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REGISTERED NUMBER: 06372877 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Crucial Bmx Limited

Crucial Bmx Limited (Registered number: 06372877)






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


Crucial Bmx Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S G Summerhayes
Mrs M L Summerhayes





SECRETARY: G M Summerhayes





REGISTERED OFFICE: Glen View
39 Headley Lane
Bristol
Avon
BS13 7QL





REGISTERED NUMBER: 06372877 (England and Wales)





ACCOUNTANTS: Castle Accountancy Services Limited
The Former Church Rooms
Church Street
Nunney
Frome
Somerset
BA11 4LW

Crucial Bmx Limited (Registered number: 06372877)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,688 12,704

CURRENT ASSETS
Stocks 97,000 97,000
Debtors 5 9,811 9,691
Cash at bank 128,574 104,130
235,385 210,821
CREDITORS
Amounts falling due within one year 6 98,582 90,576
NET CURRENT ASSETS 136,803 120,245
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,491

132,949

CREDITORS
Amounts falling due after more than one
year

7

(14,877

)

(25,017

)

PROVISIONS FOR LIABILITIES (2,422 ) (2,414 )
NET ASSETS 129,192 105,518

CAPITAL AND RESERVES
Called up share capital 8 9 9
Retained earnings 129,183 105,509
SHAREHOLDERS' FUNDS 129,192 105,518

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 directors acknowledge their 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.

Crucial Bmx Limited (Registered number: 06372877)

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 Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





Mrs M L Summerhayes - Director


Crucial Bmx Limited (Registered number: 06372877)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Crucial Bmx 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.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

Crucial Bmx Limited (Registered number: 06372877)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2023 82,944 15,159 98,103
Additions 213 - 213
At 31 December 2023 83,157 15,159 98,316
DEPRECIATION
At 1 January 2023 74,675 10,724 85,399
Charge for year 2,120 1,109 3,229
At 31 December 2023 76,795 11,833 88,628
NET BOOK VALUE
At 31 December 2023 6,362 3,326 9,688
At 31 December 2022 8,269 4,435 12,704

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax - 3,816
Prepayments 5,875 5,875
Refund of rates 3,936 -
9,811 9,691

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other loans 8,550 9,150
Trade creditors 42,626 58,234
Tax 15,790 1,304
Social security and other taxes 4,838 3,348
VAT 26,778 18,540
98,582 90,576

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Government backed loan 14,877 25,017

Amounts falling due in more than five years:

Repayable by instalments
Government backed loan 14,877 25,017

Crucial Bmx Limited (Registered number: 06372877)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
9 Ordinary £1 9 9

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £22,000 (2022 - £12,000) were paid to the directors .