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Company Registration No. 14345674 (England and Wales)
Bearings South West Engineering Services Limited Unaudited accounts for the period from 1 October 2023 to 31 March 2024
Bearings South West Engineering Services Limited Unaudited accounts Contents
Page
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Bearings South West Engineering Services Limited Company Information for the period from 1 October 2023 to 31 March 2024
Director
Mr D R Green
Company Number
14345674 (England and Wales)
Registered Office
LLOYDS BANK CHAMBERS HIGH STREET CREDITON DEVON EX17 3AH UNITED KINGDOM
Accountants
H W Martin & Co LLP Lloyds Bank Chambers High Street Crediton Devon EX17 3AH
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Bearings South West Engineering Services Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,050 
- 
Current assets
Debtors
211,663 
167,405 
Cash at bank and in hand
171,337 
79,772 
383,000 
247,177 
Creditors: amounts falling due within one year
(222,035)
(188,223)
Net current assets
160,965 
58,954 
Net assets
174,015 
58,954 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
173,915 
58,854 
Shareholders' funds
174,015 
58,954 
For the period ending 31 March 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 his 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 16 March 2025 and were signed on its behalf by
Mr D R Green Director Company Registration No. 14345674
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Bearings South West Engineering Services Limited Notes to the Accounts for the period from 1 October 2023 to 31 March 2024
1
Statutory information
Bearings South West Engineering Services Limited is a private company, limited by shares, registered in England and Wales, registration number 14345674. The registered office is LLOYDS BANK CHAMBERS, HIGH STREET, CREDITON, DEVON, EX17 3AH, 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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
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.
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
20% reducing balance basis
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 October 2023
- 
Additions
14,500 
At 31 March 2024
14,500 
Depreciation
Charge for the period
1,450 
At 31 March 2024
1,450 
Net book value
At 31 March 2024
13,050 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
211,063 
167,405 
Accrued income and prepayments
600 
- 
211,663 
167,405 
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Bearings South West Engineering Services Limited Notes to the Accounts for the period from 1 October 2023 to 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
27,495 
3,442 
Trade creditors
140,894 
165,299 
Taxes and social security
50,486 
16,316 
Other creditors
2,940 
2,940 
Loans from directors
220 
226 
222,035 
188,223 
7
Average number of employees
During the period the average number of employees was 1 (2023: 1).
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