BCMM LTD


Directors	BRITTON, Freya Alice
	BRITTON, Scott
	JENKINS, John Andrew


Registered Address	20 Broomborough Drive
	Totnes
	TQ9 5LT


Registered Number	10331612 (England and Wales)

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company. Transactions and balances: Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Functional and presentation currency

The financial statements are presented in sterling and this is the functional currency of the company.

Transactions and balances:

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the
transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Interest income
	Interest income is recognised using the effective interest rate method.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Borrowing costs
	All borrowing costs are recognised in profit or loss in the year in which they are incurred.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Office Equipment	3

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts

	Cash and cash equivalents
	Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

	Trade and other creditors
	Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	6		9

3.	Prior period adjustment
	During the year the Company corrected historic posting errors from prior periods. The correction has been recognised as an adjustment to opening retained earnings for the year ended 31 December 2023. The adjustment reduces the Director’s Loan Account and increases retained earnings by £59,553. There is no impact on the current-year profit or cash flows.

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 24	15,884
	Additions	4,816
	At 31 December 24	20,149
	Depreciation and impairment
	At 01 January 24	645
	Charge for year	6,775
	At 31 December 24	6,869
	Net book value
	At 31 December 24	13,280
	At 31 December 23	15,239

5.	Fixed asset investments
	During the year the Company disposed of its investment in associate Move Forward Gym Ltd. Details of undertakings: Undertaking Subsidiaries Registered office Proportion of voting rights and share held Labour of Hercules Ltd 20 Broomborough Drive, Totnes 100% England, TQ9 5LT BC events USA LLC 8 The Green, Suite R, Dover 100% DE 19901, United States

		Total
		£
	Cost or valuation
	At 01 January 24	1,046,900
	Disposals	(46,900)
	At 31 December 24	1,000,000
	Net book value
	At 31 December 24	1,000,000
	At 31 December 23	1,046,900

6.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	48,249	26,086
Amounts owed by group undertakings	28,656	27,180
Other debtors	3,586	2
Prepayments and accrued income	48,048	21,275
Total	128,539	74,543

7.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	8,092	22,163
Bank borrowings and overdrafts	6,250	6,250
Amounts owed to related parties	5,557	10,666
Taxation and social security	3,604	5,463
Other creditors	10,109	6,959
Accrued liabilities and deferred income	67,129	5,208
Total	100,741	56,709

8.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	27,604	33,854
Total	27,604	33,854

9.	Pension commitments
	The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £4,480 (2023 - £4,786). Contributions totalling £839 (2023 - £1,093) were payable to the fund at the balance sheet date and are included in creditors.

Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £4,480 (2023 - £4,786). Contributions totalling £839 (2023 - £1,093) were payable to the fund at the balance sheet date and are included in creditors.

10.	Related party transactions
	At the year end a balance of £28,656 (2023: £27,180) was due from BC events USA LLC, the company's subsidiary. At the year end a balance of £5,557 (2023: £5,297) was owed to Labours of Hercules Ltd, the company's subsidiary. At the year end a balance of £nil (2023: £5,369) was owed to Move Forward Gym Ltd, the company's associate. Included within other creditors is £782 (2023: £5,865) from F A Britton, a director and shareholder of the company. During the year the Company purchased services from BRITFIT LTD, a company controlled by directors S Britton and F Britton. Total charges were £22,474 (2023: £nil). No amounts were outstanding at the year end.

10.

Related party transactions

At the year end a balance of £28,656 (2023: £27,180) was due from BC events USA LLC, the company's subsidiary.

At the year end a balance of £5,557 (2023: £5,297) was owed to Labours of Hercules Ltd, the company's subsidiary.

At the year end a balance of £nil (2023: £5,369) was owed to Move Forward Gym Ltd, the company's associate.

Included within other creditors is £782 (2023: £5,865) from F A Britton, a director and shareholder of the company.

During the year the Company purchased services from BRITFIT LTD, a company controlled by directors S Britton and F Britton. Total charges were £22,474 (2023: £nil). No amounts were outstanding at the year end.

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	4		13,280		15,239
Investments	5		1,000,000		1,046,900
			1,013,280		1,062,139
Current assets
Debtors	6	128,539		74,543
Cash at bank and on hand		56,785		93,367
		185,324		167,910
Creditors amounts falling due within one year	7	(100,741)		(56,709)
Net current assets (liabilities)			84,583		111,201
Total assets less current liabilities			1,097,863		1,173,340
Creditors amounts falling due after one year	8		(27,604)		(33,854)
Net assets			1,070,259		1,139,486
Capital and reserves
Called up share capital			180		180
Share premium			1,424,807		1,424,807
Profit and loss account			(354,728)		(285,501)
Shareholders' funds			1,070,259		1,139,486