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Registered number: 04676668

Bathurst Limited

ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2023

Prepared By:
Stroud Accountancy and Taxation Services Ltd
Chartered Certified Accountants
Edgehill
The Broadway
Oakridge Lynch, Stroud
Gloucestershire
GL6 7NY

Bathurst Limited

ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2023
DIRECTORS
P A Tily
J C W Tily
K L E Tily
D J Sutlow
A J Powell
REGISTERED OFFICE
Edgehill
Oakridge Lynch
Stroud
GL6 7NY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04676668
ACCOUNTANTS
Stroud Accountancy and Taxation Services Ltd
Chartered Certified Accountants
Edgehill
The Broadway
Oakridge Lynch, Stroud
Gloucestershire
GL6 7NY

Bathurst Limited

ACCOUNTS
FOR THEYEARENDED30 APRIL 2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Accountants' Report-

Bathurst Limited

BALANCE SHEET AT 30 April 2023
20232022
Notes££
FIXED ASSETS
Tangible assets3166,175207,949
Investment Assets4110,000110,000
276,175317,949
CURRENT ASSETS
Stock4,453,8704,207,308
Debtors6341,101404,838
Cash at bank and in hand2,167,0473,326,123
6,962,0187,938,269
CREDITORS: Amounts falling due within one year7251,409804,909
NET CURRENT ASSETS6,710,6097,133,360
TOTAL ASSETS LESS CURRENT LIABILITIES6,986,7847,451,309
CREDITORS: Amounts falling due after more than one year8131,204258,278
PROVISIONS FOR LIABILITIES AND CHARGES102,373,7862,379,637
NET ASSETS4,481,7944,813,394
CAPITAL AND RESERVES
Called up share capital11400,000400,000
Capital redemption reserve12445,000445,000
Profit and loss account3,636,7943,968,394
SHAREHOLDERS' FUNDS4,481,7944,813,394

Bathurst Limited

BALANCE SHEET AT 30 April 2023
For the year ending 30 April 2023 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 8 November 2023 and signed on their behalf by
.............................
K L E Tily
Director
.............................

Bathurst Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2023
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.
Short Leasehold Propertiesstraight line over 7 years- 14.3%
Commercial Vehiclesstraight line 25%
Fixtures and Fittingsstraight line 25%
Equipmentstraight line 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.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
2. EMPLOYEES
20232022
No.No.
Average number of employees66

Bathurst Limited

3. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachinery Etc.Total
£££
Cost
At 1 May 2022281,95211,269293,221
Additions-1,2991,299
At 30 April 2023281,95212,568294,520
Depreciation
At 1 May 202280,5584,71485,272
For the year40,2792,79443,073
At 30 April 2023120,8377,508128,345
Net Book Amounts
At 30 April 2023161,1155,060166,175
At 30 April 2022201,3946,555207,949
4. FINANCIAL ASSETS
Other
InvestmentsTotal
££
Cost
At 1 May 2022110,000110,000
At 30 April 2023110,000110,000
Amortisation
Net Book Amounts
At 30 April 2023110,000110,000
At 30 April 2022110,000110,000
5. STOCK 20232022
££
Stock comprises:
Stock3,819,3903,819,390
Work in progress634,480387,918
4,453,8704,207,308

Bathurst Limited

6. DEBTORS 20232022
££
Amounts falling due within one year:
Trade debtors-1,278
VAT15,6723,375
Other debtors325,429400,185
341,101404,838
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Trade creditors1,48913,684
Taxation and social security1,525629,850
Other creditors248,395161,375
251,409804,909
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Other creditors131,204258,278
131,204258,278
9. SECURED CREDITORS
20232022
££
Amount of other creditors which are secured258,977282,385
10. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation23,17729,028
Other provisions2,350,6092,350,609
2,373,7862,379,637

Bathurst Limited

11. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
84000 Ordinary shares of £1 each84000400000
154000 A Ordinary Shares of £1 each154000
154000 B Ordinary Shares of £1 each154000
8000 C Ordinary Shares of £1 each8000
400,000400,000
During the year, there was a redesignation of 316,000 ordinary shares, to 154,0000 ordinary A Shares, 154,000 ordinary B Shares, and 8,000 ordinary C shares,
12. OTHER RESERVES 20232022
££
Capital redemption reserve445,000445,000
445,000445,000
13. CONTROLLING PARTY
The company was controlled by the director, P A Tily during part of the year to November 2022, afterwhich, the Company is now controlled by the directors, K L E Tily & J C W Tily, by virtue of their holding in the ordinary voting share capital.
14. RELATED PARTY TRANSACTIONS
At 30 April 2023, the company had a loan balance of £258,977 due to a pension fund of which the directors, P A Tily, K L E Tily, and J C W Tily are trustees and members. The amount is included within Other Creditors. Interest is payable at 3.25% p/a. The loan is secured on property of the company. Also included within other creditors is an amount of £58,000 due to The Tily Familiy 2022 Trust, a trust fund set up during the year, and a shareholder in the company.
Included within Other Debtors, the company had a loan balance of £325,000, due from Cotswold Commercials Ltd, a company controlled by the director, J C W Tily.