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REGISTERED NUMBER: 09953369 (England and Wales)
















Financial Statements

for the Year Ended 31 January 2024

for

Bc Performance Cars Ltd

Bc Performance Cars Ltd (Registered number: 09953369)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Bc Performance Cars Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: B J Clinch





REGISTERED OFFICE: Unit 3 Netherhills Farm
Fromebridge Lane
Whitminster
Gloucester
Gloucestershire
GL2 7PD





REGISTERED NUMBER: 09953369 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Bc Performance Cars Ltd

Report of the Accountants to the Director of
Bc Performance Cars Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GCSD Accountants Limited


8 March 2024

Bc Performance Cars Ltd (Registered number: 09953369)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 250 250
Tangible assets 5 7,988 9,719
8,238 9,969

CURRENT ASSETS
Stocks 339,036 251,680
Debtors 6 1,466 1,794
Cash at bank 149,561 153,894
490,063 407,368
CREDITORS
Amounts falling due within one year 7 96,710 84,840
NET CURRENT ASSETS 393,353 322,528
TOTAL ASSETS LESS CURRENT
LIABILITIES

401,591

332,497

CREDITORS
Amounts falling due after more than
one year

8

(29,610

)

(35,162

)

PROVISIONS FOR LIABILITIES (1,997 ) (1,846 )
NET ASSETS 369,984 295,489

Bc Performance Cars Ltd (Registered number: 09953369)

Balance Sheet - continued
31 January 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 369,884 295,389
369,984 295,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 8 March 2024 and were signed by:





B J Clinch - Director


Bc Performance Cars Ltd (Registered number: 09953369)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Bc Performance Cars Ltd 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 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 33% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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 Statement of Income and Retained Earnings, 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.


Bc Performance Cars Ltd (Registered number: 09953369)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 February 2023
and 31 January 2024 250
NET BOOK VALUE
At 31 January 2024 250
At 31 January 2023 250

Bc Performance Cars Ltd (Registered number: 09953369)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 6,022 690 11,435 3,908 22,055
Additions 249 235 - 1,371 1,855
At 31 January 2024 6,271 925 11,435 5,279 23,910
DEPRECIATION
At 1 February 2023 4,155 191 5,003 2,987 12,336
Charge for year 698 110 1,608 1,170 3,586
At 31 January 2024 4,853 301 6,611 4,157 15,922
NET BOOK VALUE
At 31 January 2024 1,418 624 4,824 1,122 7,988
At 31 January 2023 1,867 499 6,432 921 9,719

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 226
Prepayments 1,466 1,568
1,466 1,794

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,101 5,578
Trade creditors 13,510 6,283
Tax 35,736 35,010
Social security and other taxes 65 -
VAT 5,053 7,360
Other creditors 2,000 500
Directors' current accounts 18,245 28,109
Accruals and deferred income 2,000 2,000
96,710 84,840

Bc Performance Cars Ltd (Registered number: 09953369)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,567 5,567
Bank loans - 2-5 years 16,701 16,701
Bank loans more 5 yr by instal 7,342 12,894
29,610 35,162

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,342 12,894

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
B J Clinch
Balance outstanding at start of year (28,108 ) 10,981
Amounts advanced 13,541 12,851
Amounts repaid (3,679 ) (51,940 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (18,246 ) (28,108 )