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REGISTERED NUMBER: 08502779 (England and Wales)


Financial Statements for the Year Ended 31 July 2023

for

BMA Stores Limited

BMA Stores Limited (Registered number: 08502779)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BMA Stores Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr Baldev Singh
Mrs Mandeep Kaur





REGISTERED OFFICE: Bridge House
9 - 13 Holbrook Lane
Coventry
United Kingdom
CV6 4AD





REGISTERED NUMBER: 08502779 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

BMA Stores Limited (Registered number: 08502779)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 161,360 155,128

CURRENT ASSETS
Inventories 96,190 118,850
Debtors 5 1,021,949 352,972
Cash at bank and in hand 15,010 24,339
1,133,149 496,161
CREDITORS
Amounts falling due within one year 6 233,182 117,594
NET CURRENT ASSETS 899,967 378,567
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,061,327

533,695

CREDITORS
Amounts falling due after more than one
year

7

(469,401

)

-

PROVISIONS FOR LIABILITIES (6,518 ) (6,518 )
NET ASSETS 585,408 527,177

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 584,408 526,177
SHAREHOLDERS' FUNDS 585,408 527,177

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.

BMA Stores Limited (Registered number: 08502779)

Statement of Financial Position - 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 22 April 2024 and were signed on its behalf by:





Mrs Mandeep Kaur - Director


BMA Stores Limited (Registered number: 08502779)

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

1. STATUTORY INFORMATION

BMA Stores 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
Revenue 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.
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 17 ) .

BMA Stores Limited (Registered number: 08502779)

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 102,669 108,113 210,782
Additions - 17,577 17,577
At 31 July 2023 102,669 125,690 228,359
DEPRECIATION
At 1 August 2022 - 55,654 55,654
Charge for year - 11,345 11,345
At 31 July 2023 - 66,999 66,999
NET BOOK VALUE
At 31 July 2023 102,669 58,691 161,360
At 31 July 2022 102,669 52,459 155,128

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 1,021,949 352,972

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 31,311 37,556
Trade creditors 83,375 30,811
Taxation and social security 18,971 24,687
Other creditors 99,525 24,540
233,182 117,594

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 469,401 -

BMA Stores Limited (Registered number: 08502779)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
1,000 Ordinary Shares £1 1,000 1,000