Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Tower B M Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A W J Campbell

A Carter

REGISTERED OFFICE:

146 High Street

Billericay

Essex

CM12 9DF

REGISTERED NUMBER:

09248546 (England and Wales)

ACCOUNTANTS:

Michael Letch & Partners LLP

Accountants

146 High Street

Billericay

Essex

CM12 9DF

FIXED ASSETS

Tangible assets

4

121,705

60,940

Investments

5

32,000

-

153,705

60,940

CURRENT ASSETS

Debtors

6

623,572

424,469

Cash at bank

127,272

214,672

750,844

639,141

CREDITORS

Amounts falling due within one year

7

620,222

559,033

NET CURRENT ASSETS

130,622

80,108

TOTAL ASSETS LESS CURRENT LIABILITIES

284,327

141,048

CREDITORS

Amounts falling due after more than one year

8

(54,846

)

(23,960

)

PROVISIONS FOR LIABILITIES

(14,623

)

(4,788

)

NET ASSETS

214,858

112,300

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

214,758

112,200

214,858

112,300

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 22 September 2025 and were signed on its behalf by:

A Carter - Director

1.	STATUTORY INFORMATION

Tower B M 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.

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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2023

13,090

1,438

142,431

5,957

162,916

Additions

2,600

3,691

107,200

245

113,736

Disposals

-

-

(36,915

)

-

(36,915

)

At 30 September 2024

15,690

5,129

212,716

6,202

239,737

DEPRECIATION

At 1 October 2023

7,324

629

89,842

4,181

101,976

Charge for year

2,092

1,125

31,349

1,445

36,011

Eliminated on disposal

-

-

(19,955

)

-

(19,955

)

At 30 September 2024

9,416

1,754

101,236

5,626

118,032

NET BOOK VALUE

At 30 September 2024

6,274

3,375

111,480

576

121,705

At 30 September 2023

5,766

809

52,589

1,776

60,940

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

32,000

At 30 September 2024

32,000

NET BOOK VALUE

At 30 September 2024

32,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

404,841

128,970

Other debtors

22,975

69,424

Social security and other tax

-

2,273

Directors' loan accounts

103,002

101,207

Tax

33,756

32,399

Accrued income

46,955

78,787

Prepayments

12,043

11,409

623,572

424,469

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

8,238

8,034

Hire purchase contracts

37,889

16,699

Trade creditors

353,012

302,585

Tax

48,833

112,583

Social security and other taxes

140,868

78,727

Other creditors

23,135

20,227

Directors' loan accounts

1,202

8,579

Accrued expenses

7,045

11,599

620,222

559,033

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

7,021

8,238

Bank loans - 2-5 years

-

7,021

Hire purchase contracts

47,825

8,701

54,846

23,960