Company Registration No. SC354884 (Scotland)
B&M JOINERS (EDINBURGH) LTD
Unaudited accounts
for the year ended 28 February 2022
B&M JOINERS (EDINBURGH) LTD
Unaudited accounts
Contents
B&M JOINERS (EDINBURGH) LTD
Company Information
for the year ended 28 February 2022
Director
Mr Danny McGuiness
Company Number
SC354884 (Scotland)
Registered Office
13-15 Rodney Street
G15 6NQ
Edinburgh
EH7 4EN
Scotland
Accountants
Calculo Ltd
Red Tree Magenta
270 Glasgow Road
Glasgow
G73 1SA
B&M JOINERS (EDINBURGH) LTD
Statement of financial position
as at 28 February 2022
Intangible assets
32,000
40,000
Tangible assets
74,127
39,960
Cash at bank and in hand
209,875
113,203
Creditors: amounts falling due within one year
(91,907)
(94,018)
Net current assets
119,211
19,853
Total assets less current liabilities
272,408
146,883
Creditors: amounts falling due after more than one year
(141,601)
(126,096)
Provisions for liabilities
Called up share capital
100
1
Profit and loss account
130,707
20,173
Shareholders' funds
130,807
20,174
For the year ending 28 February 2022 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 director acknowledges his 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 and authorised for issue on 28 November 2022 and were signed on its behalf by
Mr Danny McGuiness
Director
Company Registration No. SC354884
B&M JOINERS (EDINBURGH) LTD
Notes to the Accounts
for the year ended 28 February 2022
B&M JOINERS (EDINBURGH) LTD is a private company, limited by shares, registered in Scotland, registration number SC354884. The registered office is 13-15 Rodney Street, G15 6NQ, Edinburgh, EH7 4EN, Scotland.
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.
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
10% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
20% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The COVID-19 pandemic has developed rapidly in 2020, with a significant number of cases. Measures taken by various governments to contain the virus have affected economic activity.
We have taken a number of measures to monitor and mitigate the effects of COVID-19, such as safety and health measures for our people (such as social distancing and working from home) and securing the supply of materials that are essential to our service delivery.
At this stage, the impact on our business and results has not been significant and results have in fact been positive.
As we operate in the Joinery business sector we have found increased demand for our services and expect this to continue.
We will continue to follow the various government policies and advice and, in parallel, we will do our utmost to continue our operations in the best and safest way possible without jeopardising the health of our people.
Even if, at this moment, no uncertainty about the entity's ability to continue as a going concern is identified, this can change at short notice and we have prioritised our liquidity position and growth in working capital within our financial KPI's to mitigate the risks.
B&M JOINERS (EDINBURGH) LTD
Notes to the Accounts
for the year ended 28 February 2022
4
Intangible fixed assets
Goodwill
At 28 February 2022
80,000
At 28 February 2022
48,000
At 28 February 2022
32,000
At 28 February 2021
40,000
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2021
-
43,000
2,414
-
45,414
Additions
80,228
-
-
1,064
81,292
Disposals
-
(38,700)
-
-
(38,700)
At 28 February 2022
80,228
4,300
2,414
1,064
88,006
At 1 March 2021
-
4,300
1,154
-
5,454
Charge for the year
8,023
-
189
213
8,425
At 28 February 2022
8,023
4,300
1,343
213
13,879
At 28 February 2022
72,205
-
1,071
851
74,127
At 28 February 2021
-
38,700
1,260
-
39,960
6
Investments
Subsidiary undertakings
Valuation at 1 March 2021
47,070
Valuation at 28 February 2022
47,070
Amounts falling due within one year
B&M JOINERS (EDINBURGH) LTD
Notes to the Accounts
for the year ended 28 February 2022
8
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
7,265
5,076
Taxes and social security
7,334
4,225
Proposed dividends
29,000
29,000
Loans from directors
30,444
40,623
9
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
63,524
34,884
10
Average number of employees
During the year the average number of employees was 7 (2021: 6).
