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REGISTERED NUMBER: 03107720 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BCW REPAIR CENTRE LIMITED

BCW REPAIR CENTRE LIMITED (REGISTERED NUMBER: 03107720)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BCW REPAIR CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: R Taylor





REGISTERED OFFICE: Units 1 and 2
Buckingham Court
Buckingham Road
Brackley
Northamptonshire
NN13 7EU





REGISTERED NUMBER: 03107720 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

BCW REPAIR CENTRE LIMITED (REGISTERED NUMBER: 03107720)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 783,656 780,360

CURRENT ASSETS
Stocks 129,920 112,874
Debtors 5 542,449 451,824
Cash at bank and in hand 307,774 341,962
980,143 906,660
CREDITORS
Amounts falling due within one year 6 330,446 302,760
NET CURRENT ASSETS 649,697 603,900
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,433,353

1,384,260

CREDITORS
Amounts falling due after more than one
year

7

(80,253

)

(244,570

)

PROVISIONS FOR LIABILITIES (10,653 ) (1,831 )
NET ASSETS 1,342,447 1,137,859

CAPITAL AND RESERVES
Called up share capital 9 65 65
Capital redemption reserve 35 35
Retained earnings 1,342,347 1,137,759
SHAREHOLDERS' FUNDS 1,342,447 1,137,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

BCW REPAIR CENTRE LIMITED (REGISTERED NUMBER: 03107720)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 September 2024 and were signed by:





R Taylor - Director


BCW REPAIR CENTRE LIMITED (REGISTERED NUMBER: 03107720)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

BCW Repair Centre Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 18% or 20% straight line
Plant and machinery - 10% on cost
Fixtures and fittings - at varying rates on cost
Motor vehicles - 25% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

BCW REPAIR CENTRE LIMITED (REGISTERED NUMBER: 03107720)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

BCW REPAIR CENTRE LIMITED (REGISTERED NUMBER: 03107720)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1 January 2023 894,498 177,970 7,030 105,645 1,185,143
Additions - 16,001 6,156 29,750 51,907
Disposals - (26,426 ) - (33,154 ) (59,580 )
At 31 December 2023 894,498 167,545 13,186 102,241 1,177,470
DEPRECIATION
At 1 January 2023 160,412 140,402 3,807 100,162 404,783
Charge for year 17,890 11,115 856 1,859 31,720
Eliminated on disposal - (15,018 ) - (27,671 ) (42,689 )
At 31 December 2023 178,302 136,499 4,663 74,350 393,814
NET BOOK VALUE
At 31 December 2023 716,196 31,046 8,523 27,891 783,656
At 31 December 2022 734,086 37,568 3,223 5,483 780,360

5. DEBTORS
2023 2022
£ £
Amounts falling due within one year:
Trade debtors 299,637 357,587
Other debtors 240,904 92,329
540,541 449,916

Amounts falling due after more than one year:
Other debtors 1,908 1,908

Aggregate amounts 542,449 451,824

BCW REPAIR CENTRE LIMITED (REGISTERED NUMBER: 03107720)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 53,270 82,268
Trade creditors 135,949 134,832
Taxation and social security 141,227 82,428
Other creditors - 3,232
330,446 302,760

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans 80,253 244,570

8. SECURED DEBTS

The bank loans are secured by fixed and floating charges.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
65 Ordinary £1 65 65

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£ £
R Taylor
Balance outstanding at start of year - -
Amounts advanced 23,914 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,914 -