BPM Tech Group UK Limited Filleted accounts for Companies House (small and micro)

BPM TECH GROUP UK LIMITED - Company Information

1 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 575,522 150,000 725,522 725,522 575,522 xbrli:pure xbrli:shares iso4217:GBP 11883635 2022-04-01 2023-03-31 11883635 2023-03-31 11883635 2021-04-01 2022-03-31 11883635 2022-03-31 11883635 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 11883635 bus:Director1 2022-04-01 2023-03-31 11883635 core:WithinOneYear 2023-03-31 11883635 core:WithinOneYear 2022-03-31 11883635 core:ShareCapital 2023-03-31 11883635 core:ShareCapital 2022-03-31 11883635 core:SharePremium 2023-03-31 11883635 core:SharePremium 2022-03-31 11883635 core:CapitalRedemptionReserve 2023-03-31 11883635 core:CapitalRedemptionReserve 2022-03-31 11883635 core:CostValuation core:Non-currentFinancialInstruments 2022-03-31 11883635 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-03-31 11883635 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 11883635 core:Non-currentFinancialInstruments 2023-03-31 11883635 core:Non-currentFinancialInstruments 2022-03-31 11883635 bus:SmallEntities 2022-04-01 2023-03-31 11883635 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11883635 bus:FullAccounts 2022-04-01 2023-03-31 11883635 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 11883635 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11883635 bus:OrdinaryShareClass1 2023-03-31 11883635 bus:OrdinaryShareClass1 2022-03-31

COMPANY REGISTRATION NUMBER: 11883635

BPM TECH GROUP UK LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2023

BPM TECH GROUP UK LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2023

Contents	Pages

Balance sheet 1

Notes to the financial statements 2 to 4

BPM TECH GROUP UK LIMITED

BALANCE SHEET

31 March 2023

	2023	2022
Note	£	£

Fixed assets

Investments	4	725,522	625,522

Current assets

Debtors	5	200	200

Creditors: amounts falling due within one year	6	( 398,855)	( 298,855)
		------------	------------
Net current liabilities		( 398,655)	( 298,655)
		------------	------------
Total assets less current liabilities		326,867	326,867
		------------	------------

Capital and reserves

Called up share capital	7	150	150
Share premium account		326,667	326,667
Capital redemption reserve		50	50
		------------	------------
Shareholders funds		326,867	326,867
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 14 August 2023 , and are signed on behalf of the board by:

Mr B Whiteley
Director

Company registration number: 11883635

BPM TECH GROUP UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is St. Pegs Mill, Thornhill Beck Lane, Brighouse, West Yorkshire, HD6 4AH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Investments

Investments are recorded at cost and are subject to an annual impairment review.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Investments

	Investments
	£
Cost
At 1 April 2022	575,522
Additions	150,000
	------------
At 31 March 2023	725,522
	------------
Impairment
At 1 April 2022 and 31 March 2023	–
	------------

Carrying amount
At 31 March 2023	725,522
	------------
At 31 March 2022	575,522
	------------

5. Debtors

	2023	2022
	£	£
Other debtors	200	200
	------------	------------

6. Creditors: amounts falling due within one year

	2023	2022
	£	£
Group creditor	398,855	298,855
	------------	------------

7. Called up share capital

Issued, called up and fully paid

	2023		2022
	No.	£	No.	£
Ordinary shares of £ 1 each	150	150	150	150
	------------	------------	------------	------------

Shares issued and fully paid

	2023		2022
	No.	£	No.	£
Ordinary shares of £ 1 each	150	150	150	150
	------------	------------	------------	------------

Shares issued and partly paid

2023		2022
No.	£	No.	£

8. Related party transactions

The amount owed to BPM Tech Limited, a subsidiary company at note 7 above is unsecured, repayable on demand and currently interest- free. The company is controlled by B Whiteley.