1 July 2023 v2024.53.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP018208882023-07-012024-06-30018208882024-06-30018208882023-06-3001820888core:WithinOneYear2024-06-3001820888core:WithinOneYear2023-06-3001820888core:AfterOneYear2024-06-3001820888core:AfterOneYear2023-06-3001820888core:ShareCapital2024-06-3001820888core:ShareCapital2023-06-3001820888core:RetainedEarningsAccumulatedLosses2024-06-3001820888core:RetainedEarningsAccumulatedLosses2023-06-3001820888bus:Director12023-07-012024-06-3001820888bus:RegisteredOffice2023-07-012024-06-3001820888core:LandBuildings2023-07-012024-06-3001820888core:PlantMachinery2023-07-012024-06-3001820888core:FurnitureFittings2023-07-012024-06-3001820888core:MotorVehicles2023-07-012024-06-30018208882022-07-012023-06-3001820888core:LandBuildings2023-07-0101820888core:PlantMachinery2023-07-01018208882023-07-0101820888core:LandBuildings2024-06-3001820888core:PlantMachinery2024-06-3001820888core:LandBuildings2023-06-3001820888core:PlantMachinery2023-06-300182088812023-07-012024-06-3001820888countries:EnglandWales2023-07-012024-06-3001820888bus:AuditExemptWithAccountantsReport2023-07-012024-06-3001820888bus:PrivateLimitedCompanyLtd2023-07-012024-06-3001820888bus:SmallEntities2023-07-012024-06-3001820888bus:FullAccounts2023-07-012024-06-30
Company registration number:
01820888
B M S Critical Care Limited
Unaudited Filleted Financial Statements for the year ended
30 June 2024
B M S Critical Care Limited
Statement of Financial Position
30 June 2024
20242023
Note££
Fixed assets    
Tangible assets 5
146,410
 
66,485
 
Current assets    
Stocks
466,212
 
357,237
 
Debtors 6
288,341
 
168,186
 
Cash at bank and in hand
390,216
 
463,743
 
1,144,769
 
989,166
 
Creditors: amounts falling due within one year 7
(164,190
)
(117,747
)
Net current assets
980,579
 
871,419
 
Total assets less current liabilities 1,126,989   937,904  
Creditors: amounts falling due after more than one year 8
(64,622
)
(8,472
)
Provisions for liabilities
(15,760
)
(12,602
)
Net assets
1,046,607
 
916,830
 
Capital and reserves    
Called up share capital
3,000
 
3,000
 
Profit and loss account
1,043,607
 
913,830
 
Shareholders funds
1,046,607
 
916,830
 
For the year ending
30 June 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
16 October 2024
, and are signed on behalf of the board by:
Mr P Richards
Director
Company registration number:
01820888
B M S Critical Care Limited
Notes to the Financial Statements
Year ended
30 June 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Unit B Hurstwood Court
,
Mercer Way
,
Shadsworth Business Park
,
Blackburn
,
BB1 2QU
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis. The are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
15% on reducing balance
Plant and machinery
15% on reducing balance
Fixtures and fittings
15% on reducing balance
Motor vehicles
25% to 33% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4 Average number of employees

The average number of persons employed by the company during the year was
9
(2023:
9.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 July 2023
72,016
 
169,887
 
241,903
 
Additions
6,340
 
113,465
 
119,805
 
Disposals
(3,838
)
(86,734
)
(90,572
)
At
30 June 2024
74,518
 
196,618
 
271,136
 
Depreciation      
At
1 July 2023
59,082
 
116,336
 
175,418
 
Charge
2,654
 
21,111
 
23,765
 
Disposals
(3,577
)
(70,880
)
(74,457
)
At
30 June 2024
58,159
 
66,567
 
124,726
 
Carrying amount      
At
30 June 2024
16,359
 
130,051
 
146,410
 
At 30 June 2023
12,934
 
53,551
 
66,485
 

6 Debtors

20242023
££
Trade debtors
232,832
 
114,664
 
Other debtors
55,509
 
53,522
 
288,341
 
168,186
 

7 Creditors: amounts falling due within one year

20242023
££
Trade creditors
86,396
 
48,875
 
Taxation and social security
47,692
 
49,484
 
Other creditors
30,102
 
19,388
 
164,190
 
117,747
 

8 Creditors: amounts falling due after more than one year

20242023
££
Other creditors
64,622
 
8,472
 
Total other creditors include obligations under hire purchase contracts of £76,650 (2023 - £10,591) which are effectively secured on the tangible fixed assets to which the liabilities relate.

9 Guarantees and other financial commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £281,000 (2023 - £266,000).

10 Directors' advances, credit and guarantees

At 30 June 2024 £16,133 was due from a director (2023 - £19,800). The maximum amount outstanding was £19,800. Interest is charged at 5% per annum.