Bidston Management Services Limited 08208401 false 2021-10-01 2022-09-30 2022-09-30 The principal activity of the company is that of building management consultancy Digita Accounts Production Advanced 6.30.9574.0 true true 08208401 2021-10-01 2022-09-30 08208401 2022-09-30 08208401 core:RetainedEarningsAccumulatedLosses 2022-09-30 08208401 core:ShareCapital 2022-09-30 08208401 core:CurrentFinancialInstruments 2022-09-30 08208401 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 08208401 core:Non-currentFinancialInstruments 2022-09-30 08208401 core:Non-currentFinancialInstruments core:AfterOneYear 2022-09-30 08208401 core:FurnitureFittingsToolsEquipment 2022-09-30 08208401 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-09-30 08208401 bus:SmallEntities 2021-10-01 2022-09-30 08208401 bus:AuditExemptWithAccountantsReport 2021-10-01 2022-09-30 08208401 bus:FullAccounts 2021-10-01 2022-09-30 08208401 bus:SmallCompaniesRegimeForAccounts 2021-10-01 2022-09-30 08208401 bus:RegisteredOffice 2021-10-01 2022-09-30 08208401 bus:Director1 2021-10-01 2022-09-30 08208401 bus:PrivateLimitedCompanyLtd 2021-10-01 2022-09-30 08208401 bus:Agent1 2021-10-01 2022-09-30 08208401 core:FurnitureFittingsToolsEquipment 2021-10-01 2022-09-30 08208401 core:KeyManagementPersonnel 2021-10-01 2022-09-30 08208401 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-10-01 2022-09-30 08208401 countries:England 2021-10-01 2022-09-30 08208401 2021-09-30 08208401 core:FurnitureFittingsToolsEquipment 2021-09-30 08208401 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-09-30 08208401 2020-10-01 2021-09-30 08208401 2021-09-30 08208401 core:RetainedEarningsAccumulatedLosses 2021-09-30 08208401 core:ShareCapital 2021-09-30 08208401 core:CurrentFinancialInstruments 2021-09-30 08208401 core:CurrentFinancialInstruments core:WithinOneYear 2021-09-30 08208401 core:Non-currentFinancialInstruments 2021-09-30 08208401 core:Non-currentFinancialInstruments core:AfterOneYear 2021-09-30 08208401 core:FurnitureFittingsToolsEquipment 2021-09-30 08208401 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-09-30 08208401 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2020-10-01 2021-09-30 08208401 2020-09-30 08208401 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2020-09-30 iso4217:GBP xbrli:pure

Registration number: 08208401

Bidston Management Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2022

 

Bidston Management Services Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

Bidston Management Services Limited

Company Information

Director

Mr M J Bidston

Registered office

DeVines Bellefield House
104 New London Road
Chelmsford
Essex
CM2 0RG

Accountants

DeVines Accountants Limited
Chartered Accountants
Bellefield House
104 New London Road
Chelmsford
Essex
CM2 0RG

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Bidston Management Services Limited
for the Year Ended 30 September 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bidston Management Services Limited for the year ended 30 September 2022 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Bidston Management Services Limited, as a body, in accordance with the terms of our engagement letter dated 18 June 2015. Our work has been undertaken solely to prepare for your approval the accounts of Bidston Management Services Limited and state those matters that we have agreed to state to the Board of Directors of Bidston Management Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bidston Management Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Bidston Management Services 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 of Bidston Management Services Limited. You consider that Bidston Management Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Bidston Management Services 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 statutory accounts.

......................................

DeVines Accountants Limited
Chartered Accountants
Bellefield House
104 New London Road
Chelmsford
Essex
CM2 0RG

29 September 2023

 

Bidston Management Services Limited

(Registration number: 08208401)
Balance Sheet as at 30 September 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

468

623

Current assets

 

Debtors

5

56,927

62,084

Cash at bank and in hand

 

1,679

727

 

58,606

62,811

Creditors: Amounts falling due within one year

6

(48,234)

(52,187)

Net current assets

 

10,372

10,624

Total assets less current liabilities

 

10,840

11,247

Creditors: Amounts falling due after more than one year

6

(10,098)

(10,009)

Provisions for liabilities

(158)

(158)

Net assets

 

584

1,080

Capital and reserves

 

Called up share capital

100

100

Retained earnings

484

980

Shareholders' funds

 

584

1,080

For the financial year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 September 2023
 

.........................................
Mr M J Bidston
Director

 

Bidston Management Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
DeVines Bellefield House
104 New London Road
Chelmsford
Essex
CM2 0RG

These financial statements were authorised for issue by the director on 29 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Bidston Management Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance 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.

Depreciation

Depreciation 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:

Asset class

Depreciation method and rate

Fixtures and fittings

25% reducing balance

Trade debtors

Trade 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 the impairment 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.

Trade creditors

Trade 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.

Borrowings

Interest-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.

 

Bidston Management Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022

Share capital

Ordinary 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.

Dividends

Dividend 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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2021 - 1).

 

Bidston Management Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2021

833

833

At 30 September 2022

833

833

Depreciation

At 1 October 2021

209

209

Charge for the year

156

156

At 30 September 2022

365

365

Net book value

At 30 September 2022

468

468

At 30 September 2021

623

623

5

Debtors

Current

2022
£

2021
£

Trade debtors

-

2,704

Other debtors

56,927

59,380

 

56,927

62,084

6

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Loans and borrowings

8

1,289

2,600

Taxation and social security

 

46,789

49,431

Accruals and deferred income

 

156

156

 

48,234

52,187

Creditors: amounts falling due after more than one year

 

Bidston Management Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

8

10,098

10,009

7

Reserves

The only movements on reserves in this period and the preceding period are profits and dividends.

8

Loans and borrowings

2022
£

2021
£

Non-current loans and borrowings

Bank borrowings

10,098

10,009

2022
£

2021
£

Current loans and borrowings

Bank borrowings

1,289

2,600

9

Related party transactions

Loans to related parties

2022

Key management
£

Total
£

At start of period

22,442

22,442

Repaid

(8,009)

(8,009)

Interest transactions

448

448

At end of period

14,881

14,881

2021

Key management
£

Total
£

At start of period

3,673

3,673

Advanced

18,691

18,691

Interest transactions

78

78

At end of period

22,442

22,442

Terms of loans to related parties

The loan bears interest at 2% per annum