Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-09false82023-09-01No description of principal activity13truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC238999 2023-09-01 2024-08-31 SC238999 2022-09-01 2023-08-31 SC238999 2024-08-31 SC238999 2023-08-31 SC238999 c:Director1 2023-09-01 2024-08-31 SC238999 c:Director2 2023-09-01 2024-08-31 SC238999 c:RegisteredOffice 2023-09-01 2024-08-31 SC238999 d:Buildings 2023-09-01 2024-08-31 SC238999 d:Buildings 2024-08-31 SC238999 d:Buildings 2023-08-31 SC238999 d:PlantMachinery 2023-09-01 2024-08-31 SC238999 d:PlantMachinery 2024-08-31 SC238999 d:PlantMachinery 2023-08-31 SC238999 d:MotorVehicles 2023-09-01 2024-08-31 SC238999 d:MotorVehicles 2024-08-31 SC238999 d:MotorVehicles 2023-08-31 SC238999 d:FurnitureFittings 2023-09-01 2024-08-31 SC238999 d:FurnitureFittings 2024-08-31 SC238999 d:FurnitureFittings 2023-08-31 SC238999 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-01 2024-08-31 SC238999 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-31 SC238999 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-31 SC238999 d:Goodwill 2023-09-01 2024-08-31 SC238999 d:Goodwill 2024-08-31 SC238999 d:Goodwill 2023-08-31 SC238999 d:FreeholdInvestmentProperty 2024-08-31 SC238999 d:FreeholdInvestmentProperty 3 2023-09-01 2024-08-31 SC238999 d:CurrentFinancialInstruments 2024-08-31 SC238999 d:CurrentFinancialInstruments 2023-08-31 SC238999 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 SC238999 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 SC238999 d:ShareCapital 2024-08-31 SC238999 d:ShareCapital 2023-08-31 SC238999 d:RetainedEarningsAccumulatedLosses 2024-08-31 SC238999 d:RetainedEarningsAccumulatedLosses 2023-08-31 SC238999 c:OrdinaryShareClass1 2023-09-01 2024-08-31 SC238999 c:OrdinaryShareClass1 2024-08-31 SC238999 c:OrdinaryShareClass1 2023-08-31 SC238999 c:FRS102 2023-09-01 2024-08-31 SC238999 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC238999 c:FullAccounts 2023-09-01 2024-08-31 SC238999 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC238999 2 2023-09-01 2024-08-31 SC238999 6 2023-09-01 2024-08-31 SC238999 f:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC238999










BMR INDUSTRIES Limited
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

 
BMR INDUSTRIES LTD
 

COMPANY INFORMATION


Directors
Mr B Robertson 
Mrs M Robertson 




Registered number
SC238999



Registered office
14 City Quay

Dundee

DD1 3JA




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
BMR INDUSTRIES LTD
REGISTERED NUMBER: SC238999

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
£
£

Fixed assets
  

Tangible fixed assets
  
-
250,946

Investments
 6 
-
100

Investment property
 7 
241,230
-

  
241,230
251,046

Current assets
  

Stocks
  
-
278,856

Debtors: amounts falling due within one year
 8 
587,510
154,397

Bank and cash balances
  
24,565
123,938

  
612,075
557,191

Creditors: amounts falling due within one year
 9 
(216,138)
(105,943)

Net current assets
  
 
 
395,937
 
 
451,248

Total assets less current liabilities
  
637,167
702,294

Provisions for liabilities
  

Deferred tax
  
(13,903)
(15,121)

  
 
 
(13,903)
 
 
(15,121)

Net assets
  
623,264
687,173


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
623,164
687,073

  
623,264
687,173


Page 1

 
BMR INDUSTRIES LTD
REGISTERED NUMBER: SC238999

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 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 income and retained earnings 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 9 May 2025.




Mr B Robertson
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BMR INDUSTRIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

BMR Industries Limited is a private company, limited by shares, domicilled in Scotland with registration number SC238999. The registered office is 14 City Quay, Dundee, DD1 3JA. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
BMR INDUSTRIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.4

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Land and buildings
-
2%
Plant and machinery
-
25%
Motor vehicles
-
25%
Fixtures and fittings
-
15%

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.

 
2.5

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Interest income

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

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
BMR INDUSTRIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

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 reporting 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 reporting 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 reporting date.


 
2.11

Investment property

Investment property is carried at fair value determined annually by the directors derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 13).

Page 5

 
BMR INDUSTRIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Intangible assets




Website
Goodwill
Total

£
£
£





At 1 September 2023
7,238
353,000
360,238


Disposals
(7,238)
(353,000)
(360,238)



At 31 August 2024

-
-
-





At 1 September 2023
7,238
353,000
360,238


On disposals
(7,238)
(353,000)
(360,238)



At 31 August 2024

-
-
-



Net book value



At 31 August 2024
-
-
-



At 31 August 2023
-
-
-




5.


Tangible fixed assets





Land and buildings
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£





At 1 September 2023
353,124
42,204
15,506
65,531
476,365


Disposals
-
(42,204)
(15,506)
(65,531)
(123,241)


Transfers between classes
(353,124)
-
-
-
(353,124)



At 31 August 2024

-
-
-
-
-





At 1 September 2023
111,894
38,577
11,631
63,317
225,419


Disposals
-
(38,577)
(11,631)
(63,317)
(113,525)


Transfers between classes
(111,894)
-
-
-
(111,894)



At 31 August 2024

-
-
-
-
-



Net book value



At 31 August 2024
-
-
-
-
-



At 31 August 2023
241,230
3,627
3,875
2,214
250,946

Page 6

 
BMR INDUSTRIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Fixed asset investments





Unlisted investments

£





At 1 September 2023
100


Disposals
(100)



At 31 August 2024
-





7.


Investment property


Freehold investment property

£



Valuation


Transfers between classes
241,230



At 31 August 2024
241,230

The 2024 valuations were made by the directors, on an open market value for existing use basis. 





8.


Debtors

2024
2023
£
£


Trade debtors
-
14,471

Other debtors
587,175
127,600

Prepayments and accrued income
335
12,326

587,510
154,397



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4
59,833

Other taxation and social security
55,413
37,478

Accruals and deferred income
160,721
8,632

216,138
105,943


Page 7

 
BMR INDUSTRIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1 each
100
100



11.


Transactions with directors

Included within other debtors at the year-end is £296,298 (2023 - £127,600) due by the directors to the company. During the year, £341,822 was advanced to the directors and £173,124 was repaid. The balance was repaid in full within 9 months of the year end.


Page 8