REGISTERED NUMBER: 02886680 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

BMS-BULK METER SERVICES LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

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.

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

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.

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.

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

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)

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.