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Company Registration No. 11417968 (England and Wales)
BME SALON LIMITED Unaudited accounts for the year ended 30 June 2023
BME SALON LIMITED Unaudited accounts Contents
Page
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BME SALON LIMITED Company Information for the year ended 30 June 2023
Director
Mr B Ebrahimi
Company Number
11417968 (England and Wales)
Registered Office
43 LYPPIATT ROAD BRISTOL BS5 9HW
Accountants
FARQUHAR PARTNERSHIP LIMITED 151 WHITELADIES ROAD CLIFTON BRISTOL BS8 2RA
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BME SALON LIMITED Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
156 
702 
Tangible assets
244,835 
16,421 
244,991 
17,123 
Current assets
Inventories
11,818 
13,152 
Debtors
3,052 
5,272 
Cash at bank and in hand
58,924 
103,350 
73,794 
121,774 
Creditors: amounts falling due within one year
(115,622)
(91,285)
Net current (liabilities)/assets
(41,828)
30,489 
Total assets less current liabilities
203,163 
47,612 
Creditors: amounts falling due after more than one year
(152,250)
- 
Provisions for liabilities
Deferred tax
(3,943)
(3,229)
Net assets
46,970 
44,383 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
46,960 
44,373 
Shareholders' funds
46,970 
44,383 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 March 2024 and were signed on its behalf by
Mr B Ebrahimi Director Company Registration No. 11417968
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BME SALON LIMITED Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
BME SALON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11417968. The registered office is 43 LYPPIATT ROAD, BRISTOL, BS5 9HW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% straight line
Plant & machinery
10% straight line
Computer equipment
20% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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BME SALON LIMITED Notes to the Accounts for the year ended 30 June 2023
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss. Government grants in relation to covid assistance are credited to profit and loss using the accrual model and are included in Other operating income.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2022
2,184 
At 30 June 2023
2,184 
Amortisation
At 1 July 2022
1,482 
Charge for the year
546 
At 30 June 2023
2,028 
Net book value
At 30 June 2023
156 
At 30 June 2022
702 
Costs capitalised represent the development of a new website that went live in 2019 and is amortised over four years on a straight line basis.
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BME SALON LIMITED Notes to the Accounts for the year ended 30 June 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2022
6,996 
17,845 
1,856 
26,697 
Additions
228,206 
6,185 
1,503 
235,894 
Disposals
- 
- 
(250)
(250)
At 30 June 2023
235,202 
24,030 
3,109 
262,341 
Depreciation
At 1 July 2022
4,197 
5,167 
912 
10,276 
Charge for the year
4,441 
2,317 
622 
7,380 
On disposals
- 
- 
(150)
(150)
At 30 June 2023
8,638 
7,484 
1,384 
17,506 
Net book value
At 30 June 2023
226,564 
16,546 
1,725 
244,835 
At 30 June 2022
2,799 
12,678 
944 
16,421 
6
Inventories
2023 
2022 
£ 
£ 
Raw materials
4,372 
6,580 
Finished goods
7,446 
6,572 
11,818 
13,152 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
2,834 
522 
Other debtors
218 
2,687 
3,052 
3,209 
Amounts falling due after more than one year
Other debtors
- 
2,063 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
5,828 
1,364 
Taxes and social security
33,807 
30,140 
Other creditors
2,229 
1,431 
Loans from directors
72,145 
56,737 
Accruals
1,613 
1,613 
115,622 
91,285 
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BME SALON LIMITED Notes to the Accounts for the year ended 30 June 2023
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
152,250 
- 
10
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
3,958 
3,229 
Other deferred taxation
(15)
- 
3,943 
3,229 
2023 
2022 
£ 
£ 
Provision at start of year
3,229 
3,915 
Charged/(credited) to the profit and loss account
714 
(686)
Provision at end of year
3,943 
3,229 
11
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
12
Operating lease commitments
2023 
2022 
£ 
£ 
At 30 June 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
- 
6,875 
13
Average number of employees
During the year the average number of employees was 5 (2022: 4).
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