Company No: 06428022 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	115,000		191,707
Tangible assets	4	230,307		189,314
		345,307		381,021
Current assets
Debtors	5	3,691,562		3,128,852
Cash at bank and in hand		641,188		280,603
		4,332,750		3,409,455
Creditors: amounts falling due within one year	6	( 1,955,891)		( 1,748,794)
Net current assets		2,376,859		1,660,661
Total assets less current liabilities		2,722,166		2,041,682
Creditors: amounts falling due after more than one year	7	( 17,606)		( 58,321)
Provision for liabilities		( 55,482)		( 1,689)
Net assets		2,649,078		1,981,672
Capital and reserves
Called-up share capital	8	1,000		1,000
Profit and loss account		2,648,078		1,980,672
Total shareholder's funds		2,649,078		1,981,672

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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of BWP Group Limited (registered number: 06428022) were approved and authorised for issue by the Board of Directors on 23 September 2025. They were signed on its behalf by:

R Beasley Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

BWP Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 20-26 Spital Street, Marlow, England, SL7 1DB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for marketing and communication services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	8 years straight line
Plant and machinery	4 - 5 years straight line
Vehicles	25 % reducing balance

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

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 unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	60		47

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2024	2,151,950		2,151,950
Disposals	( 2,001,950)		( 2,001,950)
At 31 December 2024	150,000		150,000
Accumulated amortisation
At 01 January 2024	1,960,243		1,960,243
Charge for the financial year	15,000		15,000
Disposals	( 1,940,243)		( 1,940,243)
At 31 December 2024	35,000		35,000
Net book value
At 31 December 2024	115,000		115,000
At 31 December 2023	191,707		191,707

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Total
	£		£		£		£
Cost
At 01 January 2024	63,363		512,973		74,649		650,985
Additions	0		103,324		0		103,324
Disposals	0		( 59,855)		0		( 59,855)
At 31 December 2024	63,363		556,442		74,649		694,454
Accumulated depreciation
At 01 January 2024	63,146		383,865		14,660		461,671
Charge for the financial year	217		47,117		14,997		62,331
Disposals	0		( 59,855)		0		( 59,855)
At 31 December 2024	63,363		371,127		29,657		464,147
Net book value
At 31 December 2024	0		185,315		44,992		230,307
At 31 December 2023	217		129,108		59,989		189,314

5. Debtors

	2024		2023
	£		£
Trade debtors	1,608,973		1,599,392
Amounts owed by Group undertakings	1,224,647		1,222,322
Deferred tax asset	60,000		0
Other debtors	797,942		307,138
	3,691,562		3,128,852

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	36,458		62,500
Trade creditors	855,673		615,281
Amounts owed to associates	5,820		5,830
Corporation tax	50,248		192,718
Other taxation and social security	451,689		311,875
Obligations under finance leases and hire purchase contracts	4,257		3,654
Other creditors	551,746		556,936
	1,955,891		1,748,794

7. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	0		36,458
Obligations under finance leases and hire purchase contracts	17,606		21,863
	17,606		58,321

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
1,000 1P ordinary shares of £ 1.00 each (2023: 6,000 shares of £ 0.01 each)	1,000		60
Nil A 1P ordinary shares (2023: 47,000 shares of £ 0.01 each)	0		470
Nil B 1P ordinary shares (2023: 47,000 shares of £ 0.01 each)	0		470
	1,000		1,000

9. Related party transactions

Transactions with the entity's directors

	2024		2023
	£		£
Amounts owed from/(to) the director	2,000		(150,128)

During the year the company made advances of £2,000.

The loan from the director to the company is unsecured, interest free and repayable on demand.