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REGISTERED NUMBER: 08532664 (England and Wales)














Financial Statements

for the Year Ended 31 March 2023

for

BVH Car Sales Ltd

BVH Car Sales Ltd (Registered number: 08532664)

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


BVH Car Sales Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: R J Houghton
R M Houghton





REGISTERED OFFICE: Hind Street
Birkenhead
Wirral
Merseyside
CH41 5DA





REGISTERED NUMBER: 08532664 (England and Wales)





ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2-8 Oriel Road
Bootle
Liverpool
Merseyside
L20 7EP

BVH Car Sales Ltd (Registered number: 08532664)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,776 10,951

CURRENT ASSETS
Stocks 822,231 973,140
Debtors 5 65,811 52,406
Cash at bank 214,891 74,186
1,102,933 1,099,732
CREDITORS
Amounts falling due within one year 6 768,057 850,824
NET CURRENT ASSETS 334,876 248,908
TOTAL ASSETS LESS CURRENT LIABILITIES 343,652 259,859

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 343,552 259,759
SHAREHOLDERS' FUNDS 343,652 259,859

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.

BVH Car Sales Ltd (Registered number: 08532664)

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 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 23 November 2023 and were signed on its behalf by:




R M Houghton - Director



R J Houghton - Director


BVH Car Sales Ltd (Registered number: 08532664)

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


1. STATUTORY INFORMATION

BVH Car Sales Ltd 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 represents the value of goods sold during the period, net of VAT. Turnover is recognised when goods are physically delivered to the customer.

Tangible fixed assets
Fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on tangible fixed assets at rates calculated to write off the cost less estimated residual value of each asset on a systematic basis over its expected useful life as follows:

Fixtures and fittings25% reducing balance
Computer equipment25% straight line
Property Improvements25% reducing balance

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.

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.

BVH Car Sales Ltd (Registered number: 08532664)

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


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 12,000 10,248 1,695 23,943
Additions - 750 - 750
At 31 March 2023 12,000 10,998 1,695 24,693
DEPRECIATION
At 1 April 2022 3,563 7,859 1,570 12,992
Charge for year 2,109 691 125 2,925
At 31 March 2023 5,672 8,550 1,695 15,917
NET BOOK VALUE
At 31 March 2023 6,328 2,448 - 8,776
At 31 March 2022 8,437 2,389 125 10,951

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 25,786 21,117
Other debtors 40,025 31,289
65,811 52,406

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 18,222 108,783
Taxation and social security 62,337 36,879
Other creditors 687,498 705,162
768,057 850,824

BVH Car Sales Ltd (Registered number: 08532664)

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


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
67 Ordinary £1 67 67
33 Ordinary B £1 33 33
100 100

8. CONTROLLING PARTY

The company is controlled by its parent company and by the directors thereof:

Birkenhead Car and Van Hire Limited
238-240 Conway Street
Birkenhead
CH41 4AQ