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Company Registration No. 09516059 (England and Wales)
B.P. Auto Services Ltd Unaudited accounts for the year ended 31 March 2024
B.P. Auto Services Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Creditors: amounts falling due within one year
2 
2 
Net current assets
2 
2 
Net assets
2 
2 
Capital and reserves
Called up share capital
2 
2 
Shareholders' funds
2 
2 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 23 April 2024 and were signed on its behalf by
Chay Antony Breward Director Company Registration No. 09516059
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B.P. Auto Services Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
B.P. Auto Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 09516059. The registered office is B.P. Auto Services (UK) Ltd, The Old Brickworks, Buckle Street, Honeybourne, Worcestershire, WR11 8QE, England.
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. Prior year, a divided of £18,233 was paid to the Directors. As there were insufficient reserves to make this distribution the dividend has been reversed and the 2017 accounts restated.
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
(2)
(2)
5
Loans to directors
Prior year, interest at the official rate of 2.5% was charged on the loan.
6
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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