B & M CAPITAL LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

B & M CAPITAL LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08823782 . The registered office is Cash's Business Centre, 1st Floor, 228 Widdrington Road, Coventry, West Midlands, CV1 4PB.

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

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	20% on reducing balance
Computer Equipment	20% on reducing balance

Page 3

Page 4

B & M CAPITAL LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 24 (2025: 24)

Page 4

Page 5

B & M CAPITAL LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	960,922

As at 31 March 2026	960,922

Amortisation
As at 1 April 2025	298,053
Provided during the period	48,046

As at 31 March 2026	346,099

Net Book Value
As at 31 March 2026	614,823

As at 1 April 2025	662,869

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2025	459,587	107,463	-	75,976	643,026
Additions	12,373	54,290	470	7,659	74,792
Disposals	-	(52,190 )	-	-	(52,190 )

As at 31 March 2026	471,960	109,563	470	83,635	665,628

Depreciation
As at 1 April 2025	221,865	57,616	-	54,189	333,670
Provided during the period	50,019	26,034	94	5,889	82,036
Disposals	-	(30,784 )	-	-	(30,784 )

As at 31 March 2026	271,884	52,866	94	60,078	384,922

Net Book Value
As at 31 March 2026	200,076	56,697	376	23,557	280,706

As at 1 April 2025	237,722	49,847	-	21,787	309,356

6. Stocks

	2026	2025
	£	£
Stock	8,465	7,610

Page 5

Page 6

B & M CAPITAL LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	105,380	28,897
Other debtors	752,563	750,891

	857,943	779,788

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	77,785	133,423
Other creditors	151,162	276,786
Taxation and social security	150,335	54,039

	379,282	464,248

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	-	28,495

10. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	-	28,495

11. Deferred Taxation

The provision for deferred tax is made up as follows:

	2026	2025
	£	£
Other timing differences	70,176	77,339

Page 6

Page 7

B & M CAPITAL LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

12. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2025	77,339	77,339
Additions	(7,163 )	(7,163)

Balance at 31 March 2026	70,176	70,176

13. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

14. Directors Advances, Credits and Guarantees

Included within other creditors, the amount owed to Dr M Bains is £225,242 (2025 £263,284). The loan is unsecured and interest free with no set terms for repayment.

15. Related Party Transactions

The company operated a loan account with A S M & D Limited , Nuvo Dawlish Limited & Nuvo Birminhgam Limited.

Amounts due to B & M Capital Limited	2026	2025
	£	£
Nuvo Dawlish Limited	220,443	233,458
A S M & D Limited	227,433	227,433
Nuvo Birmingham Limited	290,000	290,000

	737,876	750,891

Page 7

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		614,823		662,869
Tangible Assets	5		280,706		309,356

			895,529		972,225
CURRENT ASSETS
Stocks	6	8,465		7,610
Debtors	7	857,943		779,788
Cash at bank and in hand		668,906		454,849

		1,535,314		1,242,247
Creditors: Amounts Falling Due Within One Year	8	(379,282 )		(464,248 )

NET CURRENT ASSETS (LIABILITIES)			1,156,032		777,999

TOTAL ASSETS LESS CURRENT LIABILITIES			2,051,561		1,750,224

Creditors: Amounts Falling Due After More Than One Year	9		-		(28,495 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	11		(70,176 )		(77,339 )

NET ASSETS			1,981,385		1,644,390

CAPITAL AND RESERVES
Called up share capital	13		100		100
Profit and Loss Account			1,981,285		1,644,290

SHAREHOLDERS' FUNDS			1,981,385		1,644,390