IRIS Accounts Production v24.2.0.383 OC368989 designated member 1.1.23 31.12.23 31.12.23 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3689892022-12-31OC3689892023-12-31OC3689892023-01-012023-12-31OC3689892021-12-31OC3689892022-01-012022-12-31OC3689892022-12-31OC368989ns15:EnglandWales2023-01-012023-12-31OC368989ns14:PoundSterling2023-01-012023-12-31OC368989ns10:PartnerLLP12023-01-012023-12-31OC368989ns10:LimitedLiabilityPartnershipLLP2023-01-012023-12-31OC368989ns10:SmallEntities2023-01-012023-12-31OC368989ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-31OC368989ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31OC368989ns10:LimitedLiabilityPartnershipsSORP2023-01-012023-12-31OC368989ns10:FullAccounts2023-01-012023-12-31OC36898912023-01-012023-12-31OC368989ns10:PartnerLLP22023-01-012023-12-31OC368989ns10:PartnerLLP32023-01-012023-12-31OC368989ns10:PartnerLLP42023-01-012023-12-31OC368989ns10:PartnerLLP52023-01-012023-12-31OC368989ns10:RegisteredOffice2023-01-012023-12-31OC368989ns5:CurrentFinancialInstruments2023-12-31OC368989ns5:CurrentFinancialInstruments2022-12-31OC368989ns5:Non-currentFinancialInstruments2023-12-31OC368989ns5:Non-currentFinancialInstruments2022-12-31OC368989ns5:NetGoodwill2023-01-012023-12-31OC368989ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-31OC368989ns5:PlantMachinery2023-01-012023-12-31OC368989ns5:MotorVehicles2023-01-012023-12-31OC368989ns5:NetGoodwill2022-12-31OC368989ns5:NetGoodwill2023-12-31OC368989ns5:NetGoodwill2022-12-31OC368989ns5:PlantMachinery2022-12-31OC368989ns5:MotorVehicles2022-12-31OC368989ns5:PlantMachinery2023-12-31OC368989ns5:MotorVehicles2023-12-31OC368989ns5:PlantMachinery2022-12-31OC368989ns5:MotorVehicles2022-12-31OC368989ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31OC368989ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: OC368989 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BMS ELECTRICAL CONTRACTORS (KENT) LLP

BMS ELECTRICAL CONTRACTORS (KENT) LLP (REGISTERED NUMBER: OC368989)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BMS ELECTRICAL CONTRACTORS (KENT) LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DESIGNATED MEMBERS: B Collins
Mrs S Collins
BMS Holdings (S.E.) Limited
S M Collins
S Huckstepp





REGISTERED OFFICE: 30/34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: OC368989 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

BMS ELECTRICAL CONTRACTORS (KENT) LLP (REGISTERED NUMBER: OC368989)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 300,539 52,437
Investment property 6 14,345 21,518
314,884 73,955

CURRENT ASSETS
Stocks 7 22,164 26,000
Debtors 8 486,018 463,307
Cash at bank 160,677 224,734
668,859 714,041
CREDITORS
Amounts falling due within one year 9 (334,563 ) (365,184 )
NET CURRENT ASSETS 334,296 348,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

649,180

422,812

CREDITORS
Amounts falling due after more than one
year

10

(203,479

)

-
NET ASSETS ATTRIBUTABLE TO
MEMBERS

445,701

422,812

LOANS AND OTHER DEBTS DUE TO
MEMBERS

11

445,701

422,812

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 11 445,701 422,812
Amounts due from members 8 (70,570 ) (85,320 )
375,131 337,492

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 December 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

BMS ELECTRICAL CONTRACTORS (KENT) LLP (REGISTERED NUMBER: OC368989)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 20 September 2024 and were signed by:





B Collins - Designated member

BMS ELECTRICAL CONTRACTORS (KENT) LLP (REGISTERED NUMBER: OC368989)

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

1. STATUTORY INFORMATION

BMS Electrical Contractors (Kent) LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
No significant judgements have had to be made by management in preparing these financial statements.

There were no key assumptions made concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

BMS ELECTRICAL CONTRACTORS (KENT) LLP (REGISTERED NUMBER: OC368989)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 261,296
AMORTISATION
At 1 January 2023
and 31 December 2023 261,296
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

BMS ELECTRICAL CONTRACTORS (KENT) LLP (REGISTERED NUMBER: OC368989)

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

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 64,122 101,009 165,131
Additions 3,263 350,040 353,303
Disposals - (71,859 ) (71,859 )
At 31 December 2023 67,385 379,190 446,575
DEPRECIATION
At 1 January 2023 42,163 70,531 112,694
Charge for year 6,306 47,332 53,638
Eliminated on disposal - (20,296 ) (20,296 )
At 31 December 2023 48,469 97,567 146,036
NET BOOK VALUE
At 31 December 2023 18,916 281,623 300,539
At 31 December 2022 21,959 30,478 52,437

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 28,691
DEPRECIATION
At 1 January 2023 7,173
Charge for year 7,173
At 31 December 2023 14,346
NET BOOK VALUE
At 31 December 2023 14,345
At 31 December 2022 21,518

7. STOCKS
2023 2022
£    £   
Stocks 22,164 26,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 205,562 191,118
Other debtors 280,456 272,189
486,018 463,307

BMS ELECTRICAL CONTRACTORS (KENT) LLP (REGISTERED NUMBER: OC368989)

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

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 21,845 52,732
Trade creditors 145,083 111,870
Taxation and social security 19,693 14,544
Other creditors 147,942 186,038
334,563 365,184

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 203,479 -

11. LOANS AND OTHER DEBTS DUE TO MEMBERS

The amounts in ‘Loans and other debts due to members’ (other than members’ capital classified as debt) would rank below any amounts in relation to other creditors who are unsecured in the event of a winding up. There is no protection afforded to other creditors in such an event which is legally enforceable and cannot be revoked solely by a decision of the members. There are no restrictions or limitations in existence on the ability of the members to reduce the amount of ‘Members’ other interests’.