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REGISTERED NUMBER: 12382512 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

BMG FG (UK) Limited

BMG FG (UK) Limited (Registered number: 12382512)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

BMG FG (UK) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: S L Bohen





REGISTERED OFFICE: 4th Floor
Kingsgate House
Wellington Road North
Stockport
SK4 1LW





REGISTERED NUMBER: 12382512 (England and Wales)





ACCOUNTANTS: Langricks Limited
1 Swan Street
Wilmslow
Cheshire
SK9 1HF

BMG FG (UK) Limited (Registered number: 12382512)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 37,508 33,122

CURRENT ASSETS
Debtors 5 1,292,007 220,890
Cash at bank 102,912 253,045
1,394,919 473,935
CREDITORS
Amounts falling due within one year 6 (1,390,698 ) (442,288 )
NET CURRENT ASSETS 4,221 31,647
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,729

64,769

CREDITORS
Amounts falling due after more than one
year

7

(11,703

)

(26,554

)

PROVISIONS FOR LIABILITIES (9,377 ) -
NET ASSETS 20,649 38,215

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 20,549 38,115
20,649 38,215

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

BMG FG (UK) Limited (Registered number: 12382512)

Balance Sheet - continued
31 January 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





S L Bohen - Director


BMG FG (UK) Limited (Registered number: 12382512)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

BMG FG (UK) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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
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.

BMG FG (UK) Limited (Registered number: 12382512)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2023 - 38 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 37,055
Additions 13,991
At 31 January 2024 51,046
DEPRECIATION
At 1 February 2023 3,933
Charge for year 9,605
At 31 January 2024 13,538
NET BOOK VALUE
At 31 January 2024 37,508
At 31 January 2023 33,122

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 644,256 7,900
Amounts owed by group undertakings 200,873 -
Other debtors 446,878 212,990
1,292,007 220,890

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 14,804 11,498
Trade creditors 660,768 293,509
Amounts owed to group undertakings 273,330 -
Taxation and social security 428,510 91,836
Other creditors 13,286 45,445
1,390,698 442,288

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 11,703 26,554

BMG FG (UK) Limited (Registered number: 12382512)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
S L Bohen
Balance outstanding at start of year 81,300 (770 )
Amounts advanced 311,266 164,320
Amounts repaid (116,002 ) (82,250 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 276,564 81,300

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
BMG FG (UK) Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BMG FG (UK) Limited for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of BMG FG (UK) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of BMG FG (UK) Limited and state those matters that we have agreed to state to the director of BMG FG (UK) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BMG FG (UK) Limited and its director for our work or for this report.

It is your duty to ensure that BMG FG (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of BMG FG (UK) Limited. You consider that BMG FG (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of BMG FG (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Langricks Limited
1 Swan Street
Wilmslow
Cheshire
SK9 1HF


31 October 2024