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REGISTERED NUMBER: 04196743 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

B.M.S. Kitchens & Bedrooms Limited

B.M.S. Kitchens & Bedrooms Limited (Registered number: 04196743)






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


B.M.S. Kitchens & Bedrooms Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: K Harman





REGISTERED OFFICE: BMS House
Becklands Park Industrial Estate
York Road
Market Weighton
YO43 3GA





REGISTERED NUMBER: 04196743 (England and Wales)






B.M.S. Kitchens & Bedrooms Limited (Registered number: 04196743)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 541,916 493,584

CURRENT ASSETS
Stocks 142,875 110,004
Debtors 5 143,956 171,643
Cash at bank 47,385 123,094
334,216 404,741
CREDITORS
Amounts falling due within one year 6 183,215 239,719
NET CURRENT ASSETS 151,001 165,022
TOTAL ASSETS LESS CURRENT
LIABILITIES

692,917

658,606

CREDITORS
Amounts falling due after more than one
year

7

(58,583

)

(65,832

)

PROVISIONS FOR LIABILITIES (47,834 ) (48,872 )
NET ASSETS 586,500 543,902

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 586,400 543,802
SHAREHOLDERS' FUNDS 586,500 543,902

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 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.

B.M.S. Kitchens & Bedrooms Limited (Registered number: 04196743)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 September 2024 and were signed by:





K Harman - Director


B.M.S. Kitchens & Bedrooms Limited (Registered number: 04196743)

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

1. STATUTORY INFORMATION

B.M.S. Kitchens & Bedrooms 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of good and services, excluding value added tax.

Revenue Recognition
Revenue is recognised under an exchange transaction with a customer when, and to the extent that, the company receives a right to consideration from its performance.

Part completed contracts at the year-end that fulfil the criteria are included in these financial statements based on their fair value of the right to consideration at the balance sheet date. The value is included in stocks as work-in-progress.

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.
Land and buildings - 2% on cost and not provided
Plant and machinery etc - 33% on cost, 25% on reducing balance, 20% on cost and 15% on reducing balance

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, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which its related revenue is recognised. The amount of any write-down of stocks to net realisable value and losses of stocks are recognised as an expenses in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


B.M.S. Kitchens & Bedrooms Limited (Registered number: 04196743)

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 345,748 342,525 688,273
Additions - 100,059 100,059
Disposals - (13,207 ) (13,207 )
At 30 April 2024 345,748 429,377 775,125
DEPRECIATION
At 1 May 2023 90,643 104,046 194,689
Charge for year 6,176 37,950 44,126
Eliminated on disposal - (5,606 ) (5,606 )
At 30 April 2024 96,819 136,390 233,209
NET BOOK VALUE
At 30 April 2024 248,929 292,987 541,916
At 30 April 2023 255,105 238,479 493,584

Included in cost of land and buildings is freehold land of £ 36,971 (2023 - £ 36,971 ) which is not depreciated.

B.M.S. Kitchens & Bedrooms Limited (Registered number: 04196743)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023 146,835
Additions 29,000
Transfer to ownership (17,995 )
At 30 April 2024 157,840
DEPRECIATION
At 1 May 2023 33,302
Charge for year 16,141
Transfer to ownership (10,983 )
At 30 April 2024 38,460
NET BOOK VALUE
At 30 April 2024 119,380
At 30 April 2023 113,533

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 128,704 151,163
Other debtors 15,252 20,480
143,956 171,643

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 1,345 2,101
Hire purchase contracts 33,845 33,775
Trade creditors 103,186 120,187
Taxation and social security 15,675 32,864
Other creditors 29,164 50,792
183,215 239,719

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 15,779 16,183
Hire purchase contracts 42,804 49,649
58,583 65,832

B.M.S. Kitchens & Bedrooms Limited (Registered number: 04196743)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 17,124 18,284
Hire purchase contracts 76,649 83,424
93,773 101,708

The bank loans are secured by way of a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant and machinery.

Hire purchase balances are secured on the assets to which they relate.

9. RELATED PARTY DISCLOSURES

Rent of £7,600 (2023:£9,000) was paid to a company under the same common control. Included within trade creditors is a balance of £Nil (2023: £Nil) owing to the related party.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K Harman.