Company registration number 12761321 (England and Wales)
Building Management Controls Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 September 2024
PAGES FOR FILING WITH REGISTRAR
Building Management Controls Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
Building Management Controls Ltd
Statement Of Financial Position
as at 30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
16,008
15,228
Current assets
Stocks
4,987
5,249
Debtors
4
185,826
281,200
Cash at bank and in hand
261,868
144,709
452,681
431,158
Creditors: amounts falling due within one year
5
(134,385)
(172,674)
Net current assets
318,296
258,484
Total assets less current liabilities
334,304
273,712
Creditors: amounts falling due after more than one year
6
(3,070)
(11,047)
Net assets
331,234
262,665
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
331,134
262,565
Total equity
331,234
262,665
Building Management Controls Ltd
Statement Of Financial Position (continued)
as at 30 September 2024
- 2 -
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 19 May 2025 and are signed on its behalf by:
S Shelton
Director
Company Registration No. 12761321
Building Management Controls Ltd
Notes to the financial statements
for the year ended 30 September 2024
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration 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 upon the provision of goods and services.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
20% reducing balance basis
Motor vehicles
20% straightline basis
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Building Management Controls Ltd
Notes to the financial statements (continued)
for the year ended 30 September 2024
1
Accounting policies
(continued)
- 4 -
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
8
8
3
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 October 2023
3,500
23,596
27,096
Additions
681
4,000
4,681
At 30 September 2024
4,181
27,596
31,777
Depreciation and impairment
At 1 October 2023
1,801
10,067
11,868
Depreciation charged in the year
461
3,440
3,901
At 30 September 2024
2,262
13,507
15,769
Carrying amount
At 30 September 2024
1,919
14,089
16,008
At 30 September 2023
1,699
13,529
15,228
Building Management Controls Ltd
Notes to the financial statements (continued)
for the year ended 30 September 2024
- 5 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
181,011
194,229
Other debtors
4,469
82,415
Prepayments and accrued income
346
4,556
185,826
281,200
5
Creditors: amounts falling due within one year
2024
2023
£
£
Obligations under hire purchase
3,988
Trade creditors
44,194
39,657
Corporation tax
65,759
89,671
Other taxation and social security
6,452
33,570
Other creditors
7,955
4,820
Accruals and deferred income
6,037
4,956
134,385
172,674
Obligations under hire purchase leases are secured against the assets to which they relate.
Building Management Controls Ltd
Notes to the financial statements (continued)
for the year ended 30 September 2024
- 6 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Obligations under hire purchase
3,070
11,047
Obligations under hire purchase leases are secured against the assets to which they relate.
7
Parent company
The company's parent company is Brookfield Trading Limited, a company registered in England and Wales, whose registered office is situated at Unit 2, Brookfield Works, Wood Street, Elland, West Yorkshire, HX5 9AP. Group accounts are available from Companies House, Crown Way, Maindy, CF14 3UZ.
8
Company information
Building Management Controls Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 2, Brookfield Works, Wood Street, Elland, West Yorkshire, HX5 9AP.