Company Registration No. SC354884 (Scotland)
B&M JOINERS (EDINBURGH) LTD
Unaudited accounts
for the year ended 29 February 2024
B&M JOINERS (EDINBURGH) LTD
Unaudited accounts
Contents
B&M JOINERS (EDINBURGH) LTD
Company Information
for the year ended 29 February 2024
Director
Mr Danny McGuiness
Company Number
SC354884 (Scotland)
Registered Office
13-15 Rodney Street
G15 6NQ
Edinburgh
EH7 4EN
Scotland
Accountants
Calculo Ltd
Red Tree Magenta
270 Glasgow Road
Glasgow
G73 1SA
B&M JOINERS (EDINBURGH) LTD
Statement of financial position
as at 29 February 2024
Intangible assets
16,000
24,000
Tangible assets
59,873
66,661
Cash at bank and in hand
95,818
109,928
Creditors: amounts falling due within one year
(41,126)
(23,293)
Net current assets
80,575
86,635
Total assets less current liabilities
203,518
224,366
Creditors: amounts falling due after more than one year
(87,781)
(115,275)
Net assets
115,737
109,091
Called up share capital
100
100
Profit and loss account
115,637
108,991
Shareholders' funds
115,737
109,091
For the year ending 29 February 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 August 2024 and were signed on its behalf by
Mr Danny McGuiness
Director
Company Registration No. SC354884
B&M JOINERS (EDINBURGH) LTD
Notes to the Accounts
for the year ended 29 February 2024
B&M JOINERS (EDINBURGH) LTD is a private company, limited by shares, registered in Scotland, registration number SC354884. The registered office is 13-15 Rodney Street, G15 6NQ, Edinburgh, EH7 4EN, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
20% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 29 February 2024
80,000
At 29 February 2024
64,000
At 29 February 2024
16,000
At 28 February 2023
24,000
B&M JOINERS (EDINBURGH) LTD
Notes to the Accounts
for the year ended 29 February 2024
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
84,528
2,414
1,172
88,114
At 29 February 2024
84,528
2,414
1,172
88,114
At 1 March 2023
19,544
1,504
405
21,453
Charge for the year
6,498
137
153
6,788
At 29 February 2024
26,042
1,641
558
28,241
At 29 February 2024
58,486
773
614
59,873
At 28 February 2023
64,984
910
767
66,661
6
Investments
Subsidiary undertakings
Valuation at 1 March 2023
47,070
Valuation at 29 February 2024
47,070
Amounts falling due within one year
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,808
5,028
Taxes and social security
23,629
9,867
9
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
29,366
46,444
B&M JOINERS (EDINBURGH) LTD
Notes to the Accounts
for the year ended 29 February 2024
10
Average number of employees
During the year the average number of employees was 7 (2023: 7).