B.P.P. Technical Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02423416 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

B.P.P. Technical Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr. D T Brown

Mr E S Brown

Mr DL Patel

Professor M H Patel

Mr P Thomas

SECRETARY:

The Business Centre

REGISTERED OFFICE:

Broom House

39/43 London Road

Hadleigh, Benfleet

Essex

SS7 2QL

REGISTERED NUMBER:

02423416 (England and Wales)

ACCOUNTANTS:

BPSL

Brooms Professional Services Limited

Chartered Certified Accountants

Broom House

39/43 London Road

Hadleigh, Benfleet

Essex

SS7 2QL

FIXED ASSETS

Tangible assets

4

153,196

159,263

Investments

5

1,608,652

1,761,848

1,767,915

CURRENT ASSETS

Stocks

1,859,513

Debtors

6

1,543,499

1,354,829

Cash at bank and in hand

292,115

253,845

3,695,127

3,468,187

CREDITORS

Amounts falling due within one year

7

3,311,472

2,929,174

NET CURRENT ASSETS

383,655

539,013

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,145,503

2,306,928

PROVISIONS FOR LIABILITIES

200,000

286,644

NET ASSETS

1,945,503

2,020,284

CAPITAL AND RESERVES

Called up share capital

60,000

75,000

Share premium

8

63,700

1,198,079

Fair value reserve

8

1,222,007

Retained earnings

8

599,796

(474,802

)

1,945,503

2,020,284

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 22 September 2025 and were signed on its behalf by:

Professor M Patel - Director

1.	STATUTORY INFORMATION

B.P.P. Technical Services 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

in accordance with the property

Fixtures and fittings

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 15 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

Totals

£

COST

At 1 April 2024

361,866

647,862

364,509

1,374,237

Additions

-

6,371

26,327

32,698

At 31 March 2025

361,866

654,233

390,836

1,406,935

DEPRECIATION

At 1 April 2024

232,399

621,438

361,137

1,214,974

Charge for year

27,036

7,047

4,682

38,765

At 31 March 2025

259,435

628,485

365,819

1,253,739

NET BOOK VALUE

At 31 March 2025

102,431

25,748

25,017

153,196

At 31 March 2024

129,467

26,424

3,372

159,263

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

1,608,652

NET BOOK VALUE

At 31 March 2025

1,608,652

At 31 March 2024

1,608,652

Cost or valuation at 31 March 2025 is represented by:

Shares in

group

undertakings

£

Valuation in 2022

1,608,652

The company's investments at the Balance Sheet date in the share capital of companies include the following:

BPP Cables Limited

Registered office:

Nature of business: Development of subsea electrical power cables.

%

Class of shares:

holding

Ordinary

70.00

BPP Technical Services LLC

Registered office:

Nature of business: Oil, Gas and Engineering Consultancy.

%

Class of shares:

holding

Ordinary

100.00

BPP Cables LLC

Registered office:

Nature of business: Development of subsea electrical power cables.

%

Class of shares:

holding

Ordinary

70.00

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

1,036,932

840,440

Other debtors

65,247

65,112

R&D tax credit refund

4,292

22,588

VAT

2,667

30,152

Prepayments

434,361

396,537

1,543,499

1,354,829

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

3,236,355

2,878,062

Social security and other taxes

27,164

31,595

Other creditors

12,031

14,017

Accrued expenses

35,922

5,500

3,311,472

2,929,174

8.

RESERVES

Fair

Retained

Share

value

earnings

premium

reserve

Totals

£

At 1 April 2024

(474,802

)

1,198,079

1,222,007

1,945,284

Profit for the year

185,219

Purchase of own shares

889,379

(1,134,379

)

-

(245,000

)

At 31 March 2025

599,796

63,700

1,222,007

1,885,503

9.	DIRECTORS CONTROL

The Company is under the complete control of the Directors.

10.	GROUP ACCOUNTS

By virtue of s383 of the Companies Act 2006 the company has elected not to produce group accounts.