Bkm Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02843578 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2017

for

Bkm Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr B P Choudhary

Mrs K Kumar

SECRETARY:

Mrs K Kumar

REGISTERED OFFICE:

101 Dunraven Street

Tonypandy

Rhondda Cynon Tafff

CF40 1AR

REGISTERED NUMBER:

02843578 (England and Wales)

ACCOUNTANTS:

Curtis Bowden & Thomas Limited

Chartered Certified Accountants

101 Dunraven Street

Tonypandy

CF40 1AR

FIXED ASSETS

Tangible assets

4

349,021

368,050

Investments

5

1,007,160

664,489

1,356,181

1,032,539

CURRENT ASSETS

Debtors

26,397

52,742

Cash at bank and in hand

29,294

33,532

55,691

86,274

CREDITORS

Amounts falling due within one year

(320,156

)

(111,940

)

NET CURRENT LIABILITIES

(264,465

)

(25,666

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,091,716

1,006,873

CREDITORS

Amounts falling due after more than one
year

(619,215

)

(469,093

)

PROVISIONS FOR LIABILITIES

(12,176

)

(14,381

)

NET ASSETS

460,325

523,399

CAPITAL AND RESERVES

Called up share capital

300

Revaluation reserve

7

236,224

Retained earnings

223,801

286,875

SHAREHOLDERS' FUNDS

460,325

523,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 30 May 2018 and were signed on its behalf by:

Dr B P Choudhary - Director

1.	STATUTORY INFORMATION

Bkm 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 accounting

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention as modified by the revaluation of certain assets.

The company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement

to produce a cashflow statement on the grounds that it is a small company.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 31 August 2017 are the first that are prepared in accordance with

FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of

transition to FRS 102 Section 1A is 1 September 2015.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Fixtures and fittings

-

12.5% 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.

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 30 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 September 2016

651,297

Additions

5,458

At 31 August 2017

656,755

DEPRECIATION

At 1 September 2016

283,247

Charge for year

24,487

At 31 August 2017

307,734

NET BOOK VALUE

At 31 August 2017

349,021

At 31 August 2016

368,050

Cost or valuation at 31 August 2017 is represented by:

Totals

£

Valuation in 2014

656,755

If Land and buildings had not been revalued they would have been included at the following historical cost:

31.8.17

31.8.16

£

Cost

565,956

Aggregate depreciation

565,956

Freehold land and buildings were valued on an open market value basis on 25 February 2015 by Pinders .

5.	FIXED ASSET INVESTMENTS

Information on loans is as follows:

Totals

£

At 1 September 2016

664,489

Additions

342,671

At 31 August 2017

1,007,160

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.17

31.8.16

£

Bank loans

658,208

502,477

There is a legal charge to secure all the liabilities of the Company to National Westminster Bank Plc.

7.

RESERVES

Revaluation

reserve

£

At 1 September 2016

and 31 August 2017

236,224

8.	RELATED PARTY DISCLOSURES

All the share capital of the company is owned by Newcore Limited, a holding company.

At the year end BKM Limited was owed £931,342 from Newcore Limited. This money was used to buy a

property.

BKM Limited also lent £75,818 to Newcore Healthcare Limited which is also wholly owned by Newcore

Limited.

There is also loans outstanding to Silvercrown Limited of £75,000 and Silvercrest Limited £24,533. Dr B

Choudhary is also a director of these companies and again these loans are repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

Ultimate control of the company lies with the directors.

10.	FIRST YEAR ADOPTION

This is the first year that the company has presented its results under FRS102. The last financial statements under

previous UK GAAP were for the year ended 31st August 2016. The date of transition was 1st September 2015.

However there are no changes in accounting policy and therefore profit for the year ended 31st August 2016 and

equity at 31st August 2016 are the same. Therefore no reconciliation is required.

Bkm Limited - Accounts to registrar (filleted) - small 18.1

Bkm Limited - Accounts to registrar (filleted) - small 18.1