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REGISTERED NUMBER: 02886680 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

BMS-BULK METER SERVICES LIMITED

BMS-BULK METER SERVICES LIMITED (REGISTERED NUMBER: 02886680)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page |

Statement of Financial Position | 1 |

Notes to the Financial Statements | 3 |

BMS-BULK METER SERVICES LIMITED (REGISTERED NUMBER: 02886680)

STATEMENT OF FINANCIAL POSITION

28 FEBRUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 477,481 |  | 481,937 |  |

CURRENT ASSETS

Stocks | 540,286 |  | 562,198 |  |

Debtors | 6 | 1,016,492 |  | 963,470 |  |

Cash at bank and in hand | 371,018 |  | 60,595 |  |

1,927,796 |  | 1,586,263 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,494,352 |  | 1,153,754 |  |

NET CURRENT ASSETS | 433,444 |  | 432,509 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 910,925 |  | 914,446 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (216,942 | ) | (227,178 | ) |

PROVISIONS FOR LIABILITIES | (92,327 | ) | (100,861 | ) |

NET ASSETS | 601,656 |  | 586,407 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 100 |  | 100 |  |

Retained earnings | 601,556 |  | 586,307 |  |

SHAREHOLDERS' FUNDS | 601,656 |  | 586,407 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

BMS-BULK METER SERVICES LIMITED (REGISTERED NUMBER: 02886680)

STATEMENT OF FINANCIAL POSITION - continued

28 FEBRUARY 2025

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2025 and were signed on its behalf by:

C S Bigwood - Director

BMS-BULK METER SERVICES LIMITED (REGISTERED NUMBER: 02886680)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1. | STATUTORY INFORMATION

| BMS-Bulk Meter Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 02886680

| Registered office: | Chancery House

| 3 Hatchlands Road

| Redhill

| RH1 6AA

| The presentation currency of the financial statements is the Pound Sterling (£).

| All amounts in the financial statements have been rounded to the nearest £.

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| The preparation of financial statements in compliance with Financial Reporting Standard 102 Section 1A requires the use of certain accounting estimates. It also requires the directors to exercise judgement in applying the company's accounting policies.

| Significant judgements and estimates

| In preparing these financial statements, the directors have made the following judgements:

| - Determine whether leases entered into by the company either as a lessor or a lessee are operating lease or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

| - Determine whether there are indicators of impairment of the company's tangible and intangible assets, including goodwill. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

| Other key sources of estimation uncertainty

| Tangible fixed assets

| Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

| Turnover

| Turnover represents net invoiced sales of goods and services, excluding value added tax. Revenue is recognised when the contractual obligations relating to the goods and services sold have been met.

BMS-BULK METER SERVICES LIMITED (REGISTERED NUMBER: 02886680)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

3. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Plant and machinery etc - 10% to 33% on reducing balance

| Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| Basic financial instruments are recognised at amortised cost. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

| The company has no financial assets or financial liabilities measured at fair value, but the company does have external borrowings.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 the 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.

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred.

| 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.

| Factoring

| Where debts are factored, the gross amount of the debt is included within the company's sales ledger, with advances secured under the factoring arrangement shown as a liability.

BMS-BULK METER SERVICES LIMITED (REGISTERED NUMBER: 02886680)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

3. | ACCOUNTING POLICIES - continued

| Holiday pay accrual

| A liability is recognised to the extent of any unused holiday pay entitlement which has accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

| Dividends

| Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 28 (2024 - 25 ) .

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 March 2024 | 1,031,744 |  |

| Additions | 169,503 |  |

| Disposals | (113,106 | ) |

| At 28 February 2025 | 1,088,141 |  |

| DEPRECIATION

| At 1 March 2024 | 549,807 |  |

| Charge for year | 135,736 |  |

| Eliminated on disposal | (74,883 | ) |

| At 28 February 2025 | 610,660 |  |

| NET BOOK VALUE

| At 28 February 2025 | 477,481 |  |

| At 29 February 2024 | 481,937 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 630,244 |  | 620,161 |  |

| Amounts owed by group undertakings | 85,035 |  | 88,429 |  |

| Other debtors | 301,213 |  | 254,880 |  |

1,016,492 |  | 963,470 |  |

BMS-BULK METER SERVICES LIMITED (REGISTERED NUMBER: 02886680)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 9) | 115,727 |  | 99,328 |  |

| Trade creditors | 588,804 |  | 503,219 |  |

| Taxation and social security | 106,824 |  | 187,595 |  |

| Other creditors | 682,997 |  | 363,612 |  |

1,494,352 |  | 1,153,754 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 9) | 216,942 |  | 227,178 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments under hire purchase fall due as follows:

2025 | 2024 |

£ | £ |

| Gross obligations repayable:

| Within one year | 140,102 |  | 120,616 |  |

| Between one and five years | 258,559 |  | 269,889 |  |

398,661 |  | 390,505 |  |

| Finance charges repayable:

| Within one year | 24,375 |  | 21,288 |  |

| Between one and five years | 41,617 |  | 42,711 |  |

65,992 |  | 63,999 |  |

| Net obligations repayable:

| Within one year | 115,727 |  | 99,328 |  |

| Between one and five years | 216,942 |  | 227,178 |  |

332,669 |  | 326,506 |  |

| At the balance sheet date, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £47,000 (2024: £49,333)

BMS-BULK METER SERVICES LIMITED (REGISTERED NUMBER: 02886680)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 332,669 |  | 326,506 |  |

| HP liabilities are secured on the assets acquired.

| Included in other creditors is an amount of £323,242 (2024: £279,524) which is secured against trade debtors of £630,244 (2024: £620,161).

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 75 | A Ordinary | £1 | 75 |  | 75 |  |

| 25 | B Ordinary | £1 | 25 |  | 25 |  |

100 |  | 100 |  |

12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| During the year amounts totalling £307,769 were advanced to the directors, £312,479 was repaid and interest totalling £3,749 was charged. The loan is unsecured and repayable on demand.

| At the balance sheet date the company was owed £150,006 (2024: £150,966) by the directors.

13. | ULTIMATE CONTROLLING PARTY

| BMS-Bulk Meter Services Group Ltd, a company registered in England and Wales, is regarded by the directors as being the company's parent and ultimate parent company. The registered office of BMS-Bulk Meter Services Group Ltd is Chancery House, 3 Hatchlands Road, Redhill, Surrey RH1 6AA.