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REGISTERED NUMBER: 02074918 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

B.M.W. (HOME IMPROVEMENTS) LIMITED

B.M.W. (HOME IMPROVEMENTS) LIMITED (REGISTERED NUMBER: 02074918)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B.M.W. (HOME IMPROVEMENTS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: G Hope
N M Robinson





SECRETARY: G Hope





REGISTERED OFFICE: 2 Saffron Road
Higham Ferrers
Northamptonshire
NN10 8ED





REGISTERED NUMBER: 02074918 (England and Wales)





ACCOUNTANT: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

B.M.W. (HOME IMPROVEMENTS) LIMITED (REGISTERED NUMBER: 02074918)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,090 10,679

CURRENT ASSETS
Stocks 78,601 77,430
Debtors 5 32,975 95,562
Cash at bank 2,104 72
113,680 173,064
CREDITORS
Amounts falling due within one year 6 108,834 158,604
NET CURRENT ASSETS 4,846 14,460
TOTAL ASSETS LESS CURRENT LIABILITIES 14,936 25,139

CREDITORS
Amounts falling due after more than one
year

7

(12,231

)

(22,435

)

PROVISIONS FOR LIABILITIES (2,250 ) (2,029 )
NET ASSETS 455 675

CAPITAL AND RESERVES
Called up share capital 9 450 450
Retained earnings 5 225
SHAREHOLDERS' FUNDS 455 675

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

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

B.M.W. (HOME IMPROVEMENTS) LIMITED (REGISTERED NUMBER: 02074918)

BALANCE SHEET - continued
31ST MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th July 2024 and were signed on its behalf by:




N M Robinson - Director



G Hope - Director


B.M.W. (HOME IMPROVEMENTS) LIMITED (REGISTERED NUMBER: 02074918)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

B.M.W. (Home Improvements) 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.

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.
Improvements to property - Straight line over 5 years
Plant & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing
stock to its present location and condition.

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

B.M.W. (HOME IMPROVEMENTS) LIMITED (REGISTERED NUMBER: 02074918)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

The average number of employees during the year was 1 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant & Motor
property equipment vehicles Totals
£    £    £    £   
COST
At 1st April 2023 4,000 37,957 36,208 78,165
Additions - 2,774 - 2,774
At 31st March 2024 4,000 40,731 36,208 80,939
DEPRECIATION
At 1st April 2023 4,000 35,621 27,865 67,486
Charge for year - 1,277 2,086 3,363
At 31st March 2024 4,000 36,898 29,951 70,849
NET BOOK VALUE
At 31st March 2024 - 3,833 6,257 10,090
At 31st March 2023 - 2,336 8,343 10,679

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 2,992 34,112
Other debtors 25,688 57,155
28,680 91,267

B.M.W. (HOME IMPROVEMENTS) LIMITED (REGISTERED NUMBER: 02074918)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors 4,295 4,295

Aggregate amounts 32,975 95,562

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,686 39,284
Trade creditors 36,494 82,215
Taxation and social security 31,008 27,850
Other creditors 12,646 9,255
108,834 158,604

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,231 22,435

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 3,005 3,005
Between one and five years 1,002 4,007
4,007 7,012

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
450 Ordinary £1 450 450

B.M.W. (HOME IMPROVEMENTS) LIMITED (REGISTERED NUMBER: 02074918)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
G Hope
Balance outstanding at start of year (1,259 ) 15,173
Amounts advanced 11,454 24,771
Amounts repaid (4,312 ) (41,203 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,883 (1,259 )

N M Robinson
Balance outstanding at start of year (932 ) 15,041
Amounts advanced 11,600 25,130
Amounts repaid (4,312 ) (41,103 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,356 (932 )

Interest was charged on this balance at a rate of 2.0% (2023 - 2.0%). There are no fixed terms for repayment.