Registered number
SC502395
BM Investments (Scotland) Ltd
Filleted Accounts
30 April 2023
BM Investments (Scotland) Ltd
Registered number: SC502395
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 181,191 57,294
Current assets
Debtors 4 19,000 19,000
Cash at bank and in hand 1,062 -
20,062 19,000
Creditors: amounts falling due within one year 5 8,376 (4,826)
Net current assets 28,438 14,174
Total assets less current liabilities 209,629 71,468
Creditors: amounts falling due after more than one year 6 (207,561) (66,800)
Net assets 2,068 4,668
Capital and reserves
Called up share capital 1 1
Profit and loss account 2,067 4,667
Shareholders' funds 2,068 4,668
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Blair Michie
Director
Approved by the board on 3 October 2023
BM Investments (Scotland) Ltd
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% of cost
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2022 52,468 12,065 64,533
Additions 126,310 - 126,310
At 30 April 2023 178,778 12,065 190,843
Depreciation
At 1 May 2022 - 7,239 7,239
Charge for the year - 2,413 2,413
At 30 April 2023 - 9,652 9,652
Net book value
At 30 April 2023 178,778 2,413 181,191
At 30 April 2022 52,468 4,826 57,294
4 Debtors 2023 2022
£ £
Other debtors 19,000 19,000
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 502
Other creditors 4,824 4,324
(8,376) 4,826
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 207,561 66,800
7 Other information
BM Investments (Scotland) Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
Violet House
3 Violet Street
Paisley
PA3 3AT
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