B M Enterprises (Swansea) Limited,Ltd - AccountsLtd - Accounts

B M Enterprises (Swansea) Limited,Ltd - AccountsLtd - Accounts

BM ENTERPRISES (SWANSEA) LIMITED - Company Information

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2020-01-01 07631383 2020-12-31 07631383 2020-01-01 2020-12-31 07631383 2019-12-31 07631383 2019-01-01 2019-12-31 07631383 uk-core:WithinOneYear 2019-12-31 07631383 uk-core:WithinOneYear 2020-12-31 07631383 uk-core:AfterOneYear 2019-12-31 07631383 uk-core:AfterOneYear 2020-12-31 07631383 uk-core:ShareCapital 2020-12-31 07631383 uk-core:ShareCapital 2019-12-31 07631383 uk-core:RevaluationReserve 2020-12-31 07631383 uk-core:RevaluationReserve 2019-12-31 07631383 uk-core:RetainedEarningsAccumulatedLosses 2020-12-31 07631383 uk-core:RetainedEarningsAccumulatedLosses 2019-12-31 07631383 uk-bus:Director1 2020-01-01 2020-12-31 07631383 uk-core:NetGoodwill 2020-01-01 2020-12-31 07631383 uk-core:Goodwill 2019-12-31 07631383 uk-core:Goodwill 2020-12-31 07631383 uk-core:ToolsEquipment 2019-12-31 07631383 uk-core:FurnitureFittings 2019-12-31 07631383 uk-core:CommercialMotorVehicles 2019-12-31 07631383 uk-core:Buildings 2019-12-31 07631383 uk-core:ToolsEquipment 2020-01-01 2020-12-31 07631383 uk-core:FurnitureFittings 2020-01-01 2020-12-31 07631383 uk-core:CommercialMotorVehicles 2020-01-01 2020-12-31 07631383 uk-core:Buildings 2020-01-01 2020-12-31 07631383 uk-core:CommercialMotorVehicles 2020-12-31 07631383 uk-core:FurnitureFittings 2020-12-31 07631383 uk-core:ToolsEquipment 2020-12-31 07631383 uk-core:Buildings 2020-12-31 07631383 uk-core:WithinOneYear uk-core:Secured 2020-12-31 07631383 uk-core:WithinOneYear uk-core:Secured 2019-12-31 iso4217:GBP xbrli:pure 07631383 uk-bus:AuditExempt-NoAccountantsReport 2020-01-01 2020-12-31 07631383 uk-bus:FRS102 2020-01-01 2020-12-31 07631383 uk-bus:FullAccounts 2020-01-01 2020-12-31 07631383 uk-bus:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31
Draft
B M Enterprises (Swansea) Limited
Registered Number:07631383
For the year ended 31 December 2020
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 31 December 2020
B M Enterprises (Swansea) Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Draft
Registered Number :
07631383
As at 31 December 2020
B M Enterprises (Swansea) Limited
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Intangible assets
500
500
2
Property, plant and equipment
827,143
804,259
3
827,643
804,759
Current assets
Trade and other receivables
356,947
130,051
4
14,810
Cash and cash equivalents
95,606
225,657
371,757
Trade and other payables: amounts falling due within one
year
(479,773)
(362,654)
5
(108,016)
(136,997)
Net current liabilities
Total assets less current liabilities
690,646
696,743
Trade and other payables: amounts falling due after more
than one year
-
(48,941)
6
641,705
Net assets
696,743
Capital and reserves
Called up share capital
100
100
Revaluation reserve
576,949
576,949
7
Retained earnings
64,656
119,694
641,705
696,743
Shareholders' funds
For the year ended 31 December 2020 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 of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr B Nunes Director
These financial statements were approved and authorised for issue by the Board on 30 September 2021 and were signed by:
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4
Draft
Registered Number :
07631383
For the year ended 31 December 2020
B M Enterprises (Swansea) Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
Draft
For the year ended 31 December 2020
B M Enterprises (Swansea) Limited
Notes to the Financial Statements
Statutory Information
B M Enterprises (Swansea) Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07631383.
Registered address:
8 Axis Court
Mallard Way
Riverside Business Park
Swansea
SA7 0AJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 January 2020
500
At 31 December 2020
500
Net book value
At 31 December 2020
500
At 31 December 2019
500
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6
Draft
For the year ended 31 December 2020
B M Enterprises (Swansea) Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Land and
buildings
£
£
£
£
£
Cost or
valuation
At 01 January 2020
883,241
17,335
780,702
25,204
60,000
63,521
1,402
51,655
10,464
-
Additions
At 31 December 2020
35,668
832,357
18,737
946,762
60,000
Provision for depreciation and impairment
At 01 January 2020
78,982
4,828
59,265
14,889
-
Charge for year
40,637
2,502
36,072
2,063
-
At 31 December 2020
119,619
7,330
95,337
16,952
-
At 31 December 2020
Net book value
60,000
18,716
737,020
11,407
827,143
At 31 December 2019
60,000
10,315
721,437
12,507
804,259
4. Trade and other receivables
2019
2020
£
£
Trade debtors
31,478
41,115
Amounts owed by group undertakings and participating interests
88,035
234,232
Other debtors
10,538
81,600
356,947
130,051
5. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Bank loans and overdraft (secured)
5,730
14,040
Trade creditors
56,471
17,902
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
57,083
384,893
Taxation and social security
5,269
53,907
Other creditors
238,101
9,031
362,654
479,773
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7
Draft
For the year ended 31 December 2020
B M Enterprises (Swansea) Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2019
2020
£
£
Bank loans and overdraft (secured)
48,941
-
7. Reserves
Total
£
Revaluation reserve at 01 January 2020
576,949
576,949
Revaluation reserve at 31 December 2020
8. Average number of persons employed
During the year the average number of employees was 0
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