B.R.M. Coachworks Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01424958 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

B.R.M. Coachworks Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N Ball

SECRETARY:

Mrs J D Atkins

REGISTERED OFFICE:

32 Waterloo Road

Epsom

Surrey

KT19 8EX

REGISTERED NUMBER:

01424958 (England and Wales)

ACCOUNTANTS:

Lawrence Chartered Accountants

Castle House

Park Road

Banstead

Surrey

SM7 3BT

FIXED ASSETS

Tangible assets

4

50,942

47,294

CURRENT ASSETS

Stocks

40,078

29,688

Debtors

5

213,916

204,668

Cash at bank and in hand

379,075

387,154

633,069

621,510

CREDITORS

Amounts falling due within one year

6

227,637

200,604

NET CURRENT ASSETS

405,432

420,906

TOTAL ASSETS LESS CURRENT
LIABILITIES

456,374

468,200

PROVISIONS FOR LIABILITIES

8,057

7,251

NET ASSETS

448,317

460,949

CAPITAL AND RESERVES

Called up share capital

1,000

Share premium

290

Retained earnings

447,027

459,659

448,317

460,949

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 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 16 September 2025 and were signed by:

N Ball - Director

1.	STATUTORY INFORMATION

B.R.M. Coachworks 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.	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.

Freehold property

-

1% on cost

Plant and machinery

-

33% on cost, 15% on reducing balance and 10% on 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

machinery

£

COST

At 1 January 2024

35,285

21,082

106,634

Additions

-

8,764

At 31 December 2024

35,285

21,082

115,398

DEPRECIATION

At 1 January 2024

13,308

8,433

95,254

Charge for year

353

2,108

2,462

At 31 December 2024

13,661

10,541

97,716

NET BOOK VALUE

At 31 December 2024

21,624

10,541

17,682

At 31 December 2023

21,977

12,649

11,380

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 January 2024

1,500

24,889

189,390

Additions

-

8,764

At 31 December 2024

1,500

24,889

198,154

DEPRECIATION

At 1 January 2024

1,500

23,601

142,096

Charge for year

-

193

5,116

At 31 December 2024

1,500

23,794

147,212

NET BOOK VALUE

At 31 December 2024

-

1,095

50,942

At 31 December 2023

-

1,288

47,294

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

151,978

188,097

Other debtors

61,938

16,571

213,916

204,668

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

12,994

3,820

Trade creditors

68,302

59,258

Taxation and social security

78,687

74,635

Other creditors

67,654

62,891

227,637

200,604

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

Bank overdraft

12,994

-

The bank have a debenture on the assets of the company