Company No: 08230446 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	9,528		6,498
		9,528		6,498
Current assets
Debtors	4	151		1,478
Cash at bank and in hand		5,566		3,672
		5,717		5,150
Creditors: amounts falling due within one year	5	( 5,508)		( 5,554)
Net current assets/(liabilities)		209		(404)
Total assets less current liabilities		9,737		6,094
Creditors: amounts falling due after more than one year	6	( 2,206)		( 4,358)
Net assets		7,531		1,736
Capital and reserves
Called-up share capital	7	1		1
Profit and loss account		7,530		1,735
Total shareholder's funds		7,531		1,736

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of BGBUK LTD (registered number: 08230446) were approved and authorised for issue by the Board of Directors on 24 September 2025. They were signed on its behalf by:

Mr B Beal 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

BGBUK LTD (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 The Old Forge, How Caple, Hereford, HR1 4TE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

Turnover

Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

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.

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 reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

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.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2024	9,822		9,822
Additions	4,664		4,664
At 31 December 2024	14,486		14,486
Accumulated depreciation
At 01 January 2024	3,324		3,324
Charge for the financial year	1,634		1,634
At 31 December 2024	4,958		4,958
Net book value
At 31 December 2024	9,528		9,528
At 31 December 2023	6,498		6,498

4. Debtors

	2024		2023
	£		£
Corporation tax	0		588
Other debtors	151		890
	151		1,478

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	2,152		2,099
Trade creditors	182		493
Corporation tax	766		0
Other creditors	2,408		2,962
	5,508		5,554

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

	2024		2023
	£		£
Bank loans	2,206		4,358

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

7. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00	1		1