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REGISTERED NUMBER: 03085722 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BUILDING MONITORING SERVICES LIMITED

BUILDING MONITORING SERVICES LIMITED (REGISTERED NUMBER: 03085722)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BUILDING MONITORING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: D R Stansbury
A Brown



SECRETARY: B A Holloway



REGISTERED OFFICE: Royal House
3 Kingdom Close
Segensworth East
Fareham
Hampshire
PO15 5TJ



REGISTERED NUMBER: 03085722 (England and Wales)



ACCOUNTANTS: Holloway Cook Limited
Epping House
55 Russell Street
Reading
Berkshire
RG1 7XG



BANKERS: Barclays Bank plc
Crockhamwell Road
Woodley
Berkshire

BUILDING MONITORING SERVICES LIMITED (REGISTERED NUMBER: 03085722)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,370 37,123

CURRENT ASSETS
Debtors 5 506,792 524,880
Cash at bank and in hand 1,126,816 712,247
1,633,608 1,237,127
CREDITORS
Amounts falling due within one year 6 666,901 719,902
NET CURRENT ASSETS 966,707 517,225
TOTAL ASSETS LESS CURRENT
LIABILITIES

989,077

554,348

CAPITAL AND RESERVES
Called up share capital 901 901
Retained earnings 988,176 553,447
SHAREHOLDERS' FUNDS 989,077 554,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 8 April 2025 and were signed on its behalf by:





D R Stansbury - Director


BUILDING MONITORING SERVICES LIMITED (REGISTERED NUMBER: 03085722)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Building Monitoring Services 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.

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.
Short leasehold - not provided
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

BUILDING MONITORING SERVICES LIMITED (REGISTERED NUMBER: 03085722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Share-based payments
Employees of the company receive part of their remuneration in the form of share-based payment transactions, whereby employees render services in exchange for shares or rights over shares (equity settled transactions).

Equity settled share-based payments are measured at fair value at the date of grant. The fair value is calculated using an appropriate option pricing model. The fair value is expensed to the income statement on a straight-line basis over the vesting period, based on the company's estimate of the number of shares that will eventually vest.

For cash-settled share-based payments, a liability is recognised at the current fair value determined at each balance sheet date, taking into account performance conditions and the extent to which employees have rendered service to date, with any changes in fair value recognised in the profit or loss for the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 37 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 January 2024 577 32,549 31,644
Additions - - -
Disposals - - -
At 31 December 2024 577 32,549 31,644
DEPRECIATION
At 1 January 2024 - 32,549 26,232
Charge for year - - 1,239
Eliminated on disposal - - -
At 31 December 2024 - 32,549 27,471
NET BOOK VALUE
At 31 December 2024 577 - 4,173
At 31 December 2023 577 - 5,412

BUILDING MONITORING SERVICES LIMITED (REGISTERED NUMBER: 03085722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 44,496 70,861 124,121 304,248
Additions - - 4,588 4,588
Disposals - (70,861 ) - (70,861 )
At 31 December 2024 44,496 - 128,709 237,975
DEPRECIATION
At 1 January 2024 36,754 58,701 112,889 267,125
Charge for year 1,548 - 4,394 7,181
Eliminated on disposal - (58,701 ) - (58,701 )
At 31 December 2024 38,302 - 117,283 215,605
NET BOOK VALUE
At 31 December 2024 6,194 - 11,426 22,370
At 31 December 2023 7,742 12,160 11,232 37,123

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 461,642 486,339
Other debtors 45,150 38,541
506,792 524,880

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 24,531 34,343
Taxation and social security 399,253 448,204
Other creditors 243,117 237,355
666,901 719,902

BUILDING MONITORING SERVICES LIMITED (REGISTERED NUMBER: 03085722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. SHARE-BASED PAYMENTS

During the year ended 31 December 2020 an Enterprise Management Incentive Scheme (EMI) was set up.

The scheme comprises both conditional and unconditional option agreements, and consists of a maximum of 35,000 options to purchase shares within a 10 year period.

Management is required to use an appropriate pricing model to value the issue of equity to employees or those providing similar services. Any charge to the profit and loss account is therefore a function of the chosen pricing model, which is based on a range of assumptions.

During this year the total charge relating to employee share-based payment plans was £0 (2023: £0), all of which related to equity-settled share-based payment transactions.

After tax, the income statement charge was £0 (2023: £0).


2024 2023
Number Number

Granted at 3 November 2020 35,000 35,000
Outstanding at 31 December 2023 35,000 35,000

Exercisable as at 31 December 2023 10,000 10,000