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Company Registration No. 05691573 (England and Wales)
BMGP Building Contractors Limited Unaudited accounts for the year ended 31 January 2023
BMGP Building Contractors Limited Unaudited accounts Contents
Page
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BMGP Building Contractors Limited Company Information for the year ended 31 January 2023
Director
Beshir Mulaku
Company Number
05691573 (England and Wales)
Registered Office
c/o Solid Ltd, Eagle House 163 City Road London EC1V 1NR United Kingdom
Accountants
Solid Ltd Eagle House 163 City Road London EC1V 1NR
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BMGP Building Contractors Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,027 
15,215 
Current assets
Debtors
16,141 
37,442 
Cash at bank and in hand
3,883 
29,824 
20,024 
67,266 
Creditors: amounts falling due within one year
(28,014)
(51,071)
Net current (liabilities)/assets
(7,990)
16,195 
Total assets less current liabilities
4,037 
31,410 
Creditors: amounts falling due after more than one year
(23,474)
(29,537)
Net (liabilities)/assets
(19,437)
1,873 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(19,439)
1,871 
Shareholders' funds
(19,437)
1,873 
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 October 2023 and were signed on its behalf by
Beshir Mulaku Director Company Registration No. 05691573
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BMGP Building Contractors Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
BMGP Building Contractors Limited is a private company, limited by shares, registered in England and Wales, registration number 05691573. The registered office is c/o Solid Ltd, Eagle House, 163 City Road, London, EC1V 1NR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
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BMGP Building Contractors Limited Notes to the Accounts for the year ended 31 January 2023
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2022
9,045 
23,170 
- 
32,215 
Additions
- 
- 
694 
694 
At 31 January 2023
9,045 
23,170 
694 
32,909 
Depreciation
At 1 February 2022
7,258 
9,742 
- 
17,000 
Charge for the year
446 
3,357 
79 
3,882 
At 31 January 2023
7,704 
13,099 
79 
20,882 
Net book value
At 31 January 2023
1,341 
10,071 
615 
12,027 
At 31 January 2022
1,787 
13,428 
- 
15,215 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
29 
530 
Trade debtors
912 
4,613 
Accrued income and prepayments
7,000 
2,420 
Other debtors
8,200 
9,933 
16,141 
17,496 
Amounts falling due after more than one year
Trade debtors
- 
19,946 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
4,056 
21,848 
Trade creditors
174 
914 
Taxes and social security
23,364 
27,383 
Other creditors
420 
926 
28,014 
51,071 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
23,474 
29,537 
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BMGP Building Contractors Limited Notes to the Accounts for the year ended 31 January 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Beshir Mulaku
Loans with director's
9,351 
- 
9,373 
(22)
9,351 
- 
9,373 
(22)
10
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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