Registered number
06651637
BDM Group Ltd
Filleted Accounts
31 August 2024
Goldsmith BALL
a c c o u n t a n t s
Harwell Innovation Centre, 173 Curie Avenue, Harwell Science and Innovation Campus,
Didcot, Oxfordshire OX11 0QG
BDM Group Ltd
Registered number: 06651637
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 177,572 185,656
Current assets
Stocks 65,046 20,046
Debtors 4 93,826 231,488
Cash at bank and in hand 59,231 50,554
218,103 302,088
Creditors: amounts falling due within one year 5 (226,414) (261,108)
Net current (liabilities)/assets (8,311) 40,980
Total assets less current liabilities 169,261 226,636
Creditors: amounts falling due after more than one year 6 (7,500) (17,500)
Provisions for liabilities (33,286) (34,722)
Net assets 128,475 174,414
Capital and reserves
Called up share capital 10 10
Profit and loss account 128,465 174,404
Shareholders' funds 128,475 174,414
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
W.Burton
Director
Approved by the board on 7 October 2024
BDM Group Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 10% on a reducing balance
Office equipment 25% on a reducing balance
Motor vehicle 20% on a reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 19 21
3 Tangible fixed assets
Office and computer equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 September 2023 23,349 349,322 25,867 398,538
Additions - 14,574 - 14,574
At 31 August 2024 23,349 363,896 25,867 413,112
Depreciation
At 1 September 2023 14,902 186,889 11,091 212,882
Charge for the year 860 17,005 4,793 22,658
At 31 August 2024 15,762 203,894 15,884 235,540
Net book value
At 31 August 2024 7,587 160,002 9,983 177,572
At 31 August 2023 8,447 162,433 14,776 185,656
4 Debtors 2024 2023
£ £
Trade debtors 90,846 228,508
Prepayments 2,980 2,980
93,826 231,488
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors and accruals 87,556 157,307
Taxation and social security costs 110,179 89,883
Other creditors 18,679 3,918
226,414 261,108
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,500 17,500
7 Other information
BDM Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Little Acre
School Lane
Silchester
Reading
RG7 2NJ
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