B & D Specialist Cars Limited - Filleted accounts

Registered number

04928371

B & D Specialist Cars Limited

Filleted Accounts

31 March 2025

B & D Specialist Cars Limited
Registered number:		04928371
Balance Sheet
as at 31 March 2025


	Notes		2025			2024
£				£
Fixed assets
Tangible assets	3		30,609			16,693

Current assets
Stocks		48,054			35,573
Debtors	4	26,195			19,391
Cash at bank and in hand		25,600			43,031
		99,849			97,995
Creditors: amounts falling due within one year	5	(77,878)			(77,735)

Net current assets			21,971			20,260

Total assets less current liabilities			52,580			36,953

Creditors: amounts falling due after more than one year	6		(7,608)			-

Provisions for liabilities			(4,039)			(2,585)

Net assets			40,933			34,368

Capital and reserves
Called up share capital			450			450
Share premium			12,075			12,075
Profit and loss account			28,408			21,843

Shareholders' funds			40,933			34,368

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Shane Pepper
Director
Approved by the board on 12 November 2025

B & D Specialist Cars Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover represents amounts invoiced for the sale of goods and the provision of services, net of VAT, and is recognised when the goods are delivered or services performed.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
	Plant and machinery	20% on written down value
	Computer equipment	over 3 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.




	Accounting policies (cont'd)

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		6		6


3	Tangible fixed assets
					Plant and machinery
£
	Cost
	At 1 April 2024				132,034
	Additions				22,546
	At 31 March 2025				154,580

	Depreciation
	At 1 April 2024				115,341
	Charge for the year				8,630
	At 31 March 2025				123,971

	Net book value
	At 31 March 2025				30,609
	At 31 March 2024				16,693





4	Debtors		2025		2024
£				£

	Trade debtors		5,801		3,895
	Other debtors		20,394		15,496
			26,195		19,391


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		87		1,458
	Obligations under finance lease and hire purchase contracts		2,058		-
	Trade creditors		39,055		23,003
	Taxation and social security costs		17,019		18,756
	Other creditors		19,659		34,518
			77,878		77,735


6	Creditors: amounts falling due after one year		2025		2024
£				£

	Obligations under finance lease and hire purchase contracts		7,608		-


7	Loans		2025		2024
£				£
	Creditors include:

	Bank loans and overdrafts		87		1,458

	Bank loans and overdrafts are secured by way of a fixed and floating charge over all the assets of the company


8	Other financial commitments		2025		2024
£				£

	Total future minimum payments under non-cancellable operating leases:

	Not later than one year,		8,000		12,000
	later than one year and not later than five years		-		8,000
			8,000		20,000

	Lease payments recognised as an expense during the year		12,000		10,000






9	Other information

	B & D Specialist Cars Limited is a private company limited by shares and incorporated in England. Its registered office is:
	22-25 Range Road Industrial Estate
	Hythe
	CT21 6HG