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REGISTERED NUMBER: 03831278 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 March 2023

for

B & M Installations Limited

B & M Installations Limited (Registered number: 03831278)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B & M Installations Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr J Martin
Mr G Belfield





SECRETARY: Mr G Belfield





REGISTERED OFFICE: 66 Outram Street
Sutton in Ashfield
Nottinghamshire
NG17 4FS





REGISTERED NUMBER: 03831278 (England and Wales)





ACCOUNTANTS: D. K. Rumsby & Co Limited
3 Colwick Quays
Colwick
Nottingham
Nottinghamshire
NG4 2JY

B & M Installations Limited (Registered number: 03831278)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 65,102 52,863
65,102 52,863

CURRENT ASSETS
Stocks 39,621 50,000
Debtors 6 246,861 244,920
Cash at bank 251,988 233,082
538,470 528,002
CREDITORS
Amounts falling due within one year 7 (186,320 ) (271,471 )
NET CURRENT ASSETS 352,150 256,531
TOTAL ASSETS LESS CURRENT
LIABILITIES

417,252

309,394

CREDITORS
Amounts falling due after more than one
year

8

(56,692

)

(53,606

)

PROVISIONS FOR LIABILITIES (16,276 ) (10,044 )
NET ASSETS 344,284 245,744

B & M Installations Limited (Registered number: 03831278)

Balance Sheet - continued
31 March 2023

31.3.23 31.3.22
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 11 4 4
Retained earnings 344,280 245,740
SHAREHOLDERS' FUNDS 344,284 245,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:





Mr G Belfield - Director


B & M Installations Limited (Registered number: 03831278)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

B & M Installations 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 1999, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


B & M Installations Limited (Registered number: 03831278)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 14,200
AMORTISATION
At 1 April 2022
and 31 March 2023 14,200
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

B & M Installations Limited (Registered number: 03831278)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 134,815
Additions 34,357
Disposals (7,495 )
At 31 March 2023 161,677
DEPRECIATION
At 1 April 2022 81,952
Charge for year 21,701
Eliminated on disposal (7,078 )
At 31 March 2023 96,575
NET BOOK VALUE
At 31 March 2023 65,102
At 31 March 2022 52,863

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022 88,945
Additions 32,490
Transfer to ownership (33,500 )
At 31 March 2023 87,935
DEPRECIATION
At 1 April 2022 44,379
Charge for year 17,277
Transfer to ownership (25,550 )
At 31 March 2023 36,106
NET BOOK VALUE
At 31 March 2023 51,829
At 31 March 2022 44,566

B & M Installations Limited (Registered number: 03831278)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 192,224 188,821
Other debtors 54,637 56,099
246,861 244,920

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) 14,480 13,452
Trade creditors 64,521 156,586
Taxation and social security 86,788 77,244
Other creditors 10,531 14,189
186,320 271,471

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 22,500 32,500
Hire purchase contracts (see note 9) 34,192 21,106
56,692 53,606

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.23 31.3.22
£    £   
Net obligations repayable:
Within one year 14,480 13,452
Between one and five years 34,192 21,106
48,672 34,558

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Hire purchase contracts 48,672 34,558

B & M Installations Limited (Registered number: 03831278)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
2 Ordinary £1 2 2
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
4 4