IRIS Accounts Production v22.2.0.402 01245266 Board of Directors 1.3.21 28.2.22 28.2.22 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure012452662021-02-28012452662022-02-28012452662021-03-012022-02-28012452662020-02-29012452662020-03-012021-02-28012452662021-02-2801245266ns16:EnglandWales2021-03-012022-02-2801245266ns15:PoundSterling2021-03-012022-02-2801245266ns11:Director12021-03-012022-02-2801245266ns11:PrivateLimitedCompanyLtd2021-03-012022-02-2801245266ns11:SmallEntities2021-03-012022-02-2801245266ns11:AuditExempt-NoAccountantsReport2021-03-012022-02-2801245266ns11:SmallCompaniesRegimeForDirectorsReport2021-03-012022-02-2801245266ns11:SmallCompaniesRegimeForAccounts2021-03-012022-02-2801245266ns11:FullAccounts2021-03-012022-02-280124526612021-03-012022-02-2801245266ns11:OrdinaryShareClass12021-03-012022-02-2801245266ns11:Director22021-03-012022-02-2801245266ns11:Director32021-03-012022-02-2801245266ns11:CompanySecretary12021-03-012022-02-2801245266ns11:RegisteredOffice2021-03-012022-02-2801245266ns6:CurrentFinancialInstruments2022-02-2801245266ns6:CurrentFinancialInstruments2021-02-2801245266ns6:ShareCapital2022-02-2801245266ns6:ShareCapital2021-02-2801245266ns6:RetainedEarningsAccumulatedLosses2022-02-2801245266ns6:RetainedEarningsAccumulatedLosses2021-02-2801245266ns6:IntangibleAssetsOtherThanGoodwill2021-03-012022-02-2801245266ns6:LeaseholdImprovements2021-03-012022-02-2801245266ns6:PlantMachinery2021-03-012022-02-2801245266ns6:FurnitureFittings2021-03-012022-02-2801245266ns6:ComputerEquipment2021-03-012022-02-2801245266ns6:NetGoodwill2021-02-2801245266ns6:NetGoodwill2022-02-2801245266ns6:NetGoodwill2021-02-2801245266ns6:LeaseholdImprovements2021-02-2801245266ns6:PlantMachinery2021-02-2801245266ns6:FurnitureFittings2021-02-2801245266ns6:ComputerEquipment2021-02-2801245266ns6:LeaseholdImprovements2022-02-2801245266ns6:PlantMachinery2022-02-2801245266ns6:FurnitureFittings2022-02-2801245266ns6:ComputerEquipment2022-02-2801245266ns6:LeaseholdImprovements2021-02-2801245266ns6:PlantMachinery2021-02-2801245266ns6:FurnitureFittings2021-02-2801245266ns6:ComputerEquipment2021-02-2801245266ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-2801245266ns6:WithinOneYearns6:CurrentFinancialInstruments2021-02-2801245266ns6:DeferredTaxation2021-02-2801245266ns6:DeferredTaxation2021-03-012022-02-2801245266ns6:DeferredTaxation2022-02-2801245266ns11:OrdinaryShareClass12022-02-28













Unaudited Financial Statements

for the Year Ended 28 February 2022

for

Carl Rosner Automobiles Limited

Carl Rosner Automobiles Limited (Registered number: 01245266)

Contents of the Financial Statements
for the Year Ended 28 February 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Carl Rosner Automobiles Limited

Company Information
for the Year Ended 28 February 2022







DIRECTORS: J A Church
C A Rosner
R C J Rosner





SECRETARY: Mrs A Rosner





REGISTERED OFFICE: Station Garage
Station Approach
Sanderstead
Surrey
CR2 0PL





REGISTERED NUMBER: 01245266 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Carl Rosner Automobiles Limited (Registered number: 01245266)

Balance Sheet
28 February 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 63,002 80,057
63,002 80,057

CURRENT ASSETS
Stocks 6 979,687 954,925
Debtors 7 41,816 36,839
Cash at bank and in hand 1,032,242 778,697
2,053,745 1,770,461
CREDITORS
Amounts falling due within one year 8 701,579 639,922
NET CURRENT ASSETS 1,352,166 1,130,539
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,415,168

1,210,596

PROVISIONS FOR LIABILITIES 9 11,971 15,211
NET ASSETS 1,403,197 1,195,385

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 1,402,197 1,194,385
SHAREHOLDERS' FUNDS 1,403,197 1,195,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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.

Carl Rosner Automobiles Limited (Registered number: 01245266)

Balance Sheet - continued
28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2022 and were signed on its behalf by:





C A Rosner - Director


Carl Rosner Automobiles Limited (Registered number: 01245266)

Notes to the Financial Statements
for the Year Ended 28 February 2022


1. STATUTORY INFORMATION

Carl Rosner Automobiles 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.

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.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - Straight line over 3 years

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 Statement of Income and Retained Earnings, 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.

Carl Rosner Automobiles Limited (Registered number: 01245266)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022


2. ACCOUNTING POLICIES - continued

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 14 (2021 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2021
and 28 February 2022 5,000
AMORTISATION
At 1 March 2021
and 28 February 2022 5,000
NET BOOK VALUE
At 28 February 2022 -
At 28 February 2021 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 March 2021
and 28 February 2022 29,281 179,460 135,078 5,719 349,538
DEPRECIATION
At 1 March 2021 17,722 162,007 85,467 4,285 269,481
Charge for year 2,928 3,491 9,922 714 17,055
At 28 February 2022 20,650 165,498 95,389 4,999 286,536
NET BOOK VALUE
At 28 February 2022 8,631 13,962 39,689 720 63,002
At 28 February 2021 11,559 17,453 49,611 1,434 80,057

6. STOCKS
2022 2021
£    £   
Stocks 979,687 954,925

Carl Rosner Automobiles Limited (Registered number: 01245266)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 7,879 7,636
Amounts owed by group undertakings 6,285 5,876
Other debtors 2,618 17,096
VAT 15,154 180
Prepayments 9,880 6,051
41,816 36,839

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 536,646 423,333
Tax 73,092 68,419
Social security and other taxes 11,063 9,450
Other creditors 73,441 129,403
Pension fund 723 679
Directors' current accounts 731 376
Accrued expenses 5,883 8,262
701,579 639,922

9. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 11,971 15,211

Deferred
tax
£   
Balance at 1 March 2021 15,211
Provided during year (3,240 )
Balance at 28 February 2022 11,971

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. RELATED PARTY DISCLOSURES

During the year rent of £48,720 (2021: £46,560) was paid to Carl Rosner Holdings Limited, the ultimate parent company.

12. ULTIMATE CONTROLLING PARTY

The company is under the control of Carl Rosner Holdings Limited. There is no overall control of the holding company.