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REGISTERED NUMBER: 01358388 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024

FOR

B M W SHIPPING AGENTS LIMITED

B M W SHIPPING AGENTS LIMITED (REGISTERED NUMBER: 01358388)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30th April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


B M W SHIPPING AGENTS LIMITED

COMPANY INFORMATION
for the year ended 30th April 2024







DIRECTOR: Mrs J M Etheridge





SECRETARY: G A Lee





REGISTERED OFFICE: Unit 7 Longbridge Industrial Estate
Floating Bridge Road
Southampton
Hampshire
SO14 3FL





REGISTERED NUMBER: 01358388 (England and Wales)





AUDITORS: Chegwidden & Co
Statutory Auditors
Chartered Accountants
Priestley House
Priestley Gardens
Chadwell Heath
Essex
RM6 4SN

B M W SHIPPING AGENTS LIMITED (REGISTERED NUMBER: 01358388)

ABRIDGED BALANCE SHEET
30th April 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 9,285 10,428

CURRENT ASSETS
Debtors 108,912 107,846
Cash at bank and in hand 49,932 49,135
158,844 156,981
CREDITORS
Amounts falling due within one year 94,941 70,717
NET CURRENT ASSETS 63,903 86,264
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,188

96,692

PROVISIONS FOR LIABILITIES - 1,836
NET ASSETS 73,188 94,856

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 63,188 84,856
SHAREHOLDERS' FUNDS 73,188 94,856

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10th May 2025 and were signed by:





Mrs J M Etheridge - Director


B M W SHIPPING AGENTS LIMITED (REGISTERED NUMBER: 01358388)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30th April 2024

1. STATUTORY INFORMATION

B M W Shipping Agents Limited 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.

Rendering of services - When providing day services, turnover is usually recognised on completion of the service and, for monthly engagements, it is recognised by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold Improvements - 25% on reducing balance
Fixtures and fittings - 10% on reducing balance

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

B M W SHIPPING AGENTS LIMITED (REGISTERED NUMBER: 01358388)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30th April 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st May 2023
and 30th April 2024 34,170
DEPRECIATION
At 1st May 2023 23,742
Charge for year 1,143
At 30th April 2024 24,885
NET BOOK VALUE
At 30th April 2024 9,285
At 30th April 2023 10,428

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 9,600 8,975

B M W SHIPPING AGENTS LIMITED (REGISTERED NUMBER: 01358388)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30th April 2024

6. SECURED DEBTS

The bank hold a fixed and floating charge over all other assets dates 7th January 1982 and a guarantee in favour of H M Revenue & Customs for £ 100,000.

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Harris (Senior Statutory Auditor)
for and on behalf of Chegwidden & Co

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2024 and 30th April 2023:

2024 2023
£    £   
Mrs J M Etheridge
Balance outstanding at start of year 31,755 31,928
Amounts advanced 30,284 39,264
Amounts repaid (40,302 ) (39,437 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,737 31,755

9. RELATED PARTY DISCLOSURES

Buckle Management & Holdings Limited is the ultimate holding company for BMW Shipping Agents Limited.

Trading transactions
Sales Purchase
Ledger Ledger Balances at
Transactions Transactions 30.4.2024
£ £ £
Mrs J Buckle -
Buckle Management &
Holdings Ltd - 22,333 8,695

Buckle Shipping (Ipswich)
Limited - - -


10. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

B M W SHIPPING AGENTS LIMITED (REGISTERED NUMBER: 01358388)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30th April 2024

11. ULTIMATE CONTROLLING PARTY

At 30th April 2024, the ultimate holding company was Buckle Management and Holdings Limited, a company incorporated in England.