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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
Page
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BMC Electrical Services Limited Company Information for the year ended 30 September 2024
Director
P Caton
Secretary
P Caton
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
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BMC Electrical Services Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,171 
5,562 
Investments
480,465 
340,000 
484,636 
345,562 
Current assets
Inventories
45,820 
52,166 
Debtors
311,903 
71,410 
Cash at bank and in hand
665,314 
658,127 
1,023,037 
781,703 
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 
Capital and reserves
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
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BMC Electrical Services Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 taxation
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.
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BMC Electrical Services Limited Notes to the Accounts for the year ended 30 September 2024
Leased assets
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
Investments in shares are included at fair value.
4
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 
Depreciation
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 
Net book value
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 
Additions
100,000 
Fair value adjustments
40,465 
Valuation at 30 September 2024
480,465 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
289,403 
44,410 
Accrued income and prepayments
- 
4,500 
Other debtors
22,500 
22,500 
311,903 
71,410 
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BMC Electrical Services Limited Notes to the Accounts for the year ended 30 September 2024
7
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 
347,173 
166,488 
8
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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