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REGISTERED NUMBER: 08382530 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

B M SPARES UK LIMITED

B M SPARES UK LIMITED (REGISTERED NUMBER: 08382530)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


B M SPARES UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: T J Merrall
Mrs L Merrall





REGISTERED OFFICE: Willoughby Service Station
A46 Fosse Way
Upper Broughton
Melton Mowbray
Nottinghamshire
LE14 3QD





REGISTERED NUMBER: 08382530 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

B M SPARES UK LIMITED (REGISTERED NUMBER: 08382530)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93,703 70,642

CURRENT ASSETS
Stocks 122,965 140,115
Cash at bank 68,684 63,396
191,649 203,511
CREDITORS
Amounts falling due within one year 5 68,447 93,555
NET CURRENT ASSETS 123,202 109,956
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,905

180,598

CREDITORS
Amounts falling due after more than one
year

6

(105,104

)

(133,729

)

PROVISIONS FOR LIABILITIES (2,655 ) (3,258 )
NET ASSETS 109,146 43,611

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 109,046 43,511
SHAREHOLDERS' FUNDS 109,146 43,611

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 directors acknowledge their 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.

B M SPARES UK LIMITED (REGISTERED NUMBER: 08382530)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2023 and were signed on its behalf by:





T J Merrall - Director


B M SPARES UK LIMITED (REGISTERED NUMBER: 08382530)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

B M Spares UK Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 cost, 20% on cost and 4% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 11 ) .

B M SPARES UK LIMITED (REGISTERED NUMBER: 08382530)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2022 40,636 6,065 772
Additions 27,354 15,224 -
At 31 January 2023 67,990 21,289 772
DEPRECIATION
At 1 February 2022 3,645 4,852 772
Charge for year 2,173 3,243 -
At 31 January 2023 5,818 8,095 772
NET BOOK VALUE
At 31 January 2023 62,172 13,194 -
At 31 January 2022 36,991 1,213 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2022 63,453 22,464 133,390
Additions - - 42,578
At 31 January 2023 63,453 22,464 175,968
DEPRECIATION
At 1 February 2022 40,948 12,531 62,748
Charge for year 8,912 5,189 19,517
At 31 January 2023 49,860 17,720 82,265
NET BOOK VALUE
At 31 January 2023 13,593 4,744 93,703
At 31 January 2022 22,505 9,933 70,642

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,016 21,919
Tax 17,195 843
Social security and other taxes 23,092 32,887
VAT 12,359 33,398
Pensions control 585 308
Accrued expenses 4,200 4,200
68,447 93,555

B M SPARES UK LIMITED (REGISTERED NUMBER: 08382530)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 24,167 34,167
Directors' loan account 70,937 89,562
105,104 133,729

7. ULTIMATE CONTROLLING PARTY

There is no one ultimate controlling party.