REGISTERED NUMBER: 03107720 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BCW REPAIR CENTRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Taylor

REGISTERED OFFICE:

Units 1 and 2

Buckingham Court

Buckingham Road

Brackley

Northamptonshire

NN13 7EU

REGISTERED NUMBER:

03107720 (England and Wales)

ACCOUNTANTS:

Ad Valorem Accountancy Services Limited

Chartered Certified Accountants

2 Manor Farm Court

Old Wolverton Road

Old Wolverton

Buckinghamshire

MK12 5NN

FIXED ASSETS

Tangible assets

4

767,299

783,656

CURRENT ASSETS

Stocks

125,056

129,920

Debtors

5

436,753

542,449

Cash at bank and in hand

613,253

307,774

1,175,062

980,143

CREDITORS

Amounts falling due within one year

6

360,139

330,446

NET CURRENT ASSETS

814,923

649,697

TOTAL ASSETS LESS CURRENT LIABILITIES

1,582,222

1,433,353

CREDITORS

Amounts falling due after more than one year

7

(29,248

)

(80,253

)

PROVISIONS FOR LIABILITIES

(17,248

)

(10,653

)

NET ASSETS

1,535,726

1,342,447

CAPITAL AND RESERVES

Called up share capital

9

65

65

Capital redemption reserve

35

35

Retained earnings

1,535,626

1,342,347

SHAREHOLDERS' FUNDS

1,535,726

1,342,447

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 8 May 2025 and were signed by:

R Taylor - Director

1.	STATUTORY INFORMATION

BCW Repair Centre 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

-

18% or 20% straight line

Plant and machinery

-

10% on cost

Fixtures and fittings

-

at varying rates on cost

Motor vehicles

-

25% 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.

FINANCIAL INSTRUMENTS

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 18 (2023 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

894,498

167,545

13,186

102,241

1,177,470

Additions

-

17,151

3,275

-

20,426

Disposals

-

-

-

(4,783

)

(4,783

)

At 31 December 2024

894,498

184,696

16,461

97,458

1,193,113

DEPRECIATION

At 1 January 2024

178,302

136,499

4,663

74,350

393,814

Charge for year

17,890

10,059

1,397

7,437

36,783

Eliminated on disposal

-

-

-

(4,783

)

(4,783

)

At 31 December 2024

196,192

146,558

6,060

77,004

425,814

NET BOOK VALUE

At 31 December 2024

698,306

38,138

10,401

20,454

767,299

At 31 December 2023

716,196

31,046

8,523

27,891

783,656

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

388,457

299,637

Other debtors

48,296

240,904

436,753

540,541

Amounts falling due after more than one year:

Other debtors

-

1,908

Aggregate amounts

436,753

542,449

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

49,453

53,270

Trade creditors

104,627

135,949

Taxation and social security

187,340

141,227

Other creditors

18,719

-

360,139

330,446

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

29,248

80,253

8.	SECURED DEBTS

The bank loans are secured by standard debenture.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

65

Ordinary

£1

65

65

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

R Taylor

Balance outstanding at start of year

23,914

-

Amounts advanced

-

23,914

Amounts repaid

(25,782

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,868

)

23,914