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REGISTERED NUMBER: 06579615 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

BML Utility Contractors Ltd

BML Utility Contractors Ltd (Registered number: 06579615)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

BML Utility Contractors Ltd

Company Information
for the year ended 31 March 2024







DIRECTORS: B McNicholas
J Phillippo





REGISTERED OFFICE: St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE





REGISTERED NUMBER: 06579615 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

BML Utility Contractors Ltd (Registered number: 06579615)

Balance Sheet
31 March 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 126,860 209,234
Investments 6 41,561 41,561
168,421 250,795

CURRENT ASSETS
Debtors 7 1,029,985 1,006,639
Cash at bank and in hand 41,304 71,749
1,071,289 1,078,388
CREDITORS
Amounts falling due within one year 8 (527,694 ) (508,603 )
NET CURRENT ASSETS 543,595 569,785
TOTAL ASSETS LESS CURRENT
LIABILITIES

712,016

820,580

CREDITORS
Amounts falling due after more than one year 9 - (11,567 )

PROVISIONS FOR LIABILITIES (36,017 ) (36,017 )
NET ASSETS 675,999 772,996

CAPITAL AND RESERVES
Called up share capital 192 192
Share premium 337,793 337,793
Capital redemption reserve 10 10
Retained earnings 338,004 435,001
SHAREHOLDERS' FUNDS 675,999 772,996

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

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

BML Utility Contractors Ltd (Registered number: 06579615)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:





B McNicholas - Director


BML Utility Contractors Ltd (Registered number: 06579615)

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

1. STATUTORY INFORMATION

BML Utility Contractors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The group's and company's principal place of business is Rear of 1, Warrengate Road, North Mymms, Hatfield, Hertfordshire, AL9 7TT.

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.

Going Concern
The directors have prepared the accounts on a going concern basis, based on the continued trading and profitability of its subsidiary company. The directors believe the subsidiary has adequate resources and contracts to continue to support the parent company for the foreseeable future. The going concern basis is therefore deemed appropriate.

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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Goodwill
Goodwill is being written off in equal instalments over its estimated economic life of five years.

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.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Air transportOver 12 years
Motor vehicles25% straight line
Plant & machinery25% straight line and 25% reducing balance
Computer equipment25% straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


BML Utility Contractors Ltd (Registered number: 06579615)

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

2. ACCOUNTING POLICIES - continued
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
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Pension costs and other post-retirement benefits
Contributions to defined contribution plans are expensed in the period to which they relate.

Share capital
Ordinary shares are classed as equity.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Distributions to equity holders
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Recognised within dividends are also contributions towards the EOT.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 April 2023
and 31 March 2024 1,000,000
AMORTISATION
At 1 April 2023
and 31 March 2024 1,000,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

BML Utility Contractors Ltd (Registered number: 06579615)

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

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£ £ £
COST
At 1 April 2023 869,779 10,259 880,038
Disposals (69,697 ) - (69,697 )
At 31 March 2024 800,082 10,259 810,341
DEPRECIATION
At 1 April 2023 660,545 10,259 670,804
Charge for year 69,300 - 69,300
Eliminated on disposal (56,623 ) - (56,623 )
At 31 March 2024 673,222 10,259 683,481
NET BOOK VALUE
At 31 March 2024 126,860 - 126,860
At 31 March 2023 209,234 - 209,234

The net carrying amount of company assets held under finance leases included in tangible fixed assets is £30,252 (2023: £40,763).

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 April 2023
and 31 March 2024 41,561
NET BOOK VALUE
At 31 March 2024 41,561
At 31 March 2023 41,561

Under a sale and purchase agreement dated 28 March 2019 the company acquired the entire share capital of First Call Traffic Management Limited in return for the issue of 6,139 Ordinary £0.01 shares in the company.

As the conditions for merger relief under sections 610-612 of the Companies Act 2016, the cost of the investment has been recorded at nominal value of shares issued (i.e. excluding any share premium) plus directly attributable costs.

7. DEBTORS
2024 2023
£ £
Amounts falling due within one year:
Trade debtors 9,025 -
Amounts owed by group undertakings 230,966 162,735
Other debtors 24,445 96,403
Unpaid share premium 337,793 337,793
Directors' current accounts 329,039 299,039
Tax - 49,768
Prepayments & accrued income 2,314 60,901
933,582 1,006,639

BML Utility Contractors Ltd (Registered number: 06579615)

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

7. DEBTORS - continued
2024 2023
£ £
Amounts falling due after more than one year:
Other debtors 96,403 -

Aggregate amounts 1,029,985 1,006,639

All intercompany debtor balances are interest free and repayable on demand.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts 10,206 17,992
Trade creditors 422,451 395,164
Tax - 23,083
Social security & other taxes 23,604 32,629
VAT 35,719 10,275
Other creditors 2,507 639
Accrued expenses 33,207 28,821
527,694 508,603

All intercompany creditor balances are interest free and repayable on demand.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Hire purchase contracts - 11,567

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is considered to be the BML Employee Ownership Trust by virtue of its majority shareholding in the entity.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
BML Utility Contractors 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 Utility Contractors Ltd for the year ended 31 March 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 Utility Contractors 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 Utility Contractors Ltd and state those matters that we have agreed to state to the Board of Directors of BML Utility Contractors 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 Utility Contractors Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that BML Utility Contractors 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 profit of BML Utility Contractors Ltd. You consider that BML Utility Contractors 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 Utility Contractors 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.






Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE


27 February 2025