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REGISTERED NUMBER: 04031931 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Britannia Auto Centre Limited

Britannia Auto Centre Limited (Registered number: 04031931)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Britannia Auto Centre Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: E Thorius





SECRETARY:





REGISTERED OFFICE: 3 Boldon Lane
Sunderland
Tyne and Wear
SR6 7RH





REGISTERED NUMBER: 04031931 (England and Wales)





ACCOUNTANTS: Grosvenor Business and Accountancy Services Ltd
Unit 214
South Shields Business Works
Henry Robson Way
South Shields
Tyne and Wear
NE33 1RF

Britannia Auto Centre Limited (Registered number: 04031931)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 323,130 300,579

CURRENT ASSETS
Stocks 121 121
Debtors 5 30,000 86
Cash at bank and in hand 88,275 121,751
118,396 121,958
CREDITORS
Amounts falling due within one year 6 74,803 22,491
NET CURRENT ASSETS 43,593 99,467
TOTAL ASSETS LESS CURRENT
LIABILITIES

366,723

400,046

CREDITORS
Amounts falling due after more than one
year

7

-

135,520
NET ASSETS 366,723 264,526

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 366,623 264,426
366,723 264,526

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Britannia Auto Centre Limited (Registered number: 04031931)

Balance Sheet - continued
31 July 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 director and authorised for issue on 1 February 2024 and were signed by:





E Thorius - Director


Britannia Auto Centre Limited (Registered number: 04031931)

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

1. STATUTORY INFORMATION

Britannia Auto Centre 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 2 ) .

Britannia Auto Centre Limited (Registered number: 04031931)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 305,362 87,602 392,964
Additions - 28,219 28,219
Disposals - (3,563 ) (3,563 )
At 31 July 2023 305,362 112,258 417,620
DEPRECIATION
At 1 August 2022 14,360 78,025 92,385
Charge for year - 5,668 5,668
Eliminated on disposal - (3,563 ) (3,563 )
At 31 July 2023 14,360 80,130 94,490
NET BOOK VALUE
At 31 July 2023 291,002 32,128 323,130
At 31 July 2022 291,002 9,577 300,579

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 30,000 86

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 25,959 -
Taxation and social security 32,887 18,375
Other creditors 15,957 4,116
74,803 22,491

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Other creditors - 135,520