BMS TECHNOLOGIES LTD

Company Registration Number:
07476052 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

BMS TECHNOLOGIES LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Additional notes
Balance sheet notes

BMS TECHNOLOGIES LTD

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 917 917
Tangible assets: 4 61,480 36,480
Total fixed assets: 62,397 37,397
Current assets
Stocks: 5 2,051,116 2,177,773
Debtors: 6 2,185,552 1,530,593
Cash at bank and in hand: 891,282 692,701
Total current assets: 5,127,950 4,401,067
Creditors: amounts falling due within one year: 7 ( 2,411,813 ) ( 2,081,227 )
Net current assets (liabilities): 2,716,137 2,319,840
Total assets less current liabilities: 2,778,534 2,357,237
Creditors: amounts falling due after more than one year: 8 ( 203,911 ) ( 357,397 )
Provision for liabilities: ( 2,031 ) ( 2,031 )
Total net assets (liabilities): 2,572,592 1,997,809
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 2,571,592 1,996,809
Total Shareholders' funds: 2,572,592 1,997,809

The notes form part of these financial statements

BMS TECHNOLOGIES LTD

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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 directors acknowledge their 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 7 August 2025
and signed on behalf of the board by:

Name: Mr Giles Briggs
Status: Director

The notes form part of these financial statements

BMS TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

    Tangible fixed assets depreciation policy

    Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Asset class Depreciation method and rate Plant and machinery 25% reducing balance Fixtures and fittings 25% straight line Motor vehicles 25% reducing balance

    Other accounting policies

    Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compliance These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. Basis of preparation These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value. The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound. Going concern After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements. Critical accounting judgements and key sources of estimation uncertainty In the application ofthe company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates arc recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. Judgements The directors consider that there are no key areas of judgement or estimation uncertainty to be disclosed in these financial statements. These financial statements do not contain any significant judgement or estimation uncertainty.

BMS TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 32 28

BMS TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2024 0 917 917
Additions
Disposals
Revaluations
Transfers
At 31 December 2024 0 917 917
Amortisation
At 1 January 2024 0 0 0
Charge for year 917 917
On disposals ( 917 ) ( 917 )
Other adjustments
At 31 December 2024 0 0 0
Net book value
At 31 December 2024 0 917 917
At 31 December 2023 0 917 917

BMS TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 36,480 36,480
Additions 25,000 25,000
Disposals
Revaluations
Transfers
At 31 December 2024 61,480 61,480
Depreciation
At 1 January 2024
Charge for year
On disposals
Other adjustments
At 31 December 2024
Net book value
At 31 December 2024 61,480 61,480
At 31 December 2023 36,480 36,480

BMS TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Stocks

2024 2023
£ £
Stocks 2,051,116 2,177,773
Total 2,051,116 2,177,773

BMS TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Debtors

2024 2023
£ £
Trade debtors 2,185,552 1,530,593
Total 2,185,552 1,530,593

BMS TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 1,187,958 812,554
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 723,094 321,643
Taxation and social security 492,364 811,182
Accruals and deferred income 8,397 8,397
Other creditors 127,451
Total 2,411,813 2,081,227

BMS TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

8. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 203,911 357,397
Total 203,911 357,397