REGISTERED NUMBER: 10651978 (England and Wales)

BWA (Europe) Limited

Unaudited Financial Statements

for the Year Ended 31st March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

Mr A P Gaunt

Mr S R T King

Mr W R Edson

Ms M W Nawrot

Registered office:

4th Floor

100 Fenchurch Street

London

EC3M 5JD

Registered number:

10651978 (England and Wales)

Accountants:

Wilson Stevens

Accountants

4th Floor

100 Fenchurch Street

London

EC3M 5JD

Fixed assets

Intangible assets

4

503,364

503,364

Tangible assets

5

15,590

15,180

518,954

518,544

Current assets

Stocks

105,375

105,778

Debtors

6

200,041

244,544

Cash in hand

25

66

305,441

350,388

Creditors

Amounts falling due within one year

7

528,114

573,128

Net current liabilities

(222,673

)

(222,740

)

Total assets less current liabilities

296,281

295,804

Creditors

Amounts falling due after more than one year

8

46,667

86,667

Net assets

249,614

209,137

Capital and reserves

Called up share capital

100

100

Retained earnings

249,514

209,037

249,614

209,137

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 24th December 2025 and were signed on its behalf by:

Mr S R T King - Director

1.	Statutory information

BWA (Europe) 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 represents the total value of sales made during the year, excluding Value Added Tax.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of fifteen 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 the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

30% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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.

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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

3.	Employees and directors

The average number of employees during the year was 10 (2024 - 10 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1st April 2024

and 31st March 2025

838,933

Amortisation

At 1st April 2024

and 31st March 2025

335,569

Net book value

At 31st March 2025

503,364

At 31st March 2024

503,364

5.	Tangible fixed assets

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

Cost

At 1st April 2024

34,891

2,662

37,553

Additions

3,179

-

3,179

At 31st March 2025

38,070

2,662

40,732

Depreciation

At 1st April 2024

19,930

2,443

22,373

Charge for year

2,721

48

2,769

At 31st March 2025

22,651

2,491

25,142

Net book value

At 31st March 2025

15,419

171

15,590

At 31st March 2024

14,961

219

15,180

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

89,872

132,144

Amounts owed by group undertakings

12,917

34,837

Other debtors

97,252

77,563

200,041

244,544

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

167,198

103,281

Trade creditors

122,389

157,447

Taxation and social security

42,135

60,452

Other creditors

196,392

251,948

528,114

573,128

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

46,667

86,667

9.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

3,626

43,510

Between one and five years

-

3,626

3,626

47,136