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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
Page
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Bromspec Motorworks Limited Company Information for the year ended 31 October 2024
Director
James Robinson
Secretary
Tracy Stedman
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
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Bromspec Motorworks Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
78,044 
79,288 
Current assets
Inventories
3,227 
3,227 
Debtors
19,715 
67,758 
Cash at bank and in hand
108,705 
85,690 
131,647 
156,675 
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 
Capital and reserves
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
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Bromspec Motorworks Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
15%
Motor vehicles
6%
Computer equipment
15%
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 
Depreciation
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 
Net book value
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 
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Bromspec Motorworks Limited Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
12,402 
11,268 
Trade debtors
7,313 
6,490 
Other debtors
- 
50,000 
19,715 
67,758 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
21,523 
26,001 
Trade creditors
39,491 
36,695 
Taxes and social security
20,869 
40,321 
Other creditors
(1,500)
1,000 
Accruals
1,670 
1,670 
82,053 
105,687 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
9,500 
15,320 
Taxes and social security
(531)
(12,589)
8,969 
2,731 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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