REGISTERED NUMBER: 08019910 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2026

FOR

BSM (METALS) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTORS:

Mr J B Catlow

Mr R S Catlow

Mr M J D Catlow

REGISTERED OFFICE:

Unit 3 Catlows Yard

Whitegate

White Lund Industrial Estate

Morecambe

Lancashire

LA3 3BS

REGISTERED NUMBER:

08019910 (England and Wales)

ACCOUNTANTS:

BCS (North West) Limited

95 King Street

Lancaster

Lancashire

LA1 1RH

FIXED ASSETS

Tangible assets

4

43,449

39,693

CURRENT ASSETS

Debtors

5

114,878

90,293

Cash at bank

93,679

138,023

208,557

228,316

CREDITORS

Amounts falling due within one year

6

44,351

58,672

NET CURRENT ASSETS

164,206

169,644

TOTAL ASSETS LESS CURRENT LIABILITIES

207,655

209,337

CREDITORS

Amounts falling due after more than one year

7

-

13,982

NET ASSETS

207,655

195,355

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

207,652

195,352

207,655

195,355

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th September 2026 and were signed on its behalf by:

Mr M J D Catlow - Director

1.	STATUTORY INFORMATION

BSM (Metals) Ltd is a private company, limited by shares , registered in England and Wales. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred 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 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st April 2025

4,425

58,767

39,885

8,971

112,048

Additions

-

5,893

11,990

-

17,883

Disposals

-

(21,135

)

(5,838

)

(1,963

)

(28,936

)

At 31st March 2026

4,425

43,525

46,037

7,008

100,995

DEPRECIATION

At 1st April 2025

-

43,221

20,526

8,608

72,355

Charge for year

-

2,990

7,785

112

10,887

Eliminated on disposal

-

(18,129

)

(5,630

)

(1,937

)

(25,696

)

At 31st March 2026

-

28,082

22,681

6,783

57,546

NET BOOK VALUE

At 31st March 2026

4,425

15,443

23,356

225

43,449

At 31st March 2025

4,425

15,546

19,359

363

39,693

5.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Trade debtors

59,479

20,989

Other debtors

518

776

59,997

21,765

Amounts falling due after more than one year:

Amounts owed by group undertakings

54,881

68,528

Aggregate amounts

114,878

90,293

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

10,224

10,278

Taxation and social security

27,190

27,154

Other creditors

6,937

21,240

44,351

58,672

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Amounts owed to group undertakings

-

13,982

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2026 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Our report is prepared solely for the confidential use of the directors and should not be relied upon by any third party without prior reference to ourselves.

BCS (North West) Limited

95 King Street

Lancaster

Lancashire

LA1 1RH

28th September 2026