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REGISTERED NUMBER: 04555159 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

2bm Limited

2bm Limited (Registered number: 04555159)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

2bm Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: MA King
Mrs M King





SECRETARY: S White





REGISTERED OFFICE: 2BM House
Eldon Business Park
Eldon Road
Chilwell
Nottinghamshire
NG9 6DZ





REGISTERED NUMBER: 04555159 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

2bm Limited (Registered number: 04555159)

Balance Sheet
31 July 2023

31.7.23 31.7.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 110,437 125,796

CURRENT ASSETS
Stocks 20,000 25,000
Debtors 5 2,847,580 1,868,831
Cash at bank and in hand 825,608 1,062,233
3,693,188 2,956,064
CREDITORS
Amounts falling due within one year 6 1,921,057 1,380,432
NET CURRENT ASSETS 1,772,131 1,575,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,882,568

1,701,428

CREDITORS
Amounts falling due after more than one year 7 (40,000 ) (147,163 )

PROVISIONS FOR LIABILITIES (11,227 ) (13,180 )
NET ASSETS 1,831,341 1,541,085

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,831,241 1,540,985
SHAREHOLDERS' FUNDS 1,831,341 1,541,085

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

2bm Limited (Registered number: 04555159)

Balance Sheet - continued
31 July 2023


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 8 March 2024 and were signed on its behalf by:





MA King - Director


2bm Limited (Registered number: 04555159)

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

1. STATUTORY INFORMATION

2bm 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.

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 etc - 25% on reducing balance, 20% on reducing balance and 15% 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2bm Limited (Registered number: 04555159)

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

2. ACCOUNTING POLICIES - continued

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.

Employer financed retirement benefit scheme
During 2009 the Company established and employer financed retirement benefit scheme for the benefit of its officers, employees and their wider families, The 2bm Limited Employer Financed Retirement Benefit Scheme ("The Scheme").

In accordance with UITF abstract 32 "Employee Benefit Trusts and other intermediate payment arrangements" the Company does not include the assets and liabilities of The Scheme on its balance sheet to the extent that it considers that it will not retain any economic benefit from the assets of The Scheme and will not have control of the rights or other access to those present economic benefits. This scheme has been unwound post year end.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 285,206
Additions 11,241
At 31 July 2023 296,447
DEPRECIATION
At 1 August 2022 159,410
Charge for year 26,600
At 31 July 2023 186,010
NET BOOK VALUE
At 31 July 2023 110,437
At 31 July 2022 125,796

2bm Limited (Registered number: 04555159)

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

4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 August 2022 189,209
Transfer to ownership (48,985 )
At 31 July 2023 140,224
DEPRECIATION
At 1 August 2022 83,839
Charge for year 21,074
Transfer to ownership (33,718 )
At 31 July 2023 71,195
NET BOOK VALUE
At 31 July 2023 69,029
At 31 July 2022 105,370

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
as restated
£    £   
Trade debtors 1,473,404 663,925
Other debtors 1,374,176 1,204,906
2,847,580 1,868,831

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
as restated
£    £   
Bank loans and overdrafts 20,000 20,000
Hire purchase contracts 85,496 35,190
Trade creditors 836,146 699,663
Taxation and social security 391,420 200,239
Other creditors 587,995 425,340
1,921,057 1,380,432

2bm Limited (Registered number: 04555159)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
as restated
£    £   
Bank loans 40,000 61,667
Hire purchase contracts - 85,496
40,000 147,163

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
as restated
£    £   
Hire purchase contracts 85,496 120,686

The hire purchase balances are secured on the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: as restated
£    £   
55 Ordinary 1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
as restated
£    £   
MA King
Balance outstanding at start of year 515,789 379,973
Amounts advanced 171,212 221,565
Amounts repaid (76,179 ) (85,749 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 610,822 515,789

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
2bm Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 2bm Limited for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of 2bm Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 2bm Limited and state those matters that we have agreed to state to the Board of Directors of 2bm Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that 2bm Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 2bm Limited. You consider that 2bm Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of 2bm Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


8 March 2024