Registration number: 07124373

BSM Building Limited

Contents

Company Information	1
Director's Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 10

BSM Building Limited

Company Information

Director

Mr Simon Moore

Registered office

1 New Ash Drive Coventry CV5 7QG

BSM Building Limited

Director's Report for the Year Ended 31 January 2025

The director presents his report and the financial statements for the year ended 31 January 2025.

Director of the company

The director who held office during the year was as follows:

Mr Simon Moore

Principal activity

The principal activity of the company is is that of building services.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 17 September 2025
 

......................................... Mr Simon Moore Director

BSM Building Limited

(Registration number: 07124373)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	14,599	18,636
Current assets
Stocks	6	2,500	4,508
Debtors	7	71,425	32,660
Cash at bank and in hand		135,917	63,402
		209,842	100,570
Creditors: Amounts falling due within one year	8	(99,191)	(58,038)
Net current assets		110,651	42,532
Total assets less current liabilities		125,250	61,168
Creditors: Amounts falling due after more than one year	8	(24,537)	(33,470)
Provisions for liabilities		(4,939)	(4,939)
Net assets		95,774	22,759
Capital and reserves
Called up share capital	10	200	200
Retained earnings		95,574	22,559
Shareholders' funds		95,774	22,759

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account and Director's Report.

Approved and authorised by the director on 17 September 2025
 

......................................... Mr Simon Moore Director

BSM Building Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 New Ash Drive
Coventry
CV5 7QG
England

These financial statements were authorised for issue by the director on 17 September 2025.

2	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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

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

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

BSM Building Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet 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
Motor vehicles	25% Reducing Balance Method
Tools and equipment	15% Reducing Balance Method
Computer equipment	33.33% Straight Line Method
Fixtures and Fittings	25% Reducing Balance Method
Plant and machinery	20% Reducing Balance Method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

BSM Building Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 3).

BSM Building Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	4,561	4,422

5	Tangible assets

	Properties under construction  £	Fixtures and fittings £	Plant and machinery £	Office equipment £
Cost or valuation
At 1 February 2024	2,069	374	1,651	3,963
Additions	269	-	-	255
At 31 January 2025	2,338	374	1,651	4,218
Depreciation
At 1 February 2024	1,808	337	591	2,812
Charge for the year	179	9	262	79
At 31 January 2025	1,987	346	853	2,891
Carrying amount
At 31 January 2025	351	28	798	1,327
At 31 January 2024	261	37	1,060	1,151

	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2024	27,195	35,252
Additions	-	524
At 31 January 2025	27,195	35,776
Depreciation
At 1 February 2024	11,068	16,616
Charge for the year	4,032	4,561
At 31 January 2025	15,100	21,177
Carrying amount
At 31 January 2025	12,095	14,599
At 31 January 2024	16,127	18,636

BSM Building Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

6

Stocks

	2025 £	2024 £
Work in progress	2,500	4,508

7

Debtors

Current	2025 £	2024 £
Trade debtors	17,522	-
Prepayments	2,889	133
Other debtors	51,014	32,527
	71,425	32,660

BSM Building Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	8,666	8,096
Trade creditors		8,972	9,093
Taxation and social security		81,553	31,637
Accruals and deferred income		-	3,275
Other creditors		-	5,937
		99,191	58,038

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	24,537	33,470

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	24,537	30,093
Hire purchase contracts	-	3,377
	24,537	33,470

10	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100
Ordinary A shares of £1 each	50	50	50	50
Ordinary B shares of £1 each	50	50	50	50
	200	200	200	200

BSM Building Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

11	Related party transactions

Transactions with the director

2025	At 1 February 2024 £	Advances to director £	Repayments by director £	At 31 January 2025 £
Loans to director	24,219	100,143	(81,219)	43,143

2024	At 1 February 2023 £	Advances to director £	Repayments by director £	At 31 January 2024 £
Loans to director	25,564	69,882	(71,227)	24,219

Interest has been charged at HMRC's beneficial loan interest rate on balances in excess of £10,000. The loan is repayable on demand.