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REGISTERED NUMBER: SC408887 (Scotland)










Financial Statements

For The Year Ended 31 October 2024

for

BMG Surveys Limited

BMG Surveys Limited (Registered number: SC408887)

Contents of the Financial Statements
For The Year Ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BMG Surveys Limited

Company Information
For The Year Ended 31 October 2024







DIRECTOR: B McGrory





REGISTERED OFFICE: 91 Alexander Street
Airdrie
ML6 0BD





REGISTERED NUMBER: SC408887 (Scotland)





ACCOUNTANTS: Cahill Jack Associates Limited
91 Alexander Street
Airdrie
North Lanarkshire
ML6 0BD

BMG Surveys Limited (Registered number: SC408887)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,872 28,605
Investments 5 88,000 -
132,872 28,605

CURRENT ASSETS
Debtors 6 334,457 424,886
Cash at bank 972,960 520,344
1,307,417 945,230
CREDITORS
Amounts falling due within one year 7 448,216 302,645
NET CURRENT ASSETS 859,201 642,585
TOTAL ASSETS LESS CURRENT
LIABILITIES

992,073

671,190

CREDITORS
Amounts falling due after more than one
year

8

(6,667

)

(16,667

)

PROVISIONS FOR LIABILITIES (4,591 ) (6,136 )
NET ASSETS 980,815 648,387

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 980,715 648,287
SHAREHOLDERS' FUNDS 980,815 648,387

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BMG Surveys Limited (Registered number: SC408887)

Balance Sheet - continued
31 October 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 17 January 2025 and were signed by:





B McGrory - Director


BMG Surveys Limited (Registered number: SC408887)

Notes to the Financial Statements
For The Year Ended 31 October 2024


1. STATUTORY INFORMATION

BMG Surveys Limited is a private company, limited by shares , registered in Scotland. 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 represents sales of professional survey services,excluding VAT

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

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.

Hire purchase and leasing commitments
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 AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

BMG Surveys Limited (Registered number: SC408887)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 11,411 23,785 26,841 62,037
Additions 1,186 27,015 410 28,611
At 31 October 2024 12,597 50,800 27,251 90,648
DEPRECIATION
At 1 November 2023 4,402 5,946 23,084 33,432
Charge for year 1,777 9,525 1,042 12,344
At 31 October 2024 6,179 15,471 24,126 45,776
NET BOOK VALUE
At 31 October 2024 6,418 35,329 3,125 44,872
At 31 October 2023 7,009 17,839 3,757 28,605

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Other investments 88,000 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 270,454 360,883
Other debtors 64,003 64,003
334,457 424,886

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 16,039 7,135
Taxation and social security 412,371 279,796
Other creditors 9,806 5,714
448,216 302,645

BMG Surveys Limited (Registered number: SC408887)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,667 16,667

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 16,667 26,667

The Bounce back loan is supported by a 100% guarantee from the UK Government.