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Registration number: 12613422

BW Group Services Limited
Unaudited Filleted Financial Statements
for the Year Ended 28 February 2025

BW Group Services Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 13

BW Group Services Limited

Company Information

Directors | C. I. Bestwick J. K. Mitchell T. J. Whittle

Company secretary | H. Bestwick

Registered office | Unit 5 Winnings Court Ormonde Drive Denby Hall Business Park Denby Ripley DE5 8LE

Accountants | Robert Whowell & Partners LLP Chartered Accountants Westwood House 78 Loughborough Road Quorn Loughborough Leicestershire LE12 8DX

BW Group Services Limited

(Registration number: 12613422)
Balance Sheet as at 28 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 1,135,083 | 974,024
Investments | 6 | 502,500 | 502,500
|  | 1,637,583 | 1,476,524
Current assets |  |  |
Debtors | 7 | 1,308,223 | 1,096,637
Cash at bank and in hand |  | 1,452,136 | 105,131
|  | 2,760,359 | 1,201,768
Creditors: Amounts falling due within one year | 8 | (1,324,168) | (159,236)
Net current assets |  | 1,436,191 | 1,042,532
Total assets less current liabilities |  | 3,073,774 | 2,519,056
Creditors: Amounts falling due after more than one year | 8 | (566,268) | (523,131)
Provisions for liabilities |  | (164,231) | (83,933)
Net assets |  | 2,343,275 | 1,911,992
Capital and reserves |  |  |
Called up share capital | 9 | 500,150 | 500,150
Retained earnings |  | 1,843,125 | 1,411,842
Shareholders' funds |  | 2,343,275 | 1,911,992

BW Group Services Limited

(Registration number: 12613422)
Balance Sheet as at 28 February 2025

For the financial year ending 28 February 2025 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 and 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 7 October 2025 and signed on its behalf by:

......................................... C. I. Bestwick Director

BW Group Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

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:
Unit 5 Winnings Court
Ormonde Drive
Denby Hall Business Park
Denby
Ripley
DE5 8LE

These financial statements were authorised for issue by the Board on 7 October 2025.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Departure from requirements of FRS 102 and the Companies Act

It is company policy to maintain the freehold property in a continual state of sound repair and, accordingly, the directors consider that the residual value and life of the freehold property is such that its depreciation would be immaterial. The directors perform annual impairment reviews in accordance with the requirements of FRS 102 to ensure that the recoverable amount is not lower than the carrying value. This treatment is contrary to FRS 102 and the Companies Act but, in the opinion of the directors, is applicable to give a true and fair view. The effect of not departing from FRS 102 and the Companies Act would be to reduce the reported profit for the year by depreciation. The amount of depreciation cannot reasonably be quantified because depreciation is only one of many factors reflected in the annual valuation and the amounts which might otherwise have been shown cannot be separately identified or quantified

Going concern

The financial statements have been prepared on a going concern basis.

BW Group Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

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 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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

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, 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 over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Freehold land and buildings | Not depreciated
Furniture, fittings and equipment | 25% reducing balance
Motor vehicles | 25% reducing balance
Plant and machinery | 25% reducing balance

BW Group Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit and loss account. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold 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 debtor

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.

BW Group Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

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 are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a reducing balance basis over the life of the asset. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

BW Group Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4 | Profit before tax

Arrived at after charging:

| 2025 £ | 2024 £
Depreciation | 151,424 | 106,022

5 | Tangible assets

| Freehold land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Plant and machinery £ | Total £
Cost or valuation
At 1 March 2024 | 522,312 | 17,783 | 508,244 | 33,422 | 1,081,761
Additions | - | - | 315,735 | - | 315,735
Disposals | - | - | (4,476) | - | (4,476)
At 28 February 2025 | 522,312 | 17,783 | 819,503 | 33,422 | 1,393,020
Depreciation
At 1 March 2024 | - | 4,452 | 94,918 | 8,367 | 107,737
Charge for the year | - | 3,338 | 141,816 | 6,270 | 151,424
Eliminated on disposal | - | - | (1,224) | - | (1,224)
At 28 February 2025 | - | 7,790 | 235,510 | 14,637 | 257,937
Carrying amount
At 28 February 2025 | 522,312 | 9,993 | 583,993 | 18,785 | 1,135,083
At 29 February 2024 | 522,312 | 13,331 | 413,326 | 25,055 | 974,024

BW Group Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

6 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 502,500 | 502,500

Subsidiaries | £
Cost or valuation
At 1 March 2024 | 502,500
At 28 February 2025 | 502,500
Carrying amount
At 28 February 2025 | 502,500
At 29 February 2024 | 502,500

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
BW M&E Limited | Unit 5 Winnings Court Ormonde Drive Denby Hall Business Park Denby Ripley DE5 8LE | Ordinary | 100% | 100%

BW Group Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
BW M&E Services Limited | Unit 5 Winnings Court Ormonde Drive Denby Hall Business Park Denby Ripley DE5 8LE | Ordinary A | 66.6% | 0%

BW Group Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 805,859 | 762,623
Amounts owed by subsidary undertaking | - | 59,782
Prepayments | 1,050 | 540
Other debtors | 501,314 | 273,692
| 1,308,223 | 1,096,637

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | 179,934 | 86,587
Trade creditors |  | 42,318 | 7,601
Amounts owed to subsidiary undertaking | 11 | 938,686 | -
Taxation and social security |  | 159,730 | 61,548
Accruals and deferred income |  | 3,500 | 3,500
|  | 1,324,168 | 159,236

Creditors include bank loans and net obligations under hire purchase contracts which are secured of £179,934 (2024 - £86,587).

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | 566,268 | 523,131

Creditors include bank loans and net obligations under hire purchase contracts which are secured of £566,268 (2024 - £523,131).

Creditors include bank loans repayable by instalments of £279,228 (2024 - £288,597) due after more than five years.

BW Group Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A shares of £1 each | 25 | 25 | 25 | 25
Ordinary B shares of £1 each | 25 | 25 | 25 | 25
Ordinary C shares of £1 each | 25 | 25 | 25 | 25
Ordinary D shares of £1 each | 25 | 25 | 25 | 25
Ordinary E shares of £1 each | 25 | 25 | 25 | 25
Ordinary F shares of £1 each | 25 | 25 | 25 | 25
Preference shares of £1 each | 500,000 | 500,000 | 500,000 | 500,000
| 500,150 | 500,150 | 500,150 | 500,150

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 324,228 | 331,641
Hire purchase contracts | 242,040 | 191,490
| 566,268 | 523,131

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 10,262 | 10,761
Hire purchase contracts | 169,672 | 75,826
| 179,934 | 86,587

BW Group Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

11 | Related party transactions

Transactions with directors

2025 | At 1 March 2024 £ | Advances to director £ | Repayments by director £ | At 28 February 2025 £
C. I. Bestwick
Director's loan | 96,387 | 202,544 | (111,217) | 187,714
J. K. Mitchell
Director's loan | 92,574 | 158,569 | (102,966) | 148,177
T. J. Whittle
Director's loan | 80,879 | 157,863 | (87,670) | 151,072

2024 | At 1 March 2023 £ | Advances to director £ | Repayments by director £ | At 29 February 2024 £
C. I. Bestwick
Director's loan | 98,110 | 111,158 | (112,881) | 96,387
J. K. Mitchell
Director's loan | 71,450 | 103,870 | (82,746) | 92,574
T. J. Whittle
Director's loan | 58,345 | 95,520 | (72,986) | 80,879

Summary of transactions with other related parties

During the year the directors received dividends amounting to £274,000 (2024 - £232,000).