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REGISTERED NUMBER: 07177355 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BMS MOTORBITZ LIMITED

BMS MOTORBITZ LIMITED (REGISTERED NUMBER: 07177355)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BMS MOTORBITZ LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: R L Withers





SECRETARY:





REGISTERED OFFICE: Unit 1
8 Lutterworth Road
Blaby
Leicester
LE8 4DN





REGISTERED NUMBER: 07177355 (England and Wales)





ACCOUNTANTS: AEH Accountancy Ltd
Church Farm
Main Street
Willey
Warwickshire
CV23 0SH

BMS MOTORBITZ LIMITED (REGISTERED NUMBER: 07177355)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,173 29,111

CURRENT ASSETS
Stocks 82,947 80,004
Debtors 5 115,867 131,910
Cash at bank and in hand 57,311 36,534
256,125 248,448
CREDITORS
Amounts falling due within one year 6 99,633 105,090
NET CURRENT ASSETS 156,492 143,358
TOTAL ASSETS LESS CURRENT
LIABILITIES

179,665

172,469

CREDITORS
Amounts falling due after more than one
year

7

(14,839

)

(39,815

)

PROVISIONS FOR LIABILITIES (5,531 ) (5,531 )
NET ASSETS 159,295 127,123

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 158,295 126,123
SHAREHOLDERS' FUNDS 159,295 127,123

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

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

BMS MOTORBITZ LIMITED (REGISTERED NUMBER: 07177355)

BALANCE SHEET - continued
31 MARCH 2024


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 11 September 2024 and were signed by:





R L Withers - Director


BMS MOTORBITZ LIMITED (REGISTERED NUMBER: 07177355)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

BMS Motorbitz 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 - 15% on reducing balance
Fixtures, fittings & equipment - 15% on reducing balance
Motor vehicles - 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.

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 5 (2023 - 5 ) .

BMS MOTORBITZ LIMITED (REGISTERED NUMBER: 07177355)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures,
Plant and fittings Motor Computer
machinery & equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 43,666 1,500 46,284 17,748 109,198
Additions - 1,048 - - 1,048
At 31 March 2024 43,666 2,548 46,284 17,748 110,246
DEPRECIATION
At 1 April 2023 39,140 1,500 27,204 12,243 80,087
Charge for year 905 1,311 4,770 - 6,986
At 31 March 2024 40,045 2,811 31,974 12,243 87,073
NET BOOK VALUE
At 31 March 2024 3,621 (263 ) 14,310 5,505 23,173
At 31 March 2023 4,526 - 19,080 5,505 29,111

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,124 39,592
Other debtors - 2,533
Directors' current accounts 66,617 75,475
Prepayments and accrued income 13,126 14,310
115,867 131,910

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,771 -
Trade creditors 80,688 78,102
Tax (3,811 ) 2,620
VAT 11,221 8,552
Other creditors 33 10,621
PAYE & NI 2,062 2,284
Accrued expenses 2,669 2,911
99,633 105,090

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 14,839 39,815

8. RELATED PARTY DISCLOSURES

as of 31 March 2024 an amount of £66,617 ( 2023 was £75,476) was owed to the company by the directors