BSW Building Services Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

BSW Building Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 01637144 . The registered office is Rock Lodge Vineyard, Scaynes Hill, West Sussex, RH17 7NG.

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. 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.

2.3. 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:

Leasehold	5% Straight Line
Plant & Machinery	25% Straight Line
Motor Vehicles	25% Straight Line
Fixtures & Fittings	25% Straight Line
Computer Equipment	25% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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.

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BSW Building Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

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 years 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.

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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 34 (2024: 34)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 May 2024	1,403,105	50,105	236,178	333,719	2,023,107
Additions	8,420	26,740	105,400	-	140,560

As at 30 April 2025	1,411,525	76,845	341,578	333,719	2,163,667

Depreciation
As at 1 May 2024	515,819	47,282	216,496	265,265	1,044,862
Provided during the period	14,097	5,740	36,708	2,365	58,910

As at 30 April 2025	529,916	53,022	253,204	267,630	1,103,772

Net Book Value
As at 30 April 2025	881,609	23,823	88,374	66,089	1,059,895

As at 1 May 2024	887,286	2,823	19,682	68,454	978,245

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BSW Building Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

5. Investments

	Other
	£
Cost or Valuation
As at 1 May 2024	87,256

As at 30 April 2025	87,256

Provision
As at 1 May 2024	-

As at 30 April 2025	-

Net Book Value
As at 30 April 2025	87,256

As at 1 May 2024	87,256

6. Stocks

	2025	2024
	£	£
Stock	87,126	77,914

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	94,631	340,284
Other debtors	285,238	104,377

	379,869	444,661
Due after more than one year
Other debtors	1,027,000	-

	1,406,869	444,661

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	6,086	-
Trade creditors	374,758	241,192
Other creditors	28,471	100,913
Taxation and social security	340,438	275,636

	749,753	617,741

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	17,242	-
Other loans	285,000	-

	302,242	-

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BSW Building Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	6,086	-
Later than one year and not later than five years	17,242	-

	23,328	-

	23,328	-

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100,000	100,000

12. Capital Commitments

	2025	2024
	£	£
At the end of the period	33,000	30,000

At the end of the period, the company had capital commitments contracted for but not provided in these financial statements

13. Related Party Transactions

J. Beliere

Director and shareholder

Loan to BSW Building Services which totalled £190,000 at year end

T. Beliere

Director

Loan to BSW Building Services which totalled £95,000 at year end

BSW Property HoldingsLtd

Mr J. Beliere is a director and shareholder of BSW Property holding Ltd and BSW Building Services Ltd

Loan from company which totalled £1,027,000 at the year end of 30th April 2025

BSW Foundation

A charity run by Mr J. Beliere, who is director and shareholder of BSW Building Services Ltd

During the year donations were made which totalled £35,000. At the year end the company owed £3,815.

14. Ultimate Controlling Party

The company's ultimate controlling party is J Belliere by virtue of his ownership of 100% of the issued share capital in the company.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,059,895		978,245
Investments	5		87,256		87,256

			1,147,151		1,065,501
CURRENT ASSETS
Stocks	6	87,126		77,914
Debtors	7	1,406,869		444,661
Cash at bank and in hand		593,429		806,188

		2,087,424		1,328,763
Creditors: Amounts Falling Due Within One Year	8	(749,753 )		(617,741 )

NET CURRENT ASSETS (LIABILITIES)			1,337,671		711,022

TOTAL ASSETS LESS CURRENT LIABILITIES			2,484,822		1,776,523

Creditors: Amounts Falling Due After More Than One Year	9		(302,242 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation			(38,203 )		(3,134 )

NET ASSETS			2,144,377		1,773,389

CAPITAL AND RESERVES
Called up share capital	11		100,000		100,000
Share premium account			333,045		333,045
Profit and Loss Account			1,711,332		1,340,344

SHAREHOLDERS' FUNDS			2,144,377		1,773,389