5 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 47,992 45,014 2,132 47,146 846 2,978 xbrli:pure xbrli:shares iso4217:GBP 07930904 2022-04-01 2023-03-31 07930904 2023-03-31 07930904 2022-03-31 07930904 2021-04-01 2022-03-31 07930904 2022-03-31 07930904 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 07930904 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 07930904 bus:Director1 2022-04-01 2023-03-31 07930904 bus:Director2 2022-04-01 2023-03-31 07930904 core:WithinOneYear 2023-03-31 07930904 core:WithinOneYear 2022-03-31 07930904 core:ShareCapital 2023-03-31 07930904 core:ShareCapital 2022-03-31 07930904 core:SharePremium 2023-03-31 07930904 core:SharePremium 2022-03-31 07930904 core:RetainedEarningsAccumulatedLosses 2023-03-31 07930904 core:RetainedEarningsAccumulatedLosses 2022-03-31 07930904 bus:SmallEntities 2022-04-01 2023-03-31 07930904 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07930904 bus:FullAccounts 2022-04-01 2023-03-31 07930904 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 07930904 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07930904 bus:OrdinaryShareClass1 2023-03-31 07930904 bus:OrdinaryShareClass1 2022-03-31 07930904 bus:OrdinaryShareClass2 2023-03-31 07930904 bus:OrdinaryShareClass2 2022-03-31 07930904 bus:AllOrdinaryShares 2023-03-31 07930904 bus:AllOrdinaryShares 2022-03-31 07930904 core:OfficeEquipment 2023-03-31 07930904 core:OfficeEquipment 2022-03-31 07930904 core:OfficeEquipment 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 07930904
BPM TECH LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2023
BPM TECH LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
BPM TECH LIMITED
BALANCE SHEET
31 March 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
6
846
2,978
Current assets
Debtors
7
949,691
954,310
Cash at bank and in hand
593,696
652,354
------------
------------
1,543,387
1,606,664
Creditors: amounts falling due within one year
8
( 130,913)
( 146,428)
------------
------------
Net current assets
1,412,474
1,460,236
------------
------------
Total assets less current liabilities
1,413,320
1,463,214
Provisions
Taxation including deferred tax
( 211)
( 745)
------------
------------
Net assets
1,413,109
1,462,469
------------
------------
Capital and reserves
Called up share capital
10
500
500
Share premium account
59,900
59,900
Profit and loss account
1,352,709
1,402,069
------------
------------
Shareholders funds
1,413,109
1,462,469
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 14 August 2023 , and are signed on behalf of the board by:
M Robinson B Whiteley
Director Director
Company registration number: 07930904
BPM TECH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is St Pegs Mill, Thornhill Beck Lane, Brighouse, HD6 4AH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Operating leases
Rentals payable under operating leases are charged to the profit and loss account when incurred.
Turnover
Turnover represents the value of goods sold and services provided net of value added tax.
Deferred taxation
Deferred taxation is provided on the liability method at anticipated future rates of taxation on differences arising from the inclusion of income and expenditure in periods different for accounts and taxation purposes.
Pension costs
Contributions to defined contribution pension schemes are charged to the profit and loss account when paid.
Depreciation
The depreciation of tangible fixed assets is based on cost and is applied using the following rates:
Office equipment
-
3 years straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Turnover
The company's turnover is derived entirely within the United Kingdom.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2022: 7 ).
6. Tangible assets
Office equipment
£
Cost
At 1 April 2022 and 31 March 2023
47,992
------------
Depreciation
At 1 April 2022
45,014
Charge for the year
2,132
------------
At 31 March 2023
47,146
------------
Carrying amount
At 31 March 2023
846
------------
At 31 March 2022
2,978
------------
7. Debtors
2023
2022
£
£
Trade debtors
81,779
185,249
Prepayments and accrued income
11,162
12,311
Group debtor
856,350
756,350
Other debtors
400
400
------------
------------
949,691
954,310
------------
------------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
4,994
84,243
Accruals and deferred income
59,886
33,311
Corporation tax
27,978
24,470
Social security and other taxes
38,055
4,404
------------
------------
130,913
146,428
------------
------------
9. Deferred tax
The deferred tax included in the balance sheet is as follows:
2023
2022
£
£
Included in provisions
211
745
------------
------------
10. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
250
250
250
250
Ordinary 'B' shares of £ 1 each
250
250
250
250
------------
------------
------------
------------
500
500
500
500
------------
------------
------------
------------
11. Related party transactions
The company is a wholly-owned subsidiary of BPM Tech Holdings UK Limited. This company in turn is a wholly-owned subsidiary of BPM Tech Group UK Limited. The debts owed by these two companies set out at note 7 above are unsecured, payable on demand and currently interest free. The company is controlled by B Whiteley .
12. Pension costs
The company makes contributions to independently administered defined contribution pension schemes. The pension cost charge for the year was £51,800 (2022: £81,673).
13. Operating lease commitments
The company occupies its premises under a 3 year operating lease. The annual rent is £13,296.