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Registered number: 12369832

B-Spoke Automotive Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2022

Prepared By:
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

B-Spoke Automotive Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2022
DIRECTORS
Mr J Welden
Mr C J Nicholson
REGISTERED OFFICE
6 Brunswick Street
Carlisle
CA1 1PN
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 12369832
ACCOUNTANTS
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

B-Spoke Automotive Limited

ACCOUNTS
FOR THEYEARENDED31/12/2022
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

B-Spoke Automotive Limited

BALANCE SHEET AT 31/12/2022
20222021
Notes££
FIXED ASSETS
Tangible assets315,37019,193
CURRENT ASSETS
Stock5,2005,200
Debtors510,4129,924
15,61215,124
CREDITORS: Amounts falling due within one year653,35329,470
NET CURRENT LIABILITIES(37,741)(14,346)
TOTAL ASSETS LESS CURRENT LIABILITIES(22,371)4,847
CREDITORS: Amounts falling due after more than one year78,70012,300
NET LIABILITIES(31,071)(7,453)
CAPITAL AND RESERVES
Called up share capital81010
Profit and loss account(31,081)(7,463)
SHAREHOLDERS' FUNDS(31,071)(7,453)
For the year ending 31/12/2022 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 03/01/2023 and signed on their behalf by
.............................
Mr J Welden
Director

B-Spoke Automotive Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2022
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20222021
No.No.
Average number of employees1-

B-Spoke Automotive Limited

3. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesEquipmentTotal
££££
Cost
At 01/01/202212,23217,30069230,224
Additions1,300--1,300
At 31/12/202213,53217,30069231,524
Depreciation
At 01/01/20224,7526,03124811,031
For the year2,1952,8171115,123
At 31/12/20226,9478,84835916,154
Net Book Amounts
At 31/12/20226,5858,45233315,370
At 31/12/20217,48011,26944419,193
4. STOCK 20222021
££
Stock comprises:
Work in progress5,2005,200
5,2005,200
5. DEBTORS 20222021
££
Amounts falling due within one year
Trade debtors2,4204,991
VAT4,3821,349
Prepayments3,6103,584
10,4129,924

B-Spoke Automotive Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20222021
££
Directors current account22,58213,872
Bank loans and overdrafts6,5753,942
Bank loan3,6003,600
Trade creditors19,9967,456
Accruals600600
53,35329,470
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20222021
££
Bank loans (unsecured) >1yr8,70012,300
8,70012,300
8. SHARE CAPITAL 20222021
££
Allotted, issued and fully paid:
10 Ordinary shares of £1 each1010
1010
9. RELATED PARTY TRANSACTIONS
Remuneration of £6,822 was paid to the director during the year (2021 - £Nil). A loan of £22,582 (2021 - £13,872) was owed to the director at the balance sheet date. The loan is interest free, unsecured and repayable on demand.
10. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England & Wales.
The company's registered number is 12369832.
The company's registered office is 6 Brunswick Street, Carlisle, CA1 1PN.