18 November 2022 v2024.5.2 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP144931972022-11-182024-01-31144931972024-01-3114493197core:WithinOneYear2024-01-3114493197core:AfterOneYear2024-01-3114493197core:ShareCapital2024-01-3114493197core:RetainedEarningsAccumulatedLosses2024-01-3114493197bus:Director12022-11-182024-01-3114493197bus:RegisteredOffice2022-11-182024-01-3114493197core:PlantMachinery2022-11-182024-01-3114493197core:LandBuildings2022-11-182024-01-3114493197core:OfficeEquipment2022-11-182024-01-3114493197core:LandBuildings2024-01-3114493197core:PlantMachinery2024-01-311449319712022-11-182024-01-3114493197countries:EnglandWales2022-11-182024-01-3114493197bus:AuditExemptWithAccountantsReport2022-11-182024-01-3114493197bus:PrivateLimitedCompanyLtd2022-11-182024-01-3114493197bus:SmallEntities2022-11-182024-01-3114493197bus:FullAccounts2022-11-182024-01-31
Company registration number:
14493197
Mazda Bongo Auto Centre Limited
Unaudited Filleted Financial Statements for the period ended
31 January 2024
Mazda Bongo Auto Centre Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Mazda Bongo Auto Centre Limited
Period ended
31 January 2024
As described on the statement of financial position, the Board of Directors of
Mazda Bongo Auto Centre Limited
are responsible for the preparation of the
financial statements
for the period ended
31 January 2024
, which comprise the income statement, statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Atkinson Accounts
Egerton House
55 Hoole Road
Chester
CH2 3NJ
United Kingdom
Mazda Bongo Auto Centre Limited
Statement of Financial Position
31 January 2024
31 Jan 2024
Note£
Fixed assets  
Tangible assets 5
41,833
 
Current assets  
Stocks
10,000
 
Debtors 6
2,000
 
Cash at bank and in hand
230
 
12,230
 
Creditors: amounts falling due within one year 7
(4,940
)
Net current assets
7,290
 
Total assets less current liabilities 49,123  
Creditors: amounts falling due after more than one year 8
(49,736
)
Net liabilities
(613
)
Capital and reserves  
Called up share capital
100
 
Profit and loss account
(713
)
Shareholders deficit
(613
)
For the period ending
31 January 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
21 February 2024
, and are signed on behalf of the board by:
A Byrne
Director
Company registration number:
14493197
Mazda Bongo Auto Centre Limited
Notes to the Financial Statements
Period ended
31 January 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Mazda Bongo Auto Centre Ltd
,
River Lane
,
Saltney
,
CH4 8RH
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
15% straight line
Land and buildings
No depreciation
Office equipment
15% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

4 Average number of employees

The average number of persons employed by the company during the period was
1
.

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
18 November 2022
-   -   -  
Additions
28,046
 
16,220
 
44,266
 
At
31 January 2024
28,046
 
16,220
 
44,266
 
Depreciation      
At
18 November 2022
-   -   -  
Charge -  
2,433
 
2,433
 
At
31 January 2024
-  
2,433
 
2,433
 
Carrying amount      
At
31 January 2024
28,046
 
13,787
 
41,833
 

6 Debtors

31 Jan 2024
£
Trade debtors
2,000
 

7 Creditors: amounts falling due within one year

31 Jan 2024
£
Other creditors
4,940
 

8 Creditors: amounts falling due after more than one year

31 Jan 2024
£
Other creditors
49,736