REGISTERED NUMBER: 03301614 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BLM GROUP UK LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S E Colombo

J Curtis

P Colombo

REGISTERED OFFICE:

4 Ampthill Business Park

Ampthill

Bedfordshire

MK45 2QW

REGISTERED NUMBER:

03301614 (England and Wales)

AUDITORS:

Landers Accountants Ltd

Church View Chambers

38 Market Square

Toddington

Bedfordshire

LU5 6BS

FIXED ASSETS

Property, plant and equipment

3

244,067

276,814

Investments

4

47,960

47,960

292,027

324,774

CURRENT ASSETS

Inventories

2,429,224

346,984

Debtors

5

983,316

3,453,022

Cash at bank and in hand

3,923,460

4,243,675

7,336,000

8,043,681

CREDITORS

Amounts falling due within one year

6

5,804,944

6,830,030

NET CURRENT ASSETS

1,531,056

1,213,651

TOTAL ASSETS LESS CURRENT LIABILITIES

1,823,083

1,538,425

CREDITORS

Amounts falling due after more than one year

7

(74,619

)

(48,897

)

PROVISIONS FOR LIABILITIES

(537

)

(537

)

NET ASSETS

1,747,927

1,488,991

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,746,927

1,487,991

SHAREHOLDERS' FUNDS

1,747,927

1,488,991

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 and authorised for issue by the Board of Directors and authorised for issue on 8 July 2025 and were signed on its behalf by:

J Curtis - Director

1.	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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention and on a going concern basis.

Turnover

Revenue 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

-

over the term of the lease

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less provision for any permanent diminution in value.

Inventories

Inventories are measured at the lower of cost and selling price less cost to sell. Cost is calculated on a first in, first out basis and includes all costs to purchase, and other costs incurred in bringing the inventories to their present location and condition.

Financial instruments

Financial instruments are classified by the directors as basic or advanced following the conditions in FRS102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method. The only advanced instruments recognised by the company are derivatives (being interest rate swaps and forward foreign exchange contracts). Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in arriving at profit before tax. Derivative assets are included in other debtors and derivative liabilities are included in other creditors.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 14 ) .

3.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

14,978

7,408

73,529

426,593

522,508

Additions

-

4,962

-

197,556

202,518

Disposals

-

-

-

(205,470

)

(205,470

)

At 31 December 2024

14,978

12,370

73,529

418,679

519,556

DEPRECIATION

At 1 January 2024

14,978

7,408

69,625

153,683

245,694

Charge for year

-

103

3,310

144,237

147,650

Eliminated on disposal

-

-

-

(117,855

)

(117,855

)

At 31 December 2024

14,978

7,511

72,935

180,065

275,489

NET BOOK VALUE

At 31 December 2024

-

4,859

594

238,614

244,067

At 31 December 2023

-

-

3,904

272,910

276,814

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

47,960

NET BOOK VALUE

At 31 December 2024

47,960

At 31 December 2023

47,960

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

932,465

3,437,309

Other debtors

50,851

15,713

983,316

3,453,022

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts (see note 8)

12,292

12,156

Payments on account

773,170

656,220

Trade creditors

149,121

71,025

Amounts owed to group undertakings

4,482,332

5,210,134

Taxation and social security

250,372

612,446

Other creditors

137,657

268,049

5,804,944

6,830,030

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts (see note 8)

74,619

48,897

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

12,292

12,156

Between one and five years

74,619

48,897

86,911

61,053

Non-cancellable

operating leases

31.12.24

31.12.23

£

£

Within one year

47,093

25,000

Between one and five years

28,875

-

75,968

25,000

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Brown (Senior Statutory Auditor)

for and on behalf of Landers Accountants Ltd