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REGISTERED NUMBER: 01648619 (England and Wales)

























Unaudited Financial Statements for the Year Ended 30 April 2024

for

Bakestone Motors Limited

Bakestone Motors Limited (Registered number: 01648619)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Bakestone Motors Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs J D Thiele
A Thiele





SECRETARY: A Thiele





REGISTERED OFFICE: 4a Adlington Industrial
Estate, Adlington
Stockport
Cheshire
SK10 4NL





REGISTERED NUMBER: 01648619 (England and Wales)





ACCOUNTANTS: IN Accountancy Limited
2 Station View
Bramhall Moor Lane
Hazel Grove
Stockport
Cheshire
SK7 5ER

Bakestone Motors Limited (Registered number: 01648619)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,923 4,728

CURRENT ASSETS
Stocks 9,700 13,700
Debtors 5 12,175 2,385
Cash at bank 72,232 95,356
94,107 111,441
CREDITORS
Amounts falling due within one year 6 55,945 48,589
NET CURRENT ASSETS 38,162 62,852
TOTAL ASSETS LESS CURRENT LIABILITIES 56,085 67,580

CREDITORS
Amounts falling due after more than one
year

7

(11,531

)

(21,484

)

PROVISIONS FOR LIABILITIES (3,327 ) (802 )
NET ASSETS 41,227 45,294

Bakestone Motors Limited (Registered number: 01648619)

Balance Sheet - continued
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 41,127 45,194
SHAREHOLDERS' FUNDS 41,227 45,294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by:





A Thiele - Director


Bakestone Motors Limited (Registered number: 01648619)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Bakestone Motors 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.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 10% 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.

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


Bakestone Motors Limited (Registered number: 01648619)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 7,452 113,421 120,873
Additions - 15,250 15,250
At 30 April 2024 7,452 128,671 136,123
DEPRECIATION
At 1 May 2023 2,724 113,421 116,145
Charge for year 149 1,906 2,055
At 30 April 2024 2,873 115,327 118,200
NET BOOK VALUE
At 30 April 2024 4,579 13,344 17,923
At 30 April 2023 4,728 - 4,728

Bakestone Motors Limited (Registered number: 01648619)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 10,904 2,311
Other debtors 1,271 74
12,175 2,385

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 17,517 12,798
Taxation and social security 23,388 20,842
Other creditors 5,040 4,949
55,945 48,589

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 11,531 21,484

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the end of the financial year, the company was owed £1,197 from the directors. In 2023, the company owed £93 to the directors.

9. RELATED PARTY DISCLOSURES

There are rental charges within the accounts where the company is renting from a property owned by one of the directors.

10. ULTIMATE CONTROLLING PARTY

The controlling party is the directors.