BDS Assets Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 2114600

BDS Assets Limited

Filleted Unaudited Financial Statements

30 August 2025

BDS Assets Limited

Financial Statements

Year ended 30 August 2025

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 7

BDS Assets Limited

Statement of Financial Position

30 August 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	1,309,503	1,277,154
Investments	6	101,781	105,000
		-------------	-------------
		1,411,284	1,382,154

Current assets

Stock and work in progress		5,255,893	5,999,354
Debtors	7	273,661	324,843
Cash at bank and in hand		215,171	555,708
		-------------	-------------
		5,744,725	6,879,905

Creditors: amounts falling due within one year	8	( 3,738,295)	( 3,531,252)
		-------------	-------------
Net current assets		2,006,430	3,348,653
		-------------	-------------
Total assets less current liabilities		3,417,714	4,730,807

Creditors: amounts falling due after more than one year	9	–	( 1,294,497)

Provisions

Taxation including deferred tax	10	( 3,366)	( 2,808)
		-------------	-------------
Net assets		3,414,348	3,433,502
		-------------	-------------

Capital and reserves

Called up share capital	12	1,000	1,000
Profit and loss account		3,413,348	3,432,502
		-------------	-------------
Shareholders funds		3,414,348	3,433,502
		-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

BDS Assets Limited

Statement of Financial Position (continued)

30 August 2025

These financial statements were approved by the board of directors and authorised for issue on 22 May 2026 , and are signed on behalf of the board by:

Mr BD Summons

Director

Company registration number: 2114600

BDS Assets Limited

Notes to the Financial Statements

Year ended 30 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hubberston Road, Hubberston, Milford Haven, Pembrokeshire, SA73 3PR

2. Statement of compliance

These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Property	-	2% straight line
Plant & Machinery	-	25% reducing balance
Fixtures & Fittings	-	25% reducing balance
Motor Vehicles	-	25% reducing balance

No depreciation is provided on Freehold Land.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Tax on loss

Major components of tax expense/(income)

	2025	2024
	£	£

Deferred tax:

Origination and reversal of timing differences	558	( 2,117)
	----	-------
Tax on loss	558	( 2,117)
	----	-------

5. Tangible assets

	Freehold Land & Property	Plant & Machinery	Fixtures & Fittings	Motor Vehicles	Total
	£	£	£	£	£
Cost
At 31 August 2024	1,450,335	767,490	28,695	57,459	2,303,979
Additions	54,396	2,000	12,244	–	68,640
	-------------	----------	---------	---------	-------------
At 30 August 2025	1,504,731	769,490	40,939	57,459	2,372,619
	-------------	----------	---------	---------	-------------
Depreciation
At 31 August 2024	203,373	741,631	25,454	56,367	1,026,825
Charge for the year	25,183	6,964	3,871	273	36,291
	-------------	----------	---------	---------	-------------
At 30 August 2025	228,556	748,595	29,325	56,640	1,063,116
	-------------	----------	---------	---------	-------------
Carrying amount
At 30 August 2025	1,276,175	20,895	11,614	819	1,309,503
	-------------	----------	---------	---------	-------------
At 30 August 2024	1,246,962	25,859	3,241	1,092	1,277,154
	-------------	----------	---------	---------	-------------

6. Investments

	Other loans
	£
Cost
At 31 August 2024	105,000
Disposals	( 3,219)
	----------
At 30 August 2025	101,781
	----------
Impairment
At 31 August 2024 and 30 August 2025	–
	----------

Carrying amount
At 30 August 2025	101,781
	----------
At 30 August 2024	105,000
	----------

7. Debtors

	2025	2024
	£	£
Trade debtors	60,163	110,846
Other debtors	213,498	213,997
	----------	----------
	273,661	324,843
	----------	----------

Other debtors includes an amount of £nil (2024 - £nil) falling due after more than one year.

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts (secured)	259,815	–
Trade creditors	81,694	354,171
Social security and other taxes	26,476	15,920
Other creditors	3,370,310	3,161,161
	-------------	-------------
	3,738,295	3,531,252
	-------------	-------------

National Westminster Bank Plc holds a fixed charge, dated 28 September 2017, over the company's assets. Barclays Security Trustee Limited holds a fixed and floating charge, dated 29 April 2021, over the company's assets. MSP Capital Ltd holds a fixed and floating charge, dated 9 February 2023, over all property and undertakings of the company.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts (secured)	–	1,294,497
	----	-------------

10. Provisions

	Deferred tax (note 11)
	£
At 31 August 2024	2,808
Additions	558
	-------
At 30 August 2025	3,366
	-------

11. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 10)	3,366	2,808
	-------	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	4,141	4,169
Unused tax losses	( 775)	( 1,361)
	-------	-------
	3,366	2,808
	-------	-------

12. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------

13. Related party transactions

The company was under the control of Mr BD Summons throughout the current and previous year. Mr BD Summons is a director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under FRS102.