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REGISTERED NUMBER: 07170632 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

BROMLEY VEHICLE TEST CENTRE LIMITED

BROMLEY VEHICLE TEST CENTRE LIMITED (REGISTERED NUMBER: 07170632)

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


BROMLEY VEHICLE TEST CENTRE LIMITED

Company Information
for the year ended 31 July 2023







Director: A R Hubbard





Registered office: Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA





Registered number: 07170632 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA

BROMLEY VEHICLE TEST CENTRE LIMITED (REGISTERED NUMBER: 07170632)

Balance Sheet
31 July 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 11,500 12,236

Current assets
Stocks 3,000 6,000
Debtors 5 43,952 50,680
Cash at bank and in hand 14,557 8,305
61,509 64,985
Creditors
Amounts falling due within one year 6 37,823 42,558
Net current assets 23,686 22,427
Total assets less current liabilities 35,186 34,663

Creditors
Amounts falling due after more than one
year

7

(25,220

)

(31,869

)

Provisions for liabilities 9 (2,294 ) (2,325 )
Net assets 7,672 469

Capital and reserves
Called up share capital 100 100
Retained earnings 7,572 369
Shareholders' funds 7,672 469

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.

BROMLEY VEHICLE TEST CENTRE LIMITED (REGISTERED NUMBER: 07170632)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 March 2024 and were signed by:





A R Hubbard - Director


BROMLEY VEHICLE TEST CENTRE LIMITED (REGISTERED NUMBER: 07170632)

Notes to the Financial Statements
for the year ended 31 July 2023


1. Statutory information

Bromley Vehicle Test 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

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.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

BROMLEY VEHICLE TEST CENTRE LIMITED (REGISTERED NUMBER: 07170632)

Notes to the Financial Statements - continued
for the year ended 31 July 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. Employees and directors

The average number of employees during the year was 3 (2022 - 2 ) .

BROMLEY VEHICLE TEST CENTRE LIMITED (REGISTERED NUMBER: 07170632)

Notes to the Financial Statements - continued
for the year ended 31 July 2023


4. Tangible fixed assets
Plant and Computer
machinery equipment Totals
£ £ £
Cost
At 1 August 2022 38,065 4,280 42,345
Additions 4,000 - 4,000
At 31 July 2023 42,065 4,280 46,345
Depreciation
At 1 August 2022 25,829 4,280 30,109
Charge for year 4,736 - 4,736
At 31 July 2023 30,565 4,280 34,845
Net book value
At 31 July 2023 11,500 - 11,500
At 31 July 2022 12,236 - 12,236

5. Debtors: amounts falling due within one year
2023 2022
£ £
Other debtors 43,952 50,680

6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts (see note 8) 10,648 10,648
Trade creditors 11,061 5,422
Taxation and social security 10,093 21,599
Other creditors 6,021 4,889
37,823 42,558

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans (see note 8) 19,119 28,912
Other creditors 6,101 2,957
25,220 31,869

BROMLEY VEHICLE TEST CENTRE LIMITED (REGISTERED NUMBER: 07170632)

Notes to the Financial Statements - continued
for the year ended 31 July 2023


8. Loans

An analysis of the maturity of loans is given below:

2023 2022
£ £
Amounts falling due within one year or on demand:
Bank loans 10,648 10,648

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,648 10,648

Amounts falling due between two and five years:
Bank loans - 2-5 years 8,471 18,264

9. Provisions for liabilities
2023 2022
£ £
Deferred tax 2,294 2,325

Deferred tax
£
Balance at 1 August 2022 2,325
Credit to Profit and Loss Account during year (31 )
Balance at 31 July 2023 2,294

10. Director's advances, credits and guarantees

At the beginning of the year, the directors operated an overdrawn current account, constituting an advance by the company. Further repayments of £10,880 during the year were made. As of 31 July 2023, the company owes the director £51. The loan is unsecured and repayable on demand.