Company registration number 08520970 (England and Wales)
BMH IT Solutions Ltd
Unaudited financial statements
financial statements
for the year ended 31 May 2023
PAGES FOR FILING WITH REGISTRAR
BMH IT Solutions Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
BMH IT Solutions Ltd
Statement of financial position
as at 31 May 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
10,000
-
0
Current assets
Debtors
4
33,057
117,317
Cash at bank and in hand
18,357
27,443
51,414
144,760
Creditors: amounts falling due within one year
5
(52,161)
(139,867)
Net current (liabilities)/assets
(747)
4,893
Net assets
9,253
4,893
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
9,153
4,793
Total equity
9,253
4,893

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 3 November 2023 and are signed on its behalf by:
S Booth
Director
Company Registration No. 08520970
BMH IT Solutions Ltd
Notes to the financial statements
for the year ended 31 May 2023
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
25% reducing balance
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
5
5
BMH IT Solutions Ltd
Notes to the financial statements (continued)
for the year ended 31 May 2023
- 3 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2022
-
0
Additions
13,490
At 31 May 2023
13,490
Depreciation and impairment
At 1 June 2022
-
0
Depreciation charged in the year
3,490
At 31 May 2023
3,490
Carrying amount
At 31 May 2023
10,000
At 31 May 2022
-
0
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
27,776
112,036
Other debtors
5,281
5,281
33,057
117,317
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
882
886
Corporation tax
12,136
15,733
Other taxation and social security
15,588
37,862
Other creditors
23,555
85,386
52,161
139,867
6
Company information

BMH IT Solutions Ltd is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.

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