BS Engineering UK Ltd - Accounts to registrar (filleted) - small 18.2

BS Engineering UK Ltd - Accounts to registrar (filleted) - small 18.2


IRIS Accounts Productionv20.1.0.63504467267director1.4.1931.3.2031.3.20falsetruefalsefalsefalsetruefalseOrdinary1.00000iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure044672672019-03-31044672672020-03-31044672672019-04-012020-03-31044672672018-03-31044672672018-04-012019-03-31044672672019-03-3104467267ns16:EnglandWales2019-04-012020-03-3104467267ns15:PoundSterling2019-04-012020-03-3104467267ns11:Director12019-04-012020-03-3104467267ns11:PrivateLimitedCompanyLtd2019-04-012020-03-3104467267ns11:SmallEntities2019-04-012020-03-3104467267ns11:AuditExempt-NoAccountantsReport2019-04-012020-03-3104467267ns11:SmallCompaniesRegimeForDirectorsReport2019-04-012020-03-3104467267ns11:SmallCompaniesRegimeForAccounts2019-04-012020-03-3104467267ns11:FullAccounts2019-04-012020-03-310446726712019-04-012020-03-3104467267ns11:OrdinaryShareClass12019-04-012020-03-3104467267ns11:CompanySecretary12019-04-012020-03-3104467267ns11:RegisteredOffice2019-04-012020-03-3104467267ns6:CurrentFinancialInstruments2020-03-3104467267ns6:CurrentFinancialInstruments2019-03-3104467267ns6:Non-currentFinancialInstruments2020-03-3104467267ns6:Non-currentFinancialInstruments2019-03-3104467267ns6:ShareCapital2020-03-3104467267ns6:ShareCapital2019-03-3104467267ns6:RetainedEarningsAccumulatedLosses2020-03-3104467267ns6:RetainedEarningsAccumulatedLosses2019-03-3104467267ns6:NetGoodwill2019-04-012020-03-3104467267ns6:IntangibleAssetsOtherThanGoodwill2019-04-012020-03-3104467267ns6:LeaseholdImprovements2019-04-012020-03-3104467267ns6:PlantMachinery2019-04-012020-03-3104467267ns6:FurnitureFittings2019-04-012020-03-3104467267ns6:MotorVehicles2019-04-012020-03-3104467267ns6:NetGoodwill2019-03-3104467267ns6:NetGoodwill2020-03-3104467267ns6:NetGoodwill2019-03-3104467267ns6:LeaseholdImprovements2019-03-3104467267ns6:PlantMachinery2019-03-3104467267ns6:FurnitureFittings2019-03-3104467267ns6:LeaseholdImprovements2020-03-3104467267ns6:PlantMachinery2020-03-3104467267ns6:FurnitureFittings2020-03-3104467267ns6:LeaseholdImprovements2019-03-3104467267ns6:PlantMachinery2019-03-3104467267ns6:FurnitureFittings2019-03-3104467267ns6:MotorVehicles2019-03-3104467267ns6:ComputerEquipment2019-03-3104467267ns6:ComputerEquipment2019-04-012020-03-3104467267ns6:MotorVehicles2020-03-3104467267ns6:ComputerEquipment2020-03-3104467267ns6:MotorVehicles2019-03-3104467267ns6:ComputerEquipment2019-03-3104467267ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-03-3104467267ns6:CurrentFinancialInstrumentsns6:WithinOneYear2019-03-3104467267ns11:OrdinaryShareClass12020-03-31
REGISTERED NUMBER: 04467267(England and Wales)















Financial Statements for the Year Ended 31 March 2020

for

BS Engineering UK Ltd

BS Engineering UK Ltd (Registered number: 04467267)






Contents of the Financial Statements
for the Year Ended 31 March 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BS Engineering UK Ltd

Company Information
for the Year Ended 31 March 2020







DIRECTOR: Mr B S Bunger





SECRETARY: Mrs K Bunger





REGISTERED OFFICE: C/o Haines Watts, Chartered Accountants
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA





REGISTERED NUMBER: 04467267(England and Wales)





ACCOUNTANTS: Haines Watts Wolverhampton Limited
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA

BS Engineering UK Ltd (Registered number: 04467267)

Balance Sheet
31 March 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,065 14,865
Tangible assets 5 27,291 38,556
39,356 53,421

CURRENT ASSETS
Stocks 21,615 8,550
Debtors 6 49,237 89,553
Cash at bank and in hand 50,757 31,905
121,609 130,008
CREDITORS
Amounts falling due within one year 7 39,247 55,933
NET CURRENT ASSETS 82,362 74,075
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,718

127,496

CREDITORS
Amounts falling due after more than one
year

8

(28,968

)

(41,933

)

PROVISIONS FOR LIABILITIES (3,361 ) (3,361 )
NET ASSETS 89,389 82,202

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 88,389 81,202
SHAREHOLDERS' FUNDS 89,389 82,202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

BS Engineering UK Ltd (Registered number: 04467267)

Balance Sheet - continued
31 March 2020


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2020and were
signed by:





Mr B S Bunger- Director


BS Engineering UK Ltd (Registered number: 04467267)

Notes to the Financial Statements
for the Year Ended 31 March 2020

1. STATUTORY INFORMATION

BS Engineering UK Ltd 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.

2. ACCOUNTING POLICIES

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

The financial statements have been prepared on a going concern basis. The Directors have reviewed
and considered relevant information, including the annual budget and future cash flows in making their
assessment. In particular, in response to the COVID-19 pandemic, the Directors have tested their cash
flow analysis to take into account the impact on their business of possible scenarios brought on by the
impact of COVID-19, alongside the measures that they can take to mitigate the impact. Based on
these assessments, given the measures that could be undertaken to mitigate the current adverse
conditions, and the current resources available, the Directors have concluded that they can continue to
adopt the going concern basis in preparing the annual report and accounts.

Significant judgements and estimates
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.

Turnover
The turnover shown in the profit and loss account is the amount receivable for the provision of goods
and services falling within the Company's activities, net of Value Added Tax, rebates and trade
discounts. Turnover from the provision of goods and services are recognised in the accounting period
in which the Company obtains the right to consideration in exchange for its performance and when the
amounts to be recognised are fixed or determinable and collectability is reasonably assured.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured
at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.


BS Engineering UK Ltd (Registered number: 04467267)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except
to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument
is any contract that evidences a residual interest in the assets of the company after deducting all of its
liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6(2019 - 7) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2019
and 31 March 2020 56,000
AMORTISATION
At 1 April 2019 41,135
Amortisation for year 2,800
At 31 March 2020 43,935
NET BOOK VALUE
At 31 March 2020 12,065
At 31 March 2019 14,865

BS Engineering UK Ltd (Registered number: 04467267)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2019 3,605 225,409 12,175
Additions - - 154
Disposals - - -
At 31 March 2020 3,605 225,409 12,329
DEPRECIATION
At 1 April 2019 3,063 195,866 10,244
Charge for year 135 4,431 313
Eliminated on disposal - - -
At 31 March 2020 3,198 200,297 10,557
NET BOOK VALUE
At 31 March 2020 407 25,112 1,772
At 31 March 2019 542 29,543 1,931

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2019 12,683 511 254,383
Additions - - 154
Disposals (12,683 ) - (12,683 )
At 31 March 2020 - 511 241,854
DEPRECIATION
At 1 April 2019 6,143 511 215,827
Charge for year 954 - 5,833
Eliminated on disposal (7,097 ) - (7,097 )
At 31 March 2020 - 511 214,563
NET BOOK VALUE
At 31 March 2020 - - 27,291
At 31 March 2019 6,540 - 38,556

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 47,146 82,107
Other debtors 2,091 7,446
49,237 89,553

BS Engineering UK Ltd (Registered number: 04467267)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 10,859 10,259
Trade creditors 3,894 11,658
Taxation and social security 20,443 28,078
Other creditors 4,051 5,938
39,247 55,933

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2020 2019
£    £   
Bank loans 28,968 41,933

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by
instalments - 11,375
- 11,375

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2020 2019
value: £    £   
1,000 Ordinary £1 1,000 1,000