Company Registration No. 08280686 (England and Wales)
Bromspec Motorworks Limited
Unaudited accounts
for the year ended 31 October 2024
Bromspec Motorworks Limited
Unaudited accounts
Contents
Bromspec Motorworks Limited
Company Information
for the year ended 31 October 2024
Company Number
08280686 (England and Wales)
Registered Office
UNIT 3A BUNAS BUSINESS PARK HOLLOM DOWN
LOPCOMBE
SALISBURY
SP5 1BP
UNITED KINGDOM
Accountants
SC Tax Advisers and Accountants
41 Southgate Street
Winchester
SO23 9EH
Bromspec Motorworks Limited
Statement of financial position
as at 31 October 2024
Tangible assets
78,044
79,288
Cash at bank and in hand
108,705
85,690
Creditors: amounts falling due within one year
(82,053)
(105,687)
Net current assets
49,594
50,988
Total assets less current liabilities
127,638
130,276
Creditors: amounts falling due after more than one year
(8,969)
(2,731)
Net assets
118,669
127,545
Called up share capital
100
100
Profit and loss account
118,569
127,445
Shareholders' funds
118,669
127,545
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 January 2025 and were signed on its behalf by
James Robinson
Director
Company Registration No. 08280686
Bromspec Motorworks Limited
Notes to the Accounts
for the year ended 31 October 2024
Bromspec Motorworks Limited is a private company, limited by shares, registered in England and Wales, registration number 08280686. The registered office is UNIT 3A BUNAS BUSINESS PARK HOLLOM DOWN, LOPCOMBE, SALISBURY, SP5 1BP, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 November 2023
26,152
76,326
29,560
92
4,926
137,056
Additions
-
473
2,500
-
1,718
4,691
At 31 October 2024
26,152
76,799
32,060
92
6,644
141,747
At 1 November 2023
-
53,243
1,774
-
2,751
57,768
Charge for the year
-
3,533
1,818
-
584
5,935
At 31 October 2024
-
56,776
3,592
-
3,335
63,703
At 31 October 2024
26,152
20,023
28,468
92
3,309
78,044
At 31 October 2023
26,152
23,083
27,786
92
2,175
79,288
Bromspec Motorworks Limited
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
39,491
36,695
Taxes and social security
20,869
40,321
Other creditors
(1,500)
1,000
7
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
(531)
(12,589)
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).