Batricar Mobility Centre Limited 04682268 false 2021-04-01 2022-03-31 2022-03-31 The principal activity of the company is sale and repair of mobility invalid carriages Digita Accounts Production Advanced 6.30.9574.0 true 04682268 2021-04-01 2022-03-31 04682268 2022-03-31 04682268 core:CurrentFinancialInstruments 2022-03-31 04682268 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 04682268 core:Non-currentFinancialInstruments 2022-03-31 04682268 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 04682268 core:Goodwill 2022-03-31 04682268 core:FurnitureFittingsToolsEquipment 2022-03-31 04682268 core:LandBuildings 2022-03-31 04682268 core:MotorVehicles 2022-03-31 04682268 core:OtherPropertyPlantEquipment 2022-03-31 04682268 bus:SmallEntities 2021-04-01 2022-03-31 04682268 bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 04682268 bus:FullAccounts 2021-04-01 2022-03-31 04682268 bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 04682268 bus:RegisteredOffice 2021-04-01 2022-03-31 04682268 bus:CompanySecretaryDirector1 2021-04-01 2022-03-31 04682268 bus:Director2 2021-04-01 2022-03-31 04682268 bus:Director3 2021-04-01 2022-03-31 04682268 bus:Director4 2021-04-01 2022-03-31 04682268 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 04682268 core:Goodwill 2021-04-01 2022-03-31 04682268 core:ComputerEquipment 2021-04-01 2022-03-31 04682268 core:FurnitureFittingsToolsEquipment 2021-04-01 2022-03-31 04682268 core:LandBuildings 2021-04-01 2022-03-31 04682268 core:MotorVehicles 2021-04-01 2022-03-31 04682268 core:OtherPropertyPlantEquipment 2021-04-01 2022-03-31 04682268 core:ToolsEquipment 2021-04-01 2022-03-31 04682268 countries:AllCountries 2021-04-01 2022-03-31 04682268 2021-03-31 04682268 core:Goodwill 2021-03-31 04682268 core:FurnitureFittingsToolsEquipment 2021-03-31 04682268 core:LandBuildings 2021-03-31 04682268 core:MotorVehicles 2021-03-31 04682268 core:OtherPropertyPlantEquipment 2021-03-31 04682268 2020-04-01 2021-03-31 04682268 2021-03-31 04682268 core:CurrentFinancialInstruments 2021-03-31 04682268 core:CurrentFinancialInstruments core:WithinOneYear 2021-03-31 04682268 core:Non-currentFinancialInstruments 2021-03-31 04682268 core:Non-currentFinancialInstruments core:AfterOneYear 2021-03-31 04682268 core:Goodwill 2021-03-31 04682268 core:FurnitureFittingsToolsEquipment 2021-03-31 04682268 core:LandBuildings 2021-03-31 04682268 core:MotorVehicles 2021-03-31 04682268 core:OtherPropertyPlantEquipment 2021-03-31 iso4217:GBP xbrli:pure

Company No: 04682268

Batricar Mobility Centre Limited

Filleted Unaudited Financial Statements

Year Ended

31 March 2022

 

Batricar Mobility Centre Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

Batricar Mobility Centre Limited

Company Information

Directors

B Yarrow

S A Yarrow

M J Yarrow

M D Yarrow

Company secretary

B Yarrow

Registered office

73 Leigh Road
Wimborne
Dorset
BH21 2AA

Accountants

Brett Pittwood
Chartered Certified Accountants
Suite 8 Bourne Gate
25 Bourne Valley Road
Poole
Dorset
BH12 1DY

 

Batricar Mobility Centre Limited

(Registration number: 04682268)
Balance Sheet as at 31 March 2022

Note

2022
£

2021
£

Fixed assets

 

Intangible assets

4

8,750

17,500

Tangible assets

5

4,496

5,116

 

13,246

22,616

Current assets

 

Stocks

6

51,658

54,980

Debtors

7

9,907

11,962

Cash at bank and in hand

 

43,487

61,873

 

105,052

128,815

Creditors: Amounts falling due within one year

8

(95,430)

(121,745)

Net current assets

 

9,622

7,070

Total assets less current liabilities

 

22,868

29,686

Creditors: Amounts falling due after more than one year

8

(20,000)

(20,000)

Provisions for liabilities

(854)

(972)

Net assets

 

2,014

8,714

Capital and reserves

 

Called up share capital

6

6

Profit and loss account

2,008

8,708

Shareholders' funds

 

2,014

8,714

For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and loss account has been taken.

Approved and authorised by the Board on 25 August 2022 and signed on its behalf by:
 

B Yarrow
Company secretary and director

 

Batricar Mobility Centre Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
73 Leigh Road
Wimborne
Dorset
BH21 2AA
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company. Monetary amounts are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the funds or asset received or receivable.

Government grants in respect of capital expenditure are credited to deferred income and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Batricar Mobility Centre Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2022

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

33% straight line basis

Tools and equipment

25% reducing balance basis

Motor vehicles

25% reducing balance basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

5% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Batricar Mobility Centre Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2022

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Batricar Mobility Centre Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2022

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Financial instruments

Classification
Financial assets

Basic financial assets
Basic financial assets, which include trade debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publically traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2021 - 5).

 

Batricar Mobility Centre Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2022

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2021

175,000

175,000

At 31 March 2022

175,000

175,000

Amortisation

At 1 April 2021

157,500

157,500

Amortisation charge

8,750

8,750

At 31 March 2022

166,250

166,250

Carrying amount

At 31 March 2022

8,750

8,750

At 31 March 2021

17,500

17,500

5

Tangible assets

Land and buildings
£

Tools and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2021

11,536

13,083

3,325

4,887

32,831

Additions

-

752

-

141

893

At 31 March 2022

11,536

13,835

3,325

5,028

33,724

Depreciation

At 1 April 2021

11,536

9,020

2,272

4,887

27,715

Charge for the year

-

1,203

263

47

1,513

At 31 March 2022

11,536

10,223

2,535

4,934

29,228

Carrying amount

At 31 March 2022

-

3,612

790

94

4,496

At 31 March 2021

-

4,063

1,053

-

5,116

6

Stocks

2022
£

2021
£

Finished goods and goods for resale

51,658

54,980

 

Batricar Mobility Centre Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2022

7

Debtors

2022
£

2021
£

Trade debtors

3,980

2,374

Prepayments

5,482

5,440

Other debtors

445

4,148

9,907

11,962

8

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Loans and borrowings

9

-

35,000

Trade creditors

 

21,162

3,829

Taxation and social security

 

4,501

7,048

Accruals and deferred income

 

4,770

4,626

Other creditors

 

64,997

71,242

 

95,430

121,745

Creditors: amounts falling due after more than one year

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

9

20,000

20,000

 

Batricar Mobility Centre Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2022

9

Loans and borrowings

2022
£

2021
£

Non-current loans and borrowings

Other borrowings

20,000

20,000

2022
£

2021
£

Current loans and borrowings

Bank borrowings

-

35,000

10

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £63,201 (2021 - £78,427).