BM COMPLETE DEVELOPMENTS LTD

Company Registration Number:
12040919 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2022

Period of accounts

Start date: 1 February 2021

End date: 31 January 2022

BM COMPLETE DEVELOPMENTS LTD

Contents of the Financial Statements

for the Period Ended 31 January 2022

Balance sheet
Additional notes
Balance sheet notes

BM COMPLETE DEVELOPMENTS LTD

Balance sheet

As at 31 January 2022

Notes 2022 10 months to 31 January 2021


£

£
Fixed assets
Tangible assets: 3 235,201 132,045
Total fixed assets: 235,201 132,045
Current assets
Stocks: 4 37,020 35,046
Debtors: 5 85,286 58,144
Cash at bank and in hand: 2,454 10,996
Total current assets: 124,760 104,186
Creditors: amounts falling due within one year: 6 ( 122,713 ) ( 111,481 )
Net current assets (liabilities): 2,047 (7,295)
Total assets less current liabilities: 237,248 124,750
Creditors: amounts falling due after more than one year: 7 ( 89,230 ) ( 81,672 )
Provision for liabilities: ( 37,069 ) ( 16,716 )
Total net assets (liabilities): 110,949 26,362
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 110,849 26,262
Total Shareholders' funds: 110,949 26,362

The notes form part of these financial statements

BM COMPLETE DEVELOPMENTS LTD

Balance sheet statements

For the year ending 31 January 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 27 June 2022
and signed on behalf of the board by:

Name: Mr N Mellin
Status: Director

The notes form part of these financial statements

BM COMPLETE DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    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.DepreciationDepreciation 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:Plant and machinery: 20% Straight lineMotor vehicles: 20% Straight line

    Other accounting policies

    Cash and cash equivalentsCash 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 debtorsTrade 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 theimpairment 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.StocksStocks 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.Trade creditorsTrade 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.BorrowingsInterest-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.LeasesLeases 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 astraight-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 capitalOrdinary 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.DividendsDividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.Defined contribution pension obligationA 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.

BM COMPLETE DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2022

  • 2. Employees

    2022 10 months to 31 January 2021
    Average number of employees during the period 5 4

BM COMPLETE DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2021 147,355 0 147,355
Additions 143,440 25,311 168,751
Disposals ( 23,000 ) ( 23,000 )
Revaluations
Transfers
At 31 January 2022 267,795 25,311 293,106
Depreciation
At 1 February 2021 15,310 0 15,310
Charge for year 42,210 4,218 46,428
On disposals ( 3,833 ) ( 3,833 )
Other adjustments
At 31 January 2022 53,687 4,218 57,905
Net book value
At 31 January 2022 214,108 21,093 235,201
At 31 January 2021 132,045 0 132,045

BM COMPLETE DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2022

4. Stocks

2022 10 months to 31 January 2021
£ £
Stocks 37,020 35,046
Total 37,020 35,046

BM COMPLETE DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2022

5. Debtors

2022 10 months to 31 January 2021
£ £
Trade debtors 80,799 53,368
Prepayments and accrued income 0 1,160
Other debtors 4,487 3,616
Total 85,286 58,144

BM COMPLETE DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2022

6. Creditors: amounts falling due within one year note

2022 10 months to 31 January 2021
£ £
Bank loans and overdrafts 21,138 15,195
Trade creditors 66,473 67,780
Taxation and social security 9,182 23,004
Accruals and deferred income 950 950
Other creditors 24,970 4,552
Total 122,713 111,481

BM COMPLETE DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2022

7. Creditors: amounts falling due after more than one year note

2022 10 months to 31 January 2021
£ £
Bank loans and overdrafts 89,230 81,672
Total 89,230 81,672