BME Nitech Limited - Accounts to registrar (filleted) - small 18.2

BME Nitech Limited - Accounts to registrar (filleted) - small 18.2

BME NITECH LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v19.1.1.57 SC511494 director 1.10.17 30.9.18 30.9.18 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC5114942017-09-30SC5114942018-09-30SC5114942017-10-012018-09-30SC5114942016-09-30SC5114942016-10-012017-09-30SC5114942017-09-30SC511494ns15:Scotland2017-10-012018-09-30SC511494ns14:PoundSterling2017-10-012018-09-30SC511494ns10:Director12017-10-012018-09-30SC511494ns10:PrivateLimitedCompanyLtd2017-10-012018-09-30SC511494ns10:SmallEntities2017-10-012018-09-30SC511494ns10:AuditExempt-NoAccountantsReport2017-10-012018-09-30SC511494ns10:SmallCompaniesRegimeForDirectorsReport2017-10-012018-09-30SC511494ns10:SmallCompaniesRegimeForAccounts2017-10-012018-09-30SC511494ns10:FullAccounts2017-10-012018-09-30SC51149412017-10-012018-09-30SC511494ns10:RegisteredOffice2017-10-012018-09-30SC511494ns5:CurrentFinancialInstruments2018-09-30SC511494ns5:CurrentFinancialInstruments2017-09-30SC511494ns5:ShareCapital2018-09-30SC511494ns5:ShareCapital2017-09-30SC511494ns5:RetainedEarningsAccumulatedLosses2018-09-30SC511494ns5:RetainedEarningsAccumulatedLosses2017-09-30SC511494ns5:NetGoodwill2017-10-012018-09-30SC511494ns5:IntangibleAssetsOtherThanGoodwill2017-10-012018-09-30SC511494ns5:NetGoodwill2017-09-30SC511494ns5:NetGoodwill2018-09-30SC511494ns5:NetGoodwill2017-09-30SC511494ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-09-30SC511494ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-09-30


REGISTERED NUMBER: SC511494 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2018

for

BME NITECH LIMITED
BME NITECH LIMITED (REGISTERED NUMBER: SC511494)

Contents of the Financial Statements
for the Year Ended 30 September 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BME NITECH LIMITED

Company Information
for the Year Ended 30 September 2018







DIRECTOR: S Borland





REGISTERED OFFICE: 5 Carden Place
Aberdeen
AB10 1UT





REGISTERED NUMBER: SC511494 (Scotland)





1
BME NITECH LIMITED (REGISTERED NUMBER: SC511494)

Balance Sheet
30 September 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 98,000 112,000

CURRENT ASSETS
Stocks 46,196 79,230
Debtors 5 71,522 22,526
Cash at bank and in hand 104,520 57,323
222,238 159,079
CREDITORS
Amounts falling due within one year 6 349,804 287,584
NET CURRENT LIABILITIES (127,566 ) (128,505 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(29,566
)
(16,505
)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (29,567 ) (16,506 )
SHAREHOLDERS' FUNDS (29,566 ) (16,505 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 18 June 2019 and were signed by:





S Borland - Director


The notes form part of these financial statements

2
BME NITECH LIMITED (REGISTERED NUMBER: SC511494)

Notes to the Financial Statements
for the Year Ended 30 September 2018


1. STATUTORY INFORMATION

BME Nitech Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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
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
BME NITECH LIMITED (REGISTERED NUMBER: SC511494)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2018


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2017
and 30 September 2018 140,000
AMORTISATION
At 1 October 2017 28,000
Charge for year 14,000
At 30 September 2018 42,000
NET BOOK VALUE
At 30 September 2018 98,000
At 30 September 2017 112,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 67,074 19,357
Amounts owed by group undertakings 1,823 1,823
Other debtors 2,625 1,346
71,522 22,526

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 19,999 44,337
Amounts owed to group undertakings 322,153 240,327
Taxation and social security 5,413 920
Other creditors 2,239 2,000
349,804 287,584

7. ULTIMATE CONTROLLING PARTY

The controlling party is BME Holdings Limited.

The ultimate controlling party is S Borland.

8. GOING CONCERN

These accounts have been prepared on the going concern basis, on the understanding that the directors and
shareholders will continue to financially support the company.

4