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REGISTERED NUMBER: 03240643 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

BM Colour (UK) Limited

BM Colour (UK) Limited (Registered number: 03240643)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


BM Colour (UK) Limited (Registered number: 03240643)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 11,298 15,065

CURRENT ASSETS
Stocks 5 6,909 2,733
Debtors 6 19,988 15,468
Cash at bank and in hand 10,491 4,972
37,388 23,173
CREDITORS
Amounts falling due within one year 7 (28,005 ) (19,998 )
NET CURRENT ASSETS 9,383 3,175
TOTAL ASSETS LESS CURRENT LIABILITIES 20,681 18,240

CREDITORS
Amounts falling due after more than one
year

8

(15,212

)

(20,213

)

PROVISIONS FOR LIABILITIES (2,825 ) (2,862 )
NET ASSETS/(LIABILITIES) 2,644 (4,835 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,544 (4,935 )
SHAREHOLDERS' FUNDS 2,644 (4,835 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BM Colour (UK) Limited (Registered number: 03240643)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 17 July 2024 and were signed by:





Mr P Byrom - Director


BM Colour (UK) Limited (Registered number: 03240643)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

BM Colour (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03240643

Registered office: Unit 20, Hillgate Business Centre
Swallow Street
Stockport
Cheshire
SK1 3AU

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 net of VAT.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off 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 cost
Fixtures and fittings - 25% on reducing balance

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

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.


BM Colour (UK) Limited (Registered number: 03240643)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023 28,692 143,216 171,908
Transfer to ownership (11,710 ) - (11,710 )
Reclassification/transfer 11,710 - 11,710
At 31 March 2024 28,692 143,216 171,908
DEPRECIATION
At 1 April 2023 15,106 141,737 156,843
Charge for year 3,397 370 3,767
At 31 March 2024 18,503 142,107 160,610
NET BOOK VALUE
At 31 March 2024 10,189 1,109 11,298
At 31 March 2023 13,586 1,479 15,065

BM Colour (UK) Limited (Registered number: 03240643)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:
Plant and
machinery
£   
COST
At 1 April 2023 11,710
Transfer to ownership (11,710 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 11,710
Transfer to ownership (11,710 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 6,909 2,733

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 15,673 10,448
Other debtors 4,315 5,020
19,988 15,468

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 2,000 2,000
Finance leases (see note 9) - 228
Trade creditors 10,534 4,370
Taxation and social security 751 -
Other creditors 14,720 13,400
28,005 19,998

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 2,333 4,148
Other creditors 12,879 16,065
15,212 20,213

BM Colour (UK) Limited (Registered number: 03240643)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 3,879 7,065

9. LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Finance leases
31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year - 228