IRIS Accounts Production v23.4.0.336 SC106798 Board of Directors Board of Directors Board of Directors Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1067982022-12-31SC1067982023-12-31SC1067982023-01-012023-12-31SC1067982021-12-31SC1067982022-01-012022-12-31SC1067982022-12-31SC106798ns15:Scotland2023-01-012023-12-31SC106798ns14:PoundSterling2023-01-012023-12-31SC106798ns10:Director12023-01-012023-12-31SC106798ns10:Director22023-01-012023-12-31SC106798ns10:Director32023-01-012023-12-31SC106798ns10:Director42023-01-012023-12-31SC106798ns10:Director52023-01-012023-12-31SC106798ns10:PrivateLimitedCompanyLtd2023-01-012023-12-31SC106798ns10:SmallEntities2023-01-012023-12-31SC106798ns10:AuditExemptWithAccountantsReport2023-01-012023-12-31SC106798ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31SC106798ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC106798ns10:FullAccounts2023-01-012023-12-31SC106798ns10:CompanySecretary12023-01-012023-12-31SC106798ns10:RegisteredOffice2023-01-012023-12-31SC106798ns5:CurrentFinancialInstruments2023-12-31SC106798ns5:CurrentFinancialInstruments2022-12-31SC106798ns5:ShareCapital2023-12-31SC106798ns5:ShareCapital2022-12-31SC106798ns5:RetainedEarningsAccumulatedLosses2023-12-31SC106798ns5:RetainedEarningsAccumulatedLosses2022-12-31SC106798ns5:FurnitureFittings2023-01-012023-12-31SC106798ns5:MotorVehicles2023-01-012023-12-31SC106798ns5:ComputerEquipment2023-01-012023-12-31SC106798ns5:LandBuildings2022-12-31SC106798ns5:FurnitureFittings2022-12-31SC106798ns5:MotorVehicles2022-12-31SC106798ns5:ComputerEquipment2022-12-31SC106798ns5:LandBuildings2023-01-012023-12-31SC106798ns5:LandBuildings2023-12-31SC106798ns5:FurnitureFittings2023-12-31SC106798ns5:MotorVehicles2023-12-31SC106798ns5:ComputerEquipment2023-12-31SC106798ns5:LandBuildings2022-12-31SC106798ns5:FurnitureFittings2022-12-31SC106798ns5:MotorVehicles2022-12-31SC106798ns5:ComputerEquipment2022-12-31SC106798ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31SC106798ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31SC106798ns5:DeferredTaxation2022-12-31SC106798ns5:DeferredTaxation2023-01-012023-12-31SC106798ns5:DeferredTaxation2023-12-31
REGISTERED NUMBER: SC106798 (Scotland)











Unaudited Financial Statements

for the Year Ended 31st December 2023

for

B & H Auto Spares (Oban) Limited

B & H Auto Spares (Oban) Limited (Registered number: SC106798)

Contents of the Financial Statements
for the Year Ended 31st December 2023










Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


B & H Auto Spares (Oban) Limited

Company Information
for the Year Ended 31st December 2023







DIRECTORS: Mr JM Bamber
Mr GL Hogg
Mr P D Bamber
Mr C M Bamber
Mr J R Bamber



SECRETARY: Mr JM Bamber



REGISTERED OFFICE: Unit 1, Claggan Industrial Estate
Claggan Road
Fort William
Inverness-shire
PH33 6PH



REGISTERED NUMBER: SC106798 (Scotland)



ACCOUNTANTS: Towers + Gornall Ltd
Chartered Certified Accountants
River View
96 High Street
Garstang
Preston
Lancashire
PR3 1WZ



BANKERS: Bank of Scotland
62 High Street
Fort William
Inverness-shire
PH33 6AE

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
B & H Auto Spares (Oban) Limited


The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 B & H Auto Spares (Oban) Limited for the year ended 31st December 2023 which comprise the Income Statement, Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of B & H Auto Spares (Oban) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of B & H Auto Spares (Oban) Limited and state those matters that we have agreed to state to the Board of Directors of B & H Auto Spares (Oban) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that B & H Auto Spares (Oban) 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 profit of B & H Auto Spares (Oban) Limited. You consider that B & H Auto Spares (Oban) 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 B & H Auto Spares (Oban) 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.

This report is made solely to our client and we do not accept responsibility to anyone else.






Towers + Gornall Ltd
Chartered Certified Accountants
River View
96 High Street
Garstang
Preston
Lancashire
PR3 1WZ


15th March 2024

B & H Auto Spares (Oban) Limited (Registered number: SC106798)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 177,489 148,343

CURRENT ASSETS
Stocks 195,612 183,830
Debtors 5 55,516 59,352
Cash at bank and in hand 362,695 299,419
613,823 542,601
CREDITORS
Amounts falling due within one year 6 240,820 197,870
NET CURRENT ASSETS 373,003 344,731
TOTAL ASSETS LESS CURRENT
LIABILITIES

550,492

493,074

PROVISIONS FOR LIABILITIES 7 15,964 6,595
NET ASSETS 534,528 486,479

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 534,328 486,279
SHAREHOLDERS' FUNDS 534,528 486,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

B & H Auto Spares (Oban) Limited (Registered number: SC106798)

Balance Sheet - continued
31st December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th March 2024 and were signed on its behalf by:




Mr JM Bamber - Director Mr GL Hogg - Director




Mr P D Bamber - Director Mr C M Bamber - Director




Mr J R Bamber - Director


B & H Auto Spares (Oban) Limited (Registered number: SC106798)

Notes to the Financial Statements
for the Year Ended 31st December 2023


1. STATUTORY INFORMATION

B & H Auto Spares (Oban) Limited is a private company, limited by shares , registered in Scotland. 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
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.
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

B & H Auto Spares (Oban) Limited (Registered number: SC106798)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Heritable and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st January 2023 113,632 38,910 43,467 29,328 225,337
Additions - 539 35,885 8,284 44,708
Disposals - - - (4,450 ) (4,450 )
At 31st December 2023 113,632 39,449 79,352 33,162 265,595
DEPRECIATION
At 1st January 2023 - 28,263 19,945 28,786 76,994
Charge for year - 1,087 11,862 2,613 15,562
Eliminated on disposal - - - (4,450 ) (4,450 )
At 31st December 2023 - 29,350 31,807 26,949 88,106
NET BOOK VALUE
At 31st December 2023 113,632 10,099 47,545 6,213 177,489
At 31st December 2022 113,632 10,647 23,522 542 148,343

Included in tangible fixed assets is a property included at cost. In the directors' opinion this represents a fair value of the property.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 53,266 57,102
Prepayments and accrued income 2,250 2,250
55,516 59,352

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 130,204 95,197
Corporation tax 47,525 44,633
Social security and other taxes 40,254 35,277
Directors' current accounts 18,347 19,271
Accruals and deferred income 4,490 3,492
240,820 197,870

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 15,964 6,595

Deferred
tax
£   
Balance at 1st January 2023 6,595
Provided during year 9,369
Balance at 31st December 2023 15,964

B & H Auto Spares (Oban) Limited (Registered number: SC106798)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023


8. RELATED PARTY DISCLOSURES

At the year end, the company owed £18,347 (2022: £19,271) to the directors. No interest has been charged to the company in respect of this loan which is repayable on demand and classified in creditors due within one year.