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REGISTERED NUMBER: 10162684 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2022

FOR

BOLD STREET CAR DISMANTLERS LIMITED

BOLD STREET CAR DISMANTLERS LIMITED (REGISTERED NUMBER: 10162684)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOLD STREET CAR DISMANTLERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2022







DIRECTOR: D Fitzpatrick





REGISTERED OFFICE: 6-7 Bold Street
Widnes
Cheshire
WA8 7RY





REGISTERED NUMBER: 10162684 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Chartered Accountants
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

BOLD STREET CAR DISMANTLERS LIMITED (REGISTERED NUMBER: 10162684)

BALANCE SHEET
31ST MAY 2022

31.5.22 31.5.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 194,440 137,863

CURRENT ASSETS
Debtors 5 750 750
Cash at bank and in hand 13,516 32,746
14,266 33,496
CREDITORS
Amounts falling due within one year 6 50,384 60,670
NET CURRENT LIABILITIES (36,118 ) (27,174 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

158,322

110,689

CREDITORS
Amounts falling due after more than one year 7 (31,667 ) (41,667 )

PROVISIONS FOR LIABILITIES (16,026 ) -
NET ASSETS 110,629 69,022

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 110,619 69,012
SHAREHOLDERS' FUNDS 110,629 69,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2022 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.

BOLD STREET CAR DISMANTLERS LIMITED (REGISTERED NUMBER: 10162684)

BALANCE SHEET - continued
31ST MAY 2022


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 director and authorised for issue on 7th September 2022 and were signed by:





D Fitzpatrick - Director


BOLD STREET CAR DISMANTLERS LIMITED (REGISTERED NUMBER: 10162684)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2022


1. STATUTORY INFORMATION

Bold Street Car Dismantlers 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.
Plant and machinery etc - 25% on reducing balance

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.

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 5 (2021 - 5 ) .

BOLD STREET CAR DISMANTLERS LIMITED (REGISTERED NUMBER: 10162684)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2022


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2021 215,609
Additions 117,665
Disposals (22,250 )
At 31st May 2022 311,024
DEPRECIATION
At 1st June 2021 77,746
Charge for year 50,659
Eliminated on disposal (11,821 )
At 31st May 2022 116,584
NET BOOK VALUE
At 31st May 2022 194,440
At 31st May 2021 137,863

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.22 31.5.21
£    £   
Other debtors 750 750

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.22 31.5.21
£    £   
Bank loans and overdrafts 10,000 8,333
Taxation and social security 14,988 13,789
Other creditors 25,396 38,548
50,384 60,670

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.22 31.5.21
£    £   
Bank loans 31,667 41,667

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 1,667