REGISTERED NUMBER: 05594718 (England and Wales)

East Coast Bearings Limited

Unaudited Financial Statements for the Year Ended 31st October 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D P Castle

SECRETARY:

D P Castle

REGISTERED OFFICE:

Unit 18-20

Southfield Industrial Estate

Flixton

Scarborough

North Yorkshire

YO11 3UD

REGISTERED NUMBER:

05594718 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Tangible assets

4

719,553

742,272

CURRENT ASSETS

Stocks

609,779

685,687

Debtors

5

202,922

114,589

Cash at bank and in hand

88,621

67,899

901,322

868,175

CREDITORS

Amounts falling due within one year

6

336,740

234,391

NET CURRENT ASSETS

564,582

633,784

TOTAL ASSETS LESS CURRENT LIABILITIES

1,284,135

1,376,056

CREDITORS

Amounts falling due after more than one year

7

(520,409

)

(557,637

)

PROVISIONS FOR LIABILITIES

(9,107

)

(16,372

)

NET ASSETS

754,619

802,047

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

754,618

802,046

SHAREHOLDERS' FUNDS

754,619

802,047

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 1st July 2026 and were signed by:

D P Castle - Director

1.	STATUTORY INFORMATION

East Coast Bearings 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold Property 4% on cost

Improvements to property 33% on cost

Plant and machinery 20% on cost

Fixtures and fittings 20% on cost

Motor vehicles 33% on cost

Stocks

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

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1st November 2024

656,501

45,864

31,624

Additions

-

-

-

At 31st October 2025

656,501

45,864

31,624

DEPRECIATION

At 1st November 2024

2,989

45,864

26,894

Charge for year

4,484

-

2,046

At 31st October 2025

7,473

45,864

28,940

NET BOOK VALUE

At 31st October 2025

649,028

-

2,684

At 31st October 2024

653,512

-

4,730

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1st November 2024

63,897

62,270

860,156

Additions

8,771

-

8,771

At 31st October 2025

72,668

62,270

868,927

DEPRECIATION

At 1st November 2024

15,638

26,499

117,884

Charge for year

13,130

11,830

31,490

At 31st October 2025

28,768

38,329

149,374

NET BOOK VALUE

At 31st October 2025

43,900

23,941

719,553

At 31st October 2024

48,259

35,771

742,272

Included in cost of land and buildings is freehold land of £ 544,400 (2024 - £ 544,400 ) which is not depreciated.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

192,052

102,684

Other debtors

10,870

11,905

202,922

114,589

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

64,659

57,247

Hire purchase contracts

9,004

8,281

Trade creditors

193,531

121,106

Taxation and social security

17,239

9,844

Other creditors

52,307

37,913

336,740

234,391

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

418,063

446,287

Hire purchase contracts

22,346

31,350

Other creditors

80,000

80,000

520,409

557,637

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

481,982

503,459

The director has given personal guarantees to the bank for the outstanding loans as well as the security over the Company's property at Malton.

9.	RELATED PARTY DISCLOSURES

The company owed £121,523 (2024 £108,176) to its sole director and shareholder as at the balance sheet date. This is made up of £41,523 (2024 £28,176) due within one year and the remaining £80,000 (2024 £80,000) due after more than one year.