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REGISTERED NUMBER: 00959718 (England and Wales)



















B.A.B. MOTORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025






B.A.B. MOTORS LIMITED (REGISTERED NUMBER: 00959718)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


B.A.B. MOTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTOR: Mr A Booth





SECRETARY: Mr A Booth





REGISTERED OFFICE: Elton Road
DERBY
Derbyshire
DE24 8EG





REGISTERED NUMBER: 00959718 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

B.A.B. MOTORS LIMITED (REGISTERED NUMBER: 00959718)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,593,011 1,624,009
Investments 5 100 100
1,593,111 1,624,109

CURRENT ASSETS
Stocks 319,685 550,250
Debtors 6 43,769 56,538
Cash at bank and in hand 108,161 28,018
471,615 634,806
CREDITORS
Amounts falling due within one year 7 522,287 590,780
NET CURRENT (LIABILITIES)/ASSETS (50,672 ) 44,026
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,542,439

1,668,135

CREDITORS
Amounts falling due after more than one
year

8

(112,752

)

(156,479

)

PROVISIONS FOR LIABILITIES (12,452 ) (8,180 )
NET ASSETS 1,417,235 1,503,476

CAPITAL AND RESERVES
Called up share capital 10 11,000 11,000
Retained earnings 1,406,235 1,492,476
SHAREHOLDERS' FUNDS 1,417,235 1,503,476

B.A.B. MOTORS LIMITED (REGISTERED NUMBER: 00959718)

BALANCE SHEET - continued
31 JANUARY 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 25 June 2025 and were signed by:





Mr A Booth - Director


B.A.B. MOTORS LIMITED (REGISTERED NUMBER: 00959718)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1. STATUTORY INFORMATION

B.A.B. Motors Limited 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.

Preparation of consolidated financial statements
The financial statements contain information about B.A.B. Motors Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Freehold property - 4% on cost and 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost or deemed cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks 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.

B.A.B. MOTORS LIMITED (REGISTERED NUMBER: 00959718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


2. ACCOUNTING POLICIES - continued

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2024 1,786,990 140,106 61,202
Additions - 14,172 224
Disposals - - -
At 31 January 2025 1,786,990 154,278 61,426
DEPRECIATION
At 1 February 2024 219,559 110,778 37,212
Charge for year 31,982 6,526 6,061
Eliminated on disposal - - -
At 31 January 2025 251,541 117,304 43,273
NET BOOK VALUE
At 31 January 2025 1,535,449 36,974 18,153
At 31 January 2024 1,567,431 29,328 23,990

B.A.B. MOTORS LIMITED (REGISTERED NUMBER: 00959718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2024 8,394 2,939 1,999,631
Additions - 1,070 15,466
Disposals (4,227 ) - (4,227 )
At 31 January 2025 4,167 4,009 2,010,870
DEPRECIATION
At 1 February 2024 5,347 2,726 375,622
Charge for year 574 569 45,712
Eliminated on disposal (3,475 ) - (3,475 )
At 31 January 2025 2,446 3,295 417,859
NET BOOK VALUE
At 31 January 2025 1,721 714 1,593,011
At 31 January 2024 3,047 213 1,624,009

Included in Freehold Property is land at an original cost of £311,043 (2024: £311,043) which is not subject to annual depreciation.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2024
and 31 January 2025 100
NET BOOK VALUE
At 31 January 2025 100
At 31 January 2024 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 22,936 43,960
Other debtors 6,040 -
Prepayments and accrued income 14,793 12,578
43,769 56,538

B.A.B. MOTORS LIMITED (REGISTERED NUMBER: 00959718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 330,581 224,940
Corporation tax 32,899 73,311
Social security and other taxes 6,841 5,674
VAT 39,806 42,447
Other creditors 4,942 48,723
Directors' current accounts 48,681 141,623
Accruals and deferred income 8,537 4,062
522,287 590,780

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 1-2 years 50,000 50,000
Bank loans - 2-5 years 62,752 106,479
112,752 156,479

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 162,752 206,479

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
11,000 Ordinary £1 11,000 11,000