BGF 5 LIMITED
BGF 5 LIMITED
Registered number: 13600068
Unaudited Financial Statements
For the Period
2 September 2021
to
31 December 2022
WK & CO ACCOUNTANTS LIMITED
Chartered Certified Accountants
28 Blackwood Road
Sutton Coldfield
West Midlands
B74 3PH
BGF 5 LIMITED
Unaudited Financial Statements
For the Period
2 September 2021
to
31 December 2022
Unaudited Financial Statements
Contents | |
Page | |
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Accountants' Report | 1 |
Balance Sheet | 2—3 |
Notes to the Financial Statements | 4—5 |
BGF 5 LIMITED
Accountants' Report
For the Period
2 September 2021
to
31 December 2022
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of
BGF 5 LIMITED
for the period 2 September 2021 to 31 December 2022
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
BGF 5 LIMITED
which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of
BGF 5 LIMITED
, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of
BGF 5 LIMITED
and state those matters that we have agreed to state to the director of
BGF 5 LIMITED
, as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
BGF 5 LIMITED
and its director as a body for our work or for this report.
It is your duty to ensure that
BGF 5 LIMITED
has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of
BGF 5 LIMITED
. You consider that
BGF 5 LIMITED
is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of
BGF 5 LIMITED
. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed |
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Chartered Certified Accountants
28 Blackwood Road
Sutton Coldfield
West Midlands
B74 3PH
BGF 5 LIMITED
Balance Sheet
As At
31 December 2022
Balance Sheet
Registered number:
13600068
For the period ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
31 December 2022 | |||
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Notes | £ | £ | |
FIXED ASSETS | |||
Tangible Assets | 4 |
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CURRENT ASSETS | |||
Stocks | 5 |
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Debtors | 6 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 7 |
( |
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NET CURRENT ASSETS (LIABILITIES) |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||
Called up share capital | 8 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 21,582 | ||
BGF 5 LIMITED
Balance Sheet (continued)
As At
31 December 2022
On behalf of the board
Director
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The notes on pages 4 to 5 form part of these financial statements.
BGF 5 LIMITED
Notes to the Financial Statements
For the Period
2 September 2021
to
31 December 2022
Notes to the Financial Statements
1.
General Information
BGF 5 LIMITED
is a private company, limited by shares, incorporated in England & Wales, registered number
13600068
. The registered office is 91 Soho Hill, Birmingham, B19 1AY.
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 |
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Plant & Machinery |
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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.
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 40
4.
Tangible Assets
Land & Property | |||
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Leasehold | Plant & Machinery | Total | |
£ | £ | £ | |
Cost | |||
As at
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Additions |
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As at
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Depreciation | |||
As at
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Provided during the period |
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As at
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Net Book Value | |||
As at
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As at
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BGF 5 LIMITED
Notes to the Financial Statements (continued)
For the Period
2 September 2021
to
31 December 2022
5.
Stocks
31 December 2022 | |
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£ | |
Stock |
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6.
Debtors
31 December 2022 | |
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£ | |
Due within one year | |
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Amounts owed by group undertakings |
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7.
Creditors: Amounts Falling Due Within One Year
31 December 2022 | |
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£ | |
Trade creditors |
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Other taxes and social security |
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Accruals and deferred income |
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Amounts owed to group undertakings |
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9.
Pension Commitments
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.