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REGISTERED NUMBER: 04343583 (England and Wales)















BULL MOTIF SPARES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






BULL MOTIF SPARES LIMITED (REGISTERED NUMBER: 04343583)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BULL MOTIF SPARES LIMITED

COMPANY INFORMATION
For The Year Ended 31 MARCH 2024







DIRECTORS: M Fitton
Mrs C L Fitton
C A N Trudgian
Ms S E J Trudgian





SECRETARY: Mrs C L Fitton





REGISTERED OFFICE: 8 Church Green East
Redditch
Worcestershire
B98 8BP





REGISTERED NUMBER: 04343583 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

BULL MOTIF SPARES LIMITED (REGISTERED NUMBER: 04343583)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 291,445 289,635

CURRENT ASSETS
Stocks 286,700 305,552
Debtors 5 184,180 181,636
Cash at bank and in hand 629,148 691,256
1,100,028 1,178,444
CREDITORS
Amounts falling due within one year 6 254,806 164,337
NET CURRENT ASSETS 845,222 1,014,107
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,136,667

1,303,742

PROVISIONS FOR LIABILITIES - 1,477
NET ASSETS 1,136,667 1,302,265

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,136,567 1,302,165
SHAREHOLDERS' FUNDS 1,136,667 1,302,265

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:





M Fitton - Director


BULL MOTIF SPARES LIMITED (REGISTERED NUMBER: 04343583)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 MARCH 2024


1. STATUTORY INFORMATION

Bull Motif Spares 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.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance and 20% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

BULL MOTIF SPARES LIMITED (REGISTERED NUMBER: 04343583)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 281,860 40,198 322,058
Additions - 5,562 5,562
At 31 March 2024 281,860 45,760 327,620
DEPRECIATION
At 1 April 2023 - 32,423 32,423
Charge for year - 3,752 3,752
At 31 March 2024 - 36,175 36,175
NET BOOK VALUE
At 31 March 2024 281,860 9,585 291,445
At 31 March 2023 281,860 7,775 289,635

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 7,840 5,296
Amount due from associated company 176,340 176,340
184,180 181,636

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 110,611 71,793
Taxation and social security 50,025 38,531
Other creditors 94,170 54,013
254,806 164,337