1 March 2022 false No description of principal activity Taxfiler 2023.10.1 10010061business:PrivateLimitedCompanyLtd2022-03-012023-02-28 100100612022-02-28 100100612022-03-012023-02-28 10010061business:AuditExempt-NoAccountantsReport2022-03-012023-02-28 10010061business:FilletedAccounts2022-03-012023-02-28 100100612023-02-28 10010061business:Director12022-03-012023-02-28 10010061business:RegisteredOffice2022-03-012023-02-28 100100612022-02-28 10010061core:WithinOneYear2023-02-28 10010061core:WithinOneYear2022-02-28 10010061core:AfterOneYear2023-02-28 10010061core:AfterOneYear2022-02-28 10010061core:SharePremiumcore:PreviouslyStatedAmount2023-02-28 10010061core:SharePremiumcore:PreviouslyStatedAmount2022-02-28 10010061core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 10010061core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 10010061core:PreviouslyStatedAmount2023-02-28 10010061core:PreviouslyStatedAmount2022-02-28 10010061business:SmallEntities2022-03-012023-02-28 10010061countries:EnglandWales2022-03-012023-02-28 10010061core:ComputerEquipment2022-03-012023-02-28 10010061core:PlantMachinery2022-02-28 10010061core:ComputerEquipment2022-02-28 10010061core:PlantMachinery2022-03-012023-02-28 10010061core:PlantMachinery2023-02-28 10010061core:ComputerEquipment2023-02-28 100100612021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. 10010061 (England and Wales)
Bmerc Car Sales Ltd Unaudited accounts for the year ended 28 February 2023
Bmerc Car Sales Ltd Unaudited accounts Contents
Page
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Bmerc Car Sales Ltd Company Information for the year ended 28 February 2023
Director
Ercan Osman Ozgun
Company Number
10010061 (England and Wales)
Registered Office
UNIT 25 ALSTON WORKS FALKLAND ROAD HIGH BARNET EN5 4EL UNITED KINGDOM
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Bmerc Car Sales Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,754 
222 
Current assets
Inventories
3,800 
3,800 
Debtors
75,394 
41,707 
Cash at bank and in hand
39,646 
578 
118,840 
46,085 
Creditors: amounts falling due within one year
(82,550)
(1,192)
Net current assets
36,290 
44,893 
Total assets less current liabilities
57,044 
45,115 
Creditors: amounts falling due after more than one year
(50,000)
(50,000)
Net assets/(liabilities)
7,044 
(4,885)
Capital and reserves
Share premium
100 
100 
Profit and loss account
6,944 
(4,985)
Shareholders' funds
7,044 
(4,885)
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 November 2023 and were signed on its behalf by
Ercan Osman Ozgun Director Company Registration No. 10010061
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Bmerc Car Sales Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Bmerc Car Sales Ltd is a private company, limited by shares, registered in England and Wales, registration number 10010061. The registered office is UNIT 25 ALSTON WORKS, FALKLAND ROAD, HIGH BARNET, EN5 4EL, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
- 
600 
600 
Additions
23,550 
- 
23,550 
At 28 February 2023
23,550 
600 
24,150 
Depreciation
At 1 March 2022
- 
378 
378 
Charge for the year
2,944 
74 
3,018 
At 28 February 2023
2,944 
452 
3,396 
Net book value
At 28 February 2023
20,606 
148 
20,754 
At 28 February 2022
- 
222 
222 
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Bmerc Car Sales Ltd Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
33,669 
- 
Other debtors
100 
100 
33,769 
100 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
41,625 
41,607 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
12,677 
- 
VAT
35,549 
- 
Trade creditors
3,804 
- 
Taxes and social security
11,156 
- 
Other creditors
16,922 
- 
Accruals
2,442 
1,192 
82,550 
1,192 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
50,000 
50,000 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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