REGISTERED NUMBER: 02762963 (England and Wales)

BULWARK BUS AND COACH ENGINEERING

LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C I Gwynne

B V Gwynne

SECRETARY:

C I Gwynne

REGISTERED OFFICE:

Unit 5

Bulwark Industrial Estate

Bulwark

Chepstow

Monmouthshire

NP16 5QZ

REGISTERED NUMBER:

02762963 (England and Wales)

ACCOUNTANTS:

Green & Co

Chartered Certified Accountants

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

74,654

61,017

74,654

61,017

CURRENT ASSETS

Stocks

13,110

10,296

Debtors

6

102,057

124,892

Cash at bank

32,784

50,849

147,951

186,037

CREDITORS

Amounts falling due within one year

7

116,899

156,642

NET CURRENT ASSETS

31,052

29,395

TOTAL ASSETS LESS CURRENT LIABILITIES

105,706

90,412

CREDITORS

Amounts falling due after more than one year

8

(19,233

)

(12,683

)

PROVISIONS FOR LIABILITIES

(18,664

)

(15,254

)

NET ASSETS

67,809

62,475

CAPITAL AND RESERVES

Called up share capital

9

100

100

Capital redemption reserve

50

50

Retained earnings

67,659

62,325

SHAREHOLDERS' FUNDS

67,809

62,475

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3rd October 2025 and were signed on its behalf by:

B V Gwynne - Director

1.	STATUTORY INFORMATION

Bulwark Bus and Coach Engineering 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1992, was amortised evenly over its estimated useful life of 7 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 11 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st July 2024

and 30th June 2025

70,000

AMORTISATION

At 1st July 2024

and 30th June 2025

70,000

NET BOOK VALUE

At 30th June 2025

-

At 30th June 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st July 2024

76,076

61,386

2,364

139,826

Additions

4,835

29,600

566

35,001

Disposals

-

(17,666

)

-

(17,666

)

At 30th June 2025

80,911

73,320

2,930

157,161

DEPRECIATION

At 1st July 2024

33,611

43,920

1,278

78,809

Charge for year

7,941

11,324

330

19,595

Eliminated on disposal

-

(15,897

)

-

(15,897

)

At 30th June 2025

41,552

39,347

1,608

82,507

NET BOOK VALUE

At 30th June 2025

39,359

33,973

1,322

74,654

At 30th June 2024

42,465

17,466

1,086

61,017

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st July 2024

33,970

43,220

77,190

Additions

-

29,600

29,600

Transfer to ownership

(33,970

)

(24,054

)

(58,024

)

At 30th June 2025

-

48,766

48,766

DEPRECIATION

At 1st July 2024

16,985

27,523

44,508

Charge for year

-

9,421

9,421

Transfer to ownership

(16,985

)

(16,443

)

(33,428

)

At 30th June 2025

-

20,501

20,501

NET BOOK VALUE

At 30th June 2025

-

28,265

28,265

At 30th June 2024

16,985

15,697

32,682

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

55,807

80,097

Prepayments

46,250

44,795

102,057

124,892

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

9,169

10,000

Hire purchase contracts

9,634

15,692

Trade creditors

24,951

63,705

Corporation Tax

37,286

33,979

Social security and other taxes

2,165

1,398

VAT

20,178

20,159

Other creditors

-

556

Directors' current accounts

9,670

7,998

Accrued expenses

3,846

3,155

116,899

156,642

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans - 1-2 years

-

9,167

Hire purchase contracts

19,233

3,516

19,233

12,683

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

26

Ordinary A

£1

26

26

40

Ordinary B

£1

40

40

10

Ordinary C

£1

10

10

12

Ordinary D

£1

12

12

12

Ordinary E

£1

12

12

100

100

10.	RELATED PARTY DISCLOSURES

The company had the following outstanding directors loans at the year end:

- B V Gwynne was owed £819 (2024:£412).

- C I Gwynne was owed £8,851 (2024:£7,586).