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COMPANY REGISTRATION NUMBER: 07283663
BP Motor Bodybuilders and Engineers Limited
Filleted Unaudited Financial Statements
30 June 2024
BP Motor Bodybuilders and Engineers Limited
Financial Statements
Year ended 30 June 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
BP Motor Bodybuilders and Engineers Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
81,482
71,752
Current assets
Stocks
16,887
23,495
Debtors
6
112,235
53,044
Cash at bank and in hand
98,075
83,726
---------
---------
227,197
160,265
Creditors: amounts falling due within one year
7
301,402
297,000
---------
---------
Net current liabilities
74,205
136,735
--------
---------
Total assets less current liabilities
7,277
( 64,983)
-------
--------
Net assets/(liabilities)
7,277
( 64,983)
-------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
7,276
( 64,984)
-------
--------
Shareholders funds/(deficit)
7,277
( 64,983)
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BP Motor Bodybuilders and Engineers Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 24 March 2025 , and are signed on behalf of the board by:
D J Kedward
L Kedward
Director
Director
Company registration number: 07283663
BP Motor Bodybuilders and Engineers Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Midway House, Staverton Technology Park, Herrick Way, Staverton, Cheltenham, GL51 6TQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company depends upon the continued support of the director. The director also agrees not to withdraw his support for a period not less than 12 months from the date of approval of these financial statements. No adjustments in respect of this support being withdrawn are included in these financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery
-
25% reducing balance
Office Equipment & Furniture
-
10% & 40% per annum reducing balance
Motor Vehicles
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2023: 10 ).
5. Tangible assets
Leasehold Property Improvements
Plant & Machinery
Fixtures and fittings
Motor Vehicles
Total
£
£
£
£
£
Cost
At 1 July 2023
50,136
90,698
3,219
53,262
197,315
Additions
16,844
16,844
--------
---------
-------
--------
---------
At 30 June 2024
50,136
107,542
3,219
53,262
214,159
--------
---------
-------
--------
---------
Depreciation
At 1 July 2023
84,503
1,962
39,098
125,563
Charge for the year
3,150
420
3,544
7,114
--------
---------
-------
--------
---------
At 30 June 2024
87,653
2,382
42,642
132,677
--------
---------
-------
--------
---------
Carrying amount
At 30 June 2024
50,136
19,889
837
10,620
81,482
--------
---------
-------
--------
---------
At 30 June 2023
50,136
6,195
1,257
14,164
71,752
--------
---------
-------
--------
---------
6. Debtors
2024
2023
£
£
Trade debtors
63,681
32,902
Other debtors
48,554
20,142
---------
--------
112,235
53,044
---------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
58,561
40,768
Social security and other taxes
26,575
22,810
Pension control
685
774
Other creditors
215,581
232,648
---------
---------
301,402
297,000
---------
---------
8. Related party transactions
The company was under the control of Mr D Kedward throughout the current year. He is the managing director and majority shareholder.