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REGISTERED NUMBER: 04871310 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

B & C RECONDITIONING (GEARS) LIMITED

B & C RECONDITIONING (GEARS) LIMITED (REGISTERED NUMBER: 04871310)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


B & C RECONDITIONING (GEARS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: Mr T A Cousins





SECRETARY: Mrs N Cousins





REGISTERED OFFICE: Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD





REGISTERED NUMBER: 04871310 (England and Wales)






B & C RECONDITIONING (GEARS) LIMITED (REGISTERED NUMBER: 04871310)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 3,580 13,536
3,580 13,536

CURRENT ASSETS
Stocks 19,582 17,132
Debtors 7 91,702 135,539
Cash at bank and in hand 192,242 176,826
303,526 329,497
CREDITORS
Amounts falling due within one year 8 40,991 29,215
NET CURRENT ASSETS 262,535 300,282
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,115

313,818

PROVISIONS FOR LIABILITIES - 2,352
NET ASSETS 266,115 311,466

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 266,114 311,465
SHAREHOLDERS' FUNDS 266,115 311,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 director and authorised for issue on 2 June 2025 and were signed by:





Mr T A Cousins - Director


B & C RECONDITIONING (GEARS) LIMITED (REGISTERED NUMBER: 04871310)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

B & C Reconditioning (Gears) 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.

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.

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

Goodwill
Positive goodwill was capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% straight line
Plant and machinery - 20% straight line
Fixtures and fittings - 20% straight line
Motor vehicles - 20% straight line
Computer equipment - 33% straight line

All fixed assets are initially recorded 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 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.

B & C RECONDITIONING (GEARS) LIMITED (REGISTERED NUMBER: 04871310)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


3. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 49,000
AMORTISATION
At 1 December 2023
and 30 November 2024 49,000
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

B & C RECONDITIONING (GEARS) LIMITED (REGISTERED NUMBER: 04871310)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


6. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 December 2023 1,394 82,006 917
Additions - - -
Disposals - - -
At 30 November 2024 1,394 82,006 917
DEPRECIATION
At 1 December 2023 1,394 81,970 703
Charge for year - 33 97
Eliminated on disposal - - -
At 30 November 2024 1,394 82,003 800
NET BOOK VALUE
At 30 November 2024 - 3 117
At 30 November 2023 - 36 214

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2023 50,000 7,182 141,499
Additions - 1,083 1,083
Disposals - (958 ) (958 )
At 30 November 2024 50,000 7,307 141,624
DEPRECIATION
At 1 December 2023 39,153 4,743 127,963
Charge for year 10,000 909 11,039
Eliminated on disposal - (958 ) (958 )
At 30 November 2024 49,153 4,694 138,044
NET BOOK VALUE
At 30 November 2024 847 2,613 3,580
At 30 November 2023 10,847 2,439 13,536

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 45,791 73,870
Amounts owed by group undertakings 40,912 55,545
Other debtors 4,999 6,124
91,702 135,539

B & C RECONDITIONING (GEARS) LIMITED (REGISTERED NUMBER: 04871310)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,904 7,332
Taxation and social security 20,613 18,704
Other creditors 4,474 3,179
40,991 29,215

9. CALLED UP SHARE CAPITAL

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

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.