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REGISTERED NUMBER: SC499670 (Scotland)















Financial Statements for the Year Ended 30 April 2024

for

BBM Solicitors Limited

BBM Solicitors Limited (Registered number: SC499670)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BBM Solicitors Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: E M Baijal
Ms J M Simpson





REGISTERED OFFICE: Unit 5B
Wick Business Park
Wick
Caithness
KW1 4QR





REGISTERED NUMBER: SC499670 (Scotland)





ACCOUNTANTS: Reid & Fraser
Chartered Accountants
15 Princes Street
Thurso
Caithness
KW14 7BQ

BBM Solicitors Limited (Registered number: SC499670)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,200 4,400
Tangible assets 5 401,341 6,119
403,541 10,519

CURRENT ASSETS
Stocks 119,000 155,577
Debtors 6 234,143 255,085
Cash at bank and in hand 492,551 1,043,937
845,694 1,454,599
CREDITORS
Amounts falling due within one year 7 (833,754 ) (1,348,951 )
NET CURRENT ASSETS 11,940 105,648
TOTAL ASSETS LESS CURRENT
LIABILITIES

415,481

116,167

CREDITORS
Amounts falling due after more than one
year

8

(110,500

)

(20,833

)

PROVISIONS FOR LIABILITIES (75,160 ) (1,383 )
NET ASSETS 229,821 93,951

CAPITAL AND RESERVES
Called up share capital 23 23
Revaluation reserve 9 209,479 -
Retained earnings 20,319 93,928
SHAREHOLDERS' FUNDS 229,821 93,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

BBM Solicitors Limited (Registered number: SC499670)

Balance Sheet - continued
30 April 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 Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





E M Baijal - Director


BBM Solicitors Limited (Registered number: SC499670)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

BBM Solicitors Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

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 2015, 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 each asset over its estimated useful life.
Plant and machinery etc - 25% straight line, 15% reducing balance and 10% straight line

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

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.

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
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.

BBM Solicitors Limited (Registered number: SC499670)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 22,000
AMORTISATION
At 1 May 2023 17,600
Charge for year 2,200
At 30 April 2024 19,800
NET BOOK VALUE
At 30 April 2024 2,200
At 30 April 2023 4,400

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Computer
property property machinery equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 May 2023 - 14,991 17,120 11,484 43,595
Additions 100,695 - 13,687 5,249 119,631
Disposals - - - (329 ) (329 )
Revaluations 279,305 - - - 279,305
At 30 April 2024 380,000 14,991 30,807 16,404 442,202
DEPRECIATION
At 1 May 2023 - 14,408 14,719 8,349 37,476
Charge for year - 583 979 2,152 3,714
Eliminated on disposal - - - (329 ) (329 )
At 30 April 2024 - 14,991 15,698 10,172 40,861
NET BOOK VALUE
At 30 April 2024 380,000 - 15,109 6,232 401,341
At 30 April 2023 - 583 2,401 3,135 6,119

BBM Solicitors Limited (Registered number: SC499670)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 April 2024 is represented by:

Improvements
Freehold to Plant and Computer
property property machinery equipment Totals
£    £    £    £    £   
Valuation in 2024 279,305 - - - 279,305
Cost 100,695 14,991 30,807 16,404 162,897
380,000 14,991 30,807 16,404 442,202

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 100,695 -

Value of land in freehold land and buildings 100,695 -

Freehold property was valued on an open market basis on 22 March 2024 by NossTech Property Services .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 186,722 201,888
Other debtors 47,421 53,197
234,143 255,085

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 164,094 67,933
Trade creditors 26,722 9,126
Taxation and social security 132,535 162,212
Other creditors 510,403 1,109,680
833,754 1,348,951

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 110,500 20,833

BBM Solicitors Limited (Registered number: SC499670)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. RESERVES
Revaluation
reserve
£   
Revaluation of property 209,479

At 30 April 2024 209,479

The revaluation reserve represents the surplus on revaluation of freehold property, net of the associated deferred tax provision.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
E M Baijal
Balance outstanding at start of year 9,348 8,411
Amounts advanced 263,355 184,442
Amounts repaid (272,703 ) (183,505 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,348

Ms J M Simpson
Balance outstanding at start of year - 428
Amounts repaid - (428 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -