REGISTERED NUMBER: 01797036 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

BAGLEY PLASTERING CONTRACTORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K M Gilbert

C P Smith

REGISTERED OFFICE:

Brunswick Road

Cobbs Wood Industrial Estate

Ashford

Kent

TN23 1EA

REGISTERED NUMBER:

01797036 (England and Wales)

ACCOUNTANTS:

Cassidys Chartered Accountants

South Stour Offices

South Stour Road

Mersham

Ashford

Kent

TN25 7HS

CURRENT ASSETS

Stocks

4

75,455

65,255

Debtors

5

459,844

461,171

Cash at bank and in hand

192,670

30,316

727,969

556,742

CREDITORS

Amounts falling due within one year

6

432,069

270,192

NET CURRENT ASSETS

295,900

286,550

TOTAL ASSETS LESS CURRENT LIABILITIES

295,900

286,550

PROVISIONS FOR LIABILITIES

123,431

31,516

NET ASSETS

172,469

255,034

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

172,369

254,934

SHAREHOLDERS' FUNDS

172,469

255,034

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 8 October 2025 and were signed on its behalf by:

K M Gilbert - Director

1.	STATUTORY INFORMATION

Bagley Plastering Contractors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Long term contracts are stated at net cost less foreseeable losses less any applicable payments on account. The amount recorded as turnover in respect of long term contracts is ascertained by reference to the value of the work carried out to date. Attributable profit is recognised as the difference between recorded turnover and related costs.

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.

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 11 (2024 - 14 ) .

4.

STOCKS

31.1.25

31.1.24

£

£

Stocks

20,250

16,500

Work in progress

75,205

48,755

95,455

65,255

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

355,978

437,194

Amounts owed by group undertakings

78,322

-

Other debtors

25,544

23,977

459,844

461,171

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

199,010

222,939

Amounts owed to group undertakings

-

634

Taxation and social security

89,861

17,577

Other creditors

143,198

29,042

432,069

270,192

7.	RELATED PARTY DISCLOSURES

Bagley Holdings Limited - Parent Company

During the year management services were provided by Bagley Holdings Limited to Bagley Plastering Contractors at a charge of £233,333 (2024 - £200,000). At the balance sheet date Bagley Holdings Limited owed Bagley Plastering Contractors Limited the amount of £78,322 (2024 - Bagley Plastering Contractors Limited owed Bagley Holdings Ltd £634).

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Bagley Holdings Limited, a company registered in England & Wales.

The ultimate controlling party is K M Gilbert.