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
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
Bmerc Car Sales Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
20,754
222
Cash at bank and in hand
39,646
578
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)
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
Bmerc Car Sales Ltd
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 28 February 2023
23,550
600
24,150
Charge for the year
2,944
74
3,018
At 28 February 2023
2,944
452
3,396
At 28 February 2023
20,606
148
20,754
At 28 February 2022
-
222
222
Bmerc Car Sales Ltd
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
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
-
Taxes and social security
11,156
-
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).