REGISTERED NUMBER: SC449143 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

BSM Associates Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr B G Murison

REGISTERED OFFICE:

4a Urquhart Road

St. Fergus

Peterhead

Aberdeenshire

AB42 3HT

REGISTERED NUMBER:

SC449143 (Scotland)

ACCOUNTANTS:

SBP

Accountants

27 Finlayson Street

Fraserburgh

Aberdeenshire

AB43 9JQ

FIXED ASSETS

Tangible assets

4

184

362

CURRENT ASSETS

Debtors

5

12,719

13,256

Cash at bank

33,862

36,281

46,581

49,537

CREDITORS

Amounts falling due within one year

6

28,941

32,671

NET CURRENT ASSETS

17,640

16,866

TOTAL ASSETS LESS CURRENT LIABILITIES

17,824

17,228

PROVISIONS FOR LIABILITIES

41

83

NET ASSETS

17,783

17,145

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

17,683

17,045

SHAREHOLDERS' FUNDS

17,783

17,145

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 October 2025 and were signed by:

Mr B G Murison - Director

1.	STATUTORY INFORMATION

BSM Associates Ltd is a private company, limited by shares , registered in Scotland. 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 represents the amounts (excluding value added tax) derived from the provision of services to customers. Revenue is recognised at the point services are provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 June 2024

1,793

Disposals

(1,253

)

At 31 May 2025

540

DEPRECIATION

At 1 June 2024

1,431

Charge for year

178

Eliminated on disposal

(1,253

)

At 31 May 2025

356

NET BOOK VALUE

At 31 May 2025

184

At 31 May 2024

362

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

12,432

12,960

Prepayments

287

296

12,719

13,256

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Tax

19,936

21,867

VAT

7,498

7,588

Directors' current accounts

101

1,992

Accrued expenses

1,406

1,224

28,941

32,671

7.	ULTIMATE CONTROLLING PARTY

The controlling parties are are Mr & Mrs Murison