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Registered number: 09414167
BGF 3 LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2024
BGF 3 LIMITED
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
BGF 3 LIMITED
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 09414167

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 47,547 |  | 42,200
|  |  | 47,547 |  | 42,200
CURRENT ASSETS
Stocks | 5 | 4,250 |  | 4,100 |
Debtors | 6 | 178,688 |  | 70,685 |
Cash at bank and in hand |  | 104,896 |  | 119,290 |
|  | 287,834 |  | 194,075 |
Creditors: Amounts Falling Due Within One Year | 7 | (256,281 ) |  | (159,829 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 31,553 |  | 34,246
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 79,100 |  | 76,446
PROVISIONS FOR LIABILITIES
Deferred Taxation | 8 |  | (7,634 ) |  | (5,638 )
NET ASSETS |  |  | 71,466 |  | 70,808
CAPITAL AND RESERVES
Called up share capital | 9 |  | 100 |  | 100
Profit and Loss Account |  |  | 71,366 |  | 70,708
SHAREHOLDERS' FUNDS |  |  | 71,466 |  | 70,808

Page 1
Page 2
BGF 3 LIMITED
Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Faisal Mahmood Director
24/12/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
BGF 3 LIMITED
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
BGF 3 LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 09414167 . The registered office is 28 Blackwood Road, Sutton Coldfield, B74 3PH.
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.
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 | Over 15 years on straight line basis
Plant & Machinery | 15% on reducing balance basis

2.4. 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.
2.5. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
Page 3
Page 4
BGF 3 LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2023: 24)
21 24
4. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Plant & Machinery | Total
| £ | £ | £
Cost
As at 1 January 2024 | 21,766 | 55,494 | 77,260
Additions | - | 12,824 | 12,824
As at 31 December 2024 | 21,766 | 68,318 | 90,084
Depreciation
As at 1 January 2024 | 8,706 | 26,354 | 35,060
Provided during the period | 1,452 | 6,025 | 7,477
As at 31 December 2024 | 10,158 | 32,379 | 42,537
Net Book Value
As at 31 December 2024 | 11,608 | 35,939 | 47,547
As at 1 January 2024 | 13,060 | 29,140 | 42,200

5. Stocks

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Stock | 4,250 |  | 4,100

Page 4
Page 5
BGF 3 LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
6. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 12,610 |  | 16,250
Amounts owed by group undertakings | 44,138 |  | -
Amounts owed by participating interests | 66,734 |  | -
Other debtors | 55,206 |  | 54,435
| 178,688 |  | 70,685

7. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 98,109 |  | 100,200
Amounts owed to group undertakings | 62,435 |  | -
Other creditors | 13,809 |  | 14,343
Taxation and social security | 81,928 |  | 45,286
| 256,281 |  | 159,829

8. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Other timing differences | 7,634 |  | 5,638

9. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 January 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 December 2024
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Faisal Mahmood | - | 22,759 | - | - | 22,759

The above loan is unsecured, interest free and repayable on demand.
11. Ultimate Controlling Party
The company's ultimate controlling party is BGF Holdings Limited by virtue of their ownership of 100% of the issued share capital in the company.
Page 5