BPM Cleaning And Maintenance Services Lt - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06988699 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

BPM CLEANING AND MAINTENANCE SERVICES

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S Moore

B P Moore

SECRETARY:

Mrs S Moore

REGISTERED OFFICE:

Rozel Badgers Road

Badgers Mount

Sevenoaks

Kent

TN14 7AZ

REGISTERED NUMBER:

06988699 (England and Wales)

ACCOUNTANTS:

Sargeant Partnership LLP

Chartered Accountants

5 White Oak Square

London Road

Swanley

Kent

BR8 7AG

FIXED ASSETS

Intangible assets

4

11,188

13,052

Tangible assets

5

27,918

33,556

39,106

46,608

CURRENT ASSETS

Debtors

6

236,749

247,608

Cash at bank

100,840

63,747

337,589

311,355

CREDITORS

Amounts falling due within one year

7

295,241

271,663

NET CURRENT ASSETS

42,348

39,692

TOTAL ASSETS LESS CURRENT LIABILITIES

81,454

86,300

CREDITORS

Amounts falling due after more than one year

8

(95,772

)

(15,871

)

PROVISIONS FOR LIABILITIES

9

(2,121

)

(2,121

)

NET (LIABILITIES)/ASSETS

(16,439

)

68,308

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

11

(17,439

)

67,308

SHAREHOLDERS' FUNDS

(16,439

)

68,308

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 29 September 2021 and were signed on its behalf by:

Mrs S Moore - Director

1.	STATUTORY INFORMATION

BPM Cleaning And Maintenance Services Limited is a private company, limited by shares , registered in England and Wales. 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.

These financial statements for the year ended 30 September 2017 are the first financial statements that comply with FRS102 Section 1A small entities. The date of the transition is 1 October 2016.

The transition to FRS102 Section 1A small entities has resulted in a small number of changes in accounting policies to those used previously.

Turnover

Turnover comprises the value of sales (excluding VAT, similar taxes and trade discounts) of goods and services provided in the normal course of business.

Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for the services provided.

The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK.

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% per annum on cost

Fixtures and fittings

-

20% per annum on cost

Motor vehicles

-

25% per annum on 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2019 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2019

and 30 September 2020

28,500

AMORTISATION

At 1 October 2019

15,448

Amortisation for year

1,864

At 30 September 2020

17,312

NET BOOK VALUE

At 30 September 2020

11,188

At 30 September 2019

13,052

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 October 2019

22,390

34,486

50,989

107,865

Additions

3,076

2,713

-

5,789

At 30 September 2020

25,466

37,199

50,989

113,654

DEPRECIATION

At 1 October 2019

21,902

18,067

34,340

74,309

Charge for year

984

4,199

6,244

11,427

At 30 September 2020

22,886

22,266

40,584

85,736

NET BOOK VALUE

At 30 September 2020

2,580

14,933

10,405

27,918

At 30 September 2019

488

16,419

16,649

33,556

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 October 2019

and 30 September 2020

24,974

DEPRECIATION

At 1 October 2019

8,325

Charge for year

6,244

At 30 September 2020

14,569

NET BOOK VALUE

At 30 September 2020

10,405

At 30 September 2019

16,649

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

199,981

239,348

Other debtors

36,768

8,260

236,749

247,608

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

37,900

7,353

Hire purchase contracts

3,432

3,432

Taxation and social security

219,511

227,812

Other creditors

34,398

33,066

295,241

271,663

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

83,333

-

Hire purchase contracts

12,439

15,871

95,772

15,871

9.	PROVISIONS FOR LIABILITIES

2020

2019

£

£

Deferred tax

Accelerated capital allowances

2,121

2,121

Deferred

tax

£

Balance at 1 October 2019

2,121

Provision

Balance at 30 September 2020

2,121

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

1,000

Ordinary

£1

1,000

1,000

11.

RESERVES

Retained

earnings

£

At 1 October 2019

67,308

Deficit for the year

(34,747

)

Dividends

(50,000

)

At 30 September 2020

(17,439

)

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the directors owed the company £22,133 (2020: £1,898 was owed to the directors). Interest has been charged on this balance at 2.25%.

13.	RELATED PARTY DISCLOSURES

During the year, total dividends of £50,000 were paid to the directors.

14.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors and shareholders, S Moore and B Moore by virtue of their equal shareholding.