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Company No: 12389615 (England and Wales)

ANDREW BROWN CARS T/A ANDREW BROWN CARAVANS LTD

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

ANDREW BROWN CARS T/A ANDREW BROWN CARAVANS LTD

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

ANDREW BROWN CARS T/A ANDREW BROWN CARAVANS LTD

COMPANY INFORMATION

For the financial year ended 31 January 2024
ANDREW BROWN CARS T/A ANDREW BROWN CARAVANS LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 January 2024
DIRECTOR Andrew Robert Brown
REGISTERED OFFICE 68 Crossways
York
YO10 5JQ
England
United Kingdom
COMPANY NUMBER 12389615 (England and Wales)
ACCOUNTANT Morrell Middleton Auditors Ltd
Chartered Certified Accountants
Wellington House
Aviator Court
York
YO30 4UZ
ANDREW BROWN CARS T/A ANDREW BROWN CARAVANS LTD

BALANCE SHEET

As at 31 January 2024
ANDREW BROWN CARS T/A ANDREW BROWN CARAVANS LTD

BALANCE SHEET (continued)

As at 31 January 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 59,488 32,321
59,488 32,321
Current assets
Stocks 4 15,000 40,500
Debtors 5 1,724 1,024
Cash at bank and in hand 6 534 27,581
17,258 69,105
Creditors: amounts falling due within one year 7 ( 24,163) ( 55,761)
Net current (liabilities)/assets (6,905) 13,344
Total assets less current liabilities 52,583 45,665
Creditors: amounts falling due after more than one year 8 ( 43,429) ( 25,908)
Net assets 9,154 19,757
Capital and reserves
Called-up share capital 9 100 100
Profit and loss account 9,054 19,657
Total shareholders' funds 9,154 19,757

For the financial year 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 financial statements of Andrew Brown Cars T/a Andrew Brown Caravans Ltd (registered number: 12389615) were approved and authorised for issue by the Director on 12 March 2024. They were signed on its behalf by:

Andrew Robert Brown
Director
ANDREW BROWN CARS T/A ANDREW BROWN CARAVANS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
ANDREW BROWN CARS T/A ANDREW BROWN CARAVANS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Andrew Brown Cars T/a Andrew Brown Caravans Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 68 Crossways, York, YO10 5JQ, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 February 2023 43,903 43,903
Additions 64,407 64,407
Disposals ( 21,000) ( 21,000)
At 31 January 2024 87,310 87,310
Accumulated depreciation
At 01 February 2023 11,582 11,582
Charge for the financial year 18,373 18,373
Disposals ( 2,133) ( 2,133)
At 31 January 2024 27,822 27,822
Net book value
At 31 January 2024 59,488 59,488
At 31 January 2023 32,321 32,321

4. Stocks

2024 2023
£ £
Stocks 15,000 40,500

5. Debtors

2024 2023
£ £
Other debtors 1,724 1,024

6. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 534 27,581

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,182 8,271
Trade creditors 1,416 21,093
Taxation and social security 0 14,503
Obligations under finance leases and hire purchase contracts 8,333 0
Other creditors 4,232 11,894
24,163 55,761

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 13,091 25,908
Obligations under finance leases and hire purchase contracts 30,338 0
43,429 25,908

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100