Company registration number 03458383 (England and Wales)
BM3 ARCHITECTURE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
BM3 ARCHITECTURE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
BM3 ARCHITECTURE LIMITED
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
3,056,894
1,804,757
Cash at bank and in hand
38,304
112,055
3,095,198
1,916,812
Creditors: amounts falling due within one year
4
(2,225,975)
(744,083)
Net current assets
869,223
1,172,729
Capital and reserves
Called up share capital
5
101,250
101,250
Capital redemption reserve
6
43,750
43,750
Profit and loss reserves
6
724,223
1,027,729
Total equity
869,223
1,172,729

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 members have 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. 03458383
BM3 ARCHITECTURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information

BM3 Architecture Limited is a private company, limited by shares, incorporated in England, United Kingdom. The registered office is 28 Pickford Street, Birmingham, West Midlands, B5 5QH. The company registration number is 03458383.

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 that are recoverable.

1.3
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand and 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 statement of income and retained earnings in other administrative expenses.

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 statement of income and retained earnings 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.

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

Rentals payable under operating leases, including any lease incentives received, are charged to the statement of income and retained earnings on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

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.

1.7

Dividends

 

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2
Employees

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

3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
535,403
378,776
Amounts owed by group undertakings
2,310,953
1,164,042
Other debtors
210,538
261,939
3,056,894
1,804,757
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
26,742
21,666
Amounts owed to group undertakings
2,041,793
641,034
Corporation tax
353
4,301
Other taxation and social security
99,059
76,497
Other creditors
58,028
585
2,225,975
744,083
BM3 ARCHITECTURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
5
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
101,250 Ordinary shares of £1 each
101,250
101,250
6
Reserves
Capital redemption reserve

This reserve records the value of shares repurchased by the Company of it's own share capital.

Profit and loss reserves

This reserve records 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 Services Limited, BM3 Birmingham and BM3 London Limited. At the balance sheet date, this amounted to £105,323 (2022: £86.337). 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 £107,130 (2022 - £31,941).

 

8
Parent company

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

9
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.

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