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REGISTERED NUMBER: 11297870 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Laddenbrook Car Sales Limited

Laddenbrook Car Sales Limited (Registered number: 11297870)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Laddenbrook Car Sales Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: D C I Powell
Mrs K L Powell





REGISTERED OFFICE: Ground Floor, The Old Barn
Lady Farm
Chelwood
Bristol
BS39 4NN





REGISTERED NUMBER: 11297870 (England and Wales)





ACCOUNTANTS: Underwood Lamb Professional Services Ltd
Ground Floor, The Old Barn
Lady Farm
Chelwood
Bristol
BS39 4NN

Laddenbrook Car Sales Limited (Registered number: 11297870)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,673 15,827

CURRENT ASSETS
Stocks 130,296 284,737
Debtors 5 26,420 103,260
Cash at bank 195,133 32,919
351,849 420,916
CREDITORS
Amounts falling due within one year 6 226,009 284,549
NET CURRENT ASSETS 125,840 136,367
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,513

152,194

CREDITORS
Amounts falling due after more than one
year

7

23,193

32,885
NET ASSETS 119,320 119,309

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 119,220 119,209
119,320 119,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Laddenbrook Car Sales Limited (Registered number: 11297870)

Balance Sheet - continued
31 March 2023


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 Board of Directors and authorised for issue on 27 October 2023 and were signed on its behalf by:




D C I Powell - Director



Mrs K L Powell - Director


Laddenbrook Car Sales Limited (Registered number: 11297870)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Laddenbrook Car Sales 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.
Fixtures and fittings - 10% on cost
Motor vehicles - 33% on cost
Computer equipment - 33% on cost

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Laddenbrook Car Sales Limited (Registered number: 11297870)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 6,384 17,177 3,014 26,575
Additions - 6,500 - 6,500
At 31 March 2023 6,384 23,677 3,014 33,075
DEPRECIATION
At 1 April 2022 2,341 6,910 1,497 10,748
Charge for year 638 4,429 587 5,654
At 31 March 2023 2,979 11,339 2,084 16,402
NET BOOK VALUE
At 31 March 2023 3,405 12,338 930 16,673
At 31 March 2022 4,043 10,267 1,517 15,827

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 23,018 62,338
Other debtors 3,402 40,922
26,420 103,260

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 610 49,220
Taxation and social security 3,777 13,855
Other creditors 211,622 211,474
226,009 284,549

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 23,193 32,885

Laddenbrook Car Sales Limited (Registered number: 11297870)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. RESERVES
Retained
earnings
£   

At 1 April 2022 119,209
Profit for the year 4,011
Dividends (4,000 )
At 31 March 2023 119,220

9. RELATED PARTY DISCLOSURES

During the year the company charged management fees of £12,000 to Dandos Motor Services Ltd, a company in which D Powell, a director of Laddenbrook Car Sales Ltd, is also a director. The charges were deemed by both parties to be at a market rate for the services provided.