BMB Engineers (Newcastle) Limited 02903821 false 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is light engineering. Digita Accounts Production Advanced 6.30.9574.0 true 02903821 2022-05-01 2023-04-30 02903821 2023-04-30 02903821 core:OtherReservesSubtotal 2023-04-30 02903821 core:RetainedEarningsAccumulatedLosses 2023-04-30 02903821 core:ShareCapital 2023-04-30 02903821 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-04-30 02903821 core:CurrentFinancialInstruments 2023-04-30 02903821 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 02903821 core:FurnitureFittingsToolsEquipment 2023-04-30 02903821 core:MotorVehicles 2023-04-30 02903821 core:OtherPropertyPlantEquipment 2023-04-30 02903821 bus:SmallEntities 2022-05-01 2023-04-30 02903821 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 02903821 bus:FullAccounts 2022-05-01 2023-04-30 02903821 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 02903821 bus:RegisteredOffice 2022-05-01 2023-04-30 02903821 bus:CompanySecretary1 2022-05-01 2023-04-30 02903821 bus:Director1 2022-05-01 2023-04-30 02903821 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 02903821 core:FurnitureFittingsToolsEquipment 2022-05-01 2023-04-30 02903821 core:MotorCars 2022-05-01 2023-04-30 02903821 core:MotorVehicles 2022-05-01 2023-04-30 02903821 core:OtherPropertyPlantEquipment 2022-05-01 2023-04-30 02903821 core:PlantMachinery 2022-05-01 2023-04-30 02903821 countries:EnglandWales 2022-05-01 2023-04-30 02903821 2022-04-30 02903821 core:FurnitureFittingsToolsEquipment 2022-04-30 02903821 core:MotorVehicles 2022-04-30 02903821 core:OtherPropertyPlantEquipment 2022-04-30 02903821 2021-05-01 2022-04-30 02903821 2022-04-30 02903821 core:OtherReservesSubtotal 2022-04-30 02903821 core:RetainedEarningsAccumulatedLosses 2022-04-30 02903821 core:ShareCapital 2022-04-30 02903821 core:CurrentFinancialInstruments 2022-04-30 02903821 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 02903821 core:FurnitureFittingsToolsEquipment 2022-04-30 02903821 core:MotorVehicles 2022-04-30 02903821 core:OtherPropertyPlantEquipment 2022-04-30 iso4217:GBP xbrli:pure

Registration number: 02903821


BMB Engineers (Newcastle) Limited

Directors' Report and Unaudited Financial Statements

for the Year Ended 30 April 2023

 

BMB Engineers (Newcastle) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

BMB Engineers (Newcastle) Limited

Company Information

Director

Mr S A Bradburn

Company secretary

Mrs M Bradburn

Registered office

96 Millrise Road
Milton
Stoke On Trent
Staffordshire
ST2 7DN

Accountants

Howsons
Chartered Accountants
Winton House
Stoke Road
Stoke on Trent
Staffordshire
ST4 2RW

 

BMB Engineers (Newcastle) Limited

(Registration number: 02903821)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

163,106

130,664

Investment property

5

200,000

200,000

 

363,106

330,664

Current assets

 

Stocks

36,264

12,852

Debtors

7

60,474

83,474

Other financial assets

6

72,655

67,650

Cash at bank and in hand

 

266,524

249,767

 

435,917

413,743

Creditors: Amounts falling due within one year

8

(192,392)

(193,567)

Net current assets

 

243,525

220,176

Total assets less current liabilities

 

606,631

550,840

Provisions for liabilities

(28,017)

(24,826)

Net assets

 

578,614

526,014

Capital and reserves

 

Called up share capital

1,000

1,000

Other reserves

131,870

131,870

Retained earnings

445,744

393,144

Shareholders' funds

 

578,614

526,014

For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of Financial Reporting Standard 102 (FRS 102) Section 1A - small entities.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

BMB Engineers (Newcastle) Limited

(Registration number: 02903821)
Balance Sheet as at 30 April 2023

Approved and authorised by the director on 22 January 2024
 

.........................................
Mr S A Bradburn
Director

   
     
 

BMB Engineers (Newcastle) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
96 Millrise Road
Milton
Stoke On Trent
Staffordshire
ST2 7DN

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's presentational currency is pound sterling (£). The accounts are rounded to the nearest whole pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

BMB Engineers (Newcastle) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

10% reducing balance method

Fixtures and fittings

25% on written down value

Motor vehicles

25% on written down value

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The director uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

BMB Engineers (Newcastle) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Financial instruments

Classification
Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 Recognition and measurement
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit and loss.

 Impairment
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised in the profit or loss.

Financial assets are derecognised when a) the contractual rights to the cash flows from the asset expire or are settled, or b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2022 - 7).

 

BMB Engineers (Newcastle) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other property, plant and equipment
 £

Total
£

Cost or valuation

At 1 May 2022

16,063

47,115

320,712

383,890

Additions

-

-

55,846

55,846

Disposals

-

-

(45,839)

(45,839)

At 30 April 2023

16,063

47,115

330,719

393,897

Depreciation

At 1 May 2022

15,202

24,670

213,354

253,226

Charge for the year

215

5,611

15,147

20,973

Eliminated on disposal

-

-

(43,408)

(43,408)

At 30 April 2023

15,417

30,281

185,093

230,791

Carrying amount

At 30 April 2023

646

16,834

145,626

163,106

At 30 April 2022

861

22,445

107,358

130,664

5

Investment properties

2023
£

At 1 May & at 30 April

200,000

There has been no valuation of investment property by an independent valuer.

 

BMB Engineers (Newcastle) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

6

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Current financial assets

Cost or valuation

At 1 May 2022

67,650

Fair value adjustments

2,846

Additions

2,159

At 30 April 2023

72,655

Carrying amount

At 30 April 2023

72,655

7

Debtors

2023
£

2022
£

Trade debtors

56,964

81,222

Prepayments

3,510

2,252

 

60,474

83,474

8

Creditors

2023
£

2022
£

Due within one year

Trade creditors

27,730

28,806

Taxation and social security

17,926

13,404

Other creditors

16,877

18,966

HP and finance lease liabilities

-

11,667

Directors' loan account

129,859

120,724

192,392

193,567