BNS Group Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11014458

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		845		1,502

			845		1,502
CURRENT ASSETS
Stocks	5	55,000		56,000
Debtors	6	87,561		45,310

		142,561		101,310
Creditors: Amounts Falling Due Within One Year	7	(364,294 )		(347,138 )

NET CURRENT ASSETS (LIABILITIES)			(221,733 )		(245,828 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(220,888 )		(244,326 )

Creditors: Amounts Falling Due After More Than One Year	8		(27,620 )		(37,308 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(160 )		(867 )

NET LIABILITIES			(248,668 )		(282,501 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(248,768 )		(282,601 )

SHAREHOLDERS' FUNDS			(248,668)		(282,501)

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BNS Group Limited

Balance Sheet (continued)

As At 31 October 2024

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Sam Tordoff

Director

15/10/2024

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

BNS Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11014458 . The registered office is 2a Bank Street, Tonbridge, Kent, TN9 1BL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern due to the continued support of the shareholders.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	3 Years Straight Line
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	3 Years Straight Line
Computer Equipment	3 Years Straight Line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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BNS Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2024	2023
Office and administration	3	3

	3	3

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 November 2023	1,584	3,917	6,716	12,217
Additions	-	-	269	269

As at 31 October 2024	1,584	3,917	6,985	12,486

Depreciation
As at 1 November 2023	1,584	2,943	6,188	10,715
Provided during the period	-	531	395	926

As at 31 October 2024	1,584	3,474	6,583	11,641

Net Book Value
As at 31 October 2024	-	443	402	845

As at 1 November 2023	-	974	528	1,502

5. Stocks

	2024	2023
	£	£
Work in progress	55,000	56,000

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	59,427	18,465
Prepayments and accrued income	26,124	-
VAT	2,010	26,845

	87,561	45,310

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BNS Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	29,893	30,797
Bank loans and overdrafts	61,340	57,496
Other taxes and social security	95,007	113,963
Net wages	4,850	-
Other creditors (2)	22,092	39,674
Other Loans	20,000	20,000
Directors' loan accounts	131,112	85,208

	364,294	347,138

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	27,620	37,308

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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