REGISTERED NUMBER: 09392813 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

BSL EXPRESS SPARES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

U Khan

Mrs S Khan

REGISTERED OFFICE:

Scatterbrook Farm

Rectory Lane

Latchingdon

Chelmsford

Essex

CM3 6HB

REGISTERED NUMBER:

09392813 (England and Wales)

ACCOUNTANTS:

CBHC Limited

Suite 3, Steeple House

Church Lane

Chelmsford

Essex

CM1 1NH

FIXED ASSETS

Tangible assets

4

8,508

7,585

CURRENT ASSETS

Debtors

5

1,056,068

764,956

Cash at bank

25,276

229,931

1,081,344

994,887

CREDITORS

Amounts falling due within one year

6

71,274

74,423

NET CURRENT ASSETS

1,010,070

920,464

TOTAL ASSETS LESS CURRENT LIABILITIES

1,018,578

928,049

CREDITORS

Amounts falling due after more than one year

7

1,588

11,667

NET ASSETS

1,016,990

916,382

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,016,890

916,282

1,016,990

916,382

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

Mrs S Khan - Director

1.	STATUTORY INFORMATION

Bsl Express Spares 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.

Plant and machinery etc

-

25% on reducing balance

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

10,860

Additions

3,760

At 31 March 2025

14,620

DEPRECIATION

At 1 April 2024

3,275

Charge for year

2,837

At 31 March 2025

6,112

NET BOOK VALUE

At 31 March 2025

8,508

At 31 March 2024

7,585

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

54,578

176,566

Other debtors

1,001,490

588,390

1,056,068

764,956

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

10,648

10,000

Trade creditors

19,273

23,971

Taxation and social security

34,913

22,362

Other creditors

6,440

18,090

71,274

74,423

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

1,588

11,667

8.	RELATED PARTY DISCLOSURES

As at the balance sheet date, BSL Express Spares Ltd was owed £454,616 (2024: £580,752) from CVC Components Ltd, £500,000 (2024: Nil) from UKC Group, and £36,000 (2024: Nil) from Electropak Ltd.

BSL Express Spares Ltd owed £423 (2024: Nil) to FEL Avionics Ltd.

These balances are included in Other Debtors & Creditors.