REGISTERED NUMBER: 13900959 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

BSG SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R J Webb

R Calcraft

A J Coombs

REGISTERED OFFICE:

4c Greenmeadow Springs Business Park

Village Way

Cardiff

CF15 7NE

REGISTERED NUMBER:

13900959 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

Beckwith Barn

Warren Estate

Lordship Road

Writtle

Essex

CM1 3WT

FIXED ASSETS

Tangible assets

6

339

557

CURRENT ASSETS

Debtors

7

4,098,705

701,846

Cash at bank

48,543

303,733

4,147,248

1,005,579

CREDITORS

Amounts falling due within one year

8

3,373,934

963,900

NET CURRENT ASSETS

773,314

41,679

TOTAL ASSETS LESS CURRENT LIABILITIES

773,653

42,236

PROVISIONS FOR LIABILITIES

133

133

NET ASSETS

773,520

42,103

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

773,320

41,903

773,520

42,103

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2026 and were signed on its behalf by:

R J Webb - Director

1.	STATUTORY INFORMATION

BSG Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

Amounts are rounded to the nearest Pound.

These financial statements contain information about BSG Solutions Limited as an individual company. The company is a 75% owned subsidiary of RJW Ventures Limited, a company incorporated in England and Wales, whose registered office is 4c Greenmeadow Springs Business Park, Village Way, Cardiff, Wales, CF15 7NE.

The company is included by full consolidation in the consolidated financial statements of RJW Ventures Limited.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The comparative amounts relate to the eight-month period from 1 March 2024 to 31 October 2024 and are therefore not directly comparable with the current 12-month financial year.

Turnover

Turnover represents amounts receivable for workforce solutions, temporary placement services and payroll processing services, excluding value added tax and trade discounts. Revenue from temporary placements and workforce solutions is recognised as the underlying services are provided. Processing fees are recognised when the relevant payroll or administrative service has been completed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 2 ) .

5.	AUDITORS' REMUNERATION

PERIOD

1/3/24

YEAR ENDED

TO

31/10/25

31/10/24

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

5,354

8,000

6.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 November 2024

and 31 October 2025

1,088

DEPRECIATION

At 1 November 2024

531

Charge for year

218

At 31 October 2025

749

NET BOOK VALUE

At 31 October 2025

339

At 31 October 2024

557

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,902,158

496,119

Amounts owed by group undertakings

597,320

-

Other debtors

-

2,250

Directors' current accounts

3,450

3,450

Prepayments and accrued income

595,777

200,027

4,098,705

701,846

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Invoice discounting facility

1,536,070

297,183

Trade creditors

1,078,774

2,794

Amounts owed to group undertakings

28,453

64,494

Tax

40,442

9,312

Social security and other taxes

12,689

2,343

VAT

32,667

27,632

Other creditors

1,333

257

Accruals and deferred income

643,506

559,885

3,373,934

963,900

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Invoice financing facility

1,536,070

297,183

The invoice financing liability is secured by way of an all assets debenture.

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Simon Medcalf FCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

11.	OTHER FINANCIAL COMMITMENTS

The company is party to a group invoice financing facility with a total limit of £18,000,000. Security for the facility has been provided jointly by all group companies.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 1 November 2024 and 31 October 2025, an interest-free loan of £3,450 was due from R J Webb, a director of the company. The loan is unsecured and repayable on demand. The maximum amount outstanding during the year was £3,450.

13.	RELATED PARTY DISCLOSURES

The company is a 75% owned subsidiary of RJW Ventures Limited. During the year, the company entered into transactions with its parent undertaking and fellow subsidiary undertakings. Trading and recharge transactions with these entities were conducted under normal market conditions and the aggregate values of those transactions have therefore not been disclosed.

At the balance sheet date the following balances existed with other group entities.

2025

2024

£

£

Amounts due to parent undertaking

-

15,141

Amounts due from parent undertaking

597,320

-

Amounts due to fellow subsidiary undertakings

28,453

49,352

The balances arose from intercompany recharges and funds transferred between group entities. The outstanding balances are unsecured, interest free and repayable on demand.

14.	ULTIMATE CONTROLLING PARTY

RJW Ventures Limited is the immediate parent undertaking and owns 75% of the issued ordinary share capital of the company. RJW Ventures Limited is also the smallest and largest group undertaking for which consolidated financial statements including the company are prepared. Copies of those consolidated financial statements are available from its registered office at 4c Greenmeadow Springs Business Park, Village Way, Cardiff, Wales, CF15 7NE.

R J Webb is the ultimate controlling party by virtue of his controlling interest in RJW Ventures Limited.