L Gibson - Director

1.	STATUTORY INFORMATION

BLV Group Limited is a private company, limited by shares , registered in Scotland. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

25% on reducing balance

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 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 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 year was 12 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

302,300

AMORTISATION

At 1 April 2024

89,460

Charge for year

30,230

At 31 March 2025

119,690

NET BOOK VALUE

At 31 March 2025

182,610

At 31 March 2024

212,840

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

22,214

252,335

15,059

289,608

Additions

12,653

11,094

10,972

34,719

At 31 March 2025

34,867

263,429

26,031

324,327

DEPRECIATION

At 1 April 2024

9,965

140,521

7,714

158,200

Charge for year

2,490

12,290

4,579

19,359

At 31 March 2025

12,455

152,811

12,293

177,559

NET BOOK VALUE

At 31 March 2025

22,412

110,618

13,738

146,768

At 31 March 2024

12,249

111,814

7,345

131,408

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

83,451

81,615

Prepayments and accrued income

3,345

4,248

86,796

85,863

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

25,543

28,620

Trade creditors

6,181

-

Tax

42,801

37,233

Social security and other taxes

2,919

(198

)

Pension control

303

471

Directors' current accounts

36,045

43,178

Accrued expenses

2,434

15,366

116,226

124,670

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - more tham 1 years

436,581

459,048

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

33,744

29,716

Deferred

tax

£

Balance at 1 April 2024

29,716

Provided during year

4,028

Balance at 31 March 2025

33,744

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Dr L Gibson

Balance outstanding at start of year

(43,177

)

(57,292

)

Amounts advanced

111,929

61,666

Amounts repaid

(104,797

)

(47,551

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(36,045

)

(43,177

)

There are no specific repayment terms and no interest has been charged.