2025-01-01 2025-12-31 15290831 BMG NE Limited false 15290831 2025-01-01 2025-12-31 15290831 uk-bus:Director1 2025-01-01 2025-12-31 15290831 uk-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 15290831 uk-bus:SmallEntities 2025-01-01 2025-12-31 15290831 uk-bus:FullAccounts 2025-01-01 2025-12-31 15290831 uk-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 15290831 2025-01-01 15290831 2025-12-31 15290831 2024-12-31 xbrli:pure iso4217:GBP 15290831 2024-01-01 2024-12-31
Company Registration Number : 15290831 (England and Wales)
15290831
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2025-12-31
false
BMG NE Limited
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2025-01-01
BMG NE Limited
Unaudited filleted financial statements
For the year ended 31 December 2025
BMG NE Limited
Contents
For the year ended 31 December 2025
CONTENTS PAGE
Company Information 3
Accountant's Report 4
Statement of Financial Position 5
Notes to the Financial Statements 6 - 8


BMG NE Limited
Company Information
For the year ended 31 December 2025
Company registration number 15290831 (England and Wales)
Directors James Gee
Andrew Fletcher
Lee Taylor
Registered office address 10 The Bridges
Sunderland
Tyne and Wear
SR1 3LB
Accountant Harrison Hutchinson Ltd
Chartered Accountants
246 Park View
Whitley Bay
Tyne and Wear
NE26 3QX
BMG NE Limited
Accountant's report
For the year ended 31 December 2025
Chartered Accountant's report to the board of Directors on the preparation of the unaudited statutory accounts of BMG NE Limited for the year ended 31 December 2025.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BMG NE Limited for the year ended 31 December 2025 which comprise the income statement, statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulations.

This report is made solely to the Board of Directors of BMG NE Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of BMG NE Limited and state those matters that we have agreed to state to the Board of Directors of BMG NE Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BMG NE Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that BMG NE Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of BMG NE Limited. You consider that BMG NE Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of BMG NE Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Harrison Hutchinson Ltd
Chartered Accountants
246 Park View
Whitley Bay
Tyne and Wear
NE26 3QX
2026-10-20 Date: 20 October 2026
4
BMG NE Limited
Statement of Financial Position
For the year ended 31 December 2025
2025 2024
Notes £ £
Fixed assets
Intangible assets (59,480) (68,500)
Property, plant and equipment 95,558 99,353
6 36,078 30,853
Current assets
Inventories 155,940 155,600
Debtors 36,091 2,506
Cash and cash equivalents 159,734 51,432
351,766 209,538
Current liabilities
Creditors: Amounts falling due within one year (258,319) (132,120)
Corporation tax payable (49,589) (12,052)
(307,908) (144,172)
Net current assets/(liabilities) 43,857 65,366
Total assets less current liabilities 79,936 96,219
Non-current liabilities
Creditors: Amounts falling due after more than one year - (4,474)
Net assets/(liabilities) 79,936 91,745
Capital and reserves
Called up share capital 242 228
Share Premium - 10,140
Retained earnings 79,694 81,377
Shareholders' funds 79,936 91,745
For the year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 December 2025 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 20 October 2026
.............................
James Gee (Director)
Company registration number: 15290831
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2025-12-31 31 December 2025
2025 2024
£ £
Fixed Assets 36,078 30,853
Current Assets 326,745 209,538
Prepayments and accrued income 25,021 0
Creditors: amounts falling due within one year (307,908) (144,172)
Net current assets/(liabilities) 43,857 65,366
Total assets less current liabilities 79,936 96,219
CREDITORS: Amounts falling due more than one year 0 (4,474)
Net Assets/(liabilities) 79,936 91,745
Capital and Reserves 79,936 91,745
For the year ending 31/12/2025 the company was entitled to exemption 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. For the year ending 31-12-2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 20 October 2026 2026-10-20 and signed on behalf of the board,
.............................
James Gee
Director
Company registration number: 15290831
BMG NE Limited
Notes to the Financial Statements
For the year ended 31 December 2025
(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 10 The Bridges, Sunderland, Tyne and Wear, SR1 3LB.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Interest income
Interest income is recognised using the effective interest method.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill recognised at acquisition is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis over its useful life, which is estimated to be 10 years. Goodwill amortisation is included within administration expenses.
Website costs
Website costs is stated at cost less accumulated depreciation and any accumulated impairment losses. It is amortised over its estimated life of 10 years using the straight-line method. If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new expectations.
Website costs are included within Development costs (Note 10).
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles20% reducing balance
Fixtures and Fittings10% straight line
Equipment
Motor Cars
Inventories
Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases.

The company as lessee

Assets held under finance leases are initially recognised as assets of the company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in the income statement.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases,the aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis over the lease period.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement 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 current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Employees
During the year, the average number of employees including director was 27 (2024 : 27).

(6) Fixed assets
Intangible

£		Tangible

£		Totals

£
Cost
As at 01 January 2025(75,000)111,69236,692
Additions2,8008,85911,659
As at 31 December 2025(72,200)120,55148,351
Depreciation/Amortisation
As at 01 January 2025(6,500)12,3395,839
For the year(6,220)12,6546,434
As at 31 December 2025(12,720)24,99312,273
Net book value
As at 31 December 2025(59,480)95,55836,078
As at 31 December 2024(68,500)99,35330,853