Silverfin false false 31/05/2025 01/06/2024 31/05/2025 B P Mullarkey 15/05/2012 B Mullarkey 03/07/2017 05 November 2025 The principal activity of the Company during the financial year was that of a scrap metal dealership. SC424084 2025-05-31 SC424084 bus:Director1 2025-05-31 SC424084 bus:Director2 2025-05-31 SC424084 2024-05-31 SC424084 core:CurrentFinancialInstruments 2025-05-31 SC424084 core:CurrentFinancialInstruments 2024-05-31 SC424084 core:Non-currentFinancialInstruments 2025-05-31 SC424084 core:Non-currentFinancialInstruments 2024-05-31 SC424084 core:ShareCapital 2025-05-31 SC424084 core:ShareCapital 2024-05-31 SC424084 core:RetainedEarningsAccumulatedLosses 2025-05-31 SC424084 core:RetainedEarningsAccumulatedLosses 2024-05-31 SC424084 core:LandBuildings 2024-05-31 SC424084 core:OtherPropertyPlantEquipment 2024-05-31 SC424084 core:LandBuildings 2025-05-31 SC424084 core:OtherPropertyPlantEquipment 2025-05-31 SC424084 bus:OrdinaryShareClass1 2025-05-31 SC424084 core:WithinOneYear 2025-05-31 SC424084 core:WithinOneYear 2024-05-31 SC424084 core:BetweenOneFiveYears 2025-05-31 SC424084 core:BetweenOneFiveYears 2024-05-31 SC424084 core:MoreThanFiveYears 2025-05-31 SC424084 core:MoreThanFiveYears 2024-05-31 SC424084 2024-06-01 2025-05-31 SC424084 bus:FilletedAccounts 2024-06-01 2025-05-31 SC424084 bus:SmallEntities 2024-06-01 2025-05-31 SC424084 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 SC424084 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 SC424084 bus:Director1 2024-06-01 2025-05-31 SC424084 bus:Director2 2024-06-01 2025-05-31 SC424084 core:OtherPropertyPlantEquipment 2024-06-01 2025-05-31 SC424084 2023-06-01 2024-05-31 SC424084 core:LandBuildings 2024-06-01 2025-05-31 SC424084 core:CurrentFinancialInstruments 2024-06-01 2025-05-31 SC424084 core:Non-currentFinancialInstruments 2024-06-01 2025-05-31 SC424084 bus:OrdinaryShareClass1 2024-06-01 2025-05-31 SC424084 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC424084 (Scotland)

# BM METALS LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH THE REGISTRAR

BM METALS LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2025

Contents

BM METALS LIMITED

## BALANCE SHEET

AS AT 31 MAY 2025
BM METALS LIMITED

## BALANCE SHEET (continued)

AS AT 31 MAY 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 311,629 |  | 263,759
|  | 311,629 |  | 263,759
Current assets |  |  |  |
Stocks | 4 | 58,030 |  | 125,000
Debtors |  |  |  |
- due within one year | 5 | 21,057 |  | 7,496
- due after more than one year | 5 | 3,079 |  | 3,079
Cash at bank and in hand | 6 | 137,050 |  | 163,622
|  | 219,216 |  | 299,197
Creditors: amounts falling due within one year | 7 | ( 279,851) |  | ( 285,279)
Net current (liabilities)/assets |  | (60,635) |  | 13,918
Total assets less current liabilities |  | 250,994 |  | 277,677
Creditors: amounts falling due after more than one year | 8 | ( 81,746) |  | ( 48,057)
Provision for liabilities | 9 | ( 48,157) |  | ( 36,189)
Net assets |  | 121,091 |  | 193,431
Capital and reserves |  |  |  |
Called-up share capital | 10 | 100 |  | 100
Profit and loss account |  | 120,991 |  | 193,331
Total shareholders' funds |  | 121,091 |  | 193,431

For the financial year ending 31 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Bm Metals Limited (registered number: SC424084) were approved and authorised for issue by the Board of Directors on 05 November 2025. They were signed on its behalf by:

B P Mullarkey Director |

BM METALS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2025
BM METALS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Bm Metals Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is C/O Johnston Carmichael Bishop's Court, 29 Albyn Place, Aberdeen, AB10 1YL, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover represents amounts receivable for scrap metal dealing net of VAT. Turnover is recognised on delivery of goods.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | not depreciated
Plant and machinery etc. | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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 Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

##### Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 6 |  | 7

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery etc. |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 June 2024 | 119,335 |  | 343,504 |  | 462,839
Additions | 0 |  | 120,914 |  | 120,914
Disposals | 0 |  | ( 54,885) |  | ( 54,885)
At 31 May 2025 | 119,335 |  | 409,533 |  | 528,868
Accumulated depreciation |  |  |  |  |
At 01 June 2024 | 0 |  | 199,080 |  | 199,080
Charge for the financial year | 0 |  | 45,765 |  | 45,765
Disposals | 0 |  | ( 27,606) |  | ( 27,606)
At 31 May 2025 | 0 |  | 217,239 |  | 217,239
Net book value |  |  |  |  |
At 31 May 2025 | 119,335 |  | 192,294 |  | 311,629
At 31 May 2024 | 119,335 |  | 144,424 |  | 263,759

#### 4. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 58,030 |  | 125,000

There are no material differences between the replacement cost of stock and the Balance Sheet amounts.

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Debtors: amounts falling due within one year |  |  |
Other debtors | 21,057 |  | 7,496
Debtors: amounts falling due after more than one year |  |  |
Other debtors | 3,079 |  | 3,079

#### 6. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 137,050 |  | 163,622

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 48,057 |  | 66,964
Trade creditors | 8,562 |  | 8,848
Taxation and social security | 111,219 |  | 196,034
Obligations under finance leases and hire purchase contracts | 15,586 |  | 0
Other creditors | 96,427 |  | 13,433
| 279,851 |  | 285,279

Net obligations under finance lease contracts are secured over the asset which the agreement relates.

#### 8. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Obligations under finance leases and hire purchase contracts | 81,746 |  | 0
Other creditors | 0 |  | 48,057
| 81,746 |  | 48,057

There are no amounts included above in respect of which any security has been given by the small entity.

#### 9. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 48,157 |  | 36,189

#### 10. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 11. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 |  | 2024
| £ |  | £
within one year | 19,589 |  | 19,589
between one and five years | 117,289 |  | 117,289
after five years | 8,339 |  | 37,739
Total future minimum lease payments under non-cancellable operating leases | 145,217 |  | 174,617

#### 12. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Amounts owed to Directors | 1,897 |  | 6,708

These loans are interest free and no fixed date for repayment.