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Registered number: 04676668

Bathurst Limited

ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2024

Prepared By:
Stroud Accountancy and Taxation Services Ltd
Chartered Certified Accountants
Edgehill
The Broadway
Oakridge Lynch, Stroud
Gloucestershire
GL6 7NY

Bathurst Limited

ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2024
DIRECTORS
P A Tily
J C W Tily
K L E Tily
D J Sutlow
A J Powell
REGISTERED OFFICE
Edgehill
Oakridge Lynch
Stroud
GL6 7NY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04676668
ACCOUNTANTS
Stroud Accountancy and Taxation Services Ltd
Chartered Certified Accountants
Edgehill
The Broadway
Oakridge Lynch, Stroud
Gloucestershire
GL6 7NY

Bathurst Limited

ACCOUNTS
FOR THEYEARENDED30 APRIL 2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Accountants' Report-

Bathurst Limited

BALANCE SHEET AT 30 April 2024
20242023
Notes££
FIXED ASSETS
Tangible assets3551,034166,175
Investment Assets4110,000110,000
661,034276,175
CURRENT ASSETS
Stock4,907,9114,453,870
Debtors6287,791341,102
Cash at bank and in hand304,3532,167,047
5,500,0556,962,019
CREDITORS: Amounts falling due within one year7303,499251,410
NET CURRENT ASSETS5,196,5566,710,609
TOTAL ASSETS LESS CURRENT LIABILITIES5,857,5906,986,784
CREDITORS: Amounts falling due after more than one year8131,204131,204
PROVISIONS FOR LIABILITIES AND CHARGES102,368,3432,373,786
NET ASSETS3,358,0434,481,794
CAPITAL AND RESERVES
Called up share capital11400,000400,000
Capital redemption reserve12445,000445,000
Profit and loss account2,513,0433,636,794
SHAREHOLDERS' FUNDS3,358,0434,481,794
For the year ending 30 April 2024 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 11 March 2025 and signed on their behalf by
.............................
P A Tily
Director

Bathurst Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Propertiesstraight line over 7 years- 14.3%
Fixtures and Fittingsstraight line 25%
Equipmentstraight line 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
2. EMPLOYEES
20242023
No.No.
Average number of employees66

Bathurst Limited

3. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachinery Etc.Total
£££
Cost
At 1 May 2023281,95210,295292,247
Additions425,0003,441428,441
At 30 April 2024706,95213,736720,688
Depreciation
At 1 May 2023120,8375,235126,072
For the year40,2793,30343,582
At 30 April 2024161,1168,538169,654
Net Book Amounts
At 30 April 2024545,8365,198551,034
At 30 April 2023161,1155,060166,175
4. FINANCIAL ASSETS
Other
InvestmentsTotal
££
Cost
At 1 May 2023110,000110,000
At 30 April 2024110,000110,000
Amortisation
Net Book Amounts
At 30 April 2024110,000110,000
At 30 April 2023110,000110,000
5. STOCK 20242023
££
Stock comprises:
Stock3,969,3903,819,390
Work in progress938,521634,480
4,907,9114,453,870

Bathurst Limited

6. DEBTORS 20242023
££
Amounts falling due within one year:
VAT12,79115,673
Other debtors275,000325,429
287,791341,102
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Trade creditors43,3911,489
Taxation and social security3,6371,526
Other creditors256,471248,395
303,499251,410
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Other creditors131,204131,204
131,204131,204
9. SECURED CREDITORS
20242023
££
Amount of other creditors which are secured267,067258,977
10. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation17,73423,177
Other provisions2,350,6092,350,609
2,368,3432,373,786

Bathurst Limited

11. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
84000 Ordinary shares of £1 each8400084000
154000 A Ordinary Shares of £1 each154000154000
154000 B Ordinary Shares of £1 each154000154000
8000 C Ordinary Shares of £1 each80008000
400,000400,000
12. OTHER RESERVES 20242023
££
Capital redemption reserve445,000445,000
445,000445,000
13. CONTROLLING PARTY
The Company is controlled by the directors, K L E Tily & J C W Tily, by virtue of their holding in the ordinary voting share capital.
14. RELATED PARTY TRANSACTIONS
At 30 April 2024, the company had a loan balance of £267,027 due to a pension fund of which the directors, P A Tily, K L E Tily, and J C W Tily are trustees and members. The amount is included within Other Creditors. Interest is payable at 3.25% p/a. The loan is secured on property of the company. Also included within other creditors is an amount of £7,143 due to The Tily Familiy 2022 Trust, a trust fund set up during the year, and a shareholder in the company.
Included within Other Debtors, the company had a loan balance of £275,000, due from Cotswold Commercials Ltd, a company controlled by the director, J C W Tily.