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REGISTERED NUMBER: 10774125 (England and Wales)















BEM HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024






BEM HOLDINGS LIMITED (REGISTERED NUMBER: 10774125)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEM HOLDINGS LIMITED

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTOR: Mr N Moorhouse





REGISTERED OFFICE: 31 Haigh House Hill
Lindley Moor
Huddersfield
West Yorkshire
HD3 3SZ





REGISTERED NUMBER: 10774125 (England and Wales)





ACCOUNTANTS: SMH Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

BEM HOLDINGS LIMITED (REGISTERED NUMBER: 10774125)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 684,924 700,583

CURRENT ASSETS
Stocks 10,788 8,375
Debtors 5 2,648 1,582
Cash at bank and in hand 35,813 72,369
49,249 82,326
CREDITORS
Amounts falling due within one year 6 (92,502 ) (130,775 )
NET CURRENT LIABILITIES (43,253 ) (48,449 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

641,671

652,134

CREDITORS
Amounts falling due after more than one year 7 (160,132 ) (250,132 )

PROVISIONS FOR LIABILITIES 8 (21,632 ) (22,280 )
NET ASSETS 459,907 379,722

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 459,901 379,716
SHAREHOLDERS' FUNDS 459,907 379,722

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 director acknowledges her 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.

BEM HOLDINGS LIMITED (REGISTERED NUMBER: 10774125)

BALANCE SHEET - continued
30 June 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 11 November 2024 and were signed by:





Mr N Moorhouse - Director


BEM HOLDINGS LIMITED (REGISTERED NUMBER: 10774125)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024


1. STATUTORY INFORMATION

BEM Holdings 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 represented by the invoiced sales of goods, excluding VAT, which are recognised when the goods are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Fixtures and fittings - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, accruals and amounts owed to group undertakings, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.


BEM HOLDINGS LIMITED (REGISTERED NUMBER: 10774125)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


2. ACCOUNTING POLICIES - continued
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.

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 12 (2023 - 11 ) .

BEM HOLDINGS LIMITED (REGISTERED NUMBER: 10774125)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 361,731 505,946 867,677
Additions - 7,241 7,241
At 30 June 2024 361,731 513,187 874,918
DEPRECIATION
At 1 July 2023 43,427 123,667 167,094
Charge for year 7,235 15,665 22,900
At 30 June 2024 50,662 139,332 189,994
NET BOOK VALUE
At 30 June 2024 311,069 373,855 684,924
At 30 June 2023 318,304 382,279 700,583

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,390 1,392
Other debtors 1,258 190
2,648 1,582

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 24,661 34,874
Taxation and social security 61,984 61,400
Other creditors 5,857 34,501
92,502 130,775

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 160,132 250,132

BEM HOLDINGS LIMITED (REGISTERED NUMBER: 10774125)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 21,632 22,280

Deferred
tax
£   
Balance at 1 July 2023 22,280
Credit to Income Statement during year (648 )
Balance at 30 June 2024 21,632