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Company Registration No. 12294830 (England and Wales)
Countrose Bearings Limited Unaudited accounts for the year ended 30 November 2024
Countrose Bearings Limited Unaudited accounts Contents
Page
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Countrose Bearings Limited Company Information for the year ended 30 November 2024
Director
Barry Ernest Robinson
Company Number
12294830 (England and Wales)
Registered Office
Registered Office 39 Knoll Drive COVENTRY West Midlands CV3 5BU England
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Countrose Bearings Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
45,934 
29,574 
Current assets
Inventories
43,917 
46,523 
Debtors
61,346 
16,409 
Cash at bank and in hand
76,494 
118,803 
181,757 
181,735 
Creditors: amounts falling due within one year
(33,019)
(17,704)
Net current assets
148,738 
164,031 
Net assets
194,672 
193,605 
Capital and reserves
Called up share capital
273 
273 
Share premium
199,932 
199,932 
Profit and loss account
(5,533)
(6,600)
Shareholders' funds
194,672 
193,605 
For the year ending 30 November 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 30 August 2025 and were signed on its behalf by
Barry Ernest Robinson Director Company Registration No. 12294830
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Countrose Bearings Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Countrose Bearings Limited is a private company, limited by shares, registered in England and Wales, registration number 12294830. The registered office is Registered Office, 39 Knoll Drive, COVENTRY, West Midlands, CV3 5BU, England.
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.
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:
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2023
28,832 
742 
29,574 
Additions
10,000 
6,360 
16,360 
At 30 November 2024
38,832 
7,102 
45,934 
Depreciation
At 30 November 2024
- 
- 
- 
Net book value
At 30 November 2024
38,832 
7,102 
45,934 
At 30 November 2023
28,832 
742 
29,574 
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Countrose Bearings Limited Notes to the Accounts for the year ended 30 November 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
4,201 
2,585 
Trade debtors
51,984 
13,619 
Accrued income and prepayments
4,956 
- 
Other debtors
205 
205 
61,346 
16,409 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
29,563 
14,248 
Other creditors
3,456 
3,456 
33,019 
17,704 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
273 Ordinary shares of £1 each
273 
273 
8
Capital commitments
2024 
2023 
£ 
£ 
Amounts contracted but not provided for in the accounts
70,000 
80,000 
The Company has entered in to a financial agreement to acquire certain Intellectual Property, Tooling, Equipment etc for £100,000.
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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