REGISTERED NUMBER: 09388852 (England and Wales)

Financial Statements for the Year Ended 31 January 2023

for

BM Consortium Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Makhan Singh

REGISTERED OFFICE:

19 Stourbridge Road

Kidderminster

England

DY10 2PN

REGISTERED NUMBER:

09388852 (England and Wales)

ACCOUNTANTS:

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

FIXED ASSETS

Intangible assets

4

22,247

22,247

Property, plant and equipment

5

4,359

5,812

26,606

28,059

CURRENT ASSETS

Inventories

19,198

22,355

Debtors

6

48,870

61,500

Cash at bank and in hand

3,822

28,022

71,890

111,877

CREDITORS

Amounts falling due within one year

7

45,393

37,452

NET CURRENT ASSETS

26,497

74,425

TOTAL ASSETS LESS CURRENT LIABILITIES

53,103

102,484

CREDITORS

Amounts falling due after more than one year

8

10,595

13,409

NET ASSETS

42,508

89,075

CAPITAL AND RESERVES

Called up share capital

9

29,033

29,033

Retained earnings

13,475

60,042

SHAREHOLDERS' FUNDS

42,508

89,075

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

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 director and authorised for issue on 28 September 2023 and were signed by:

Mr Makhan Singh - Director

1.	STATUTORY INFORMATION

BM Consortium 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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

Plant and machinery etc

-

25% on reducing balance

Stocks

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2022

and 31 January 2023

22,247

NET BOOK VALUE

At 31 January 2023

22,247

At 31 January 2022

22,247

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 February 2022

and 31 January 2023

27,200

DEPRECIATION

At 1 February 2022

21,388

Charge for year

1,453

At 31 January 2023

22,841

NET BOOK VALUE

At 31 January 2023

4,359

At 31 January 2022

5,812

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Trade debtors

45,920

57,960

Other debtors

2,950

3,540

48,870

61,500

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Trade creditors

6,566

-

Taxation and social security

32,052

14,356

Other creditors

6,775

23,096

45,393

37,452

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.23

31.1.22

£

£

Bank loans

10,595

13,409

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.23

31.1.22

value:

£

£

100

Ordinary

£1

29,033

29,033