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Registered number: 12369832

B-Spoke Automotive Limited

ACCOUNTS

FOR THE YEAR ENDED 31/12/2024

Prepared By:

NB Lancaster & Co

Chartered Accountants

6 Brunswick Street

Carlisle

Cumbria

CA1 1PN

B-Spoke Automotive Limited

ACCOUNTS

FOR THE YEAR ENDED 31/12/2024

DIRECTORS

Mr J Welden

REGISTERED OFFICE

6 Brunswick Street

Carlisle

CA1 1PN

COMPANY DETAILS

Private company limited by shares registered in EW - England and Wales, registered number 12369832

ACCOUNTANTS

NB Lancaster & Co

Chartered Accountants

6 Brunswick Street

Carlisle

Cumbria

CA1 1PN

B-Spoke Automotive Limited

ACCOUNTS
FOR THEYEARENDED31/12/2024
CONTENTS
		Page
Directors' Report		-
Accountants' Report		-
Statement Of Comprehensive Income		-
Balance Sheet		3
Notes To The Accounts		4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account		-
Profit And Loss Account Summaries		-

B-Spoke Automotive Limited

BALANCE SHEET AT 31/12/2024
						2024				2023
		Notes				£				£
FIXED ASSETS
Tangible assets		3				14,878				19,522
CURRENT ASSETS
Stock				6,800				6,800
Debtors		5		3,098				8,578
				9,898				15,378
CREDITORS: Amounts falling due within one year		6		43,975				59,355
NET CURRENT LIABILITIES						(34,077)				(43,977)
TOTAL ASSETS LESS CURRENT LIABILITIES						(19,199)				(24,455)
CREDITORS: Amounts falling due after more than one year		7				8,991				15,491
NET LIABILITIES						(28,190)				(39,946)
CAPITAL AND RESERVES
Called up share capital		9				10				10
Profit and loss account						(28,200)				(39,956)
SHAREHOLDERS' FUNDS						(28,190)				(39,946)
For the year ending 31/12/2024 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 15/09/2025 and signed on their behalf by
.............................
Mr J Welden
Director

B-Spoke Automotive Limited

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31/12/2024

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery		reducing balance 25%
Commercial Vehicles		reducing balance 25%
Equipment		reducing balance 25%

1c. Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

2. EMPLOYEES
				2024		2023
				No.		No.
Average number of employees				1		1

B-Spoke Automotive Limited

3. TANGIBLE FIXED ASSETS
		Plant and		Commercial
		Machinery		Vehicles		Equipment		Total
		£		£		£		£
Cost
At 01/01/2024		13,532		22,700		692		36,924
Additions		-		-		317		317
At 31/12/2024		13,532		22,700		1,009		37,241
Depreciation
At 01/01/2024		8,594		8,366		442		17,402
For the year		1,235		3,584		142		4,961
At 31/12/2024		9,829		11,950		584		22,363
Net Book Amounts
At 31/12/2024		3,703		10,750		425		14,878
At 31/12/2023		4,938		14,334		250		19,522

4. STOCK				2024		2023
				£		£
Stock comprises:
Work in progress				6,800		6,800
				6,800		6,800

5. DEBTORS				2024		2023
				£		£
Amounts falling due within one year
Trade debtors				3,098		3,024
VAT				-		5,554
				3,098		8,578

B-Spoke Automotive Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2024		2023
				£		£
VAT				335		-
Directors current account				26,937		33,887
Bank loans and overdrafts				7,405		2,722
Bank loan				3,600		3,600
Hire purchase				2,900		2,900
Trade creditors				2,098		14,796
Accruals				700		1,450
				43,975		59,355

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
				2024		2023
				£		£
Bank loans (unsecured) >1yr				1,500		5,100
Hire purchase >1yr				7,491		10,391
				8,991		15,491

8. SECURED CREDITORS
				2024		2023
				£		£
Amount of other creditors which are secured				10,391		13,291
Hire purchase creditors are secured on the assets to which the liability relates.

9. SHARE CAPITAL				2024		2023
				£		£
Allotted, issued and fully paid:
10 Ordinary shares of £1 each				10		10
				10		10

B-Spoke Automotive Limited

10. RELATED PARTY TRANSACTIONS

Remuneration of £9,096 was paid to the director during the year (2023 - £9,096). A loan of £26,937 (2023 - £33,887) was owed to the director at the balance sheet date. The loan is interest free, unsecured and repayable on demand.

11. ADDITIONAL INFORMATION

The company is a private company, limited by shares and registered in England & Wales.

The company's registered number is 12369832.

The company's registered office is 6 Brunswick Street, Carlisle, CA1 1PN.