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REGISTERED NUMBER: 11469653 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 July 2024

for

BMC Wholesale Ltd

BMC Wholesale Ltd (Registered number: 11469653)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BMC Wholesale Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: R K McConnell





REGISTERED OFFICE: 64 - 66 Outram Street
Sutton in Ashfield
Nottinghamshire
NG17 4FS





REGISTERED NUMBER: 11469653 (England and Wales)





ACCOUNTANTS: D. K. Rumsby & Co Limited
3 Colwick Quays
Colwick
Nottingham
Nottinghamshire
NG4 2JY

BMC Wholesale Ltd (Registered number: 11469653)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 41 55

CURRENT ASSETS
Stocks 402 9,800
Debtors 5 88,448 91,661
Cash at bank 15,409 5,254
104,259 106,715
CREDITORS
Amounts falling due within one year 6 (76,187 ) (73,781 )
NET CURRENT ASSETS 28,072 32,934
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,113

32,989

CREDITORS
Amounts falling due after more than one
year

7

(27,105

)

(28,174

)

PROVISIONS FOR LIABILITIES (8 ) (10 )
NET ASSETS 1,000 4,805

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 900 4,705
SHAREHOLDERS' FUNDS 1,000 4,805

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

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

BMC Wholesale Ltd (Registered number: 11469653)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 October 2024 and were signed by:





R K McConnell - Director


BMC Wholesale Ltd (Registered number: 11469653)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

BMC Wholesale 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

BMC Wholesale Ltd (Registered number: 11469653)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 230
DEPRECIATION
At 1 August 2023 175
Charge for year 14
At 31 July 2024 189
NET BOOK VALUE
At 31 July 2024 41
At 31 July 2023 55

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 25,870 17,497
Other debtors 62,578 74,164
88,448 91,661

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 14,004 18,993
Taxation and social security 37,882 29,336
Other creditors 24,301 25,452
76,187 73,781

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 27,105 28,174

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,266 17,841

BMC Wholesale Ltd (Registered number: 11469653)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
R K McConnell
Balance outstanding at start of year 59,790 36,981
Amounts advanced 45,829 40,540
Amounts repaid (57,779 ) (17,731 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 47,840 59,790

During the year interest of £1,575 (2023:£1,351) was charged on the directors loan account at a rate of 2.5%.