Registered number
03138905
B.M. Injection Limited
Filleted Accounts
31 October 2024
B.M. Injection Limited
Registered number: 03138905
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,093,974 866,771
Investments 4 471,261 471,261
1,565,235 1,338,032
Current assets
Stocks and work in progress 260,884 359,264
Debtors 5 618,808 618,397
Cash at bank and in hand 460,469 289,696
1,340,161 1,267,357
Creditors: amounts falling due within one year 6 (671,276) (463,664)
Net current assets 668,885 803,693
Total assets less current liabilities 2,234,120 2,141,725
Creditors: amounts falling due after more than one year 7 (142,324) (190,097)
Net assets 2,091,796 1,951,628
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,091,696 1,951,528
Shareholders' funds 2,091,796 1,951,628
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Combes
Director
Approved by the board on 17 July 2025
B.M. Injection Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Plant and machinery 15% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 32 43
3 Tangible fixed assets
Fixtures and fittings Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 November 2023 67,133 2,069,244 25,456 2,161,833
Additions 9,347 412,574 - 421,921
Disposals - (21,710) - (21,710)
At 31 October 2024 76,480 2,460,108 25,456 2,562,044
Depreciation
At 1 November 2023 58,346 1,215,531 21,185 1,295,062
Charge for the year 3,501 188,659 1,068 193,228
On disposals - (20,220) - (20,220)
At 31 October 2024 61,847 1,383,970 22,253 1,468,070
Net book value
At 31 October 2024 14,633 1,076,138 3,203 1,093,974
At 31 October 2023 8,787 853,713 4,271 866,771
4 Investments
Other
investments
£
Cost
At 1 November 2023 471,261
At 31 October 2024 471,261
5 Debtors 2024 2023
£ £
Trade debtors 618,808 468,104
Other debtors - 150,293
618,808 618,397
6 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 85,128 71,227
Trade creditors 197,881 252,934
Directors loan account 5,330 2,130
Taxation and social security costs 21,239 20,978
Value Added Tax 91,452 76,166
Other creditors 270,246 40,229
671,276 463,664
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 135,695 178,986
Other creditors 6,629 11,111
142,324 190,097
8 Other information
B.M. Injection Limited is a private company limited by shares and incorporated in England.
Unit A7
Pegasus Court
Ardglen Road
Hampshire
RG28 7BP
B.M. Injection Limited 03138905 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts April 2024 M Combes No description of principal activity 03138905 2022-11-01 2023-10-31 03138905 core:WithinOneYear 2023-10-31 03138905 core:AfterOneYear 2023-10-31 03138905 core:ShareCapital 2023-10-31 03138905 core:RetainedEarningsAccumulatedLosses 2023-10-31 03138905 2023-11-01 2024-10-31 03138905 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 03138905 bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 03138905 bus:Director40 2023-11-01 2024-10-31 03138905 1 2023-11-01 2024-10-31 03138905 2 2023-11-01 2024-10-31 03138905 core:LandBuildings 2023-11-01 2024-10-31 03138905 core:PlantMachinery 2023-11-01 2024-10-31 03138905 core:Vehicles 2023-11-01 2024-10-31 03138905 countries:England 2023-11-01 2024-10-31 03138905 bus:FRS102 2023-11-01 2024-10-31 03138905 bus:FilletedAccounts 2023-11-01 2024-10-31 03138905 2024-10-31 03138905 core:WithinOneYear 2024-10-31 03138905 core:AfterOneYear 2024-10-31 03138905 core:ShareCapital 2024-10-31 03138905 core:RetainedEarningsAccumulatedLosses 2024-10-31 03138905 core:LandBuildings 2024-10-31 03138905 core:PlantMachinery 2024-10-31 03138905 core:Vehicles 2024-10-31 03138905 2023-10-31 03138905 core:LandBuildings 2023-10-31 03138905 core:PlantMachinery 2023-10-31 03138905 core:Vehicles 2023-10-31 iso4217:GBP xbrli:pure