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Company Registration No. 12294830 (England and Wales)
Countrose Bearings Limited Unaudited accounts for the year ended 30 November 2023
Countrose Bearings Limited Unaudited accounts Contents
Page
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Countrose Bearings Limited Company Information for the year ended 30 November 2023
Director
Barry Ernest Robinson
Company Number
12294830 (England and Wales)
Registered Office
Registered Office 39 Knoll Drive COVENTRY West Midlands CV3 5BU England
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Countrose Bearings Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
29,574 
3,445 
Current assets
Inventories
46,523 
31,515 
Debtors
16,409 
12,868 
Cash at bank and in hand
118,803 
157,650 
181,735 
202,033 
Creditors: amounts falling due within one year
(17,704)
(12,194)
Net current assets
164,031 
189,839 
Net assets
193,605 
193,284 
Capital and reserves
Called up share capital
273 
273 
Share premium
199,932 
199,932 
Profit and loss account
(6,600)
(6,921)
Shareholders' funds
193,605 
193,284 
For the year ending 30 November 2023 the company was entitled to exemption from audit 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 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 31 August 2024 and were signed on its behalf by
Barry Ernest Robinson Director Company Registration No. 12294830
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Countrose Bearings Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Countrose Bearings Limited is a private company, limited by shares, registered in England and Wales, registration number 12294830. The registered office is Registered Office, 39 Knoll Drive, COVENTRY, West Midlands, CV3 5BU, England. The principal place of business is Silverthorne Lane , Cradely Heath , BIRMINGHAM, West Midlands, B64 5AP, 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.
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.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
2,850 
595 
3,445 
Additions
25,982 
147 
26,129 
At 30 November 2023
28,832 
742 
29,574 
Depreciation
At 30 November 2023
- 
- 
- 
Net book value
At 30 November 2023
28,832 
742 
29,574 
At 30 November 2022
2,850 
595 
3,445 
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Countrose Bearings Limited Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
2,585 
1,223 
Trade debtors
13,619 
11,439 
Other debtors
205 
206 
16,409 
12,868 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
14,248 
11,860 
Other creditors
3,456 
334 
17,704 
12,194 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
273 Ordinary shares of £1 each
273 
273 
8
Capital commitments
2023 
2022 
£ 
£ 
Amounts contracted but not provided for in the accounts
80,000 
100,000 
The Company has entered in to a financial agreement to acquire certain Intellectual Property, Tooling, Equipment etc for £100,000.
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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