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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
Page
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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
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BMWUSEDSPARES.COM LTD Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,323 
3,988 
Current assets
Inventories
132,638 
98,250 
Cash at bank and in hand
3,150 
278 
135,788 
98,528 
Creditors: amounts falling due within one year
(99,109)
(94,840)
Net current assets
36,679 
3,688 
Net assets
40,002 
7,676 
Capital and reserves
Share premium
100 
100 
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
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BMWUSEDSPARES.COM LTD Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Motor vehicles
10%
Fixtures & fittings
10%
Computer equipment
10%
Inventories
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.
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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 
Depreciation
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 
Net book value
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 
99,109 
94,840 
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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