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Registered Number: 09643485
England and Wales

 

 

 

BREE AUTOMOTIVE LTD


Abridged Accounts
 


Period of accounts

Start date: 01 July 2021

End date: 30 June 2022
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts Bree Automotive Ltd for the year ended 30 June 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bree Automotive Ltd for the year ended 30 June 2022 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the Board of Directors of Bree Automotive Ltd , as a body, in accordance with the terms of our engagement letter dated 31 Aug 2018. Our work has been undertaken solely to prepare for your approval the accounts of Bree Automotive Ltd and state those matters that we have agreed to state to the Board of Directors of Bree Automotive Ltd, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bree Automotive Ltd and its Board of Directors as a body for our work or for this report
It is your duty to ensure that Bree Automotive Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit Bree Automotive Ltd. You consider that Bree Automotive Ltd is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of Bree Automotive Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................
Doyles
51 Station Road
Marston Green
Birmingham
West Midlands
B37 7AB
12 September 2022
1
 
 
Notes
 
2022
£
  2021
£
Current assets      
Debtors: amounts falling due within one year 660    1,271 
Cash at bank and in hand 2,299    94 
2,959    1,365 
Creditors: amount falling due within one year (1,930)   (367)
Net current assets 1,029    998 
 
Total assets less current liabilities 1,029    998 
Net assets 1,029    998 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 929    898 
Shareholder's funds 1,029    998 
 


For the year ended 30 June 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 12 September 2022 and were signed by:


--------------------------------
Andrew Bree
Director
2
General Information
Bree Automotive Ltd is a private company, limited by shares, registered in England and Wales, registration number 09643485, registration address 39 Nineacres Drive, Chelmsley Wood, Birmingham, West Midlands, B37 5DB

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 1 (2021 : 1).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 July 2021 1,199    1,199 
Additions  
Disposals  
At 30 June 2022 1,199    1,199 
Depreciation
At 01 July 2021 1,199    1,199 
Charge for year  
On disposals  
At 30 June 2022 1,199    1,199 
Net book values
Closing balance as at 30 June 2022  
Opening balance as at 01 July 2021  


4.

Share Capital

Allotted, called up and fully paid
2022
£
  2021
£
100 Class A shares of £1.00 each 100    100 
100    100 

5.

Ultimate controlling party

The ultimate controlling party is the director, by virtue of his 100% shareholding of the company's issued share capital.
3