Company Registration No. 03928428 (England and Wales)
BMC Electrical Services Limited
Unaudited accounts
for the year ended 30 September 2024
BMC Electrical Services Limited
Unaudited accounts
Contents
BMC Electrical Services Limited
Company Information
for the year ended 30 September 2024
Company Number
03928428 (England and Wales)
Registered Office
Claremont House 33 Green Lane
Idle
Bradford
West Yorkshireq
BD10 8RR
Accountants
Pearson & Associates
Suite E, Canal Wharf
Eshton Road
Gargrave, Skipton
North Yorkshire
BD23 3SE
BMC Electrical Services Limited
Statement of financial position
as at 30 September 2024
Tangible assets
4,171
5,562
Investments
480,465
340,000
Cash at bank and in hand
665,314
658,127
Creditors: amounts falling due within one year
(347,173)
(166,488)
Net current assets
675,864
615,215
Total assets less current liabilities
1,160,500
960,777
Provisions for liabilities
Deferred tax
(1,043)
(1,112)
Net assets
1,159,457
959,665
Called up share capital
100
100
Profit and loss account
1,159,357
959,565
Shareholders' funds
1,159,457
959,665
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 February 2025 and were signed on its behalf by
P Caton
Director
Company Registration No. 03928428
BMC Electrical Services Limited
Notes to the Accounts
for the year ended 30 September 2024
BMC Electrical Services Limited is a private company, limited by shares, registered in England and Wales, registration number 03928428. The registered office is Claremont House 33 Green Lane, Idle, Bradford, West Yorkshireq, BD10 8RR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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 accounts. 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 average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
BMC Electrical Services Limited
Notes to the Accounts
for the year ended 30 September 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Investments in shares are included at fair value.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2023
1,806
16,393
21,269
6,946
46,414
At 30 September 2024
1,806
16,393
21,269
6,946
46,414
At 1 October 2023
1,787
11,206
20,945
6,914
40,852
Charge for the year
5
1,297
81
8
1,391
At 30 September 2024
1,792
12,503
21,026
6,922
42,243
At 30 September 2024
14
3,890
243
24
4,171
At 30 September 2023
19
5,187
324
32
5,562
5
Investments
Other investments
Valuation at 1 October 2023
340,000
Fair value adjustments
40,465
Valuation at 30 September 2024
480,465
Amounts falling due within one year
Trade debtors
289,403
44,410
Accrued income and prepayments
-
4,500
Other debtors
22,500
22,500
BMC Electrical Services Limited
Notes to the Accounts
for the year ended 30 September 2024
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
234,092
117,491
Taxes and social security
111,010
39,607
Other creditors
2,071
1,029
Loans from directors
-
8,361
8
Average number of employees
During the year the average number of employees was 9 (2023: 9).