BSMUK LTD
Registered number: 12485373
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,761 686
Current assets
Cash at bank and in hand 39,105 57,438
Creditors: amounts falling due within one year 4 (15,406) (21,961)
Net current assets 23,699 35,477
Total assets less current liabilities 25,460 36,163
Creditors: amounts falling due after more than one year 5 (4,500) (7,500)
Net assets 20,960 28,663
Capital and reserves
Profit and loss account 20,960 28,663
Shareholders' funds 20,960 28,663
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B. Mthobi
Director
Approved by the board on 19 November 2024
BSMUK LTD
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 1,237
Additions 1,515
At 29 February 2024 2,752
Depreciation
At 1 March 2023 551
Charge for the year 440
At 29 February 2024 991
Net book value
At 29 February 2024 1,761
At 28 February 2023 686
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,000 3,000
Taxation and social security costs 685 1,965
Other creditors 11,721 16,996
15,406 21,961
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,500 7,500
6 Other information
BSMUK LTD is a private company limited by shares and incorporated in England. Its registered office is:
20 Pearson Road
Ipswich
IP3 8NH
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