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REGISTERED NUMBER: 10757305 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

BML DIGITAL LTD

BML DIGITAL LTD (REGISTERED NUMBER: 10757305)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


BML DIGITAL LTD

Company Information
for the year ended 31 May 2024







DIRECTORS: B J Johnson
M Segal
A J Vermeulen





REGISTERED OFFICE: 11 Laura Place
Bath
BA2 4BL





REGISTERED NUMBER: 10757305 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
BML Digital Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BML Digital Ltd for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of BML Digital Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of BML Digital Ltd and state those matters that we have agreed to state to the Board of Directors of BML Digital Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BML Digital Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that BML Digital Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of BML Digital Ltd. You consider that BML Digital Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of BML Digital Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


21 February 2025

BML DIGITAL LTD (REGISTERED NUMBER: 10757305)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,294 9,254
Tangible assets 5 7,520 4,740
19,814 13,994

CURRENT ASSETS
Stocks 40,269 34,036
Debtors 6 490,053 745,690
Cash at bank 102,845 73,988
633,167 853,714
CREDITORS
Amounts falling due within one year 7 680,863 793,212
NET CURRENT (LIABILITIES)/ASSETS (47,696 ) 60,502
TOTAL ASSETS LESS CURRENT
LIABILITIES

(27,882

)

74,496

CREDITORS
Amounts falling due after more than one
year

8

(7,506

)

(15,006

)

PROVISIONS FOR LIABILITIES 10 (1,762 ) (1,111 )
NET (LIABILITIES)/ASSETS (37,150 ) 58,379

CAPITAL AND RESERVES
Called up share capital 11 8 8
Retained earnings (37,158 ) 58,371
SHAREHOLDERS' FUNDS (37,150 ) 58,379

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

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

BML DIGITAL LTD (REGISTERED NUMBER: 10757305)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:





B J Johnson - Director


BML DIGITAL LTD (REGISTERED NUMBER: 10757305)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

BML Digital Ltd 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.

The accounts are prepared on the going concern basis as the Directors are confident the company will continue to trade for the next 12 months.

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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website costs are currently amortised over 3 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - Straight line over 4 years
Computer equipment - Straight line over 4 years

BML DIGITAL LTD (REGISTERED NUMBER: 10757305)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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.

Critical accounting estimates and uncertainties
No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

Stock
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items

BML DIGITAL LTD (REGISTERED NUMBER: 10757305)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing agreements
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Website
Costs
£   
COST
At 1 June 2023 13,881
Additions 11,500
At 31 May 2024 25,381
AMORTISATION
At 1 June 2023 4,627
Amortisation for year 8,460
At 31 May 2024 13,087
NET BOOK VALUE
At 31 May 2024 12,294
At 31 May 2023 9,254

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 6,755 4,508 11,263
Additions 5,952 - 5,952
At 31 May 2024 12,707 4,508 17,215
DEPRECIATION
At 1 June 2023 4,430 2,093 6,523
Charge for year 2,384 788 3,172
At 31 May 2024 6,814 2,881 9,695
NET BOOK VALUE
At 31 May 2024 5,893 1,627 7,520
At 31 May 2023 2,325 2,415 4,740

BML DIGITAL LTD (REGISTERED NUMBER: 10757305)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 146,690 720,197
Other debtors 343,363 25,493
490,053 745,690

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 133,740 7,500
Trade creditors 149,103 536,367
Taxation and social security 87,795 204,785
Other creditors 310,225 44,560
680,863 793,212

Included within bank loans and overdrafts due in less than one year is a £7,500 (2023: £7500) Bounce Back Loan secured by Starling bank and in part by the HMRC Government Guarantee.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 7,506 15,006

Included within bank loans and overdrafts due in less than one year is a £7,506 (2023: £15,506) Bounce Back Loan secured by Starling bank and in part by the HMRC Government Guarantee.

9. SECURED DEBTS

Included within other creditors is borrowing from Sonovate Limited. This is secured against the assets of the company.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,762 1,111

Deferred
tax
£   
Balance at 1 June 2023 1,111
Accelerated capital allowances 651
Balance at 31 May 2024 1,762

BML DIGITAL LTD (REGISTERED NUMBER: 10757305)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
750 Ordinary £0.01 8 8
1 Ordinary A £0.01 - -
8 8

1 Ordinary A share of £0.01 was allotted and fully paid for cash at par during the year.

The shares have attached to them full voting, dividend and capital distribution (including on winding up) rights; they do not confer any rights of redemption.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, a director owed the company £288,888 (2023: £253 owed to director). During the year £323,975 (2023:£300,296) was advanced and £34,834 (2023:£300,238 ) was repaid.

Interest has been charged on the loan at a rate of 2.25%.