BAPP Group Limited - Period Ending 2025-12-31

Registration number: 02672707

BAPP Group Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2025

BAPP Group Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 12

BAPP Group Limited

Company Information

Chairman

Mr Dean Garth Cook

Directors

Mr Adam Peter Reeve

Mr Richard Alan Knight

Mr Ben Adam Platts

Registered office

Fastener House
Upper Cliff Road
Dodworth
Barnsley
South Yorkshire
S75 3SP

Accountants

Thorntons
Chartered Certified Accountants
176-178 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8BE

BAPP Group Limited

(Registration number: 02672707)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,028,481	768,719
Current assets
Stocks	5	7,158,603	7,543,999
Debtors	6	5,193,593	5,786,489
Cash at bank and in hand		86,361	52,559
		12,438,557	13,383,047
Creditors: Amounts falling due within one year	7	(11,502,497)	(11,839,540)
Net current assets		936,060	1,543,507
Total assets less current liabilities		2,964,541	2,312,226
Creditors: Amounts falling due after more than one year	7	(2,000,143)	(1,385,000)
Net assets		964,398	927,226
Capital and reserves
Called up share capital	8	51,000	51,000
Retained earnings		913,398	876,226
Shareholders' funds		964,398	927,226

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 April 2026 and signed on its behalf by:

BAPP Group Limited

(Registration number: 02672707)
Balance Sheet as at 31 December 2025

.........................................
Mr Dean Garth Cook
Chairman

BAPP Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Fastener House
Upper Cliff Road
Dodworth
Barnsley
South Yorkshire
S75 3SP

These financial statements were authorised for issue by the Board on 15 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

BAPP Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	10% - 20% straight line basis
Motor vehicles	20% straight line basis
Fixtures and fittings	20% straight line basis
Leasehold improvements	Over the life of the lease

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

BAPP Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

BAPP Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 44 (2024 - 39).

4	Tangible assets

Land and buildings
£

Short leasehold land and buildings
£

Plant and machinery
£

Motor vehicles
£

Cost or valuation

At 1 January 2025

10,000

136,419

1,260,015

548,665

Additions

-

720,100

762,769

182,151

Disposals

(10,000)

-

-

(29,000)

At 31 December 2025

-

856,519

2,022,784

701,816

Depreciation

At 1 January 2025

5,600

6,821

835,469

338,490

Charge for the year

-

78,831

213,705

108,322

Eliminated on disposal

(5,600)

-

-

(29,000)

At 31 December 2025

-

85,652

1,049,174

417,812

Carrying amount

At 31 December 2025

-

770,867

973,610

284,004

At 31 December 2024

4,400

129,598

424,546

210,175

BAPP Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

	Total £
Cost or valuation
At 1 January 2025	1,955,099
Additions	1,665,020
Disposals	(39,000)
At 31 December 2025	3,581,119
Depreciation
At 1 January 2025	1,186,380
Charge for the year	400,858
Eliminated on disposal	(34,600)
At 31 December 2025	1,552,638
Carrying amount
At 31 December 2025	2,028,481
At 31 December 2024	768,719

Included within the net book value of land and buildings above is £Nil (2024 - £4,400) in respect of freehold land and buildings and £770,867 (2024 - £129,598) in respect of short leasehold land and buildings.

5

Stocks

	2025 £	2024 £
Other inventories	7,158,603	7,543,999

BAPP Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6

debtors

	Note	2025 £	2024 £
Trade debtors		2,862,495	2,846,166
Amounts owed by related parties	10	1,569,000	1,680,976
Prepayments		762,098	1,259,347
		5,193,593	5,786,489

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	10,290,076	10,534,135
Trade creditors		805,514	1,015,924
Taxation and social security		153,054	101,742
Accruals and deferred income		237,350	180,565
Other creditors		16,503	7,174
		11,502,497	11,839,540

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	655,143	-
Other non-current financial liabilities		1,345,000	1,385,000
		2,000,143	1,385,000

BAPP Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	51,000	51,000	51,000	51,000

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £

Hire purchase contracts	655,143	-

Current loans and borrowings

	2025 £	2024 £

Bank overdrafts	7,154,424	6,567,210
Hire purchase contracts	178,516	-
Other borrowings	2,957,136	3,966,925
	10,290,076	10,534,135

10	Related party transactions

BAPP Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Summary of transactions with entities with joint control or significant interest

In the ordinary course of business the company bought goods and services from related parties and also sold to them. The aggregate of these transactions was as follows;

Income and receivables from related parties

2025	Entities with joint control or significant influence £
Sale of goods	13,133,254

2024	Entities with joint control or significant influence £
Sale of goods	14,194,326

Loans to related parties

2025	Entities with joint control or significant influence £	Total £
At start of period	1,680,976	1,680,976
Repaid	(111,976)	(111,976)
At end of period	1,569,000	1,569,000

2024	Entities with joint control or significant influence £	Total £
At start of period	934,000	934,000
Advanced	746,976	746,976
At end of period	1,680,976	1,680,976

Loans from related parties

BAPP Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

2025	Entities with joint control or significant influence £	Total £
At start of period	1,385,000	1,385,000
Repaid	(40,000)	(40,000)
At end of period	1,345,000	1,345,000

2024	Entities with joint control or significant influence £	Total £
At start of period	1,385,000	1,385,000
At end of period	1,385,000	1,385,000

	Land and buildings £	Short leasehold land and buildings £	Plant and machinery £	Motor vehicles £
Cost or valuation
At 1 January 2025	10,000	136,419	1,260,015	548,665
Additions	-	720,100	762,769	182,151
Disposals	(10,000)	-	-	(29,000)
At 31 December 2025	-	856,519	2,022,784	701,816
Depreciation
At 1 January 2025	5,600	6,821	835,469	338,490
Charge for the year	-	78,831	213,705	108,322
Eliminated on disposal	(5,600)	-	-	(29,000)
At 31 December 2025	-	85,652	1,049,174	417,812
Carrying amount
At 31 December 2025	-	770,867	973,610	284,004
At 31 December 2024	4,400	129,598	424,546	210,175