Company Registration No. 12480067 (England and Wales)
BETHEL CARS LTD
Unaudited accounts
for the year ended 28 February 2023
BETHEL CARS LTD
Company Information
for the year ended 28 February 2023
Company Number
12480067 (England and Wales)
Registered Office
Flat 45
George Court
89 Grange Road
Hayes
Middlesex
UB3 2RS
England
BETHEL CARS LTD
Statement of financial position
as at 28 February 2023
Tangible assets
12,410
26,300
Cash at bank and in hand
114
540
Creditors: amounts falling due within one year
(2,287)
(9,027)
Net current liabilities
(1,119)
(6,967)
Total assets less current liabilities
11,291
19,333
Creditors: amounts falling due after more than one year
(4,463)
(5,860)
Called up share capital
1
1
Capital contribution reserve
17,000
17,000
Profit and loss account
(10,173)
(3,528)
Shareholders' funds
6,828
13,473
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 29 November 2023 and were signed on its behalf by
Lathish Joseph
Director
Company Registration No. 12480067
BETHEL CARS LTD
Notes to the Accounts
for the year ended 28 February 2023
BETHEL CARS LTD is a private company, limited by shares, registered in England and Wales, registration number 12480067. The registered office is Flat 45, George Court, 89 Grange Road, Hayes, Middlesex, UB3 2RS, England.
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:
Motor Vehicles: Depreciation is charged on straight-line method and allocated the cost of asset less residual value over their estimated useful life. Useful life of the asset is estimated as 5 years and depreciated at 20%
The assets' residual values, useful lives and depreciation methods are reviewed , and adjusted prospectively if appropriate , or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of comprehensive income.
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risk of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the renal payment is charged the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
BETHEL CARS LTD
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Motor vehicles
At 28 February 2023
25,300
At 28 February 2023
12,890
At 28 February 2023
12,410
At 28 February 2022
26,300
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,762
1,896
Obligations under finance leases and hire purchase contracts
-
6,381
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 1 (2022: 1).