BVM SYSTEMS LIMITED

Company Registration Number:
06973270 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

BVM SYSTEMS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

BVM SYSTEMS LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 74,832 86,352
Total fixed assets: 74,832 86,352
Current assets
Debtors:   355,729 315,658
Cash at bank and in hand: 1,325,176 913,055
Total current assets: 1,680,905 1,228,713
Creditors: amounts falling due within one year:   (598,624) (273,828)
Net current assets (liabilities): 1,082,281 954,885
Total assets less current liabilities: 1,157,113 1,041,237
Provision for liabilities: (326,499) (129,539)
Total net assets (liabilities): 830,614 911,698
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 830,514 911,598
Shareholders funds: 830,614 911,698

The notes form part of these financial statements

BVM SYSTEMS LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 02 December 2024
and signed on behalf of the board by:

Name: Mr P J Merron
Status: Director

The notes form part of these financial statements

BVM SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Other accounting policies

Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

BVM SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 6 5

BVM SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 167,947
Additions 6,351
At 31 December 2023 174,298
Depreciation
At 01 January 2023 81,595
Charge for year 17,871
At 31 December 2023 99,466
Net book value
At 31 December 2023 74,832
At 31 December 2022 86,352