REGISTERED NUMBER: 05828251 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

BSL (SYSTEMS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J K Melia

Mr R J Sage

SECRETARY:

Mr N Newton

REGISTERED OFFICE:

Unit 4 Durley Park Close

North Cheshire Trading Estate

Prenton

Merseyside

CH43 3DZ

REGISTERED NUMBER:

05828251 (England and Wales)

ACCOUNTANTS:

BTMR Limited

Century Buildings

14 St Mary's Parsonage

Manchester

M3 2DF

BANKERS:

Lloyds TSB

PO Box 1000

Andover

BX1 1LT

FIXED ASSETS

Tangible assets

4

2,123,952

1,516,240

Investments

5

608,509

608,509

2,732,461

2,124,749

CURRENT ASSETS

Debtors

6

768,742

1,017,189

Cash at bank

1,124,340

1,196,691

1,893,082

2,213,880

CREDITORS

Amounts falling due within one year

7

1,068,317

1,631,777

NET CURRENT ASSETS

824,765

582,103

TOTAL ASSETS LESS CURRENT LIABILITIES

3,557,226

2,706,852

CREDITORS

Amounts falling due after more than one year

8

(242,989

)

(5,833

)

PROVISIONS FOR LIABILITIES

(406,411

)

(251,725

)

NET ASSETS

2,907,826

2,449,294

CAPITAL AND RESERVES

Called up share capital

10

54

54

Capital redemption reserve

49

49

Retained earnings

2,907,723

2,449,191

SHAREHOLDERS' FUNDS

2,907,826

2,449,294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2025 and were signed on its behalf by:

Mr J K Melia - Director

1.	STATUTORY INFORMATION

BSL (Systems) 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.

Turnover

Turnover is accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

10% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are initially recorded at cost.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2024 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 May 2024

519,500

2,093,872

28,006

670,938

3,312,316

Additions

-

533,059

-

597,956

1,131,015

Disposals

-

-

-

(345,733

)

(345,733

)

At 30 April 2025

519,500

2,626,931

28,006

923,161

4,097,598

DEPRECIATION

At 1 May 2024

20,780

1,343,776

26,276

405,244

1,796,076

Charge for year

10,390

214,012

944

188,565

413,911

Eliminated on disposal

-

-

-

(236,341

)

(236,341

)

At 30 April 2025

31,170

1,557,788

27,220

357,468

1,973,646

NET BOOK VALUE

At 30 April 2025

488,330

1,069,143

786

565,693

2,123,952

At 30 April 2024

498,720

750,096

1,730

265,694

1,516,240

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 May 2024

147,818

Additions

551,957

Transfer to ownership

(147,818

)

At 30 April 2025

551,957

DEPRECIATION

At 1 May 2024

79,175

Charge for year

137,989

Transfer to ownership

(79,175

)

At 30 April 2025

137,989

NET BOOK VALUE

At 30 April 2025

413,968

At 30 April 2024

68,643

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2024

and 30 April 2025

608,509

NET BOOK VALUE

At 30 April 2025

608,509

At 30 April 2024

608,509

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

608,121

583,225

Amounts owed by related parties

68,500

50,000

Other debtors

92,121

383,964

768,742

1,017,189

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

-

76,389

Hire purchase contracts

176,980

30,278

Trade creditors

125,614

827,714

Amounts owed to group undertakings

476,407

266,168

Taxation and social security

242,178

412,194

Other creditors

47,138

19,034

1,068,317

1,631,777

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Hire purchase contracts

242,989

5,833

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Hire purchase contracts

419,969

36,111

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

51

Ordinary A

£1

51

51

1

Ordinary B Shares

£1

1

1

1

Ordinary C Shares

£1

1

1

1

Ordinary D Shares

£1

1

1

54

54

11.	RELATED PARTIES

At the year end £2,216 (2024 - £0) was owed to the company from the directors.