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REGISTERED NUMBER: 04423324











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

BAC SPARES & EQUIPMENT LIMITED

BAC SPARES & EQUIPMENT LIMITED (REGISTERED NUMBER: 04423324)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAC SPARES & EQUIPMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: B A Caulkett
A E Caulkett





REGISTERED OFFICE: 10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA





BUSINESS ADDRESS: 15 Homefield Road
Haverhill
Suffolk
CB9 8QP





REGISTERED NUMBER: 04423324





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

BAC SPARES & EQUIPMENT LIMITED (REGISTERED NUMBER: 04423324)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 980,427 1,002,529

CURRENT ASSETS
Stocks - 2,000
Debtors 6 3,107 3,783
Cash at bank 51,305 85,594
54,412 91,377
CREDITORS
Amounts falling due within one
year

7

(304,500

)

(380,824

)
NET CURRENT LIABILITIES (250,088 ) (289,447 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

730,339

713,082

CREDITORS
Amounts falling due after more
than one year

8

(48,500

)

(57,900

)

PROVISIONS FOR LIABILITIES 10 (18,676 ) -

ACCRUALS AND DEFERRED INCOME (1,200 ) (1,136 )
NET ASSETS 661,963 654,046

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 661,961 654,044
SHAREHOLDERS' FUNDS 661,963 654,046

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

BAC SPARES & EQUIPMENT LIMITED (REGISTERED NUMBER: 04423324)

BALANCE SHEET - continued
31 AUGUST 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by:




B A Caulkett - Director



A E Caulkett - Director


BAC SPARES & EQUIPMENT LIMITED (REGISTERED NUMBER: 04423324)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Bac Spares & Equipment Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents the net invoiced sales of shovel attachments and hire of equipment excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Equipment - 25% reducing balance

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

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

BAC SPARES & EQUIPMENT LIMITED (REGISTERED NUMBER: 04423324)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 905,723 286,579 1,192,302
Additions - 2,800 2,800
At 31 August 2024 905,723 289,379 1,195,102
DEPRECIATION
At 1 September 2023 - 189,773 189,773
Charge for year - 24,902 24,902
At 31 August 2024 - 214,675 214,675
NET BOOK VALUE
At 31 August 2024 905,723 74,704 980,427
At 31 August 2023 905,723 96,806 1,002,529

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 72,000
DEPRECIATION
At 1 September 2023 18,000
Charge for year 13,500
At 31 August 2024 31,500
NET BOOK VALUE
At 31 August 2024 40,500
At 31 August 2023 54,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 840
Other debtors 3,107 2,943
3,107 3,783

BAC SPARES & EQUIPMENT LIMITED (REGISTERED NUMBER: 04423324)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 9,400 9,400
Trade creditors 60 -
Tax 15,040 -
Social security and other
taxes

374

344
VAT 9,379 11,459
Other creditors 270,114 359,488
Directors' current accounts 133 133
304,500 380,824

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 48,500 57,900

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 57,900 67,300

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 18,676 -

Deferred
tax
£   
Provided during year 18,676
Balance at 31 August 2024 18,676

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary shares 1 2 2