REGISTERED NUMBER: 06372877 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Crucial Bmx Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S G Summerhayes

Mrs M L Summerhayes

SECRETARY:

G M Summerhayes

REGISTERED OFFICE:

Glen View

39 Headley Lane

Bristol

Avon

BS13 7QL

REGISTERED NUMBER:

06372877 (England and Wales)

ACCOUNTANTS:

Castle Accountancy Services Limited

The Former Church Rooms

Church Street

Nunney

Frome

Somerset

BA11 4LW

FIXED ASSETS

Tangible assets

4

8,238

9,688

CURRENT ASSETS

Stocks

82,000

97,000

Debtors

5

5,875

9,811

Cash at bank

197,362

128,574

285,237

235,385

CREDITORS

Amounts falling due within one year

6

119,761

98,582

NET CURRENT ASSETS

165,476

136,803

TOTAL ASSETS LESS CURRENT LIABILITIES

173,714

146,491

CREDITORS

Amounts falling due after more than one year

7

(4,590

)

(14,877

)

PROVISIONS FOR LIABILITIES

(2,059

)

(2,422

)

NET ASSETS

167,065

129,192

CAPITAL AND RESERVES

Called up share capital

8

9

9

Retained earnings

167,056

129,183

SHAREHOLDERS' FUNDS

167,065

129,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 11 September 2025 and were signed on its behalf by:

Mrs M L Summerhayes - Director

1.	STATUTORY INFORMATION

Crucial Bmx 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.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2024

83,157

15,159

98,316

Additions

1,296

-

1,296

At 31 December 2024

84,453

15,159

99,612

DEPRECIATION

At 1 January 2024

76,795

11,833

88,628

Charge for year

1,915

831

2,746

At 31 December 2024

78,710

12,664

91,374

NET BOOK VALUE

At 31 December 2024

5,743

2,495

8,238

At 31 December 2023

6,362

3,326

9,688

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Prepayments

5,875

5,875

Refund of rates

-

3,936

5,875

9,811

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other loans

9,247

8,550

Trade creditors

70,526

42,626

Tax

16,516

15,790

Social security and other taxes

2,471

4,838

VAT

20,941

26,778

Directors' loan accounts

60

-

119,761

98,582

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Government backed loan

4,590

14,877

Amounts falling due in more than five years:

Repayable by instalments

Government backed loan

4,590

14,877

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

9

Ordinary

£1

9

9

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £14,000 (2023 - £22,000) were paid to the directors .