Company registration number 13187889 (England and Wales)
BM3 BIRMINGHAM LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
BM3 BIRMINGHAM LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
BM3 BIRMINGHAM LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
1,641,435
557,051
Cash at bank and in hand
3,502
49,771
1,644,937
606,822
Creditors: amounts falling due within one year
4
(1,307,188)
(483,084)
Net current assets
337,749
123,738
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
6
337,748
123,737
Total equity
337,749
123,738

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 9 October 2023 and are signed on its behalf by:
Mr N Walker
Director
Company Registration No. 13187889
BM3 BIRMINGHAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information

BM3 Birmingham Limited is a private company, limited by shares, incorporated in England and Wales. The registered office is 28 Pickford Street, Birmingham, West Midlands, B5 5QH. The company registration number is 13187889.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised are recoverable.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

1.4
Financial instruments
Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was: 6 (2022 - 6)

 

BM3 BIRMINGHAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
389,007
159,114
Amounts owed by group undertakings
1,111,813
330,728
Other debtors
140,615
67,209
1,641,435
557,051
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
2,040
-
0
Amounts owed to group undertakings
1,183,427
416,627
Corporation tax
49,892
27,981
Other taxation and social security
71,829
38,476
1,307,188
483,084
5
Called up share capital
2023
2022
Ordinary share capital
£
£
Issued and fully paid
1 Ordinary share of £1
1
1
6
Reserves
Profit and loss reserves

This reserve records all current and prior period retained profits and losses.

7
Financial commitments, guarantees and contingent liabilities

A group VAT registration is in force. The company is jointly and severally liable for the amount owed by BM3 Group Limited, BM3 Architecture Limited, BM3 Services Limited and BM3 London Limited. At the balance sheet date, this amounted to £133,485 (2022: £124,590). VAT is up to date and has been paid post year end.

8
Related party transactions

The Company has taken advantage of exemption, under the terms of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.

9
Parent company

The parent company is BM3 Group Limited, a company registered in England and Wales. Its registered office is 28 Pickford Street, Birmingham, England, B5 5QH.

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