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Company No: 14491561 (England and Wales)

BCM PLUMBING & HEATING SOLUTIONS LTD

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

BCM PLUMBING & HEATING SOLUTIONS LTD

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

BCM PLUMBING & HEATING SOLUTIONS LTD

BALANCE SHEET

As at 30 November 2024
BCM PLUMBING & HEATING SOLUTIONS LTD

BALANCE SHEET (continued)

As at 30 November 2024
Note 30.11.2024 30.11.2023
£ £
Fixed assets
Tangible assets 3 7,418 8,681
7,418 8,681
Current assets
Debtors 4 9,332 1,111
Cash at bank and in hand 14,015 4,445
23,347 5,556
Creditors: amounts falling due within one year ( 5,714) ( 5,773)
Net current assets/(liabilities) 17,633 (217)
Total assets less current liabilities 25,051 8,464
Provision for liabilities 5 ( 1,410) ( 1,649)
Net assets 23,641 6,815
Capital and reserves
Called-up share capital 1 1
Profit and loss account 23,640 6,814
Total shareholder's funds 23,641 6,815

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of BCM Plumbing & Heating Solutions Ltd (registered number: 14491561) were approved and authorised for issue by the Director on 29 April 2025. They were signed on its behalf by:

Mr B C Mason
Director
BCM PLUMBING & HEATING SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
BCM PLUMBING & HEATING SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

BCM Plumbing & Heating Solutions Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ellersley Bohays Drive, Wyke Regis, Weymouth, DT4 9NN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Vehicles 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

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. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

Year ended
30.11.2024
Period from
17.11.2022 to
30.11.2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

The company is run and administered by the director of the company for whom no formal contract of service is in place.

3. Tangible assets

Plant and machinery Vehicles Total
£ £ £
Cost
At 01 December 2023 2,113 8,489 10,602
Additions 499 0 499
At 30 November 2024 2,612 8,489 11,101
Accumulated depreciation
At 01 December 2023 280 1,641 1,921
Charge for the financial year 392 1,370 1,762
At 30 November 2024 672 3,011 3,683
Net book value
At 30 November 2024 1,940 5,478 7,418
At 30 November 2023 1,833 6,848 8,681

4. Debtors

30.11.2024 30.11.2023
£ £
Other debtors 9,332 1,111

5. Provision for liabilities

30.11.2024 30.11.2023
£ £
Deferred tax 1,410 1,649

6. Related party transactions

Transactions with the entity's director

The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 December 2023, the balance owed to Mr B C Mason was £4,142. During the year, £12,783 was advanced, and £420 was repaid. At 30 November 2024, the balance owed by Mr B C Mason was £8,562.

At 1 December 2022, the balance owed to Mr B C Mason was £0. During the year, £13,301 was advanced, and £17,443 was repaid. At 30 November 2023, the balance owed to Mr B C Mason was £4,142.