BrightAccountsProduction v1.0.0 v1.0.0 2024-03-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts 26 March 2025 13217809 2025-02-28 13217809 2024-02-29 13217809 2023-02-28 13217809 2024-03-01 2025-02-28 13217809 2023-03-01 2024-02-29 13217809 uk-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 13217809 uk-curr:PoundSterling 2024-03-01 2025-02-28 13217809 uk-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 13217809 uk-bus:FullAccounts 2024-03-01 2025-02-28 13217809 uk-bus:Director1 2024-03-01 2025-02-28 13217809 uk-bus:Director2 2024-03-01 2025-02-28 13217809 uk-bus:RegisteredOffice 2024-03-01 2025-02-28 13217809 uk-bus:Agent1 2024-03-01 2025-02-28 13217809 uk-core:ShareCapital 2025-02-28 13217809 uk-core:ShareCapital 2024-02-29 13217809 uk-core:RetainedEarningsAccumulatedLosses 2025-02-28 13217809 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 13217809 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-02-28 13217809 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-02-29 13217809 uk-bus:FRS102 2024-03-01 2025-02-28 13217809 uk-core:FurnitureFittingsToolsEquipment 2024-03-01 2025-02-28 13217809 uk-core:CurrentFinancialInstruments 2025-02-28 13217809 uk-core:CurrentFinancialInstruments 2024-02-29 13217809 uk-core:WithinOneYear 2025-02-28 13217809 uk-core:WithinOneYear 2024-02-29 13217809 uk-core:AfterOneYear 2025-02-28 13217809 uk-core:AfterOneYear 2024-02-29 13217809 uk-core:WithinOneYear 2025-02-28 13217809 uk-core:WithinOneYear 2024-02-29 13217809 uk-core:BetweenOneTwoYears 2025-02-28 13217809 uk-core:BetweenOneTwoYears 2024-02-29 13217809 uk-core:BetweenTwoFiveYears 2025-02-28 13217809 uk-core:BetweenTwoFiveYears 2024-02-29 13217809 2024-03-01 2025-02-28 13217809 uk-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 13217809
 
 
Junction 1 BM Limited
 
Unaudited Financial Statements
 
for the financial year ended 28 February 2025
Junction 1 BM Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Josh Allen
Leighton Lathrope
 
 
Company Registration Number 13217809
 
 
Registered Office and Business Address Unit 1, Brent Road
Stockport
SK4 2LD
 
 
Accountants Langers
Chartered Certified Accountants
8-10 Gatley Road
Cheadle
Cheshire
SK8 1PY
GB



Junction 1 BM Limited
Company Registration Number: 13217809
STATEMENT OF FINANCIAL POSITION
as at 28 February 2025

2025 2024
Notes £ £
 
Non-Current Assets
Property, plant and equipment 4 15,981 33,778
───────── ─────────
 
Current Assets
Stocks 5 10,000 10,000
Debtors 6 45,218 29,259
Cash and cash equivalents 88,266 17,599
───────── ─────────
143,484 56,858
───────── ─────────
Creditors: amounts falling due within one year 7 (95,846) (56,000)
───────── ─────────
Net Current Assets 47,638 858
───────── ─────────
Total Assets less Current Liabilities 63,619 34,636
 
Creditors:
amounts falling due after more than one year 8 (18,728) (29,571)
───────── ─────────
Net Assets 44,891 5,065
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Retained earnings 44,889 5,063
───────── ─────────
Equity attributable to owners of the company 44,891 5,065
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.
           
For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 26 March 2025 and signed on its behalf by
           
           
________________________________          
Josh Allen          
Director          
           
           
________________________________
Leighton Lathrope
Director
           



Junction 1 BM Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 28 February 2025

   
1. General Information
 
Junction 1 BM Limited is a company limited by shares incorporated and registered in England. The registered number of the company is 13217809. The registered office of the company is Unit 1, Brent Road, Stockport, SK4 2LD which is also the principal place of business of the company. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 28 February 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 25% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Property, plant and equipment held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Statement of Financial Position at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Income Statement.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 3, (2024 - 3).
 
  2025 2024
  Number Number
 
Directors 2 2
Non-directors 1 1
  ───────── ─────────
  3 3
  ═════════ ═════════
       
4. Property, plant and equipment
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 March 2024 89,180 89,180
Additions 5,994 5,994
  ───────── ─────────
At 28 February 2025 95,174 95,174
  ───────── ─────────
Depreciation
At 1 March 2024 55,402 55,402
Charge for the financial year 23,791 23,791
  ───────── ─────────
At 28 February 2025 79,193 79,193
  ───────── ─────────
Net book value
At 28 February 2025 15,981 15,981
  ═════════ ═════════
At 29 February 2024 33,778 33,778
  ═════════ ═════════
       
5. Stocks 2025 2024
  £ £
 
Raw materials 10,000 10,000
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
6. Debtors 2025 2024
  £ £
 
Trade debtors 42,025 26,516
Prepayments and accrued income 3,193 2,743
  ───────── ─────────
  45,218 29,259
  ═════════ ═════════
       
7. Creditors 2025 2024
Amounts falling due within one year £ £
 
User definable loan desc. 10,806 9,500
Taxation  (Note 9) 38,685 3,581
Directors' current accounts 45,525 42,128
Accruals 830 791
  ───────── ─────────
  95,846 56,000
  ═════════ ═════════
       
8. Creditors 2025 2024
Amounts falling due after more than one year £ £
 
Bank loan 18,728 29,571
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 7) 10,806 9,500
Repayable between one and two years 10,638 10,843
Repayable between two and five years 8,090 18,728
  ───────── ─────────
  29,534 39,071
  ═════════ ═════════
 
       
9. Taxation 2025 2024
  £ £
 
Creditors:
VAT 14,452 3,488
Corporation tax 24,057 -
PAYE / NI 129 48
Pension control 47 45
  ───────── ─────────
  38,685 3,581
  ═════════ ═════════
       
10. Capital commitments
 
The company had no material capital commitments at the financial year-ended 28 February 2025.
           
11. Related party transactions
 
At 28 February 2025 the company owed £45,525 to the directors (2024: £42,128). No interest has been charged to the company in respect of these loans which are repayable on demand and classified in creditors due within one year.
   
12. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.