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REGISTERED NUMBER: SC106798 (Scotland)











Unaudited Financial Statements

for the Year Ended 31st December 2024

for

B & H Auto Spares (Oban) Limited

B & H Auto Spares (Oban) Limited (Registered number: SC106798)

Contents of the Financial Statements
for the Year Ended 31st December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B & H Auto Spares (Oban) Limited

Company Information
for the Year Ended 31st December 2024







DIRECTORS: Mr JM Bamber
Mr GL Hogg
Mr P D Bamber
Mr C M Bamber
Mr J R Bamber



SECRETARY: Mr JM Bamber



REGISTERED OFFICE: Unit 1
Claggan Road
Fort William
PH33 6PH



REGISTERED NUMBER: SC106798 (Scotland)



ACCOUNTANTS: Towers + Gornall Ltd
Chartered Certified Accountants
River View
96 High Street
Garstang
Preston
Lancashire
PR3 1WZ



BANKERS: Bank of Scotland
62 High Street
Fort William
Inverness-shire
PH33 6AE

B & H Auto Spares (Oban) Limited (Registered number: SC106798)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 188,031 177,489

CURRENT ASSETS
Inventories 220,212 195,612
Debtors 5 54,576 55,516
Cash at bank and in hand 484,689 362,695
759,477 613,823
CREDITORS
Amounts falling due within one year 6 270,685 240,820
NET CURRENT ASSETS 488,792 373,003
TOTAL ASSETS LESS CURRENT
LIABILITIES

676,823

550,492

PROVISIONS FOR LIABILITIES 7 18,600 15,964
NET ASSETS 658,223 534,528

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 658,023 534,328
SHAREHOLDERS' FUNDS 658,223 534,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

B & H Auto Spares (Oban) Limited (Registered number: SC106798)

Balance Sheet - continued
31st December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th March 2025 and were signed on its behalf by:




Mr JM Bamber - Director Mr GL Hogg - Director




Mr P D Bamber - Director Mr C M Bamber - Director




Mr J R Bamber - Director


B & H Auto Spares (Oban) Limited (Registered number: SC106798)

Notes to the Financial Statements
for the Year Ended 31st December 2024


1. STATUTORY INFORMATION

B & H Auto Spares (Oban) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 7 ) .

B & H Auto Spares (Oban) Limited (Registered number: SC106798)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Heritable and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st January 2024 113,632 39,449 79,352 33,162 265,595
Additions - 4,233 25,244 - 29,477
At 31st December 2024 113,632 43,682 104,596 33,162 295,072
DEPRECIATION
At 1st January 2024 - 29,350 31,807 26,949 88,106
Charge for year - 1,337 15,527 2,071 18,935
At 31st December 2024 - 30,687 47,334 29,020 107,041
NET BOOK VALUE
At 31st December 2024 113,632 12,995 57,262 4,142 188,031
At 31st December 2023 113,632 10,099 47,545 6,213 177,489

Included in tangible fixed assets is a property included at cost. In the directors' opinion this represents a fair value of the property.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 52,326 53,266
Prepayments and accrued income 2,250 2,250
54,576 55,516

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 126,614 130,204
Corporation tax 90,426 47,525
Social security and other taxes 46,861 40,254
Directors' current accounts 2,109 18,347
Accruals and deferred income 4,675 4,490
270,685 240,820

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 18,600 15,964

Deferred
tax
£   
Balance at 1st January 2024 15,964
Charge to Income Statement during year 2,636
Balance at 31st December 2024 18,600

B & H Auto Spares (Oban) Limited (Registered number: SC106798)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024


8. RELATED PARTY DISCLOSURES

At the year end, the company owed £2,109 (2023: £18,347) to the directors. No interest has been charged to the company in respect of this loan which is repayable on demand and classified in creditors due within one year.