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REGISTERED NUMBER: 05172260 (England and Wales)















STEVE BEATTIE AUTOS LIMITED

Unaudited Financial Statements for the Year Ended 31 July 2023






STEVE BEATTIE AUTOS LIMITED (REGISTERED NUMBER: 05172260)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 6


STEVE BEATTIE AUTOS LIMITED

Company Information
for the year ended 31 July 2023







Directors: S Beattie
S A Beattie





Registered office: Unit 5
5 Chosen View Road
Cheltenham
Gloucestershire
GL51 9LT





Registered number: 05172260 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO 4th Floor
2 Chamberlain Square
Birmingham
West Midlands
B3 3AX

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Steve Beattie Autos 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 Steve Beattie Autos Limited for the year ended 31 July 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 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 Board of Directors of Steve Beattie Autos 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 Steve Beattie Autos Limited and state those matters that we have agreed to state to the Board of Directors of Steve Beattie Autos Limited, as a body, 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 Steve Beattie Autos Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Steve Beattie Autos 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 Steve Beattie Autos Limited. You consider that Steve Beattie Autos 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 Steve Beattie Autos 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.






Cooper Parry Advisory Limited
CUBO 4th Floor
2 Chamberlain Square
Birmingham
West Midlands
B3 3AX


5 January 2024

STEVE BEATTIE AUTOS LIMITED (REGISTERED NUMBER: 05172260)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 9,701 14,533

Current assets
Stocks 5 3,878 3,938
Debtors 6 16,709 21,538
Cash at bank 912 99
21,499 25,575
Creditors
Amounts falling due within one year 7 35,176 36,362
Net current liabilities (13,677 ) (10,787 )
Total assets less current liabilities (3,976 ) 3,746

Provisions for liabilities 1,668 2,643
Net (liabilities)/assets (5,644 ) 1,103

Capital and reserves
Called up share capital 100 100
Retained earnings (5,744 ) 1,003
Shareholders' funds (5,644 ) 1,103

STEVE BEATTIE AUTOS LIMITED (REGISTERED NUMBER: 05172260)

Balance Sheet - continued
31 July 2023


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 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.

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 5 January 2024 and were signed on its behalf by:





S Beattie - Director


STEVE BEATTIE AUTOS LIMITED (REGISTERED NUMBER: 05172260)

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

1. Statutory information

Steve Beattie Autos 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
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
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - at variable rates on reducing balance

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.

Going concern
The financial statements have been prepared on a going concern basis and no material uncertainties exist that impact on the company's ability to trade.

3. Employees and directors

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

STEVE BEATTIE AUTOS LIMITED (REGISTERED NUMBER: 05172260)

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

4. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 August 2022
and 31 July 2023 46,708 1,968 1,700 9,128 59,504
Depreciation
At 1 August 2022 37,311 1,317 1,646 4,697 44,971
Charge for year 2,341 130 14 2,347 4,832
At 31 July 2023 39,652 1,447 1,660 7,044 49,803
Net book value
At 31 July 2023 7,056 521 40 2,084 9,701
At 31 July 2022 9,397 651 54 4,431 14,533

5. Stocks
2023 2022
£    £   
Stocks 3,878 3,938

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors - 40
Directors' current accounts 11,435 21,354
Prepayments 5,274 144
16,709 21,538

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 6,579 7,728
Trade creditors 7,021 2,554
Tax - 2,768
Social security and other taxes 9,750 10,049
VAT 1,112 2,549
Accruals and deferred income 10,714 10,714
35,176 36,362

8. Directors' advances, credits and guarantees

Included in debtors is £11,435 owed by the directors (2022: £21,354 ) which was repaid within 9 months.