Company Registration No. 11664188 (England and Wales)
BMWUSEDSPARES.COM LTD
Unaudited accounts
for the year ended 30 November 2024
BMWUSEDSPARES.COM LTD
Unaudited accounts
Contents
BMWUSEDSPARES.COM LTD
Company Information
for the year ended 30 November 2024
Director
Christianah Adetokunbo ADEDOYIN
Company Number
11664188 (England and Wales)
Registered Office
1ST FLOOR, GIBSON HOUSE 800
HIGH ROAD
TOTTENHAM
LONDON
N17 0DH
UNITED KINGDOM
Accountants
Chukwura Raphael Onu (FCPA, ACAT, FFA, FIPA, FAIA, MICB)
1st Floor, Gibson House
800 High Road Tottenham
TOTTENHAM, LONDON
London
N17 0DH
BMWUSEDSPARES.COM LTD
Statement of financial position
as at 30 November 2024
Tangible assets
3,323
3,988
Inventories
132,638
98,250
Cash at bank and in hand
3,150
278
Creditors: amounts falling due within one year
(99,109)
(94,840)
Net current assets
36,679
3,688
Profit and loss account
39,902
7,576
Shareholders' funds
40,002
7,676
For the year ending 30 November 2024 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 January 2025 and were signed on its behalf by
Christianah Adetokunbo ADEDOYIN
Director
Company Registration No. 11664188
BMWUSEDSPARES.COM LTD
Notes to the Accounts
for the year ended 30 November 2024
BMWUSEDSPARES.COM LTD is a private company, limited by shares, registered in England and Wales, registration number 11664188. The registered office is 1ST FLOOR, GIBSON HOUSE 800, HIGH ROAD, TOTTENHAM, LONDON, N17 0DH, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 November 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
BMWUSEDSPARES.COM LTD
Notes to the Accounts
for the year ended 30 November 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2023
2,800
2,375
1,471
6,646
At 30 November 2024
2,800
2,375
1,471
6,646
At 1 December 2023
1,120
950
588
2,658
Charge for the year
280
238
147
665
At 30 November 2024
1,400
1,188
735
3,323
At 30 November 2024
1,400
1,187
736
3,323
At 30 November 2023
1,680
1,425
883
3,988
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
7,612
3,315
Other creditors
91,497
91,525
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).