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Company Registration No. 07932726 (England and Wales)
Brand Autos Ltd Unaudited accounts for the year ended 30 June 2023
Brand Autos Ltd Unaudited accounts Contents
Page
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Brand Autos Ltd Company Information for the year ended 30 June 2023
Director
Paul Brand
Secretary
Lucy Brand
Company Number
07932726 (England and Wales)
Registered Office
Unit 8 Kingsley Business Park Kingsley Bordon Hampshire GU35 9LY United Kingdom
Accountants
M A Accountancy Group Wolfe Mead Farnham Road Bordon Hampshire GU35 0NH
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Brand Autos Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,639 
5,830 
Current assets
Inventories
1,200 
1,000 
Debtors
18,158 
15,136 
Cash at bank and in hand
23,339 
34,045 
42,697 
50,181 
Creditors: amounts falling due within one year
(37,204)
(38,376)
Net current assets
5,493 
11,805 
Total assets less current liabilities
13,132 
17,635 
Creditors: amounts falling due after more than one year
(11,667)
(16,667)
Provisions for liabilities
Deferred tax
(1,030)
(622)
Net assets
435 
346 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
335 
246 
Shareholders' funds
435 
346 
For the year ending 30 June 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 30 January 2024 and were signed on its behalf by
Paul Brand Director Company Registration No. 07932726
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Brand Autos Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Brand Autos Ltd is a private company, limited by shares, registered in England and Wales, registration number 07932726. The registered office is Unit 8 Kingsley Business Park, Kingsley, Bordon, Hampshire, GU35 9LY, 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.
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 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:
Plant & machinery
20% on reducing balance
Motor vehicles
20% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Brand Autos Ltd Notes to the Accounts for the year ended 30 June 2023
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
24,687 
5,375 
30,062 
Additions
- 
3,306 
3,306 
At 30 June 2023
24,687 
8,681 
33,368 
Depreciation
At 1 July 2022
21,542 
2,690 
24,232 
Charge for the year
629 
868 
1,497 
At 30 June 2023
22,171 
3,558 
25,729 
Net book value
At 30 June 2023
2,516 
5,123 
7,639 
At 30 June 2022
3,145 
2,685 
5,830 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,501 
6,484 
Accrued income and prepayments
4,895 
2,500 
Other debtors
9,762 
6,152 
18,158 
15,136 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,000 
5,000 
Trade creditors
22,335 
20,093 
Taxes and social security
9,269 
12,461 
Accruals
600 
822 
37,204 
38,376 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
11,667 
16,667 
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Brand Autos Ltd Notes to the Accounts for the year ended 30 June 2023
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Paul Brand
Loan
6,152 
3,610 
- 
9,762 
6,152 
3,610 
- 
9,762 
The above loan has been provided interest free with no fixed terms for repayment.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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