Company registration number 13187924 (England and Wales)
BM3 SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
BM3 SERVICES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
BM3 SERVICES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
120,617
130,532
Current assets
Debtors
4
2,301,354
1,103,725
Cash at bank and in hand
13,246
6,147
2,314,600
1,109,872
Creditors: amounts falling due within one year
5
(2,438,922)
(1,244,109)
Net current liabilities
(124,322)
(134,237)
Net liabilities
(3,705)
(3,705)
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
7
(3,706)
(3,706)
Total equity
(3,705)
(3,705)

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. 13187924
BM3 SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information

BM3 Services 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 13187924.

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
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
15% Straight line
Fixtures and fittings
15% Straight line
Computer equipment
33% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of an asset, and is credited or charged to the profit and loss account.

1.4
Cash and cash equivalents

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

1.5
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.

BM3 SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 3 -
1.6
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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the lease term.

 

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.9
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred.

1.10

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

BM3 SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 73 (2022 - 69).

3
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
Computer equipment
Total
£
£
£
£
Cost
At 1 April 2022
8,591
11,929
149,447
169,967
Additions
-
0
15,538
16,985
32,523
At 31 March 2023
8,591
27,467
166,432
202,490
Depreciation
At 1 April 2022
1,289
1,765
36,381
39,435
Depreciation charged in the year
1,289
2,838
38,311
42,438
At 31 March 2023
2,578
4,603
74,692
81,873
Carrying amount
At 31 March 2023
6,013
22,864
91,740
120,617
At 31 March 2022
7,302
10,164
113,066
130,532
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
3,119
2,079
Amounts owed by group undertakings
2,144,551
970,038
Other debtors
153,684
131,608
2,301,354
1,103,725
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
83,468
58,360
Amounts owed to group undertakings
2,214,813
1,048,911
Corporation tax
-
0
3,706
Other taxation and social security
65,166
53,131
Other creditors
75,475
80,001
2,438,922
1,244,109
BM3 SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
6
Called up share capital
2023
2022
Ordinary share capital
£
£
Issued and fully paid
1 Ordinary Share of £1 each
1
1
7
Reserves
Profit and loss reserves

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

8
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 Birmingham Limited and BM3 London Limited. At the balance sheet date, this amounted to £227,535 (2022: £178,438). VAT is up to date and has been paid post year end.

 

Total financial commitments which are not included in the balance sheet amount to £300,274 (2022 - £403,308).

9
Pension commitment

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administrated fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £53,433 (2022: £48,263). Contributions totaling £10,843 (2022: £9,410) were payable to the fund at the balance sheet date and are included within creditors.

 

10
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.

11
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.

2023-03-312022-04-01false27 October 2023CCH SoftwareCCH Accounts Production 2023.200No description of principal activityMr M AntoniMr J BoulterMr J JohalMr P ShepherdMr J JonesMr N WalkerMr N Walker131879242022-04-012023-03-31131879242023-03-31131879242022-03-3113187924core:LeaseholdImprovements2023-03-3113187924core:FurnitureFittings2023-03-3113187924core:ComputerEquipment2023-03-3113187924core:LeaseholdImprovements2022-03-3113187924core:FurnitureFittings2022-03-3113187924core:ComputerEquipment2022-03-3113187924core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3113187924core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3113187924core:CurrentFinancialInstruments2023-03-3113187924core:CurrentFinancialInstruments2022-03-3113187924core:ShareCapital2023-03-3113187924core:ShareCapital2022-03-3113187924core:RetainedEarningsAccumulatedLosses2023-03-3113187924core:RetainedEarningsAccumulatedLosses2022-03-3113187924bus:Director62022-04-012023-03-3113187924core:LeaseholdImprovements2022-04-012023-03-3113187924core:FurnitureFittings2022-04-012023-03-3113187924core:ComputerEquipment2022-04-012023-03-3113187924core:LeaseholdImprovements2022-03-3113187924core:FurnitureFittings2022-03-3113187924core:ComputerEquipment2022-03-31131879242022-03-3113187924core:WithinOneYear2023-03-3113187924core:WithinOneYear2022-03-3113187924bus:PrivateLimitedCompanyLtd2022-04-012023-03-3113187924bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-3113187924bus:FRS1022022-04-012023-03-3113187924bus:AuditExemptWithAccountantsReport2022-04-012023-03-3113187924bus:Director12022-04-012023-03-3113187924bus:Director22022-04-012023-03-3113187924bus:Director32022-04-012023-03-3113187924bus:Director42022-04-012023-03-3113187924bus:Director52022-04-012023-03-3113187924bus:CompanySecretary12022-04-012023-03-3113187924bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP