IRIS Accounts Production v22.1.0.628 03183761 Board of Directors 1.1.21 31.12.21 31.12.21 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure031837612020-12-31031837612021-12-31031837612021-01-012021-12-31031837612020-06-30031837612020-07-012020-12-31031837612020-12-3103183761ns16:EnglandWales2021-01-012021-12-3103183761ns15:PoundSterling2021-01-012021-12-3103183761ns11:Director12021-01-012021-12-3103183761ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3103183761ns11:SmallEntities2021-01-012021-12-3103183761ns11:AuditExempt-NoAccountantsReport2021-01-012021-12-3103183761ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-3103183761ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-3103183761ns11:FullAccounts2021-01-012021-12-310318376112021-01-012021-12-3103183761ns11:Director22021-01-012021-12-3103183761ns11:Director32021-01-012021-12-3103183761ns11:RegisteredOffice2021-01-012021-12-3103183761ns6:CurrentFinancialInstruments2021-12-3103183761ns6:CurrentFinancialInstruments2020-12-3103183761ns6:ShareCapital2021-12-3103183761ns6:ShareCapital2020-12-3103183761ns6:CapitalRedemptionReserve2021-12-3103183761ns6:CapitalRedemptionReserve2020-12-3103183761ns6:RetainedEarningsAccumulatedLosses2021-12-3103183761ns6:RetainedEarningsAccumulatedLosses2020-12-3103183761ns6:NetGoodwill2021-01-012021-12-3103183761ns6:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3103183761ns6:PlantMachinery2021-01-012021-12-3103183761ns6:FurnitureFittings2021-01-012021-12-3103183761ns6:MotorVehicles2021-01-012021-12-3103183761ns6:ComputerEquipment2021-01-012021-12-3103183761ns6:NetGoodwill2020-12-3103183761ns6:NetGoodwill2021-12-3103183761ns6:NetGoodwill2020-12-3103183761ns6:LandBuildings2020-12-3103183761ns6:PlantMachinery2020-12-3103183761ns6:LandBuildings2021-01-012021-12-3103183761ns6:LandBuildings2021-12-3103183761ns6:PlantMachinery2021-12-3103183761ns6:LandBuildings2020-12-3103183761ns6:PlantMachinery2020-12-3103183761ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-3103183761ns6:WithinOneYearns6:CurrentFinancialInstruments2020-12-3103183761ns6:Secured2021-12-3103183761ns6:Secured2020-12-31
REGISTERED NUMBER: 03183761 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

BROOKLANDS AUTOMOTIVE LTD

BROOKLANDS AUTOMOTIVE LTD (REGISTERED NUMBER: 03183761)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BROOKLANDS AUTOMOTIVE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: J Halestrap
Mrs K Halestrap
J J Halestrap





REGISTERED OFFICE: 21-23 Croydon Road
Caterham
Surrey
CR3 6PA





REGISTERED NUMBER: 03183761 (England and Wales)





ACCOUNTANTS: Upton Neenan Lees
Chartered Accountants
21-23 Croydon Road
Caterham
Surrey
CR3 6PA

BROOKLANDS AUTOMOTIVE LTD (REGISTERED NUMBER: 03183761)

BALANCE SHEET
31 DECEMBER 2021

31.12.21 31.12.20
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 7,788
Tangible assets 5 585,855 266,301
585,855 274,089

CURRENT ASSETS
Stocks 6 1,945,714 1,338,477
Debtors 7 286,719 161,776
Cash at bank 91,938 1,028,776
2,324,371 2,529,029
CREDITORS
Amounts falling due within one year 8 (765,212 ) (1,222,328 )
NET CURRENT ASSETS 1,559,159 1,306,701
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,145,014

1,580,790

PROVISIONS FOR LIABILITIES (124,253 ) -
NET ASSETS 2,020,761 1,580,790

CAPITAL AND RESERVES
Called up share capital 56 56
Capital redemption reserve (167,278 ) (167,278 )
Retained earnings 2,187,983 1,748,012
SHAREHOLDERS' FUNDS 2,020,761 1,580,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

BROOKLANDS AUTOMOTIVE LTD (REGISTERED NUMBER: 03183761)

BALANCE SHEET - continued
31 DECEMBER 2021


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2022 and were signed on its behalf by:





J Halestrap - Director


BROOKLANDS AUTOMOTIVE LTD (REGISTERED NUMBER: 03183761)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

Brooklands Automotive Ltd 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.

Goodwill
Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its separable net assets. It is being written off in equal annual instalments over its estimated economic life.

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 each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% 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 Income Statement, 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.


BROOKLANDS AUTOMOTIVE LTD (REGISTERED NUMBER: 03183761)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2020 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2021
and 31 December 2021 200,000
AMORTISATION
At 1 January 2021 192,212
Amortisation for year 7,788
At 31 December 2021 200,000
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 7,788

BROOKLANDS AUTOMOTIVE LTD (REGISTERED NUMBER: 03183761)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2021 99,951 336,457 436,408
Additions 14,702 372,661 387,363
Disposals - (4,740 ) (4,740 )
At 31 December 2021 114,653 704,378 819,031
DEPRECIATION
At 1 January 2021 39,888 130,219 170,107
Charge for year 5,627 61,928 67,555
Eliminated on disposal - (4,486 ) (4,486 )
At 31 December 2021 45,515 187,661 233,176
NET BOOK VALUE
At 31 December 2021 69,138 516,717 585,855
At 31 December 2020 60,063 206,238 266,301

6. STOCKS
31.12.21 31.12.20
£    £   
Raw materials 116,464 125,848
Goods for resale 1,829,250 1,212,629
1,945,714 1,338,477

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 137,504 56,666
Other debtors 149,215 105,110
286,719 161,776

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 402,778 638,889
Trade creditors 124,958 234,058
Taxation and social security 131,452 264,147
Other creditors 106,024 85,234
765,212 1,222,328

BROOKLANDS AUTOMOTIVE LTD (REGISTERED NUMBER: 03183761)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.21 31.12.20
£    £   
Bank overdrafts 402,778 638,889