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Registered Number: 02829984
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 30 September 2024

for

BISHOPSGATE CONTRACTS LIMITED

BISHOPSGATE CONTRACTS LIMITED
Statement of Financial Position
As at 30 September 2024
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets
Tangible fixed assets 2 317,492    317,361 
Financial assets 3 110,000    110,000 
427,492    427,361 
Current assets
Inventories 4 23,914    23,914 
Debtors 5 54,661    54,048 
Cash at bank and in hand 10,869    10,117 
89,444    88,079 
Creditors: amount falling due within one year 6 (194,473)   (137,486)
Net current assets/(liabilities) (105,029)   (49,407)
 
Total assets less current liabilities 322,463    377,954 
Creditors: amount falling due after more than one year 7 (192,082)   (190,064)
Net assets/(liabilities) 130,381    187,890 
 

Capital and reserves
Called up share capital 1,000    1,000 
Reserves 8 183,702    183,702 
Profit and loss account 9 (54,321)   3,188 
Shareholders fund 130,381    187,890 
 
For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors:


----------------------------------
Mark Trevor Hutton
Director

Date approved: 16 December 2025
1
BISHOPSGATE CONTRACTS LIMITED
Notes to the Accounts
For the year ended 30 September 2024
Statutory Information
BISHOPSGATE CONTRACTS LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 02829984, registration address Unit 10 Garden Court Business Centre, Tewin Road, Welwyn Garden City, Hertfordshire, AL7 1BH.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Tangible fixed assets

Cost or Valuation   Freehold property   Improvements to property   Plant and machinery   Motor vehicles   Total
    £   £   £   £   £
At 01 October 2023   295,000    39,362    31,663    23,034    389,059 
Additions   -    -    -    5,755    5,755 
At 30 September 2024   295,000    39,362    31,663    28,789    394,814 
Depreciation
At 01 October 2023   -    25,024    29,398    17,276    71,698 
Charge for year   -    2,868    453    2,303    5,624 
At 30 September 2024   -    27,892    29,851    19,579    77,322 
Net book values
Closing balance as at 30 September 2024   295,000    11,470    1,812    9,210    317,492 
Opening balance as at 01 October 2023   295,000    14,338    2,265    5,758    317,361 

The net book value of Motor vehicles includes £4,604 in respect of assets leased under finance leases or hire purchase contracts.
3.

Financial assets

Cost or Valuation   Investment in property   Total
    £   £
At 01 October 2023   110,000    110,000 
Additions   -    - 
At 30 September 2024   110,000    110,000 
Depreciation
At 01 October 2023   -    - 
At 30 September 2024   -    - 
Net book values
At 30 September 2024   110,000    110,000 
At 01 October 2023   110,000    110,000 
4.

Inventories

2024
£		   2023
£
Stocks 23,914    23,914 
23,914    23,914 
5.

Debtors: amounts falling due within one year

2024
£		   2023
£
Directors' current account 54,661    54,048 
54,661    54,048 
6.

Creditors: amount falling due within one year

2024
£		   2023
£
Other creditors 1,233    1,234 
Hire purchase contracts 2,988    2,988 
Other provisions for liabilities 33,708    33,708 
Capital on tap credit card 30,713    15,688 
Working capital loan: River leasing 12,538    24,061 
Bank loans & overdrafts -    5,600 
Amounts owed by/to group undertakings 59,944    - 
Social security & other tax 53,349    54,207 
194,473    137,486 
7.

Creditors: amount falling due after more than one year

2024
£		   2023
£
Hire Purchase Contracts 12,331    12,331 
Iwoca Loan 25,047    - 
Bank loans & overdrafts 154,704    177,733 
192,082    190,064 
8.

Reserves

2024
£		   2023
£
Revaluation reserves 131,818    131,818 
Non distributable reserves 51,884    51,884 
183,702    183,702 
9.

Profit and loss account

  2024
£
Balance at 01 October 2023 3,188 
Loss for the year (52,009)
Equity dividend paid (5,500)
Balance at 30 September 2024 (54,321)

10.

Average number of employees

Average number of employees during the year were 2 (2023: 2).
2