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REGISTERED NUMBER: 04818266 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

BMI Plumbing and Heating Ltd.

BMI Plumbing and Heating Ltd. (Registered number: 04818266)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BMI Plumbing and Heating Ltd.

Company Information
for the Year Ended 30 November 2023







DIRECTORS: M Brownrigg
Mrs D Brownrigg





SECRETARY: M Brownrigg





REGISTERED OFFICE: 38A Brieryfield Road
Ashton
Preston
PR1 8SR





REGISTERED NUMBER: 04818266 (England and Wales)





ACCOUNTANTS: Nathans
Chartered Certified Accountants
Trident Business Centre
Amy Johnson Way
Blackpool
Lancashire
FY4 2RP

BMI Plumbing and Heating Ltd. (Registered number: 04818266)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 77,909 68,240
77,909 68,240

CURRENT ASSETS
Stocks 6 1,500 1,500
Debtors 7 123,021 220,380
Cash at bank 163,913 117,165
288,434 339,045
CREDITORS
Amounts falling due within one year 8 (150,085 ) (162,455 )
NET CURRENT ASSETS 138,349 176,590
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,258

244,830

CREDITORS
Amounts falling due after more than
one year

9

(26,891

)

(35,146

)

PROVISIONS FOR LIABILITIES (14,634 ) (7,014 )
NET ASSETS 174,733 202,670

BMI Plumbing and Heating Ltd. (Registered number: 04818266)

Balance Sheet - continued
30 November 2023

30.11.23 30.11.22
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 130 130
Retained earnings 174,603 202,540
174,733 202,670

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 25 July 2024 and were signed on its behalf by:





M Brownrigg - Director


BMI Plumbing and Heating Ltd. (Registered number: 04818266)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

BMI Plumbing and Heating Ltd. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of 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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


BMI Plumbing and Heating Ltd. (Registered number: 04818266)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 50,000
AMORTISATION
At 1 December 2022
and 30 November 2023 50,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

BMI Plumbing and Heating Ltd. (Registered number: 04818266)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 22,860 6,632 119,364 7,252 156,108
Additions 2,227 - 33,450 3,122 38,799
Disposals - - (19,750 ) - (19,750 )
At 30 November 2023 25,087 6,632 133,064 10,374 175,157
DEPRECIATION
At 1 December 2022 17,478 3,454 59,684 7,252 87,868
Charge for year 1,823 476 16,833 1,030 20,162
Eliminated on disposal - - (10,782 ) - (10,782 )
At 30 November 2023 19,301 3,930 65,735 8,282 97,248
NET BOOK VALUE
At 30 November 2023 5,786 2,702 67,329 2,092 77,909
At 30 November 2022 5,382 3,178 59,680 - 68,240

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2022 34,324
Additions 31,450
Disposals (17,750 )
Reclassification/transfer 29,916
At 30 November 2023 77,940
DEPRECIATION
At 1 December 2022 22,151
Charge for year 7,331
Eliminated on disposal (10,782 )
At 30 November 2023 18,700
NET BOOK VALUE
At 30 November 2023 59,240
At 30 November 2022 12,173

BMI Plumbing and Heating Ltd. (Registered number: 04818266)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. STOCKS
30.11.23 30.11.22
£    £   
Work-in-progress 1,500 1,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 113,224 180,426
Other debtors 9,797 39,954
123,021 220,380

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 9,688 9,688
Hire purchase contracts 21,940 4,802
Trade creditors 103,407 145,957
Taxation and social security 7,331 1,008
Other creditors 7,719 1,000
150,085 162,455

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 17,882 27,426
Hire purchase contracts 9,009 7,720
26,891 35,146

10. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Hire purchase contracts 30,949 12,522

Hire Purchase debts are secured on the assets to which they relate.

BMI Plumbing and Heating Ltd. (Registered number: 04818266)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
M Brownrigg
Balance outstanding at start of year - -
Amounts advanced 28,417 17,100
Amounts repaid (28,417 ) (17,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mrs D Brownrigg
Balance outstanding at start of year - -
Amounts advanced 17,424 12,636
Amounts repaid (17,424 ) (12,636 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

I S Morton
Balance outstanding at start of year - -
Amounts advanced 16,686 15,124
Amounts repaid (16,686 ) (15,124 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

No formal terms exist for the provision of Directors loan accounts. No interest is charged regardless of the balance and overdrawn balances are repayable upon demand.

12. ULTIMATE CONTROLLING PARTY

The controlling party is M Brownrigg.

The ultimate controlling party is M Brownrigg.