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REGISTERED NUMBER: 01610451 (England and Wales)















B.M.S. (COOKWARE) LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2025






B.M.S. (COOKWARE) LIMITED (REGISTERED NUMBER: 01610451)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


B.M.S. (COOKWARE) LIMITED

Company Information
for the Year Ended 31 March 2025







DIRECTORS: V K Korotane
M L Korotane
M L Korotane
C L Korotane
V Korotane





SECRETARY: M L Korotane





REGISTERED OFFICE: 87 Brookvale Road
Witton
Birmingham
West Midlands
B6 7AR





REGISTERED NUMBER: 01610451 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

B.M.S. (COOKWARE) LIMITED (REGISTERED NUMBER: 01610451)

Abridged Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,313,183 3,316,583
Investments 5 50,000 50,000
3,363,183 3,366,583

CURRENT ASSETS
Debtors 565,822 578,791
Cash at bank 4,652 5,627
570,474 584,418
CREDITORS
Amounts falling due within one year 297,210 304,660
NET CURRENT ASSETS 273,264 279,758
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,636,447

3,646,341

CREDITORS
Amounts falling due after more than one
year

6

(1,207,892

)

(1,198,305

)

PROVISIONS FOR LIABILITIES (473,417 ) (473,417 )
NET ASSETS 1,955,138 1,974,619

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Revaluation reserve 8 2,393,575 2,393,575
Retained earnings (468,437 ) (448,956 )
SHAREHOLDERS' FUNDS 1,955,138 1,974,619

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

B.M.S. (COOKWARE) LIMITED (REGISTERED NUMBER: 01610451)

Abridged Balance Sheet - continued
31 March 2025


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 July 2025 and were signed on its behalf by:





V K Korotane - Director


B.M.S. (COOKWARE) LIMITED (REGISTERED NUMBER: 01610451)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

B.M.S. (Cookware) 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 5% on cost

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

B.M.S. (COOKWARE) LIMITED (REGISTERED NUMBER: 01610451)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 April 2024
and 31 March 2025 3,318,000
DEPRECIATION
At 1 April 2024 1,417
Charge for year 3,400
At 31 March 2025 4,817
NET BOOK VALUE
At 31 March 2025 3,313,183
At 31 March 2024 3,316,583

Cost or valuation at 31 March 2025 is represented by:

Totals
£   
Valuation in 2016 1,377,025
Valuation in 2022 1,255,000
Cost 685,975
3,318,000

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025 2024
£    £   
Cost 617,975 617,975

Value of land in freehold land and buildings 3,250,000 3,250,000

Freehold land and buildings were valued on an open market basis on 31 March 2022 by the directors .

The net book value of tangible fixed assets includes £63,183 (2024 - £nil) in respect of assets held under hire purchase agreements.

B.M.S. (COOKWARE) LIMITED (REGISTERED NUMBER: 01610451)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2024
and 31 March 2025 50,000
NET BOOK VALUE
At 31 March 2025 50,000
At 31 March 2024 50,000

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2025 2024
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 599,548 623,961

7. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 47,600 -
Bank loans 1,330,070 1,354,485
1,377,670 1,354,485

The bank loans are secured by way of a debenture on company assets.
The hire purchase liability is held against the assets in which it relates.

8. RESERVES
Revaluation
reserve
£   
At 1 April 2024
and 31 March 2025 2,393,575