BMS (LDN) Limited Filleted Accounts Cover
BMS (LDN) Limited
Company No. 11837424
Information for Filing with The Registrar
31 March 2024
BMS (LDN) Limited Balance Sheet Registrar
at
31 March 2024
Company No.
11837424
Notes
2024
2023
£
£
Fixed assets
Intangible assets
4
-20
Tangible assets
5
134,50784,901
134,50784,921
Current assets
Debtors
6
89,386414,169
Cash at bank and in hand
286,938122,494
376,324536,663
Creditors: Amount falling due within one year
7
(170,347)
(540,428)
Net current assets/(liabilities)
205,977
(3,765)
Total assets less current liabilities
340,48481,156
Creditors: Amounts falling due after more than one year
8
(120,349)
(64,922)
Provisions for liabilities
Deferred taxation
(33,628)
(16,132)
Net assets
186,507102
Capital and reserves
Called up share capital
100100
Profit and loss account
10
186,4072
Total equity
186,507102
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 19 August 2024 and signed on its behalf by:
C.D. Lindsay
Director
19 August 2024
BMS (LDN) Limited Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
BMS (LDN) Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 11837424
Its registered office is:
Ebenezer House
5a Poole Road
Bournemouth
Dorset
BH2 5QJ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Furniture, fittings and equipment
25% Reducing balance
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Intangible fixed assets
Goodwill
Total
£
£
Cost
At 1 April 2023
100100
At 31 March 2024
100100
Amortisation and impairment
At 1 April 2023
8080
Charge for the year
2020
At 31 March 2024
100100
Net book values
At 31 March 2024
--
At 31 March 2023
2020
Goodwill is being amortised over a period of 5 years.
5
Tangible fixed assets
Plant and machinery
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
£
Cost or revaluation
At 1 April 2023
4,524106,5555,621116,700
Additions
4,337102,4732,057108,867
Disposals
-
(53,400)
-
(53,400)
At 31 March 2024
8,861155,6287,678172,167
Depreciation
At 1 April 2023
1,20627,9892,60431,799
Charge for the year
1,60530,0911,04732,743
Disposals
-
(26,882)
-
(26,882)
At 31 March 2024
2,81131,1983,65137,660
Net book values
At 31 March 2024
6,050124,4304,027134,507
At 31 March 2023
3,318
78,566
3,017
84,901
6
Debtors
2024
2023
£
£
Trade debtors
-254,201
Loans to directors
81,386141,963
Other debtors
373145
Prepayments and accrued income
7,62717,860
89,386414,169
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,00010,000
Obligations under finance lease and hire purchase contracts
12,4384,539
Trade creditors
23,550278,102
Taxes and social security
115,359
32,926
Accruals and deferred income
9,000214,861
170,347540,428
8
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
11,66721,667
Obligations under finance lease and hire purchase contracts
108,68243,255
120,34964,922
9
Share Capital
Mr C D Lindsay and Mrs G Lindsay each hold a 50% interest in the issued share capital of the company. The issued share capital is 100 ordinary shares of £1.00 each.
10
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
11
Dividends
2024
2023
£
£
Dividends for the period:
Dividends paid in the period
172,100
36,160
172,100
36,160
Dividends by type:
Equity dividends
172,10036,160
172,100
36,160
12
Advances and credits to directors
2024
£
At 1 April 2023
141,963
Advanced in the period
711,523
Amounts repaid in the period
772,100
At 31 March 2024
81,386
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