Company Registration No. 14345674 (England and Wales)
Bearings South West Engineering Services Limited
Unaudited accounts
for the year ended 31 March 2025
Bearings South West Engineering Services Limited
Unaudited accounts
Contents
Bearings South West Engineering Services Limited
Company Information
for the year ended 31 March 2025
Company Number
14345674 (England and Wales)
Registered Office
LLOYDS BANK CHAMBERS
HIGH STREET
CREDITON
DEVON
EX17 3AH
UNITED KINGDOM
Accountants
H W Martin & Co LLP
Lloyds Bank Chambers
High Street
Crediton
Devon
EX17 3AH
Bearings South West Engineering Services Limited
Statement of financial position
as at 31 March 2025
Tangible assets
11,745
13,050
Cash at bank and in hand
157,991
171,337
Creditors: amounts falling due within one year
(120,756)
(222,035)
Net current assets
135,249
160,965
Net assets
146,994
174,015
Called up share capital
100
100
Profit and loss account
146,894
173,915
Shareholders' funds
146,994
174,015
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 December 2025 and were signed on its behalf by
Mr D R Green
Director
Company Registration No. 14345674
Bearings South West Engineering Services Limited
Notes to the Accounts
for the year ended 31 March 2025
Bearings South West Engineering Services Limited is a private company, limited by shares, registered in England and Wales, registration number 14345674. The registered office is LLOYDS BANK CHAMBERS, HIGH STREET, CREDITON, DEVON, EX17 3AH, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% reducing balance basis
4
Tangible fixed assets
Motor vehicles
Amounts falling due within one year
Trade debtors
98,014
211,063
Accrued income and prepayments
-
600
Bearings South West Engineering Services Limited
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
76,467
140,894
Taxes and social security
34,770
50,486
Other creditors
2,940
2,940
Loans from directors
220
220
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).