REGISTRAR OF COMPANIES

Registration number: 12016102

BCD Grass Converters Limited

Contents

Accountants' Report	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	4

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
BCD Grass Converters Limited
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of BCD Grass Converters Limited for the year ended 31 December 2024 as set out on pages 2 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of BCD Grass Converters Limited, as a body, in accordance with the terms of our engagement letter dated 12 October 2022. Our work has been undertaken solely to prepare for your approval the accounts of BCD Grass Converters Limited and state those matters that we have agreed to state to the Board of Directors of BCD Grass Converters Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BCD Grass Converters Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that BCD Grass Converters Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of BCD Grass Converters Limited. You consider that BCD Grass Converters Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of BCD Grass Converters Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

13 May 2025

BCD Grass Converters Limited

(Registration number: 12016102)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	647	-
Tangible assets	5	2,097,308	1,105,268
		2,097,955	1,105,268
Current assets
Stocks		1,811,768	2,146,053
Debtors	6	528,366	352,151
		2,340,134	2,498,204
Creditors: Amounts falling due within one year	7	(1,301,915)	(1,096,058)
Net current assets		1,038,219	1,402,146
Total assets less current liabilities		3,136,174	2,507,414
Creditors: Amounts falling due after more than one year	7	(2,776,298)	(2,418,801)
Provisions for liabilities		(97,398)	(63,884)
Net assets		262,478	24,729
Capital and reserves
Allotted, called up and fully paid share capital		100	100
Revaluation reserve		200,915	-
Profit and loss account		61,463	24,629
Total equity		262,478	24,729

BCD Grass Converters Limited

(Registration number: 12016102)
Balance Sheet as at 31 December 2024 (continued)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 May 2025 and signed on its behalf by:
 

.........................................

M Venables

Director

.........................................

J J Roberts

Director

BCD Grass Converters Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Bryn Celli Ddu
Llanddaniel
ANGLESEY
LL61 6EQ

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Government grants

Government grants such as the basic payment scheme are included in the profit and loss account when all the necessary conditions for receipt have been met.

Basic payment scheme amortisation

The amount paid in connection with the purchase of the basic payment scheme entitlement is being amortised over the useful economic life of that entitlement. In addition, an annual impairment review is being performed.

Tax

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

BCD Grass Converters Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, except for freehold property which is measured at revalued amounts, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	Not depreciated
Tenant improvements	Straight line to 31 December 2041
Plant and equipment	Straight line to 31 December 2041 and 15% reducing balance basis
Motor vehicles	25% reducing balance basis

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Trading stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. The cost of livestock represents the purchase cost plus any additional costs of rearing the animal. Net realisable value is based on selling price less anticipated selling costs. Crop stock is valued at fair value less any anticipated costs to sell.

BCD Grass Converters Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 6).

BCD Grass Converters Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4	Intangible assets

	Basic payment scheme  £	Total £
Cost or valuation
At 1 January 2024	8,356	8,356
Additions	969	969
At 31 December 2024	9,325	9,325
Amortisation
At 1 January 2024	8,356	8,356
Amortisation charge	322	322
At 31 December 2024	8,678	8,678
Carrying amount
At 31 December 2024	647	647
At 31 December 2023	-	-

5	Tangible assets

	Freehold property  £	Tenant improvements £	Plant and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	66,392	368,244	1,023,753	3,059	1,461,448
Revaluations	248,043	-	-	-	248,043
Additions	751,957	40,750	46,695	-	839,402
Disposals	-	-	(14,000)	-	(14,000)
At 31 December 2024	1,066,392	408,994	1,056,448	3,059	2,534,893
Depreciation
At 1 January 2024	-	80,792	274,245	1,143	356,180
Charge for the year	-	20,021	65,169	479	85,669
Eliminated on disposal	-	-	(4,264)	-	(4,264)
At 31 December 2024	-	100,813	335,150	1,622	437,585
Carrying amount
At 31 December 2024	1,066,392	308,181	721,298	1,437	2,097,308
At 31 December 2023	-	353,844	749,508	1,916	1,105,268

BCD Grass Converters Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

Revaluation

The fair value of the company's freehold property was revalued on 31 December 2024 by the directors.
The basis of valuation adopted was market value.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £818,349.

6

Debtors

	2024 £	2023 £
Trade debtors	19,956	18,109
Amounts owed by group undertakings and undertakings in which the company has a participating interest	184,962	210,230
Other debtors	323,448	123,812
	528,366	352,151

7

Creditors

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	204,976	332,151
Trade creditors		62,960	72,216
Amounts owed to group undertakings and undertakings in which the company has a participating interest		812,499	592,773
Taxation and social security		636	930
Other creditors		220,844	97,988
		1,301,915	1,096,058
Due after one year
Loans and borrowings	9	2,776,298	2,418,801