Caseware UK (AP4) 2023.0.135 2023.0.135 true42023-10-01false4trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04288960 2023-10-01 2024-09-30 04288960 2022-10-01 2023-09-30 04288960 2024-09-30 04288960 2023-09-30 04288960 c:Director1 2023-10-01 2024-09-30 04288960 d:MotorVehicles 2023-10-01 2024-09-30 04288960 d:MotorVehicles 2024-09-30 04288960 d:MotorVehicles 2023-09-30 04288960 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04288960 d:FurnitureFittings 2023-10-01 2024-09-30 04288960 d:FurnitureFittings 2024-09-30 04288960 d:FurnitureFittings 2023-09-30 04288960 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04288960 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04288960 d:FreeholdInvestmentProperty 2023-10-01 2024-09-30 04288960 d:FreeholdInvestmentProperty 2024-09-30 04288960 d:FreeholdInvestmentProperty 2023-09-30 04288960 d:CurrentFinancialInstruments 2024-09-30 04288960 d:CurrentFinancialInstruments 2023-09-30 04288960 d:Non-currentFinancialInstruments 2024-09-30 04288960 d:Non-currentFinancialInstruments 2023-09-30 04288960 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 04288960 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 04288960 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 04288960 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 04288960 d:ShareCapital 2024-09-30 04288960 d:ShareCapital 2023-09-30 04288960 d:OtherMiscellaneousReserve 2024-09-30 04288960 d:OtherMiscellaneousReserve 2023-09-30 04288960 d:RetainedEarningsAccumulatedLosses 2024-09-30 04288960 d:RetainedEarningsAccumulatedLosses 2023-09-30 04288960 c:OrdinaryShareClass1 2023-10-01 2024-09-30 04288960 c:OrdinaryShareClass1 2024-09-30 04288960 c:OrdinaryShareClass1 2023-09-30 04288960 c:FRS102 2023-10-01 2024-09-30 04288960 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04288960 c:FullAccounts 2023-10-01 2024-09-30 04288960 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04288960 2 2023-10-01 2024-09-30 04288960 6 2023-10-01 2024-09-30 04288960 3 2024-09-30 04288960 3 2023-09-30 04288960 f:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 04288960













BM Consulting Limited

Financial statements
Information for filing with the registrar

30 September 2024




 
BM Consulting Limited


Balance sheet
as at 30 September 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
102,222
85,316

Investments
 5 
1,751,996
1,679,679

Investment property
 6 
150,000
230,000

  
2,004,218
1,994,995

Current assets
  

Debtors
 7 
5,254
2,036

Cash at bank and in hand
  
14,427
6,358

  
19,681
8,394

Creditors: amounts falling due within one year
 8 
(143,049)
(84,743)

Net current liabilities
  
 
 
(123,368)
 
 
(76,349)

Total assets less current liabilities
  
1,880,850
1,918,646

Creditors: amounts falling due after more than one year
 9 
(95,088)
(79,316)

Provisions for liabilities
  

Deferred tax
  
(21,592)
(41,552)

  
 
 
(21,592)
 
 
(41,552)

Net assets
  
1,764,170
1,797,778


Capital and reserves
  

Called up share capital 
 10 
500
500

Other reserves
  
26,738
58,509

Profit and loss account
  
1,736,932
1,738,769

  
1,764,170
1,797,778


1

 
BM Consulting Limited

    
Balance sheet (continued)
as at 30 September 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 March 2025.




J C Barnsley
Director

Company registered number: 04288960
The notes on pages 3 to 9 form part of these financial statements. 

2

 
BM Consulting Limited
 
 

Notes to the financial statements
for the year ended 30 September 2024

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Flat 22 Aspect Court, Lensbury Avenue, London, England, SW6 4TN.

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been drawn up on the going concern basis. The company is dependent upon the continued support of the directors. The directors do not consider their support likely to be withdrawn and are therefore satisfied that the going concern basis of preparation is appropriate. 

 
2.3

Revenue

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

3

 
BM Consulting Limited
 

 
Notes to the financial statements
for the year ended 30 September 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Reducing balance
Fixtures and fittings
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

4

 
BM Consulting Limited
 

 
Notes to the financial statements
for the year ended 30 September 2024

2.Accounting policies (continued)

 
2.8

Investment properties

Investment properties are initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

 
2.9

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

5

 
BM Consulting Limited
 
 

Notes to the financial statements
for the year ended 30 September 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost


At 1 October 2023
146,760
150,938
297,698


Additions
61,420
806
62,226


Disposals
(63,170)
-
(63,170)



At 30 September 2024

145,010
151,744
296,754



Depreciation


At 1 October 2023
65,355
147,027
212,382


Charge for the year
20,351
1,112
21,463


Disposals
(39,313)
-
(39,313)



At 30 September 2024

46,393
148,139
194,532



Net book value



At 30 September 2024
98,617
3,605
102,222



At 30 September 2023
81,405
3,911
85,316

6

 
BM Consulting Limited
 
 

Notes to the financial statements
for the year ended 30 September 2024

5.


Fixed asset investments





Unquoted investments
Quoted investments
Total

£
£
£



Cost or valuation


At 1 October 2023
1,626,119
53,560
1,679,679


Additions
200,169
46
200,215


Disposals
(78,852)
(51,652)
(130,504)


Revaluations
-
2,606
2,606



At 30 September 2024
1,747,436
4,560
1,751,996






Net book value



At 30 September 2024
1,747,436
4,560
1,751,996



At 30 September 2023
1,626,119
53,560
1,679,679


6.


Investment property


Investment property

£



Valuation


At 1 October 2023
230,000


Disposals
(80,000)



At 30 September 2024
150,000





7.


Debtors

2024
2023
£
£


Amounts owed by joint ventures and associated undertakings
-
146

Other debtors
2,504
-

Prepayments
2,750
1,890

5,254
2,036


7

 
BM Consulting Limited
 
 

Notes to the financial statements
for the year ended 30 September 2024

8.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
372
-

Corporation tax
-
2,504

Other taxation and social security
4,607
8,218

Obligations under finance lease and hire purchase contracts
19,448
16,079

Other creditors
107,799
47,407

Accruals and deferred income
10,823
10,535

143,049
84,743



9.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
95,088
79,316

95,088
79,316



10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



500 (2023 : 500) Ordinary shares of £1.00 each
500
500


8

 
BM Consulting Limited
 
 

Notes to the financial statements
for the year ended 30 September 2024

11.


Related party transactions

During the year the company charged consultancy fees to Michael Noble Investments of £48,000 and Customs Connect of £8,400. These companies are related in terms of J C Barnsley being a director/partner in each.
The company held unquoted investments in the entities listed below, in which J C Barnsley is a director/partner. At the year end the amounts invested were as follows:


2024
2023
£
£

Barrall Holdings Partnership
1,599,253
1,442,215
Back of Avon Partnership
102,099
102,099
Napier Technologies
-
35,721
Customs Connect Group Limited
10,584
10,584
Fish Society
35,500
35,500
1,747,436
1,626,119

At the year end the company was owed £Nil (2023: £146) by New Abbey Properties Limited, a company in which J C Barnsley is a director and shareholder.


12.


Controlling party

The ultimate controlling parties are J C Barnsley and J I Mackenzie by virtue of their combined 81% interest in the issued share capital of the company.



 
9