Relate AccountsProduction v2.7.3 v2.7.3 2023-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company continues to be that of organising conferences and publishing books and directories. 9 September 2024 NI030786 2024-03-31 NI030786 2023-03-31 NI030786 2022-03-31 NI030786 2023-04-01 2024-03-31 NI030786 2022-04-01 2023-03-31 NI030786 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI030786 uk-curr:PoundSterling 2023-04-01 2024-03-31 NI030786 uk-bus:AbridgedAccounts 2023-04-01 2024-03-31 NI030786 uk-bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 NI030786 uk-bus:Director2 2023-04-01 2024-03-31 NI030786 uk-bus:Director3 2023-04-01 2024-03-31 NI030786 uk-bus:Director4 2023-04-01 2024-03-31 NI030786 uk-bus:Director5 2023-04-01 2024-03-31 NI030786 uk-bus:Director6 2023-04-01 2024-03-31 NI030786 uk-bus:Director7 2023-04-01 2024-03-31 NI030786 uk-bus:CompanySecretary1 2023-04-01 2024-03-31 NI030786 uk-bus:Agent1 2023-04-01 2024-03-31 NI030786 uk-core:ShareCapital 2024-03-31 NI030786 uk-core:ShareCapital 2023-03-31 NI030786 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI030786 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI030786 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI030786 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI030786 uk-bus:FRS102 2023-04-01 2024-03-31 NI030786 uk-core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 NI030786 uk-core:MotorVehicles 2023-04-01 2024-03-31 NI030786 2023-04-01 2024-03-31 NI030786 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI030786
 
 
BMF Business Services Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 March 2024
BMF Business Services Ltd
DIRECTORS AND OTHER INFORMATION

 
Directors Roberta McQuade
Owen McQuade
Sharon Morrison
Lynda Millar
Fiona McCarthy
Gareth Duffy
Ciaran Galway
 
 
Company Secretary Roberta McQuade
 
 
Company Registration Number NI030786
 
 
Business Address 19A Maghaberry Road
Maghaberry
Co Antrim
BT67 0JE
Northern Ireland
 
 
Accountants Paul Hagerty & Co.
Chartered Accountants
11 The Square
Rostrevor
Co Down
BT34 3AZ



BMF Business Services Ltd
Company Registration Number: NI030786
ABRIDGED BALANCE SHEET
as at 31 March 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 92,886 99,763
───────── ─────────
 
Current Assets
Debtors 34,258 45,760
Cash and cash equivalents 182,025 251,836
───────── ─────────
216,283 297,596
───────── ─────────
Creditors: amounts falling due within one year (108,517) (83,644)
───────── ─────────
Net Current Assets 107,766 213,952
───────── ─────────
Total Assets less Current Liabilities 200,652 313,715
 
Provisions for liabilities (11,596) (18,780)
───────── ─────────
Net Assets 189,056 294,935
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Retained earnings 189,054 294,933
───────── ─────────
Equity attributable to owners of the company 189,056 294,935
═════════ ═════════
 
The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 9 September 2024 and signed on its behalf by
           
________________________________          
Owen McQuade          
Director          
           



BMF Business Services Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 March 2024

   
1. General Information
 
BMF Business Services Ltd is a company limited by shares incorporated in Northern Ireland.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 25% Reducing Balance
  Motor vehicles - 25% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
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 except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 18, (2023 - 17).
 
  2024 2023
  Number Number
 
Directors 7 7
Employees 11 10
  ───────── ─────────
  18 17
  ═════════ ═════════
         
4. Tangible assets
  Fixtures, Motor Total
  fittings and vehicles  
  equipment    
  £ £ £
Cost
At 1 April 2023 270,128 100,828 370,956
Additions 859 61,925 62,784
Disposals - (68,799) (68,799)
  ───────── ───────── ─────────
At 31 March 2024 270,987 93,954 364,941
  ───────── ───────── ─────────
Depreciation
At 1 April 2023 223,311 47,882 271,193
Charge for the financial year 11,919 19,043 30,962
On disposals - (30,100) (30,100)
  ───────── ───────── ─────────
At 31 March 2024 235,230 36,825 272,055
  ───────── ───────── ─────────
Net book value
At 31 March 2024 35,757 57,129 92,886
  ═════════ ═════════ ═════════
At 31 March 2023 46,817 52,946 99,763
  ═════════ ═════════ ═════════