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REGISTERED NUMBER: 06785936 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

B.F.M. (Staffs) Limited

B.F.M. (Staffs) Limited (Registered number: 06785936)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


B.F.M. (Staffs) Limited (Registered number: 06785936)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,222 29,790

CURRENT ASSETS
Stocks 3,000 6,000
Debtors 5 814,079 787,569
Cash at bank and in hand 111,809 170,044
928,888 963,613
CREDITORS
Amounts falling due within one year 6 378,547 395,913
NET CURRENT ASSETS 550,341 567,700
TOTAL ASSETS LESS CURRENT LIABILITIES 587,563 597,490

PROVISIONS FOR LIABILITIES 9,305 7,448
NET ASSETS 578,258 590,042

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 578,158 589,942
SHAREHOLDERS' FUNDS 578,258 590,042

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by:





Mr M C Burgin - Director


B.F.M. (Staffs) Limited (Registered number: 06785936)

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

1. STATUTORY INFORMATION

B.F.M. (Staffs) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06785936

Registered office: Ebenezer House
Ryecroft
Newcastle
Staffordshire
ST5 2BE

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.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & fittings - 25% on reducing balance
Equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

B.F.M. (Staffs) Limited (Registered number: 06785936)

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

4. TANGIBLE FIXED ASSETS
Fixtures Motor
& fittings Equipment vehicles Totals
£    £    £    £   
COST
At 1 May 2023 5,461 20,050 82,376 107,887
Additions - - 19,838 19,838
At 30 April 2024 5,461 20,050 102,214 127,725
DEPRECIATION
At 1 May 2023 4,391 17,337 56,369 78,097
Charge for year 267 678 11,461 12,406
At 30 April 2024 4,658 18,015 67,830 90,503
NET BOOK VALUE
At 30 April 2024 803 2,035 34,384 37,222
At 30 April 2023 1,070 2,713 26,007 29,790

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 232,260 235,664
Amounts owed by group undertakings 480,150 -
Other debtors 101,669 551,905
814,079 787,569

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 100,985 63,329
Taxation and social security 163,269 136,521
Other creditors 114,293 196,063
378,547 395,913

7. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £7,000 (2023: £14,000). This financial commitment represents the total amount of payments remaining on a lease ending in 2025.