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REGISTERED NUMBER: 07680173 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

B&M Packaging Services Limited

B&M Packaging Services Limited (Registered number: 07680173)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


B&M Packaging Services Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M J Baker
L J Singleton
Mrs P Baker





REGISTERED OFFICE: Unit 3 Severnside,
Brue Avenue
Bridgwater
Somerset
TA6 5LT





REGISTERED NUMBER: 07680173 (England and Wales)

B&M Packaging Services Limited (Registered number: 07680173)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,447 143,329
Investment property 5 227,399 -
332,846 143,329

CURRENT ASSETS
Stocks 138,816 112,025
Debtors 6 270,048 256,599
Cash at bank and in hand 330,449 344,911
739,313 713,535
CREDITORS
Amounts falling due within one year 7 334,674 216,973
NET CURRENT ASSETS 404,639 496,562
TOTAL ASSETS LESS CURRENT
LIABILITIES

737,485

639,891

CREDITORS
Amounts falling due after more than one
year

8

-

(3,636

)

PROVISIONS FOR LIABILITIES 9 (4,785 ) -
NET ASSETS 732,700 636,255

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 731,700 635,255
SHAREHOLDERS' FUNDS 732,700 636,255

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:



M J Baker - Director


B&M Packaging Services Limited (Registered number: 07680173)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

B&M Packaging Services 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.
Plant and machinery - 20% on straight line basis
Fixtures and fittings - 10% on straight line basis
Motor vehicles - 20% on straight line basis

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

B&M Packaging Services Limited (Registered number: 07680173)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 July 2023 90,219 273,413 23,025
Additions - 10,000 -
Disposals - - -
At 30 June 2024 90,219 283,413 23,025
DEPRECIATION
At 1 July 2023 67,926 162,134 23,025
Charge for year 6,370 34,761 -
Eliminated on disposal - - -
At 30 June 2024 74,296 196,895 23,025
NET BOOK VALUE
At 30 June 2024 15,923 86,518 -
At 30 June 2023 22,293 111,279 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 50,295 12,605 449,557
Additions - - 10,000
Disposals (13,450 ) - (13,450 )
At 30 June 2024 36,845 12,605 446,107
DEPRECIATION
At 1 July 2023 45,149 7,994 306,228
Charge for year 3,551 1,705 46,387
Eliminated on disposal (11,955 ) - (11,955 )
At 30 June 2024 36,745 9,699 340,660
NET BOOK VALUE
At 30 June 2024 100 2,906 105,447
At 30 June 2023 5,146 4,611 143,329

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 227,399
At 30 June 2024 227,399
NET BOOK VALUE
At 30 June 2024 227,399

The directors are of the opinion that the property value at 30 June 2024 is not materially different to its acquisition cost in the year.

B&M Packaging Services Limited (Registered number: 07680173)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 237,683 206,468
Other debtors 906 581
Corporation tax - 30,364
VAT 12,963 -
Deferred tax asset - 2,876
Prepayments and accrued income 18,496 16,310
270,048 256,599

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,636 7,328
Trade creditors 285,141 168,149
Social security and other taxes 6,181 5,611
VAT - 3,218
Other creditors 26,091 3,737
Directors' current accounts 2,500 -
Accruals and deferred income 11,125 28,930
334,674 216,973

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 3,636

9. PROVISIONS FOR LIABILITIES
2024
£   
Deferred tax 4,785

Deferred
tax
£   
Balance at 1 July 2023 (2,876 )
Charge to Income Statement during year 7,661
Balance at 30 June 2024 4,785

The deferred tax at 25% comprises timing differences between depreciation on fixed assets and capital allowances claimed of £22,205 less tax losses of £17,420.