Company Registration No. NI045617 (Northern Ireland)
BRM Systems Ltd
Unaudited accounts
for the year ended 31 March 2026
BRM Systems Ltd
Statement of financial position
as at 31 March 2026
Tangible assets
58,850
88,738
Cash at bank and in hand
433,132
288,826
Creditors: amounts falling due within one year
(100,808)
(85,958)
Net current assets
361,487
262,318
Total assets less current liabilities
420,337
351,056
Creditors: amounts falling due after more than one year
(26,035)
(36,663)
Net assets
394,302
314,393
Called up share capital
700
700
Capital redemption reserve
300
300
Profit and loss account
393,302
313,393
Shareholders' funds
394,302
314,393
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2026 and were signed on its behalf by
Brian Hughes
Director
Company Registration No. NI045617
BRM Systems Ltd
Notes to the Accounts
for the year ended 31 March 2026
BRM Systems Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI045617. The registered office is The Office Dock Unit 2, Channel Wharf, 21 Old Channel Road, Belfast, BT3 9DE, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The directors of BRM Systems Ltd believe that the company has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least twelve months from the date of signing. Accordingly, the company continues to adopt the going concern basis in preparing the financial statements.
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and revenue can be measured reliably. Revenue from a contract to provide information technology consultancy services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when: the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Straight Line
Fixtures & fittings
25% Straight Line
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
BRM Systems Ltd
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2025
117,665
8,309
37,620
163,594
At 31 March 2026
117,665
8,309
37,620
163,594
At 1 April 2025
34,530
7,269
33,057
74,856
Charge for the year
27,458
944
1,486
29,888
At 31 March 2026
61,988
8,213
34,543
104,744
At 31 March 2026
55,677
96
3,077
58,850
At 31 March 2025
83,135
1,040
4,563
88,738
Amounts falling due within one year
Trade debtors
4,999
35,506
Accrued income and prepayments
24,164
23,944
6
Creditors: amounts falling due within one year
2026
2025
Obligations under finance leases and hire purchase contracts
10,628
10,630
Trade creditors
1,242
1,174
Taxes and social security
65,500
49,994
7
Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
26,035
36,663
Allotted, called up and fully paid:
300 A Ordinary shares of £1 each
300
300
300 C Ordinary shares of £1 each
300
300
100 D Ordinary shares of £1 each
100
100
BRM Systems Ltd
Notes to the Accounts
for the year ended 31 March 2026
9
Average number of employees
During the year the average number of employees was 2 (2025: 3).