Registered number
06609159
BRISTOL GARAGE DOORS LIMITED
Filleted Accounts
30 June 2023
BRISTOL GARAGE DOORS LIMITED
Registered number: 06609159
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 11,508 5,712
Current assets
Debtors 4 6,662 8,310
Cash at bank and in hand 40,977 64,653
47,639 72,963
Creditors: amounts falling due within one year 5 (44,637) (41,240)
Net current assets 3,002 31,723
Net assets 14,510 37,435
Capital and reserves
Called up share capital 1 1
Profit and loss account 14,509 37,434
Shareholder's funds 14,510 37,435
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
David Saunders
Director
Approved by the board on 13 October 2023
BRISTOL GARAGE DOORS LIMITED
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2022 24,675 11,300 35,975
Additions 3,756 6,800 10,556
At 30 June 2023 28,431 18,100 46,531
Depreciation
At 1 July 2022 22,403 7,860 30,263
Charge for the year 1,680 3,080 4,760
At 30 June 2023 24,083 10,940 35,023
Net book value
At 30 June 2023 4,348 7,160 11,508
At 30 June 2022 2,272 3,440 5,712
4 Debtors 2023 2022
£ £
Trade debtors 6,662 8,310
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 38,781 32,651
Taxation and social security costs 4,477 7,135
Other creditors 1,379 1,454
44,637 41,240
6 Related party transactions
The sole director & shareholder operates an active loan account with the company, within which all dividends are declared and drawn upon as required.
Included within other creditors is a balance of £728 (2022 £158), owed by the Company to a Director. No interest is charged on this balance and is repayable on demand.
7 Controlling party
The Company is wholly under the control of its sole Director and Shareholder.
8 Other information
BRISTOL GARAGE DOORS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
19 Caldicot Close
Willsbridge
Bristol
BS30 6UU
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