Company Registration No. 11346805 (England and Wales)
BMB CAR & COMMERCIALS LTD
Unaudited accounts
for the year ended 31 May 2024
BMB CAR & COMMERCIALS LTD
Unaudited accounts
Contents
BMB CAR & COMMERCIALS LTD
Company Information
for the year ended 31 May 2024
Directors
Mr G P Bailey
Mr C A McKnight
Miss F A Bain
Company Number
11346805 (England and Wales)
Registered Office
SALTERS LANE GARAGE SALTERS LANE
LOPPINGTON
SHREWSBURY
SHROPSHIRE
SY4 5NE
UNITED KINGDOM
BMB CAR & COMMERCIALS LTD
Statement of financial position
as at 31 May 2024
Tangible assets
59,459
69,623
Cash at bank and in hand
7,291
24,291
Creditors: amounts falling due within one year
(65,677)
(85,500)
Net current assets
10,376
21,067
Total assets less current liabilities
69,835
90,690
Creditors: amounts falling due after more than one year
(1,565)
(13,786)
Called up share capital
3
3
Profit and loss account
68,267
76,901
Shareholders' funds
68,270
76,904
For the year ending 31 May 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by
Miss F A Bain
Director
Company Registration No. 11346805
BMB CAR & COMMERCIALS LTD
Notes to the Accounts
for the year ended 31 May 2024
BMB CAR & COMMERCIALS LTD is a private company, limited by shares, registered in England and Wales, registration number 11346805. The registered office is SALTERS LANE GARAGE SALTERS LANE, LOPPINGTON, SHREWSBURY, SHROPSHIRE, SY4 5NE, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
20% straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2023
91,800
34,130
125,930
Additions
1,819
13,440
15,259
At 31 May 2024
93,619
47,570
141,189
At 1 June 2023
34,216
22,091
56,307
Charge for the year
18,429
6,994
25,423
At 31 May 2024
52,645
29,085
81,730
At 31 May 2024
40,974
18,485
59,459
At 31 May 2023
57,584
12,039
69,623
Amounts falling due within one year
Trade debtors
68,762
82,276
BMB CAR & COMMERCIALS LTD
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
20,833
30,833
Trade creditors
22,060
28,222
Taxes and social security
8,792
11,819
Loans from directors
(495)
(52)
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
444
5,602
Other creditors
1,121
8,184
8
Average number of employees
During the year the average number of employees was 7 (2023: 7).