Registration number: 02194670

Big Bolt Engineering Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 9

Big Bolt Engineering Limited

Company Information

Directors

J I Robinson R M Robinson W Robinson P J Macintosh

Registered office

Collow Abbey Farm East Torrington Market Rasen Lincolnshire LN8 5SE

Big Bolt Engineering Limited

(Registration number: 02194670)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	306,795	343,871
Other financial assets	5	37,500	-
		344,295	343,871
Current assets
Stocks	6	507,640	658,271
Debtors	7	265,349	158,701
Cash at bank and in hand		3,688	-
		776,677	816,972
Creditors: Amounts falling due within one year	8	(269,497)	(355,758)
Net current assets		507,180	461,214
Total assets less current liabilities		851,475	805,085
Creditors: Amounts falling due after more than one year	8	(106,817)	(107,491)
Provisions for liabilities		(75,099)	(84,324)
Net assets		669,559	613,270
Capital and reserves
Called up share capital	9	2	2
Capital redemption reserve		100	100
Profit and loss account		669,457	613,168
Shareholders' funds		669,559	613,270

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 December 2025 and signed on its behalf by:
 

......................................... W Robinson Director

Big Bolt Engineering Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 02194670.

The address of its registered office is:
Collow Abbey Farm
East Torrington
Market Rasen
Lincolnshire
LN8 5SE

These financial statements were authorised for issue by the Board on 29 December 2025.

These financial statements cover the individual entity, Big Bolt Engineering Limited.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Government grants

Government grant income relating to the Coronavirus Job Retention Scheme is included as income in the accounting period to which to which it relates.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Big Bolt Engineering Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial
statements of current and previous periods. It is recognised in respect of all timing differences, with certain
exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the
balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued
non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	2% Straight line basis
Office equipment	25% Straight line basis
Plant and machinery	15% Reducing balance basis
Motor vehicles	25% Reducing balance basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Big Bolt Engineering Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 7 (2024 - 8).

Big Bolt Engineering Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	16,959	377,707	168,829	563,495
Additions	-	9,378	34,495	43,873
Disposals	-	-	(23,000)	(23,000)
At 31 March 2025	16,959	387,085	180,324	584,368
Depreciation
At 1 April 2024	3,534	152,546	63,544	219,624
Charge for the year	337	37,287	23,397	61,021
Eliminated on disposal	-	-	(3,072)	(3,072)
At 31 March 2025	3,871	189,833	83,869	277,573
Carrying amount
At 31 March 2025	13,088	197,252	96,455	306,795
At 31 March 2024	13,425	225,161	105,285	343,871

Big Bolt Engineering Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

5	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
Additions	37,500	37,500
At 31 March 2025	37,500	37,500
Impairment
Carrying amount
At 31 March 2025	37,500	37,500

6

Stocks

	2025 £	2024 £
Other inventories	507,640	658,271

7

Debtors

Current	2025 £	2024 £
Trade debtors	181,816	128,900
Prepayments	83,363	29,801
Other debtors	170	-
	265,349	158,701

Big Bolt Engineering Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	10	18,600	91,465
Trade creditors		50,876	116,040
Taxation and social security		93,813	52,871
Other creditors		102,853	92,387
Accruals and deferred income		3,355	2,995
		269,497	355,758
Due after one year
Bank loans	10	1,550	20,150
Other creditors		105,267	87,341
		106,817	107,491

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £0.01 each	100	1	100	1
Ordinary B of £0.01 each	100	1	100	1
	200	2	200	2

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	1,550	20,150
Hire purchase contracts	105,267	87,341
	106,817	107,491

Big Bolt Engineering Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	18,600	18,600
Bank overdrafts	-	72,865
Finance lease liabilities	61,147	45,599
Other borrowings	39,905	46,310
	119,652	183,374

11	Related party transactions

Income and receivables from related parties

2025	Other related parties £
Amounts receivable from related party	38,533