Company registration number: SC017592
COMPANY INFORMATION
CONTENTS
STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2025
Since 1933, the Company has been a trusted name in duty-free travel retail distribution. The principal activity of the Company continues to be that of providing exceptional services to the Travel Retail industry including airlines, cruise ships and ferry operators in the UK, Europe and overseas.
Over the years the Company has worked with respected international brands and companies meeting their needs for secure storage, efficient stock management and seamless logistics with a continued culture of going the extra mile from its commitment of experienced, motivated staff and dedicated Directors. This has enabled the company to continue to expand in its existing markets, and to take advantage of additional business opportunities and to exceed its customer expectations.
Over the years the Company has worked with respected international brands and companies meeting their needs for secure storage, efficient stock management and seamless logistics with a continued culture of going the extra mile from its commitment of experienced, motivated staff and dedicated Directors. This has enabled the company to continue to expand in its existing markets, and to take advantage of additional business opportunities and to exceed its customer expectations.
The Company has achieved significant growth over the last few years, and for the year ending 30 June 2025, its revenue increased 20% from the prior year. As a result of expanding its revenue streams, profit before tax was £1,552k for the year ended 30 June 2025, up from 2024 by 24%.
For the Financial Year ended 30 June 2025, the Company increased its overall expenditure in investment within the business, which created better efficiencies within the infrastructure of the business. Turnover was up by 20% to £73.4m for the Financial Year ended 30 June 2025 with 19% increase in operating profit of £2,071k compared to the previous financial year (30 June 2024).
The Company Government backed CIBL’s loan will be repaid within the next financial year. However, there are no significant loan liabilities for the year ending 30th June 2025.
For the Financial Year ended 30 June 2025, the Company increased its overall expenditure in investment within the business, which created better efficiencies within the infrastructure of the business. Turnover was up by 20% to £73.4m for the Financial Year ended 30 June 2025 with 19% increase in operating profit of £2,071k compared to the previous financial year (30 June 2024).
The Company Government backed CIBL’s loan will be repaid within the next financial year. However, there are no significant loan liabilities for the year ending 30th June 2025.
The Directors continue to assess risks and mitigate them by working closely with all their customers and suppliers. With an increased demand in supply of all products within the Travel Retail sector, the company has continued to manage and resource its operations to meet this higher demand and to provide savings for its customers through its supply chain by achieving greater efficiency.
The Directors consider there to be minimal risk exposure to currency risk. Any inflationary increase in costs, especially fuel and business taxes, will be mitigated through cash flow planning & forecasting and the use of forward contracts and hedging foreign currency against purchases in other currencies.
In terms of mitigating credit risk, the Company uses credit checks and due diligence checks as a way of managing credit risk.
Cyber awareness training is an integral part of staff training to mitigate cyber risk.
The Directors consider there to be minimal risk exposure to currency risk. Any inflationary increase in costs, especially fuel and business taxes, will be mitigated through cash flow planning & forecasting and the use of forward contracts and hedging foreign currency against purchases in other currencies.
In terms of mitigating credit risk, the Company uses credit checks and due diligence checks as a way of managing credit risk.
Cyber awareness training is an integral part of staff training to mitigate cyber risk.
The position of the company at the year end was ahead of expectation due to continued increased growth of the travel industry, and the company having negotiated additional business opportunities. The company is anticipating a further year of growth ahead in both turnover and operating profit. The Senior Management team have positioned the company to take advantage of all business opportunities as they present themselves.
The company’s directors use a number of key performance indicators to understand and monitor the performance of the business. Key Performance Indicators based on profitability, sales, liquidity, warehouse occupancy rates are reviewed and discussed at Board level to enhance better decision making. This in turn allows the directors to attract new suppliers, offer other products and services to new and existing customers, therefore helping them to achieve the company’s strategic goals.
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STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
The company maintains a positive health and safety culture within all areas of the business. The company’s health and safety policy and well-being requirements are monitored and reviewed by its Health and Safety Committee. The company’s warehouse status, as both an excise and customs approved bonded warehouse facility continues to provide further opportunities through its fully certified Authorized Economic Operator (AEO) status that allows full accreditation for both Customs simplification and safety and security standards.
The company has continued its Environmental, Social and Governance (ESG) journey to assess risks and opportunities in the company strategy and to build long-term financial stability and create value. This is the second set of accounts that includes Carbon reporting in accordance with the reporting requirements under the UK Government Streamlined Energy and Carbon (SECR) legislation for the year ended 30th June 2025.
The Company’s sustainability report details its ESG journey and how it contributes to the UN Sustainable Development Goals according to the Global Reporting Initiative (GRI). Thus, the Company takes responsibility for the impact of its operations and its supply chain on the environment, its stakeholders, and the community. The board makes thoughtful choices that balance the business needs, with long-term benefits for the planet and society. Transparency is important, which is why the board regularly reviews its ESG performance and looks for ways to improve.
The Company’s sustainability report details its ESG journey and how it contributes to the UN Sustainable Development Goals according to the Global Reporting Initiative (GRI). Thus, the Company takes responsibility for the impact of its operations and its supply chain on the environment, its stakeholders, and the community. The board makes thoughtful choices that balance the business needs, with long-term benefits for the planet and society. Transparency is important, which is why the board regularly reviews its ESG performance and looks for ways to improve.
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STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
The Directors are aware of their duty to act in a way that promotes the success of the company for the benefit of its members as a whole, in accordance with the Companies (Miscellaneous Reporting) Regulations 2018, whilst having regard to the matters set out in Section 172 (1) of the Companies Act.
The likely consequences of any decision in the long term:
The Directors consider the likely consequences of any decision in the long term and meet on a regular basis to set the group’s strategies, review long-term consequences of decisions and review the company operating plans, policies and processes. The long-term business objective of the group is to continue to grow organically, whilst strengthening the company’s financial position and cash reserves.
The interest of the company’s employees:
The Company recognises its responsibility to all employees and reviews all projects at Board meetings and considers the impact of their decisions on all its employees. The company is committed to effective engagement with its employees, and the Directors strive to ensure that all employees are treated fairly, as the group is an equal opportunity employer, committed to promoting equality for all staff and job applicants. The principles of non-discrimination and equality of opportunity also apply to the way in which staff are expected to treat visitors, clients, customers, suppliers and former staff members. The directors ensured that investment in training and personal development was maintained in the current year with courses provided ranging from Driver, MHE, Finance and Business Development training. The group has a Health and Safety Committee that meets regularly, as safety is the company’s highest priority with ongoing IHASCO Training to keep their employees safe, happy and productive. The training includes regular up-to-date cyber awareness courses and fully accredited HACCP training.
The need to foster the group business relationships with suppliers, customers and others:
The Group is committed to maintaining an excellent reputation as this is consistent with its vision, value and purpose. The directors believe in developing strong business relationships and good collaboration with customers, suppliers and other stakeholders as this is the key to promoting the success of the business, which helps drive the business objectives. The directors encourage the building of long-term relationships with customers and the supply chain, maintaining it is key to producing consistent service levels.
The impact of the group operations on the community and the environment:
The Company is committed to improving the impact of the company’s activities on the environment. The directors understand that the company has a responsibility to the environment. The directors recognise that the group has a role in the community, and the group supports numerous local charities through charitable donations and attending charity events. The main beneficiary for this financial year has been the Saints Foundation, whose purpose is to provide life-changing opportunities for people in need throughout Southampton. The group also supports the St Francis Animal Shelter charity. The Company has a current Government Apprenticeship program with a local college to hire Apprentices to train and develop talent internally, which in turn supports the local community in which it operates.
The Company focus will always be to reduce its carbon footprint, whilst offsetting unavoidable emissions by investing in high-quality climate action projects that reduce and/or remove greenhouse gases in the atmosphere. A list of the sustainability projects that the Company invest in are listed in its Carbon Impact report on the Company’s website.
Business Conduct and Ethics:
The Board’s intent is always to maintain high standards of business conduct and governance in all the Company’s operations. The Directors review and update as appropriate the Staff Handbook and company policies to maintain a high standard of business conduct and good governance. Our directors and employees are trained on a range of business conduct principles including, Data Protection & Cyber awareness.
The desirability of the company maintaining a reputation for high standards of business conduct:
The directors strive to maintain a reputation for the highest standards of professionalism, business conduct and safety with emphasis placed on quality, honesty and reliability. The business is a fully certified Economic Operator (AEO) with full accreditation covering both customs and simplification, safety and security standards. The Board considers its
The likely consequences of any decision in the long term:
The Directors consider the likely consequences of any decision in the long term and meet on a regular basis to set the group’s strategies, review long-term consequences of decisions and review the company operating plans, policies and processes. The long-term business objective of the group is to continue to grow organically, whilst strengthening the company’s financial position and cash reserves.
The interest of the company’s employees:
The Company recognises its responsibility to all employees and reviews all projects at Board meetings and considers the impact of their decisions on all its employees. The company is committed to effective engagement with its employees, and the Directors strive to ensure that all employees are treated fairly, as the group is an equal opportunity employer, committed to promoting equality for all staff and job applicants. The principles of non-discrimination and equality of opportunity also apply to the way in which staff are expected to treat visitors, clients, customers, suppliers and former staff members. The directors ensured that investment in training and personal development was maintained in the current year with courses provided ranging from Driver, MHE, Finance and Business Development training. The group has a Health and Safety Committee that meets regularly, as safety is the company’s highest priority with ongoing IHASCO Training to keep their employees safe, happy and productive. The training includes regular up-to-date cyber awareness courses and fully accredited HACCP training.
The need to foster the group business relationships with suppliers, customers and others:
The Group is committed to maintaining an excellent reputation as this is consistent with its vision, value and purpose. The directors believe in developing strong business relationships and good collaboration with customers, suppliers and other stakeholders as this is the key to promoting the success of the business, which helps drive the business objectives. The directors encourage the building of long-term relationships with customers and the supply chain, maintaining it is key to producing consistent service levels.
The impact of the group operations on the community and the environment:
The Company is committed to improving the impact of the company’s activities on the environment. The directors understand that the company has a responsibility to the environment. The directors recognise that the group has a role in the community, and the group supports numerous local charities through charitable donations and attending charity events. The main beneficiary for this financial year has been the Saints Foundation, whose purpose is to provide life-changing opportunities for people in need throughout Southampton. The group also supports the St Francis Animal Shelter charity. The Company has a current Government Apprenticeship program with a local college to hire Apprentices to train and develop talent internally, which in turn supports the local community in which it operates.
The Company focus will always be to reduce its carbon footprint, whilst offsetting unavoidable emissions by investing in high-quality climate action projects that reduce and/or remove greenhouse gases in the atmosphere. A list of the sustainability projects that the Company invest in are listed in its Carbon Impact report on the Company’s website.
Business Conduct and Ethics:
The Board’s intent is always to maintain high standards of business conduct and governance in all the Company’s operations. The Directors review and update as appropriate the Staff Handbook and company policies to maintain a high standard of business conduct and good governance. Our directors and employees are trained on a range of business conduct principles including, Data Protection & Cyber awareness.
The desirability of the company maintaining a reputation for high standards of business conduct:
The directors strive to maintain a reputation for the highest standards of professionalism, business conduct and safety with emphasis placed on quality, honesty and reliability. The business is a fully certified Economic Operator (AEO) with full accreditation covering both customs and simplification, safety and security standards. The Board considers its
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STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
stakeholders in its decision-making process with the aim of preserving the Company’s reputation for high standards of conduct.
The need to act fairly between members of the company:
The Board engages directly with senior management through regular Board meetings to explain projects and strategies for the benefit of the group with the reinvestment of profits within the Group, therefore providing stability for all parties, thus minimising the need for external funding while sustaining long-term growth by continuing to reinvest heavily in people and equipment.
The need to act fairly between members of the company:
The Board engages directly with senior management through regular Board meetings to explain projects and strategies for the benefit of the group with the reinvestment of profits within the Group, therefore providing stability for all parties, thus minimising the need for external funding while sustaining long-term growth by continuing to reinvest heavily in people and equipment.
This report was approved by the board and signed on its behalf.
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DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2025
The directors present their report and the financial statements for the year ended 30 June 2025.
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements 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 Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £1,148,163 (2024 - £928,789).
Dividends paid in the year amounted to £240,000 (2024 - £240,000).
The directors who served during the year were:
Please refer to strategic report.
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DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
There have been no significant events affecting the Company since the year end.
Under section 487(2) of the Companies Act 2006, Menzies LLP will be deemed to have been reappointed as auditor 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.
This report was approved by the board and signed on its behalf.
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MACINTYRE SCOTT & CO. LIMITED
We have audited the financial statements of Macintyre Scott & Co. Limited (the 'Company') for the year ended 30 June 2025, which comprise the Statement of Income and Retained Earnings, the Statement of Financial Position and the related notes, including a summary of 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).
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 Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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.
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 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.
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.
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MACINTYRE SCOTT & CO. LIMITED (CONTINUED)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report 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.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MACINTYRE SCOTT & CO. LIMITED (CONTINUED)
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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
∙The Company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation, and general regulations such as health and safety. There are no industry specific laws and regulations which would be deemed to have a significant impact on the financial statements. We assessed the extent of compliance with the appropriate laws and regulations as part of our procedures on the related financial statement items.
∙We understood how the Company is complying with the legal and regulatory frameworks by, making inquiries to management, those responsible for legal and compliance procedures and the company secretary. We corroborated our inquiries through our review of board minutes.
∙The engagement partner assessed whether the engagement team collectively had the appropriate competence and capabilities to identify or recognize non-compliance with laws and regulations. The assessment did not identify any issues in this area.
∙We assessed the susceptibility of the Company financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included:
°Identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud;
°Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;
°Challenging assumptions and judgements made by management in its significant accounting estimates; and
°Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations.
∙As a result of the above procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas:
°Posting of unusual journals and complex transactions.
°Misappropriation of funds through fraudulent purchase ledger and payroll activity.
°Manipulation of amounts subject to significant judgement or estimate.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MACINTYRE SCOTT & CO. LIMITED (CONTINUED)
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.
for and on behalf of
Chartered Accountants
Statutory Auditor
3000a Parkway
Hampshire
PO15 7FX
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STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 30 JUNE 2025
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STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 13 to 25 form part of these financial statements.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Macintyre Scott & Co. Limited is a private company limited by shares, registered in Scotland.
The trading address and registered office address are disclosed on the company information page.
The trading address and registered office address are disclosed on the company information page.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of BPG Solutions Limited as at 30 June 2025 and these financial statements may be obtained from Companies House.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
2.Accounting policies (continued)
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
At each reporting date, stocks are assessed for impairment. If stock is 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.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
2.Accounting policies (continued)
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with 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 trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
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.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
10.Taxation (continued)
There were no factors that may affect future tax charges.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
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Capital redemption reserve
Profit and loss account
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund.
Contributions totalling £13,726 (2024 - £13,657) were payable to the fund at the reporting date and are included in creditors.
Contributions totalling £13,726 (2024 - £13,657) were payable to the fund at the reporting date and are included in creditors.
24.Securities
A cross guarantee and debenture secured on all assets of the company in favour of Natwest Bank plc, dated 07 February 2018 exists between the company and BPG Solutions Ltd, the ultimate parent company.
The company is registered with HM Revenue and Customs as a member of a group for VAT purposes and as a result is jointly and severally liable on a continuing basis for amounts owing by other members of that group in respect of unpaid VAT.
The company is registered with HM Revenue and Customs as a member of a group for VAT purposes and as a result is jointly and severally liable on a continuing basis for amounts owing by other members of that group in respect of unpaid VAT.
The Company is a wholly owned subsidiary of BPG Solutions Ltd whose registered office is C/O Paris Smith LLP, 1 London Road, Southampton, SO15 2AE.
The smallest and largest company which prepares consolidated accounts in which these figures are included is BPG Solutions Ltd. Copies of these financial statements are available at Companies House.
The smallest and largest company which prepares consolidated accounts in which these figures are included is BPG Solutions Ltd. Copies of these financial statements are available at Companies House.
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