B&M JOINERS (EDINBURGH) LTD

B&M JOINERS (EDINBURGH) LTD

B&M JOINERS (EDINBURGH) LTD - Company Information

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1 March 2022 false No description of principal activity Taxfiler 2023.10.2 SC354884business:PrivateLimitedCompanyLtd2022-03-012023-02-28 SC3548842022-02-28 SC3548842022-03-012023-02-28 SC354884business:AuditExemptWithAccountantsReport2022-03-012023-02-28 SC354884business:FilletedAccounts2022-03-012023-02-28 SC3548842023-02-28 SC354884business:Director12022-03-012023-02-28 SC354884business:RegisteredOffice2022-03-012023-02-28 SC3548842022-02-28 SC354884core:WithinOneYear2023-02-28 SC354884core:WithinOneYear2022-02-28 SC354884core:AfterOneYear2023-02-28 SC354884core:AfterOneYear2022-02-28 SC354884core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC354884core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 SC354884core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC354884core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 SC354884core:PreviouslyStatedAmount2023-02-28 SC354884core:PreviouslyStatedAmount2022-02-28 SC354884business:SmallEntities2022-03-012023-02-28 SC354884countries:Scotland2022-03-012023-02-28 SC354884core:PlantMachinery2022-03-012023-02-28 SC354884core:FurnitureFittings2022-03-012023-02-28 SC354884core:ComputerEquipment2022-03-012023-02-28 SC354884core:Goodwill2022-02-28 SC354884core:Goodwill2023-02-28 SC354884core:Goodwill2022-03-012023-02-28 SC354884core:PlantMachinery2022-02-28 SC354884core:FurnitureFittings2022-02-28 SC354884core:ComputerEquipment2022-02-28 SC354884core:PlantMachinery2023-02-28 SC354884core:FurnitureFittings2023-02-28 SC354884core:ComputerEquipment2023-02-28 SC3548842021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC354884 (Scotland)
B&M JOINERS (EDINBURGH) LTD Unaudited accounts for the year ended 28 February 2023
B&M JOINERS (EDINBURGH) LTD Unaudited accounts Contents
Page
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B&M JOINERS (EDINBURGH) LTD Company Information for the year ended 28 February 2023
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
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B&M JOINERS (EDINBURGH) LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
24,000 
32,000 
Tangible assets
5
66,661 
74,127 
Investments
6
47,070 
47,070 
137,731 
153,197 
Current assets
Inventories
- 
1,000 
Debtors
7
- 
243 
Cash at bank and in hand
109,928 
209,875 
109,928 
211,118 
Creditors: amounts falling due within one year
8
(23,293)
(91,909)
Net current assets
86,635 
119,209 
Total assets less current liabilities
224,366 
272,406 
Creditors: amounts falling due after more than one year
9
(115,275)
(141,601)
Net assets
109,091 
130,805 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
108,991 
130,705 
Shareholders' funds
109,091 
130,805 
For the year ending 28 February 2023 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 29 November 2023 and were signed on its behalf by
Mr Danny McGuiness Director Company Registration No. SC354884
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B&M JOINERS (EDINBURGH) LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2022
80,000 
At 28 February 2023
80,000 
Amortisation
At 1 March 2022
48,000 
Charge for the year
8,000 
At 28 February 2023
56,000 
Net book value
At 28 February 2023
24,000 
At 28 February 2022
32,000 
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B&M JOINERS (EDINBURGH) LTD Notes to the Accounts for the year ended 28 February 2023
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
84,528 
2,414 
1,064 
88,006 
Additions
- 
- 
108 
108 
At 28 February 2023
84,528 
2,414 
1,172 
88,114 
Depreciation
At 1 March 2022
12,323 
1,343 
213 
13,879 
Charge for the year
7,221 
161 
192 
7,574 
At 28 February 2023
19,544 
1,504 
405 
21,453 
Net book value
At 28 February 2023
64,984 
910 
767 
66,661 
At 28 February 2022
72,205 
1,071 
851 
74,127 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 March 2022
47,070 
Valuation at 28 February 2023
47,070 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
243 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,028 
5,589 
VAT
7,801 
17,487 
Trade creditors
- 
297 
Taxes and social security
9,867 
7,334 
Proposed dividends
- 
29,000 
Other creditors
351 
80 
Loans from directors
- 
30,446 
Accruals
246 
1,676 
23,293 
91,909 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
68,831 
78,077 
Obligations under finance leases and hire purchase contracts
46,444 
63,524 
115,275 
141,601 
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B&M JOINERS (EDINBURGH) LTD Notes to the Accounts for the year ended 28 February 2023
10
Average number of employees
During the year the average number of employees was 7 (2022: 7).
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