BME Holdings Limited - Accounts to registrar (filleted) - small 18.2

BME Holdings Limited - Accounts to registrar (filleted) - small 18.2

BME HOLDINGS LIMITED - Company Information

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REGISTERED NUMBER: SC350377 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2020

for

BME HOLDINGS LIMITED
BME HOLDINGS LIMITED (REGISTERED NUMBER: SC350377)

Contents of the Financial Statements
for the Year Ended 30 September 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BME HOLDINGS LIMITED

Company Information
for the Year Ended 30 September 2020







DIRECTORS: S Borland
M Borland
K J Borland





REGISTERED OFFICE: 5 Carden Place
Aberdeen
AB10 1UT





REGISTERED NUMBER: SC350377 (Scotland)





1
BME HOLDINGS LIMITED (REGISTERED NUMBER: SC350377)

Balance Sheet
30 September 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Investments 4 80,555 80,555

CURRENT ASSETS
Debtors 5 1,597,582 1,733,978
Cash at bank 179,749 176,292
1,777,331 1,910,270
CREDITORS
Amounts falling due within one year 6 1,195,076 1,318,195
NET CURRENT ASSETS 582,255 592,075
TOTAL ASSETS LESS CURRENT
LIABILITIES
662,810
672,630

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 662,808 672,628
SHAREHOLDERS' FUNDS 662,810 672,630

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2021 and were signed on its behalf by:





S Borland - Director


The notes form part of these financial statements

2
BME HOLDINGS LIMITED (REGISTERED NUMBER: SC350377)

Notes to the Financial Statements
for the Year Ended 30 September 2020


1. STATUTORY INFORMATION

BME Holdings Limited is a private company, limited by shares , registered in Scotland. 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 represents the total invoice, excluding value added tax, of sales made during the period and derives from the provision of goods falling within the company's ordinary activities.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2019 - 10 ) .

3
BME HOLDINGS LIMITED (REGISTERED NUMBER: SC350377)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2020


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2019
and 30 September 2020 80,555
NET BOOK VALUE
At 30 September 2020 80,555
At 30 September 2019 80,555

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Amounts owed by participating interests 1,264,029 1,400,513
Directors' current accounts 333,465 333,465
VAT 88 -
1,597,582 1,733,978

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Amounts owed to group undertakings 1,151,780 1,301,778
Social security and other taxes 17,295 10,421
Other creditors 101 100
Net Wages 20,437 -
Pension 5,463 5,896
1,195,076 1,318,195

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2020 and 30 September 2019:

2020 2019
£    £   
M Borland
Balance outstanding at start of year 250,000 250,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 250,000 250,000

4
BME HOLDINGS LIMITED (REGISTERED NUMBER: SC350377)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2020


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

S Borland
Balance outstanding at start of year 83,465 83,465
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 83,465 83,465

8. ULTIMATE CONTROLLING PARTY

The controlling party is BME Ventures Limited.

The ultimate controlling party is the director, S Borland, by virtue of his shareholding in BME Ventures Limited.

5