Registration number: 10373052

BSN (SW) Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 9

BSN (SW) Limited

(Registration number: 10373052)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	8,400	8,835
Tangible assets	5	165,052	184,638
		173,452	193,473
Current assets
Stocks	6	59,229	-
Debtors	7	335,362	313,295
Cash at bank and in hand		155,006	88,717
		549,597	402,012
Creditors: Amounts falling due within one year	8	(306,784)	(177,831)
Net current assets		242,813	224,181
Total assets less current liabilities		416,265	417,654
Creditors: Amounts falling due after more than one year	8	(148,823)	(198,799)
Provisions for liabilities		(4,127)	(11,685)
Net assets		263,315	207,170
Capital and reserves
Called up share capital		100	100
Retained earnings		263,215	207,070
Shareholders' funds		263,315	207,170

BSN (SW) Limited

(Registration number: 10373052)
Balance Sheet as at 31 January 2025

For the financial year ending 31 January 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 31 October 2025 and signed on its behalf by:
 

Mr W A Lang Director

BSN (SW) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 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:
10 Mulberry Court
Lustleigh Close
Matford Business Park
Exeter
Devon
EX2 8PW

These financial statements were authorised for issue by the Board on 31 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 except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Revenue recognition

Turnover represents amounts chargeable in respect of the sale of goods and services net of value added tax.

Goods sold are recognised upon the completion of the transaction on the delivery of the goods.

Hire sales are recognised straight line over the term of the lease agreements.
 

Government grants

Government grants are recognised when it is reasonable to expect that the grants will be received
and that all related conditions will be met, usually on submission of a valid claim or payment.

Government grants in respect of capital expenditure are credited to a deferred income account and
are released to profit over the expected useful lives of the relevant assets by equal annual
instalments.
Grants of a revenue nature are credited to income so as to match them with the expenditure to which
they relate.

BSN (SW) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, 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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% straight line
Motor vehicles	25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets

Other Intangibles assets are recognised initially at cost which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through the profit and loss when they can otherwise be measured reliably.

BSN (SW) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Other investments	Remeasured to fair value at each reporting date
Other intangible assets	Not amortised as the residual value exceeds the cost.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Dividends and other distributions to the equity holders of the company are recognised as a liability in the statement of changes in equity in the period in which the dividend and other distributions are approved by the shareholders.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 2 (2024 - 2).

BSN (SW) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4	Intangible assets

	Other investments  £	Other intangible assets  £	Total £
Cost or valuation
At 1 February 2024	435	8,400	8,835
Revaluations	(435)	-	(435)
At 31 January 2025	-	8,400	8,400
Amortisation
Carrying amount
At 31 January 2025	-	8,400	8,400
At 31 January 2024	435	8,400	8,835

The director has assessed the valuation of the other investments and considers that the market value as at 31 January 2025 is £nil (2024: £435)

BSN (SW) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

5	Tangible assets

	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2024	16,099	260,604	276,703
Additions	-	36,483	36,483
Disposals	(9,326)	-	(9,326)
At 31 January 2025	6,773	297,087	303,860
Depreciation
At 1 February 2024	12,484	79,581	92,065
Charge for the year	1,693	54,376	56,069
Eliminated on disposal	(9,326)	-	(9,326)
At 31 January 2025	4,851	133,957	138,808
Carrying amount
At 31 January 2025	1,922	163,130	165,052
At 31 January 2024	3,615	181,023	184,638

6

Stocks

	2025 £	2024 £
Other inventories	59,229	-

7

Debtors

	2025 £	2024 £
Trade debtors	65,638	72,988
Other debtors	269,724	240,307
	335,362	313,295

BSN (SW) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

8

Creditors

Due within one year	Note	2025 £	2024 £
Loans and borrowings	9	85,006	31,769
Trade creditors		121,362	35,266
Social security and other taxes		23,598	400
Other creditors		1,045	1,048
Accruals		48,185	4,472
Corporation tax liability		27,588	104,876
		306,784	177,831
Due after one year
Loans and borrowings	9	148,823	198,799