Company registration number 10558667 (England and Wales)
BS HANDLING PROPERTY SERVICES LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
BS HANDLING PROPERTY SERVICES LIMITED
COMPANY INFORMATION
Directors
Mr RD Smith
Miss CM Brand
Company number
10558667
Registered office
5 Oswin Road
Brailsford Industrial Park
Leicester
LE3 1HR
Auditor
Accapita LLP
Christopher House
94b London Road
Leicester
Leicestershire
United Kingdom
LE2 0QS
BS HANDLING PROPERTY SERVICES LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2 - 3
Independent auditor's report
4 - 7
Group statement of comprehensive income
8
Group balance sheet
9
Company balance sheet
10
Group statement of changes in equity
11
Company statement of changes in equity
12
Group statement of cash flows
13
Notes to the financial statements
14 - 30
BS HANDLING PROPERTY SERVICES LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 1 -

The directors present the strategic report for the year ended 28 February 2025.

Review of the business

Group turnover for the year decreased to £4,240,955 (2024 - £12,284,895) mainly due to several large value projects in the previous year, however with a focus on improving efficiency it has been another profitable year with profit before tax of £841,793 (2024 - £3,660,978).

The group also made further investment in it's property portfolio to secure additional income streams in the future.

The sector in which the group operates remains very competitive but with our good reputation for quality work, control over costs, the future prospects remain positive but challenging. Based on our current order book we expect to report turnover will be maintained in the following year.

Principal risks and uncertainties

The directors constantly identif y, monitor, evaluate and manage risks faced by the company, which include:

- Changes in regulation and compliance

- Changes in product technology and requirements of customers

- Operational risks arising from the nature of projects we undertake

- Legal risks resulting from contracts with customers and suppliers and our obligation to our work force and general public

- Business risks due to the general economic condition

- Impact of political decisions (UK & EU) on our market sectors

Key performance indicators

The directors monitor the financial performance of the company by reference to monthly revenue, operating profit, cash levels and future orders.

On behalf of the board

Mr RD Smith
Director
31 October 2025
BS HANDLING PROPERTY SERVICES LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 2 -

The directors present their annual report and financial statements for the year ended 28 February 2025.

Principal activities

The principal activity of the company continued to be that of property investment and rental. The group also includes BS Handling Systems Limited whose principal activity is the design and installation of conveyor and racking systems.

Results and dividends

The results for the year are set out on page 8.

Ordinary dividends were paid amounting to £260,000. The directors do not recommend payment of a further dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr RD Smith
Miss CM Brand
Statement of directors' responsibilities

The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and company, and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

BS HANDLING PROPERTY SERVICES LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 3 -
On behalf of the board
Mr RD Smith
Director
31 October 2025
BS HANDLING PROPERTY SERVICES LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF BS HANDLING PROPERTY SERVICES LIMITED
- 4 -
Opinion

We have audited the financial statements of BS Handling Property Services Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 28 February 2025 which comprise the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the group's and the parent company's affairs as at 28 February 2025 and of the group's profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

BS HANDLING PROPERTY SERVICES LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF BS HANDLING PROPERTY SERVICES LIMITED
- 5 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- the parent company financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

BS HANDLING PROPERTY SERVICES LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF BS HANDLING PROPERTY SERVICES LIMITED
- 6 -
Identifying and assessing potential risks relating to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following: the nature of the industry, control environment and business performance results of our enquiries of management about their own identification and assessment of the risks of irregularities; any matters we identified having obtained and reviewed the company’s documentation of their policies and procedures relating to: - identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance; - detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; - the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to revenue recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory framework that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and tax legislation. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company’s ability to operate or to avoid a material penalty.

Audit response to risks identified

As a result of performing the above, we identified revenue recognition as a key audit matter related to the potential risk of fraud.

Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management concerning actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- reviewing any regulatory correspondence

- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

BS HANDLING PROPERTY SERVICES LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF BS HANDLING PROPERTY SERVICES LIMITED
- 7 -

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Darren Ferguson (Senior Statutory Auditor)
For and on behalf of Accapita LLP
6 November 2025
Chartered Certified Accountants
Statutory Auditor
Christopher House
94b London Road
Leicester
Leicestershire
United Kingdom
LE2 0QS
BS HANDLING PROPERTY SERVICES LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 8 -
2025
2024
Notes
£
£
Turnover
3
4,240,955
12,284,895
Cost of sales
(2,506,278)
(6,617,364)
Gross profit
1,734,677
5,667,531
Administrative expenses
(1,053,926)
(1,940,298)
Operating profit
4
680,751
3,727,233
Interest receivable and similar income
8
92,646
47,862
Interest payable and similar expenses
9
(141,637)
(114,117)
Amounts written off investments
10
210,213
-
Profit before taxation
841,973
3,660,978
Tax on profit
11
(183,963)
(801,512)
Profit for the financial year
658,010
2,859,466
Profit for the financial year is all attributable to the owners of the parent company.
Total comprehensive income for the year is all attributable to the owners of the parent company.
BS HANDLING PROPERTY SERVICES LIMITED
GROUP BALANCE SHEET
AS AT 28 FEBRUARY 2025
28 February 2025
- 9 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
13
179,204
223,817
Investment property
14
6,587,656
5,797,531
6,766,860
6,021,348
Current assets
Stocks
17
312,992
58,754
Debtors
18
5,991,737
5,704,788
Cash at bank and in hand
684,274
2,328,386
6,989,003
8,091,928
Creditors: amounts falling due within one year
19
(1,422,167)
(2,404,616)
Net current assets
5,566,836
5,687,312
Total assets less current liabilities
12,333,696
11,708,660
Creditors: amounts falling due after more than one year
20
(2,222,273)
(2,046,201)
Provisions for liabilities
Deferred tax liability
22
73,084
22,130
(73,084)
(22,130)
Net assets
10,038,339
9,640,329
Capital and reserves
Called up share capital
24
450
450
Profit and loss reserves
10,037,889
9,639,879
Total equity
10,038,339
9,640,329

These financial statements have been prepared in accordance with the provisions relating to medium-sized groups.

The financial statements were approved by the board of directors and authorised for issue on 31 October 2025 and are signed on its behalf by:
31 October 2025
Mr RD Smith
Director
Company registration number 10558667 (England and Wales)
BS HANDLING PROPERTY SERVICES LIMITED
COMPANY BALANCE SHEET
AS AT 28 FEBRUARY 2025
28 February 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
14
6,587,656
5,797,531
Investments
15
200
200
6,587,856
5,797,731
Current assets
Debtors
18
5,029,797
4,426,655
Cash at bank and in hand
438,334
542,015
5,468,131
4,968,670
Creditors: amounts falling due within one year
19
(120,515)
(83,284)
Net current assets
5,347,616
4,885,386
Total assets less current liabilities
11,935,472
10,683,117
Creditors: amounts falling due after more than one year
20
(2,222,273)
(2,002,451)
Provisions for liabilities
Deferred tax liability
22
73,084
22,130
(73,084)
(22,130)
Net assets
9,640,115
8,658,536
Capital and reserves
Called up share capital
24
450
450
Profit and loss reserves
9,639,665
8,658,086
Total equity
9,640,115
8,658,536

As permitted by s408 Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £1,241,579 (2024 - £5,079,844 profit).

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 31 October 2025 and are signed on its behalf by:
31 October 2025
Mr RD Smith
Director
Company registration number 10558667 (England and Wales)
BS HANDLING PROPERTY SERVICES LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 11 -
Share capital
Non-distri-butable profits
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 March 2023
450
97,350
7,033,063
7,130,863
Year ended 28 February 2024:
Profit and total comprehensive income
-
12,043
2,847,423
2,859,466
Dividends
12
-
-
(350,000)
(350,000)
Balance at 28 February 2024
450
109,393
9,530,486
9,640,329
Year ended 28 February 2025:
Profit and total comprehensive income
-
159,259
498,751
658,010
Dividends
12
-
-
(260,000)
(260,000)
Balance at 28 February 2025
450
268,652
9,769,237
10,038,339
BS HANDLING PROPERTY SERVICES LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 12 -
Share capital
Non-distri-butable profits
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 March 2023
450
97,350
3,830,892
3,928,692
Year ended 28 February 2024:
Profit and total comprehensive income for the year
-
12,043
5,067,801
5,079,844
Dividends
12
-
-
(350,000)
(350,000)
Balance at 28 February 2024
450
109,393
8,548,693
8,658,536
Year ended 28 February 2025:
Profit and total comprehensive income
-
159,259
1,082,320
1,241,579
Dividends
12
-
-
(260,000)
(260,000)
Balance at 28 February 2025
450
268,652
9,371,013
9,640,115
BS HANDLING PROPERTY SERVICES LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 13 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
29
490,869
2,067,043
Interest paid
(141,637)
(114,117)
Income taxes paid
(869,809)
(766,923)
Net cash (outflow)/inflow from operating activities
(520,577)
1,186,003
Investing activities
Purchase of investment property
(579,912)
(2,478,380)
Repayment of loans
(476,442)
(667,223)
Interest received
92,646
47,862
Net cash used in investing activities
(963,708)
(3,097,741)
Financing activities
Repayment of borrowings
178,923
470,751
Repayment of bank loans
(78,750)
(37,917)
Dividends paid to equity shareholders
(260,000)
(350,000)
Net cash (used in)/generated from financing activities
(159,827)
82,834
Net decrease in cash and cash equivalents
(1,644,112)
(1,828,904)
Cash and cash equivalents at beginning of year
2,328,386
4,157,290
Cash and cash equivalents at end of year
684,274
2,328,386
BS HANDLING PROPERTY SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 14 -
1
Accounting policies
Company information

BS Handling Property Services Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is 5 Oswin Road, Brailsford Industrial Park, Leicester, Leicestershire, LE3 1HR.

The group consists of BS Handling Property Services Limited and all of its subsidiaries.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements for parent company information presented within the consolidated financial statements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

1.2
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

BS HANDLING PROPERTY SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 15 -
1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company BS Handling Property Services Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

All financial statements are made up to 28 February 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

Entities in which the group holds an interest and which are jointly controlled by the group and one or more other venturers under a contractual arrangement are treated as joint ventures. Entities other than subsidiary undertakings or joint ventures, in which the group has a participating interest and over whose operating and financial policies the group exercises a significant influence, are treated as associates.

Investments in joint ventures and associates are carried in the group balance sheet at cost plus post-acquisition changes in the group’s share of the net assets of the entity, less any impairment in value. The carrying values of investments in joint ventures and associates include acquired goodwill.

If the group’s share of losses in a joint venture or associate equals or exceeds its investment in the joint venture or associate, the group does not recognise further losses unless it has incurred obligations to do so or has made payments on behalf of the joint venture or associate.

Unrealised gains arising from transactions with joint ventures and associates are eliminated to the extent of the group’s interest in the entity.

1.4
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.5
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

BS HANDLING PROPERTY SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 16 -

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
in accordance with the property
Plant and equipment
20% on reducing balance
Fixtures and fittings
15% on reducing balance
Computers
33% on cost
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.7
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.8
Fixed asset investments

Equity in vest ments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

BS HANDLING PROPERTY SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 17 -

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Investments in associates are initially recognised at the transaction price (including transaction costs) and are subsequently adjusted to reflect the g roup’s share of the profit or loss, other comprehensive income and equity of the associate using the equity method. Any difference between the cost of acquisition and the share of the fair value of the net identifiable assets of the associate on acquisition is recognised as goodwill. Any unamortised balance of goodwill is included in the carrying value of the investment in associates.

Losses in excess of the carrying amount of an investment in an associate are recorded as a provision only when the company has incurred legal or constructive obligations or has made payments on behalf of the associate.

In the parent c ompany financial statements, investments in associates are accounted for at cost less impairment.

Entities in which the group has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.9
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

BS HANDLING PROPERTY SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 18 -
1.10
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost 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.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.11
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.12
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

BS HANDLING PROPERTY SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 19 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

BS HANDLING PROPERTY SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 20 -
Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.13
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

1.14
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.15
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.16
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.17
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

BS HANDLING PROPERTY SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 21 -
2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Design and installation of systems contracts
1,750,412
10,072,275
Other design and installation services
2,198,484
2,015,842
Rental income
292,059
196,778
4,240,955
12,284,895
2025
2024
£
£
Other revenue
Interest income
92,646
47,862
4
Operating profit
2025
2024
£
£
Operating profit for the year is stated after charging:
Depreciation of owned tangible fixed assets
44,613
46,741
(Profit)/loss on disposal of tangible fixed assets
-
791
Operating lease charges
140,995
115,945
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the group and company
-
3,000
Audit of the financial statements of the company's subsidiaries
5,500
8,009
5,500
11,009
BS HANDLING PROPERTY SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 22 -
6
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
Management
2
4
2
2
Sales and administration
2
5
-
-
Production
4
10
-
-
Total
8
19
2
2

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
357,174
827,951
-
0
-
0
Social security costs
35,376
91,630
-
-
Pension costs
21,774
320,578
-
0
-
0
414,324
1,240,159
-
0
-
0
7
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
27,574
27,182
Company pension contributions to defined contribution schemes
-
80,000
27,574
107,182

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 2 (202 4 - 2).

8
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
33,052
5,224
Other interest income
59,594
42,638
Total income
92,646
47,862
BS HANDLING PROPERTY SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 23 -
9
Interest payable and similar expenses
2025
2024
£
£
Interest on bank overdrafts and loans
1,564
8,441
Other interest on financial liabilities
96,471
91,679
Other interest
43,602
13,997
Total finance costs
141,637
114,117
10
Amounts written off investments
2025
2024
£
£
Changes in the fair value of investment properties
210,213
-
11
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
183,963
858,186
Deferred tax
Adjustment in respect of prior periods
-
0
(56,674)
Total tax charge
183,963
801,512

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
841,973
3,660,978
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 24.75%)
210,494
906,092
Tax effect of expenses that are not deductible in determining taxable profit
2,517
11,764
Change in unrecognised deferred tax assets
935
(1,420)
Adjustments in respect of prior years
-
0
(56,674)
Depreciation on assets not qualifying for tax allowances
8,608
7,712
Research and development tax credit
(36,992)
(60,436)
Effect of revaluations of investments
(1,599)
(2,282)
Tax at marginal rate
-
0
(3,244)
Taxation charge
183,963
801,512
BS HANDLING PROPERTY SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 24 -
12
Dividends
2025
2024
Recognised as distributions to equity holders:
£
£
Interim paid
260,000
350,000
13
Tangible fixed assets
Group
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 29 February 2024 and 28 February 2025
344,297
3,600
83,816
24,688
38,025
494,426
Depreciation and impairment
At 29 February 2024
171,895
1,849
46,925
22,312
27,628
270,609
Depreciation charged in the year
34,430
350
5,537
1,696
2,600
44,613
At 28 February 2025
206,325
2,199
52,462
24,008
30,228
315,222
Carrying amount
At 28 February 2025
137,972
1,401
31,354
680
7,797
179,204
At 28 February 2024
172,402
1,751
36,891
2,376
10,397
223,817
The company had no tangible fixed assets at 28 February 2025 or 28 February 2024.
14
Investment property
Group
Company
2025
2025
£
£
Fair value
At 29 February 2024
5,797,531
5,797,531
Additions through external acquisition
579,912
579,912
Net gains or losses through fair value adjustments
210,213
210,213
At 28 February 2025
6,587,656
6,587,656

The methods and significant assumptions used to ascertain the fair value of £6,587,656 (202 4 - £5,797,531) and fair value movement of £210,213 (202 4 - £nil) included in the profit/loss for the year are as follows :

The properties are valued at the directors' open market valuation with reference to rental income, residential property returns and the local property market.

BS HANDLING PROPERTY SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 25 -
15
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
16
-
0
-
0
200
200
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 29 February 2024 and 28 February 2025
200
Carrying amount
At 28 February 2025
200
At 28 February 2024
200
16
Subsidiaries

Details of the company's subsidiaries at 28 February 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
BS Handling Systems Limited
5 Oswin Road, Brailsford Industrial Park, Leicester, LE3 1HR
Ordinary
100.00
17
Stocks
Group
Company
2025
2024
2025
2024
£
£
£
£
Raw materials and consumables
50,000
50,000
-
-
Work in progress
262,992
8,754
-
-
312,992
58,754
-
-
BS HANDLING PROPERTY SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 26 -
18
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
718,219
1,119,770
-
0
-
0
Gross amounts owed by contract customers
19,028
-
0
-
0
-
0
Corporation tax recoverable
381,377
293,774
355,370
232,183
Amounts owed by group undertakings
-
-
-
546
Other debtors
4,646,253
4,164,200
4,640,646
4,164,200
Prepayments and accrued income
226,860
127,044
33,781
29,726
5,991,737
5,704,788
5,029,797
4,426,655
19
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans
21
-
0
35,000
-
0
-
0
Other borrowings
21
62,732
103,631
62,732
47,933
Trade creditors
509,752
618,854
-
0
-
0
Gross amounts owed to contract customers
274,801
-
0
-
0
-
0
Corporation tax payable
132,750
781,947
57,783
28,651
Other taxation and social security
52,493
340,763
-
-
Other creditors
16,541
9,907
-
0
-
0
Accruals and deferred income
373,098
514,514
-
0
6,700
1,422,167
2,404,616
120,515
83,284
20
Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
21
-
0
43,750
-
0
-
0
Other borrowings
21
2,222,273
2,002,451
2,222,273
2,002,451
2,222,273
2,046,201
2,222,273
2,002,451
Amounts included above which fall due after five years are as follows:
Payable by instalments
1,368,051
1,150,465
1,368,051
1,150,465
Payable other than by instalments
683,074
683,074
683,074
683,074
2,051,125
1,833,539
2,051,125
1,833,539
BS HANDLING PROPERTY SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 27 -
21
Loans and overdrafts
Group
Company
2025
2024
2025
2024
£
£
£
£
Bank loans
-
0
78,750
-
0
-
0
Other loans
2,285,005
2,106,082
2,285,005
2,050,384
2,285,005
2,184,832
2,285,005
2,050,384
Payable within one year
62,732
138,631
62,732
47,933
Payable after one year
2,222,273
2,046,201
2,222,273
2,002,451

Other loans of £2,285,005 (202 4 - £2,050,38 5) are secured by a first legal charge and fixed charge on freehold investment properties.

Other loans consists of both interest only and with capital repayment loans with terms between thirteen and twenty five years. These bear fixed interest rates of between 3.0% and 5.4% for the initial period and then at bank rate plus 3.7% to 5.5% thereafter.

22
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
Liabilities
2025
2024
Group
£
£
Investment property
73,084
22,130
Liabilities
Liabilities
2025
2024
Company
£
£
Investment property
73,084
22,130
BS HANDLING PROPERTY SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
22
Deferred taxation
(Continued)
- 28 -
Group
Company
2025
2025
Movements in the year:
£
£
Liability at 29 February 2024
22,130
22,130
Charge to other comprehensive income
50,954
50,954
Liability at 28 February 2025
73,084
73,084
23
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
21,774
320,578

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

24
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
450
450
450
450
25
Operating lease commitments
Lessee

Operating lease payments include peppercorn rentals payable by the group in relation to leasehold properties, the payments for which are spread over the remaining life of the leases of between one hundred and seven and nine hundred and eighty one years.

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
Within one year
55,661
31,215
13,632
13,632
Between two and five years
101,474
68,021
54,258
54,258
In over five years
2,222,880
2,226,288
2,222,880
2,226,288
2,380,015
2,325,524
2,290,770
2,294,178
BS HANDLING PROPERTY SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 29 -
26
Events after the reporting date

Following the year end a subsidiary company of the group, BS Handling Systems Limited, was sold.

27
Related party transactions
Transactions with related parties

During the year the group entered into the following transactions with related parties:

Rent payable
2025
2024
£
£
Group
Other related parties
40,000
40,000

The following amounts were outstanding at the reporting end date:

Amounts due from related parties
2025
2024
Balance
Balance
£
£
Group
Other related parties
1,681,816
1,693,556
Company
Other related parties
1,693,556
1,693,556
28
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Directors loan
2.25
2,469,143
736,442
(260,000)
2,945,585
2,469,143
736,442
(260,000)
2,945,585
BS HANDLING PROPERTY SERVICES LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 30 -
29
Cash generated from group operations
2025
2024
£
£
Profit for the year after tax
658,010
2,859,466
Adjustments for:
Taxation charged
183,963
801,512
Finance costs
141,637
114,117
Investment income
(92,646)
(47,862)
(Gain)/loss on disposal of tangible fixed assets
-
791
Fair value gain on investment properties
(210,213)
-
0
Depreciation and impairment of tangible fixed assets
44,613
46,741
Movements in working capital:
(Increase)/decrease in stocks
(254,238)
311,246
Decrease/(increase) in debtors
277,096
(1,832,382)
Decrease in creditors
(257,353)
(186,586)
Cash generated from operations
490,869
2,067,043
30
Analysis of changes in net funds/(debt) - group
29 February 2024
Cash flows
28 February 2025
£
£
£
Cash at bank and in hand
2,328,386
(1,644,112)
684,274
Borrowings excluding overdrafts
(2,184,832)
(100,173)
(2,285,005)
143,554
(1,744,285)
(1,600,731)
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