B&M Surface Systems UK Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 09362195

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		42,765		17,110

			42,765		17,110
CURRENT ASSETS
Stocks	5	148,600		114,097
Debtors	6	198,674		172,636
Cash at bank and in hand		314,338		209,997

		661,612		496,730
Creditors: Amounts Falling Due Within One Year	7	(660,771 )		(364,799 )

NET CURRENT ASSETS (LIABILITIES)			841		131,931

TOTAL ASSETS LESS CURRENT LIABILITIES			43,606		149,041

NET ASSETS			43,606		149,041

CAPITAL AND RESERVES
Called up share capital	9		100,000		100,000
Profit and Loss Account			(56,394 )		49,041

SHAREHOLDERS' FUNDS			43,606		149,041

For the year ending 31 December 2024 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

G T Carter

Director

28th March 2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

B&M Surface Systems UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09362195 . The registered office is Unit 10, Cirrus Park, Lower Farm Road, Moulton Park, Northampton, Northamptonshire, NN3 6UR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	Straight line over 5 years
Motor Vehicles	Straight line over 5 years
Fixtures & Fittings	Straight line over 5 years
Computer Equipment	Straight line over 5 years

2.4. Leasing and Hire Purchase Contracts

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

2.5. Stocks and Work in Progress

tocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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B&M Surface Systems UK Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2023: 5)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	77,441	22,138	10,188	17,796	127,563
Additions	-	35,608	-	234	35,842

As at 31 December 2024	77,441	57,746	10,188	18,030	163,405

Depreciation
As at 1 January 2024	77,441	8,999	10,145	13,868	110,453
Provided during the period	-	8,769	43	1,375	10,187

As at 31 December 2024	77,441	17,768	10,188	15,243	120,640

Net Book Value
As at 31 December 2024	-	39,978	-	2,787	42,765

As at 1 January 2024	-	13,139	43	3,928	17,110

The robot was valued on a fair value basis on 1 January 2016 by B & M Surface Systems GmbH.

Cost or valuation as at 31 December 2024 represented by:

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
At cost	17,441	57,746	10,188	18,030	103,405
At valuation	60,000	-	-	-	60,000

	77,441	57,746	10,188	18,030	163,405

The robot was valued on a fair value basis on 1 January 2016 by B & M Surface Systems GmbH.

5. Stocks

	2024	2023
	£	£
Stock	148,600	114,097

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	149,500	142,395
Other debtors	49,174	30,241

	198,674	172,636

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B&M Surface Systems UK Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	548,099	254,256
Other creditors	23,946	37,488
Taxation and social security	88,726	73,055

	660,771	364,799

8. Secured Creditors

Leasing Agreement

Minimum lease payments under non-cancellable operating leases fall due as follows:

	2024	2023
	£	£
Within one year	14,992	18,475
Between one and five years	-	14,992

	14,992	33,467

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100,000	100,000

10. Controlling Party

The controlling party is B & M Surface Systems GmbH.

B & M Surface Systems GmbH, registered in Eiterfeld, Germany is regarded by the directors as being the company's ultimate parent company.

This company is incorporated in Germany and is the controlling party by virtue of its shareholding of 75%.

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