BSL Precision Engineering Ltd - Filleted accounts

Registered number

11653918

BSL Precision Engineering Ltd

Filleted Accounts

31 October 2025

BSL Precision Engineering Ltd
Registered number:		11653918
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Current assets
Debtors	4	186,897			231,485
Cash at bank and in hand		1,291			1,291
		188,188			232,776

Creditors: amounts falling due within one year	5	(527,210)			(545,236)

Net current liabilities			(339,022)			(312,460)

Total assets less current liabilities			(339,022)			(312,460)

Creditors: amounts falling due after more than one year	6		-			(3,500)



Net liabilities			(339,022)			(315,960)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(339,122)			(316,060)

Shareholders' funds			(339,022)			(315,960)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




J J Rodgman
Director
Approved by the board on 26 June 2026

BSL Precision Engineering Ltd
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	20% straight line
	Fixtures, fittings, tools and equipment	25% straight line, or 33% straight line
	Motor vehicles	25% straight line

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		0		0


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 November 2024				70,058
	At 31 October 2025				70,058

	Amortisation
	At 1 November 2024				70,058
	At 31 October 2025				70,058

	Net book value
	At 31 October 2025				-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Debtors		2025		2024
£				£

	Trade debtors		1,482		6,000
	Amounts owed by group undertakings and undertakings in which the company has a participating interest		184,917		210,148
	Other debtors		498		15,337
			186,897		231,485


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		18,375		20,609
	Trade creditors		172		24,513
	Amounts owed to group undertakings and undertakings in which the company has a participating interest		380,936		405,052
	Director's account		261		261
	Taxation and social security costs		121,329		93,573
	Other creditors		6,137		1,228
			527,210		545,236


6	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		-		3,500


7	Related party transactions

	The directors held a directors loan during the year. Advances of £600 and repayments of £600 were made during the year. No amounts were written off. The balances at the year end was £261 (2024: £261). Group companies made loans and paid expenses on behalf of the company of £138,182. The balance due to group companies at the year end was £380,936 (2024: £243,763). This loan is interest free and repayable on demand. The balance due from group companies at the year end was £Nil (2024: £1,010). Trade Creditors of £Nil related to group companies are disclosed in Amounts owed to group undertakings. Trade Debtors of £184,917 due from group companies are disclosed in Amounts owed by group undertakings.


8	Going concern

	The accounts have been prepared on a going concern basis due to the fact that the directors undertake to fully support the company. The directors undertake not to demand repayment of the directors loan until such time as there are sufficient reserves available.


9	Controlling party

	Borehole Solutions Ltd (Co No 09266910, registered in England) is considered to be the ultimate controlling party by virtue of its 90% shareholding in the issued share capital of the company. The registered office address for Borehole Solutions Ltd is as follows: Sapphire Heights Courtyard 31 Tenby Street North Birmingham West Midlands B1 3ES


10	Other information

	BSL Precision Engineering Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Sapphire Heights Courtyard
	31 Tenby Street North
	Birmingham
	West Midlands
	B1 3ES