IRIS Accounts Production v24.2.0.383 08230494 Board of Directors 1.1.23 31.12.23 31.12.23 true false true false false true false Ordinary 1.00000 Ordinary B 0.01000 Ordinary C 0.01000 40077 50083 40077 10006 40077 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh082304942022-12-31082304942023-12-31082304942023-01-012023-12-31082304942021-12-31082304942022-01-012022-12-31082304942022-12-3108230494ns15:EnglandWales2023-01-012023-12-3108230494ns14:PoundSterling2023-01-012023-12-3108230494ns10:Director12023-01-012023-12-3108230494ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3108230494ns10:SmallEntities2023-01-012023-12-3108230494ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3108230494ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3108230494ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3108230494ns10:FullAccounts2023-01-012023-12-3108230494ns10:OrdinaryShareClass12023-01-012023-12-3108230494ns10:OrdinaryShareClass22023-01-012023-12-3108230494ns10:OrdinaryShareClass32023-01-012023-12-310823049442ns10:Director22022-12-310823049442ns10:Director22021-12-310823049442ns10:Director22023-01-012023-12-310823049442ns10:Director22022-01-012022-12-310823049442ns10:Director22022-12-3108230494ns10:Director22023-01-012023-12-3108230494ns10:Director32023-01-012023-12-3108230494ns10:RegisteredOffice2023-01-012023-12-3108230494ns5:CurrentFinancialInstruments2023-12-3108230494ns5:CurrentFinancialInstruments2022-12-3108230494ns5:Non-currentFinancialInstruments2023-12-3108230494ns5:Non-currentFinancialInstruments2022-12-3108230494ns5:ShareCapital2023-12-3108230494ns5:ShareCapital2022-12-3108230494ns5:SharePremium2023-12-3108230494ns5:SharePremium2022-12-3108230494ns5:CapitalRedemptionReserve2023-12-3108230494ns5:CapitalRedemptionReserve2022-12-3108230494ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-3108230494ns5:FurtherSpecificReserve1ComponentTotalEquity2022-12-3108230494ns5:RetainedEarningsAccumulatedLosses2023-12-3108230494ns5:RetainedEarningsAccumulatedLosses2022-12-3108230494ns5:ComputerEquipment2023-01-012023-12-3108230494ns5:ComputerEquipment2022-12-3108230494ns5:ComputerEquipment2023-12-3108230494ns5:ComputerEquipment2022-12-3108230494ns5:CostValuation2022-12-3108230494ns5:Subsidiary12023-01-012023-12-3108230494ns5:Subsidiary112023-01-012023-12-3108230494ns5:Subsidiary12023-12-3108230494ns5:Subsidiary12022-12-3108230494ns5:Subsidiary12022-01-012022-12-3108230494ns5:Subsidiary22023-01-012023-12-31082304943ns5:Subsidiary22023-01-012023-12-3108230494ns5:Subsidiary242023-01-012023-12-3108230494ns5:Subsidiary22023-12-3108230494ns5:Subsidiary22022-12-3108230494ns5:Subsidiary22022-01-012022-12-3108230494ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3108230494ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3108230494ns5:DeferredTaxation2022-12-3108230494ns5:DeferredTaxation2023-01-012023-12-3108230494ns5:DeferredTaxation2023-12-3108230494ns10:OrdinaryShareClass12023-12-3108230494ns10:OrdinaryShareClass22023-12-3108230494ns10:OrdinaryShareClass32023-12-3108230494ns5:RetainedEarningsAccumulatedLosses2022-12-3108230494ns5:SharePremium2022-12-3108230494ns5:CapitalRedemptionReserve2022-12-3108230494ns5:FurtherSpecificReserve1ComponentTotalEquity2022-12-3108230494ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31082304941ns10:Director12022-12-31082304941ns10:Director12021-12-31082304941ns10:Director12023-01-012023-12-31082304941ns10:Director12022-01-012022-12-31082304941ns10:Director12023-12-31082304941ns10:Director12022-12-31
REGISTERED NUMBER: 08230494 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BAMUK GROUP LIMITED

BAMUK GROUP LIMITED (REGISTERED NUMBER: 08230494)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAMUK GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: T D Barratt
C I M Barratt
M Blenkinsop





REGISTERED OFFICE: Crowe U.K. LLP
Riverside House
40 - 46 High Street
Maidstone
Kent
ME14 1JH





REGISTERED NUMBER: 08230494 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Riverside House
40-46 High Street
Maidstone
Kent
ME14 1JH

BAMUK GROUP LIMITED (REGISTERED NUMBER: 08230494)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 960 1,280
Investments 5 1,039,862 1,039,862
1,040,822 1,041,142

CURRENT ASSETS
Debtors 6 74,337 110,898
Cash at bank 47,758 25,388
122,095 136,286
CREDITORS
Amounts falling due within one year 7 739,089 760,397
NET CURRENT LIABILITIES (616,994 ) (624,111 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

423,828

417,031

CREDITORS
Amounts falling due after more than one
year

8

-

(20,000

)

PROVISIONS FOR LIABILITIES 9 (240 ) (243 )
NET ASSETS 423,588 396,788

CAPITAL AND RESERVES
Called up share capital 10 12,002 12,003
Share premium 11 437,700 437,615
Capital redemption reserve 11 94 94
Treasury shares 11 (74,675 ) (64,675 )
Retained earnings 11 48,467 11,751
SHAREHOLDERS' FUNDS 423,588 396,788

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

BAMUK GROUP LIMITED (REGISTERED NUMBER: 08230494)

BALANCE SHEET - continued
31 DECEMBER 2023


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 9 September 2024 and were signed on its behalf by:





T D Barratt - Director


BAMUK GROUP LIMITED (REGISTERED NUMBER: 08230494)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

BAMUK Group Limited 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.

Going concern
Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The directors confirm that they consider that the going concern basis remains appropriate. The directors believe that the company has sufficient resources to continue in operational existence for the foreseeable future. The directors believe this to be the case as the company has positive cash balances and no significant long term liabilities. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost, less any provision for impairment deemed necessary by the directors.

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.

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.

BAMUK GROUP LIMITED (REGISTERED NUMBER: 08230494)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate or return on outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with no significant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

Financial reporting standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
- the requirements of Section 7 Statement of Cash Flows;
- the requirements of Section 3 Financial Statement Presentation paragraph 3.17 (d);
- the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A;
- the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.29;
- the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
- the requirements of Section 33 Related Party Disclosures paragraph 33.7.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 January 2023
and 31 December 2023 1,746
DEPRECIATION
At 1 January 2023 466
Charge for year 320
At 31 December 2023 786
NET BOOK VALUE
At 31 December 2023 960
At 31 December 2022 1,280

BAMUK GROUP LIMITED (REGISTERED NUMBER: 08230494)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1,039,862
NET BOOK VALUE
At 31 December 2023 1,039,862
At 31 December 2022 1,039,862

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Contracts Engineering Limited
Registered office: United Kingdom
Nature of business: Manufacture of metal structures
%
Class of shares: holding
Ordinary 100.00
2023 2022
£    £   
Aggregate capital and reserves 832,992 711,285
Profit for the year 281,707 296,055

Furnitubes International Limited
Registered office: United Kingdom
Nature of business: Manufacture of other furniture
%
Class of shares: holding
Ordinary 100.00
Ordinary A 100.00
2023 2022
£    £   
Aggregate capital and reserves 663,453 628,212
Profit/(loss) for the year 35,241 (72,404 )

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 47,549 47,549
Other debtors 26,788 63,349
74,337 110,898

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 25,122 10,764
Amounts owed to group undertakings 676,846 698,374
Taxation and social security 12,534 26,748
Other creditors 24,587 24,511
739,089 760,397

BAMUK GROUP LIMITED (REGISTERED NUMBER: 08230494)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors - 20,000

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 240 243

Deferred
tax
£   
Balance at 1 January 2023 243
Credit to Income Statement during year (3 )
Balance at 31 December 2023 240

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
11,997 Ordinary £1.00 11,997 11,997
2 Ordinary B £0.01 - 1
458 Ordinary C £0.01 5 5
12,002 12,003

Ordinary shares have full rights in the company with respect to voting, dividends and distributions. Each share ranks equally for any dividend declared and for any distribution made on a winding up. These shares are not redeemable.

Ordinary B and C shares are not entitled to receive notice of or to attend or vote at any general meeting of the company or to receive a copy of or to vote on any written resolution of the company. Ordinary B and C shares are entitled to participate in any profits of the company that are available for distribution, which are declared at the discretion of the board of directors of the company. Ordinary B and C shares are also entitled to participate in any returns of the assets of the company, after payment of its liabilities, on liquidation or capital reduction or otherwise in accordance with article 13.4.

During the year the company bought back 118 Ordinary B shares for £10,000, which is now held in treasury shares. The company also issued 2 Ordinary B shares at a premium of £85.

11. RESERVES
Capital
Retained Share redemption Treasury
earnings premium reserve shares Totals
£    £    £    £    £   

At 1 January 2023 11,751 437,615 94 (64,675 ) 384,785
Profit for the year 151,716 151,716
Dividends (115,000 ) (115,000 )
Purchase of own shares - - - (10,000 ) (10,000 )
Cash share issue - 85 - - 85
At 31 December 2023 48,467 437,700 94 (74,675 ) 411,586

BAMUK GROUP LIMITED (REGISTERED NUMBER: 08230494)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


12. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charged represents contributions payable by the company during the year to the fund and amounted to £11,985 (2022: £4,780). At the year end date, £nil (2022: £nil) was owed by the company to the fund.

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
T D Barratt and C I M Barratt
Balance outstanding at start of year 40,077 50,083
Amounts repaid (40,077 ) (10,006 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 40,077

14. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Blenkinsop Consulting Limited is an associated company of BAMUK Group Limited by virtue of common directors. During the year, BAMUK Group Limited purchased consultancy services (inclusive of expenses) from Blenkinsop Consulting Limited for £12,317 (2022: £11,403). At the balance sheet date, £4,200 (2022: £1,969) was due to Blenkinsop Consulting Limited.

During the year, dividends of £53,029 (2022: £90,090) were declared to Barratt Asset Management UK Ltd by virtue of its shareholding. Barratt Asset Management UK Ltd is the parent company of BAMUK Group Limited.

15. ULTIMATE CONTROLLING PARTY

The parent company is Barratt Asset Management UK Limited, a company registered in England and Wales. The directors consider Tand C Barratt to be the ultimate controlling party.