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Registered number: 12369832

B-Spoke Automotive Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

B-Spoke Automotive Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
Mr J Welden
Mr C J Nicholson
REGISTERED OFFICE
6 Brunswick Street
Carlisle
CA1 1PN
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 12369832
ACCOUNTANTS
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

B-Spoke Automotive Limited

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

B-Spoke Automotive Limited

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets319,52215,370
CURRENT ASSETS
Stock6,8005,200
Debtors58,57810,412
15,37815,612
CREDITORS: Amounts falling due within one year659,35553,353
NET CURRENT LIABILITIES(43,977)(37,741)
TOTAL ASSETS LESS CURRENT LIABILITIES(24,455)(22,371)
CREDITORS: Amounts falling due after more than one year715,4918,700
NET LIABILITIES(39,946)(31,071)
CAPITAL AND RESERVES
Called up share capital91010
Profit and loss account(39,956)(31,081)
SHAREHOLDERS' FUNDS(39,946)(31,071)
For the year ending 31/12/2023 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 20/09/2024 and signed on their behalf by
.............................
Mr J Welden
Director

B-Spoke Automotive Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
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.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 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.
2. EMPLOYEES
20232022
No.No.
Average number of employees11

B-Spoke Automotive Limited

3. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesEquipmentTotal
££££
Cost
At 01/01/202313,53217,30069231,524
Additions-14,500-14,500
Disposals-(9,100)-(9,100)
At 31/12/202313,53222,70069236,924
Depreciation
At 01/01/20236,9478,84835916,154
Disposals-(6,220)-(6,220)
For the year1,6475,738837,468
At 31/12/20238,5948,36644217,402
Net Book Amounts
At 31/12/20234,93814,33425019,522
At 31/12/20226,5858,45233315,370
4. STOCK 20232022
££
Stock comprises:
Work in progress6,8005,200
6,8005,200
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors3,0242,420
VAT5,5544,382
Prepayments-3,610
8,57810,412

B-Spoke Automotive Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Directors current account33,88722,582
Bank loans and overdrafts2,7226,575
Bank loan3,6003,600
Hire purchase2,900-
Trade creditors14,79619,996
Accruals1,450600
59,35553,353
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr5,1008,700
Hire purchase >1yr10,391-
15,4918,700
8. SECURED CREDITORS
20232022
££
Amount of other creditors which are secured13,291-
Hire purchase creditors are secured on the assets to which the liability relates.
9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
10 Ordinary shares of £1 each1010
1010

B-Spoke Automotive Limited

10. RELATED PARTY TRANSACTIONS
Remuneration of £9,096 was paid to the director during the year (2022 - £6,822). A loan of £33,887 (2022 - £22,582) was owed to the director at the balance sheet date. The loan is interest free, unsecured and repayable on demand.
11. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England & Wales.
The company's registered number is 12369832.
The company's registered office is 6 Brunswick Street, Carlisle, CA1 1PN.