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REGISTERED NUMBER: 09582919 (England and Wales)














Financial Statements for the Year Ended 30 May 2023

for

Belgrave Motor Services Limited

Belgrave Motor Services Limited (Registered number: 09582919)






Contents of the Financial Statements
for the Year Ended 30 May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Belgrave Motor Services Limited

Company Information
for the Year Ended 30 May 2023







DIRECTOR: Mr C Hall





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 09582919 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Belgrave Motor Services Limited (Registered number: 09582919)

Statement of Financial Position
30 May 2023

30.5.23 30.5.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 8,356 9,910

CURRENT ASSETS
Inventories 12,135 11,872
Debtors 5 4,665 -
Cash at bank 14,210 21,526
31,010 33,398
CREDITORS
Amounts falling due within one year 6 58,599 26,794
NET CURRENT (LIABILITIES)/ASSETS (27,589 ) 6,604
TOTAL ASSETS LESS CURRENT LIABILITIES (19,233 ) 16,514

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (19,235 ) 16,512
SHAREHOLDERS' FUNDS (19,233 ) 16,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 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.

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 24 October 2023 and were signed by:




Mr C Hall - Director


Belgrave Motor Services Limited (Registered number: 09582919)

Notes to the Financial Statements
for the Year Ended 30 May 2023

1. STATUTORY INFORMATION

Belgrave Motor Services 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
Revenue 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Inventories 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 statement of financial position date.

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.

Going concern
The financial statements have been prepared on the going concern basis. The director is of the opinion that the shareholders will continue to support it and provide adequate funding when necessary to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Belgrave Motor Services Limited (Registered number: 09582919)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 31 May 2022
and 30 May 2023 2,741 15,289 3,800 21,830
DEPRECIATION
At 31 May 2022 1,621 7,175 3,124 11,920
Charge for year 168 1,217 169 1,554
At 30 May 2023 1,789 8,392 3,293 13,474
NET BOOK VALUE
At 30 May 2023 952 6,897 507 8,356
At 30 May 2022 1,120 8,114 676 9,910

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.23 30.5.22
£    £   
Other debtors 4,665 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.23 30.5.22
£    £   
Bank loans and overdrafts 11,668 12,244
Taxation and social security 5,081 11,370
Other creditors 41,850 3,180
58,599 26,794

7. RELATED PARTY DISCLOSURES

The Director, Mr C Hall, is considered to be the key management personnel.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Belgrave Motor Services Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Belgrave Motor Services Limited for the year ended 30 May 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Belgrave Motor Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Belgrave Motor Services Limited and state those matters that we have agreed to state to the director of Belgrave Motor Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Belgrave Motor Services Limited and its director for our work or for this report.

It is your duty to ensure that Belgrave Motor Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Belgrave Motor Services Limited. You consider that Belgrave Motor Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Belgrave Motor Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY


Date: .............................................