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REGISTERED NUMBER: 04802485 (England and Wales)


























FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

B M H SCAFFOLDING LIMITED

B M H SCAFFOLDING LIMITED (REGISTERED NUMBER: 04802485)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


B M H SCAFFOLDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: Mr C P Watson
Mr S D McSpadden





SECRETARY: Mrs K A Rousell





REGISTERED OFFICE: Unit 2 Plymouth Avenue
Brookhill Industrial Estate
Pinxton
Derbyshire
NG16 6RA





REGISTERED NUMBER: 04802485 (England and Wales)





AUDITORS: Langdowns DFK Limited
Statutory Auditor
Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD

B M H SCAFFOLDING LIMITED (REGISTERED NUMBER: 04802485)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 2,363,641 1,801,173
2,363,641 1,801,173

CURRENT ASSETS
Debtors 7 2,347,596 1,705,439
Cash at bank and in hand 119,555 98,610
2,467,151 1,804,049
CREDITORS
Amounts falling due within one year 8 3,145,378 1,837,223
NET CURRENT LIABILITIES (678,227 ) (33,174 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,685,414

1,767,999

CREDITORS
Amounts falling due after more than one
year

9

(289,576

)

(404,630

)

PROVISIONS FOR LIABILITIES (567,005 ) (425,479 )
NET ASSETS 828,833 937,890

CAPITAL AND RESERVES
Called up share capital 11 102 102
Share based payments 1,187 -
Retained earnings 827,544 937,788
SHAREHOLDERS' FUNDS 828,833 937,890

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 26th June 2025 and were signed on its behalf by:





Mr C P Watson - Director


B M H SCAFFOLDING LIMITED (REGISTERED NUMBER: 04802485)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. STATUTORY INFORMATION

B M H Scaffolding 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover and profit recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents amounts due on contracts completed in the year adjusted for turnover attributable to long term work in progress, excluding value added tax and trade discounts.

Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value based on the percentage deemed complete by the assessment of the quantity surveyor for both B M H Scaffolding Limited and the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen.

Cumulative turnover is compared with total payments on account. If turnover exceeds payments on account, an amount recoverable on contract is recognised and separately disclosed within debtors.

If payments on account are greater than turnover to date, the excess is classified within creditors.

Turnover from a contract to provide services is recognised when all of the following conditions are satisfied:

- the amount of turnover can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

B M H SCAFFOLDING LIMITED (REGISTERED NUMBER: 04802485)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - Over the remaining term of the lease
Plant and machinery - 25% on reducing balance and 10% straight line
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% straight line

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 in the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are
recognised within costs of sales or administrative expenses, dependant upon it's nature.

Financial instruments
Basic financial instruments in debtors and creditors with no stated interest rate, and receivable or payable within one year are recorded at transactional price. Any losses arising from impairment are recognised in the income statement in other administrant expenses.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

B M H SCAFFOLDING LIMITED (REGISTERED NUMBER: 04802485)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Assets that are held by the company under leases which transfer substantially all the risk and rewards of ownership are classified as being held under hire purchase or finance leases. Leases which do not transfer substantially all the risk and rewards of ownership are classified as operating leases.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. Assets obtained under hire purchase contracts and finance leases are capitalized as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such arrangements are included in creditors net of the finance charge allocated to future periods.

The finance element of the rental payment is charged to the statement of income and retained earnings so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Pension costs and other post-retirement benefits

The company contributes to a defined contribution pension scheme for its employees. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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 the statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Share based payments
The company has entered into a share based payment arrangement in respect of equities issued. Share based payments are accounted for in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Share based payments are recognised in the Financial Statements on the basis of the fair value of the shares at the balance sheet date in consideration with the hurdle value and the fair value of the shares at the grant date.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2023 - 57 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2023
and 30th September 2024 45,000
AMORTISATION
At 1st October 2023
and 30th September 2024 45,000
NET BOOK VALUE
At 30th September 2024 -
At 30th September 2023 -

B M H SCAFFOLDING LIMITED (REGISTERED NUMBER: 04802485)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


6. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st October 2023 175,137 2,020,451 33,689
Additions - 790,693 -
Disposals - - -
At 30th September 2024 175,137 2,811,144 33,689
DEPRECIATION
At 1st October 2023 89,784 580,076 23,507
Charge for year 55,713 185,787 2,036
Eliminated on disposal - - -
At 30th September 2024 145,497 765,863 25,543
NET BOOK VALUE
At 30th September 2024 29,640 2,045,281 8,146
At 30th September 2023 85,353 1,440,375 10,182

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st October 2023 428,945 14,899 2,673,121
Additions 97,990 6,854 895,537
Disposals (47,845 ) - (47,845 )
At 30th September 2024 479,090 21,753 3,520,813
DEPRECIATION
At 1st October 2023 169,245 9,336 871,948
Charge for year 70,635 3,978 318,149
Eliminated on disposal (32,925 ) - (32,925 )
At 30th September 2024 206,955 13,314 1,157,172
NET BOOK VALUE
At 30th September 2024 272,135 8,439 2,363,641
At 30th September 2023 259,700 5,563 1,801,173

B M H SCAFFOLDING LIMITED (REGISTERED NUMBER: 04802485)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


6. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st October 2023 223,534
Additions 97,990
At 30th September 2024 321,524
DEPRECIATION
At 1st October 2023 46,941
Charge for year 51,668
At 30th September 2024 98,609
NET BOOK VALUE
At 30th September 2024 222,915
At 30th September 2023 176,593

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 284,670 316,694
Amounts recoverable on contract 1,533,103 1,079,986
Other debtors 529,823 308,759
2,347,596 1,705,439

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 23,262 5,080
Payments on account 11,765 -
Trade creditors 1,475,907 680,450
Amounts owed to group undertakings 621,235 2,571
Amounts owed to associates 12,064 -
Taxation and social security 80,673 79,712
Other creditors 910,472 1,059,410
3,145,378 1,837,223

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,167 19,167
Hire purchase contracts 65,907 -
Other creditors 214,502 385,463
289,576 404,630

B M H SCAFFOLDING LIMITED (REGISTERED NUMBER: 04802485)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 19,167 29,167
Other loans 500,905 1,028,783
Hire purchase contracts 89,169 5,080
609,241 1,063,030

Bank loans are secured by way of a debenture, borrowed under the Coronavirus Business Interruption Loan Scheme from the UK Government and a guarantee and debenture given by the company and other related companies.

The other loans and hire purchase contracts are secured over the assets to which they relate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value:
2024 2023
200 Ordinary 50p 100 100
2 A1 Ordinary 50p 1 1
2 A2 Ordinary 50p 1 1
102 102

During the previous year, all ordinary £1 shares were subdivided into Ordinary 50p shares.

During the previous year, 2 A1 Ordinary shares of 50p each were allotted and fully paid at par value.

During the previous year, 2 A2 Ordinary shares of 50p each were allotted and fully paid at par value.

The rights of the shares are as follows:

Each holder of Ordinary Shares, A1 Shares and A2 Shares shall be entitled to receive notice of, attend and vote at general meetings of the company. Each share is entitled to one vote in any circumstances.

Dividends may be declared on one or several classes of shares to the exclusion of any class or classes and dividends at different rates may be declared on the respective classes of shares.

Upon an Exit Event, the Exit Proceeds shall be applied on the following basis and in the following order of priority:

Firstly, in paying to the holders of the Ordinary Shares, an aggregate amount up to but not exceeding £1,600,000, which shall be distributed to the holders of the Ordinary Shares pro rata to the amount paid up on the Ordinary Shares held by each such holder.

Secondly, in distributing the balance to the holders of the Ordinary Shares, A1 Shares and A2 Shares pro rata to the amount paid up on those shares held by each such holder.

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

The Report of the Auditors was unqualified.

Graham Taylor (Senior Statutory Auditor)
for and on behalf of Langdowns DFK Limited

B M H SCAFFOLDING LIMITED (REGISTERED NUMBER: 04802485)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


13. PENSION COMMITMENTS

The company contributes to a defined contribution pension scheme for their directors and employees. There were unpaid contributions due at the end of the period in relation to the schemes amounting to £5,353 (2023: £5,463). The amount recognised as an expense in the year was £43,770 (2023: £60,957).

14. OTHER FINANCIAL COMMITMENTS

Total future financial commitments and contingencies which are not included in the balance sheet amount to £52,000 (2023: £104,000). This amount is in relation to operating lease commitments which are payable over the next year (2023: two) years.

The company has given cross guarantees to banks and other financial institutions for other group and related companies' debts. The debt guaranteed at 30 September 2024 amounted to £342,575 (2023: £529,789).

15. RELATED PARTY DISCLOSURES

Entities with control, joint control or significant influence over the entity
20242023
££
Motor costs 30,1068,728
Consultancy costs60,980-
Dividends paid482,572-
Amount due to related party633,2992,571

The amounts due to entities with control, joint control or significant influence over the entity are unsecured, interest free and there are no fixed dates of repayment.

As a result of the share purchase agreement during the year between the company's parent company, BMH Group Holdings Limited, and the company which has significant influence over the company, the directors must use their respective endeavours to ensure that any distributable profits of the company (represented by cash in excess of the company's provision for working capital, capital expenditure and other exceptional requirements) shall be distributed from time to time with the intention of the deferred consideration being settled as soon as practicable.

Key management personnel of the entity or its parent (in the aggregate)
20242023
££
Key management personnel compensation94,864153,387
Share based payments1,187-
Amount due to related party-17,908
Dividends paid10,2442,910

The amounts due to key management personnel are unsecured, interest free and there are no fixed dates of repayment.

Other related parties
20242023
££
Sales622,437119,740
Management charges receivable-8,000
Rental income49,49458,992
Management charges payable253,655226,670
Subcontractor costs32,67016,640
Motor costs 9,304-
Provision of services from related party160,757163,871
Amounts due to related party787,387318,236
Amounts due from related party 25,98111,322

The amounts due to and from other related parties are unsecured, interest free and there are no fixed dates of repayment.

B M H SCAFFOLDING LIMITED (REGISTERED NUMBER: 04802485)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


16. SHARE-BASED PAYMENT TRANSACTIONS

During the previous year, Ordinary A shares were allotted at par value. The expected future sale price (Good Leaver Price) of the shares is linked to the shareholder being a Good Leaver and therefore the continued provision of services, as well as being subject to a Hurdle Value. The equity settled scheme's grant date is therefore based on the expected exit event date, estimated as being the retirement of the shareholders.

The value of the equity instruments granted at the balance sheet date is based on the Good Leaver Price at the balance sheet date as defined by the company's Memorandum and Articles of Association, divided by the vesting period, being the expected number of years until the grant date.

17. ULTIMATE PARENT COMPANY

The immediate and ultimate parent company is BMH Group Holdings Limited (registered number 10287962).

The largest and smallest group which includes the company and for which group financial statements are prepared is BMH Group Holdings Limited. Group accounts will be available from Companies House. The registered office address for BMH Group Holdings Limited is Unit 2 Plymouth Avenue, Brookhill Industrial Estate, Pinxton, Derbyshire, England, NG16 6RA.