Relate AccountsProduction v2.6.3 v2.6.3 2022-06-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity is that of the retail of children's nursery equipment and accessories. 3 October 2023 NI661765 2023-05-31 NI661765 2022-05-31 NI661765 2021-05-31 NI661765 2022-06-01 2023-05-31 NI661765 2021-06-01 2022-05-31 NI661765 uk-bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 NI661765 uk-bus:AbridgedAccounts 2022-06-01 2023-05-31 NI661765 uk-core:ShareCapital 2023-05-31 NI661765 uk-core:ShareCapital 2022-05-31 NI661765 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 NI661765 uk-core:RetainedEarningsAccumulatedLosses 2022-05-31 NI661765 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-05-31 NI661765 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-05-31 NI661765 uk-bus:FRS102 2022-06-01 2023-05-31 NI661765 uk-core:Goodwill 2022-06-01 2023-05-31 NI661765 uk-core:PlantMachinery 2022-06-01 2023-05-31 NI661765 uk-core:MotorVehicles 2022-06-01 2023-05-31 NI661765 uk-core:Goodwill 2022-05-31 NI661765 uk-core:Goodwill 2023-05-31 NI661765 2022-06-01 2023-05-31 NI661765 uk-bus:Director1 2022-06-01 2023-05-31 NI661765 uk-bus:Director2 2022-06-01 2023-05-31 NI661765 uk-bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI661765
 
 
BCC Termon Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 May 2023
BCC Termon Ltd
Company Registration Number: NI661765
ABRIDGED BALANCE SHEET
as at 31 May 2023

2023 2022
Notes £ £
 
Fixed Assets
Intangible assets 5 23,333 43,333
Tangible assets 6 7,809 13,163
───────── ─────────
31,142 56,496
───────── ─────────
 
Current Assets
Stocks 164,903 176,156
Debtors 61,900 30,215
Cash and cash equivalents 5,147 3,455
───────── ─────────
231,950 209,826
───────── ─────────
Creditors: amounts falling due within one year (101,811) (121,085)
───────── ─────────
Net Current Assets 130,139 88,741
───────── ─────────
Total Assets less Current Liabilities 161,281 145,237
 
Creditors:
amounts falling due after more than one year (236,017) (213,128)
───────── ─────────
Net Liabilities (74,736) (67,891)
═════════ ═════════
 
Capital and Reserves
Called up share capital 10 10
Retained earnings (74,746) (67,901)
───────── ─────────
Equity attributable to owners of the company (74,736) (67,891)
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
           
For the financial year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 3 October 2023 and signed on its behalf by
           
________________________________     ________________________________
Mr. Barry Daly     Mr. Conor Daly
Director     Director
           



BCC Termon Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 May 2023

   
1. General Information
 
BCC Termon Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI661765. The registered office of the company is 2 Church Street, Ballygawley, Co. Tyrone, BT70 2HB, United Kingdom. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 May 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Intangible assets
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 5 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% Straight line
  Motor vehicles - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Going concern
 
The company was impacted during the year by the global coronavirus pandemic. However, with government support together with the continued support of the director, the company is well placed to trade successfully post the pandemic.
       
4. Employees
 
The average monthly number of employees, including directors, during the financial year was 6, (2022 - 6).
 
  2023 2022
  Number Number
 
Cost of Sales 4 4
Directors 2 2
  ───────── ─────────
  6 6
  ═════════ ═════════
       
5. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 June 2022 100,000 100,000
  ───────── ─────────
 
At 31 May 2023 100,000 100,000
  ───────── ─────────
Amortisation
At 1 June 2022 56,667 56,667
Charge for financial year 20,000 20,000
  ───────── ─────────
At 31 May 2023 76,667 76,667
  ───────── ─────────
Net book value
At 31 May 2023 23,333 23,333
  ═════════ ═════════
At 31 May 2022 43,333 43,333
  ═════════ ═════════
         
6. Tangible assets
  Plant and Motor Total
  machinery vehicles  
       
  £ £ £
Cost
At 1 June 2022 15,598 12,100 27,698
Additions 233 - 233
  ───────── ───────── ─────────
At 31 May 2023 15,831 12,100 27,931
  ───────── ───────── ─────────
Depreciation
At 1 June 2022 7,678 6,857 14,535
Charge for the financial year 3,167 2,420 5,587
  ───────── ───────── ─────────
At 31 May 2023 10,845 9,277 20,122
  ───────── ───────── ─────────
Net book value
At 31 May 2023 4,986 2,823 7,809
  ═════════ ═════════ ═════════
At 31 May 2022 7,920 5,243 13,163
  ═════════ ═════════ ═════════
       
7. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 May 2023.
   
8. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.