4 false false false false false false false false false false true false false false false false false No description of principal activity 2022-11-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 08757166 2022-11-01 2023-10-31 08757166 2023-10-31 08757166 2022-10-31 08757166 2021-11-01 2022-10-31 08757166 2022-10-31 08757166 2021-10-31 08757166 core:PlantMachinery 2022-11-01 2023-10-31 08757166 core:FurnitureFittings 2022-11-01 2023-10-31 08757166 core:MotorVehicles 2022-11-01 2023-10-31 08757166 bus:Director1 2022-11-01 2023-10-31 08757166 core:PlantMachinery 2022-10-31 08757166 core:FurnitureFittings 2022-10-31 08757166 core:MotorVehicles 2022-10-31 08757166 core:PlantMachinery 2023-10-31 08757166 core:FurnitureFittings 2023-10-31 08757166 core:WithinOneYear 2023-10-31 08757166 core:WithinOneYear 2022-10-31 08757166 core:AfterOneYear 2023-10-31 08757166 core:AfterOneYear 2022-10-31 08757166 core:ShareCapital 2023-10-31 08757166 core:ShareCapital 2022-10-31 08757166 core:RetainedEarningsAccumulatedLosses 2023-10-31 08757166 core:RetainedEarningsAccumulatedLosses 2022-10-31 08757166 core:PlantMachinery 2022-10-31 08757166 core:FurnitureFittings 2022-10-31 08757166 bus:Director1 2022-10-31 08757166 bus:Director1 2023-10-31 08757166 bus:Director1 2021-10-31 08757166 bus:Director1 2022-10-31 08757166 bus:Director1 2021-11-01 2022-10-31 08757166 bus:SmallEntities 2022-11-01 2023-10-31 08757166 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 08757166 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08757166 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08757166 bus:FullAccounts 2022-11-01 2023-10-31 08757166 core:OfficeEquipment 2022-11-01 2023-10-31 08757166 core:OfficeEquipment 2022-10-31 08757166 core:OfficeEquipment 2023-10-31
COMPANY REGISTRATION NUMBER: 08757166
BMC Combustion Ltd
Filleted Unaudited Financial Statements
31 October 2023
BMC Combustion Ltd
Statement of Financial Position
31 October 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
2,163
1,640
Current assets
Stocks
68,467
28,111
Debtors
6
177,121
230,931
Cash at bank and in hand
30,014
---------
---------
275,602
259,042
Creditors: amounts falling due within one year
7
167,725
204,328
---------
---------
Net current assets
107,877
54,714
---------
--------
Total assets less current liabilities
110,040
56,354
Creditors: amounts falling due after more than one year
8
11,718
19,531
---------
--------
Net assets
98,322
36,823
---------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
98,320
36,821
--------
--------
Shareholders funds
98,322
36,823
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BMC Combustion Ltd
Statement of Financial Position (continued)
31 October 2023
These financial statements were approved by the board of directors and authorised for issue on 29 April 2024 , and are signed on behalf of the board by:
Mr B Croxall
Director
Company registration number: 08757166
BMC Combustion Ltd
Notes to the Financial Statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Minton Place, Victoria Road, Bicester, Oxon, OX26 6QB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% straight line
Fixtures & Fittings
-
25% straight line
Motor vehicles
-
25% straight line
Office Equipment
-
25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2022: 5 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 November 2022
10,456
1,410
5,417
141
17,424
Additions
1,299
1,299
Disposals
( 5,417)
( 5,417)
--------
-------
-------
-------
--------
At 31 October 2023
10,456
1,410
1,440
13,306
--------
-------
-------
-------
--------
Depreciation
At 1 November 2022
9,550
676
5,417
141
15,784
Charge for the year
363
352
61
776
Disposals
( 5,417)
( 5,417)
--------
-------
-------
-------
--------
At 31 October 2023
9,913
1,028
202
11,143
--------
-------
-------
-------
--------
Carrying amount
At 31 October 2023
543
382
1,238
2,163
--------
-------
-------
-------
--------
At 31 October 2022
906
734
1,640
--------
-------
-------
-------
--------
6. Debtors
2023
2022
£
£
Trade debtors
132,546
218,784
Other debtors
44,575
12,147
---------
---------
177,121
230,931
---------
---------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
24,494
19,210
Trade creditors
60,812
41,651
Corporation tax
20,607
36,236
Social security and other taxes
53,655
99,929
Other creditors
8,157
7,302
---------
---------
167,725
204,328
---------
---------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
11,718
19,531
--------
--------
9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr B Croxall
( 52)
39,745
( 40,100)
( 407)
----
--------
--------
----
2022
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr B Croxall
4,523
35,512
( 40,087)
( 52)
-------
--------
--------
----