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REGISTERED NUMBER: 08716954 (England and Wales)















Financial Statements for the Year Ended 31st October 2024

for

Bentley Salvage Ltd

Bentley Salvage Ltd (Registered number: 08716954)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bentley Salvage Ltd

Company Information
for the Year Ended 31st October 2024







DIRECTOR: Mr T Wallis





REGISTERED OFFICE: Ground Floor
Southway House
29 Southway
Colchester
Essex
CO5 8AR





REGISTERED NUMBER: 08716954 (England and Wales)

Bentley Salvage Ltd (Registered number: 08716954)

Balance Sheet
31st October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 19,613 20,361

CURRENT ASSETS
Stocks and work in progress 8,700 8,000
Debtors 5 19,252 17,805
Cash at bank 2,626 3,665
30,578 29,470
CREDITORS
Amounts falling due within one year 6 139,621 132,191
NET CURRENT LIABILITIES (109,043 ) (102,721 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(89,430

)

(82,360

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (89,431 ) (82,361 )
SHAREHOLDERS' FUNDS (89,430 ) (82,360 )

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

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

The director acknowledges his 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.

Bentley Salvage Ltd (Registered number: 08716954)

Balance Sheet - continued
31st October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22nd May 2025 and were signed by:





Mr T Wallis - Director


Bentley Salvage Ltd (Registered number: 08716954)

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

1. STATUTORY INFORMATION

Bentley Salvage Ltd is a private company, limited by shares , registered in England and Wales. 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
Turnover 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.
Plant and machinery - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stocks and work in progress 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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Bentley Salvage Ltd (Registered number: 08716954)

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

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Office
property machinery equipment Totals
£    £    £    £   
COST
At 1st November 2023 16,020 45,077 4,453 65,550
Additions - - 416 416
At 31st October 2024 16,020 45,077 4,869 65,966
DEPRECIATION
At 1st November 2023 - 41,324 3,865 45,189
Charge for year - 938 226 1,164
At 31st October 2024 - 42,262 4,091 46,353
NET BOOK VALUE
At 31st October 2024 16,020 2,815 778 19,613
At 31st October 2023 16,020 3,753 588 20,361

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 352
Other debtors 606 388
Deferred tax asset 18,646 16,987
Prepayments and accrued income - 78
19,252 17,805

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 130 2,240
Other creditors 139,491 129,951
139,621 132,191

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr T Wallis.