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REGISTERED NUMBER: 05750277 (England and Wales)








Unaudited Financial Statements

for the Year Ended

30 April 2023

for

B M Euroservice Limited

B M Euroservice Limited (Registered number: 05750277)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


B M Euroservice Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: M S Adams
P R Waldron





REGISTERED OFFICE: Unit 26 Waterside Industrial Estate
Ettingshall
Wolverhampton
West Midlands
WV2 2RQ





REGISTERED NUMBER: 05750277 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

B M Euroservice Limited (Registered number: 05750277)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,018 3,621
3,018 3,621

CURRENT ASSETS
Stocks 1,945 1,945
Debtors 6 15,448 17,685
Cash at bank and in hand 34,054 34,049
51,447 53,679
CREDITORS
Amounts falling due within one year 7 53,333 55,671
NET CURRENT LIABILITIES (1,886 ) (1,992 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,132

1,629

PROVISIONS FOR LIABILITIES 416 520
NET ASSETS 716 1,109

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 616 1,009
SHAREHOLDERS' FUNDS 716 1,109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2023 and were signed on its behalf by:




P R Waldron - Director


B M Euroservice Limited (Registered number: 05750277)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

B M Euroservice 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 6 (2022 - 6 ) .

B M Euroservice Limited (Registered number: 05750277)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 17,000
AMORTISATION
At 1 May 2022
and 30 April 2023 17,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2022
and 30 April 2023 13,591 422 3,449 4,725 22,187
DEPRECIATION
At 1 May 2022 10,574 380 3,018 4,594 18,566
Charge for year 454 6 109 34 603
At 30 April 2023 11,028 386 3,127 4,628 19,169
NET BOOK VALUE
At 30 April 2023 2,563 36 322 97 3,018
At 30 April 2022 3,017 42 431 131 3,621

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 760 449
Other debtors 14,688 17,236
15,448 17,685

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 29,327 30,072
Taxation and social security 19,034 19,626
Other creditors 4,972 5,973
53,333 55,671

B M Euroservice Limited (Registered number: 05750277)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
M S Adams
Balance outstanding at start of year 2,569 4,278
Amounts advanced 29,646 2,569
Amounts repaid (31,144 ) (4,278 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,071 2,569

P R Waldron
Balance outstanding at start of year 5,333 6,933
Amounts advanced 29,976 5,333
Amounts repaid (29,233 ) (6,933 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,076 5,333

9. RELATED PARTY DISCLOSURES

The company trades from premises owned by the shareholders on a rent free basis.