Company Registration No. 12883222 (England and Wales)
Broadfield Motor Group Ltd
Unaudited accounts
for the year ended 30 September 2023
Broadfield Motor Group Ltd
Unaudited accounts
Contents
Broadfield Motor Group Ltd
Company Information
for the year ended 30 September 2023
Directors
David Gilbert
Charles Wainwright
Company Number
12883222 (England and Wales)
Registered Office
ABBEY FIELD
BERECHURCH ROAD
COLCHESTER
ESSEX
CO2 7QB
ENGLAND
Broadfield Motor Group Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
29,325
46,039
Inventories
156,399
70,627
Cash at bank and in hand
1,092
19,940
Creditors: amounts falling due within one year
(66,717)
(40,599)
Net current assets
96,578
52,373
Total assets less current liabilities
125,903
98,412
Creditors: amounts falling due after more than one year
(32,068)
(38,332)
Called up share capital
2
2
Profit and loss account
93,833
60,078
Shareholders' funds
93,835
60,080
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2024 and were signed on its behalf by
David Gilbert
Director
Company Registration No. 12883222
Broadfield Motor Group Ltd
Notes to the Accounts
for the year ended 30 September 2023
Broadfield Motor Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 12883222. The registered office is ABBEY FIELD, BERECHURCH ROAD, COLCHESTER, ESSEX, CO2 7QB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% reducing balance
Other tangible fixed assets
33%
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2022
72,034
6,000
302
1,143
79,479
At 30 September 2023
72,034
6,000
302
1,143
79,479
At 1 October 2022
28,830
3,960
198
452
33,440
Charge for the year
14,258
1,980
99
377
16,714
At 30 September 2023
43,088
5,940
297
829
50,154
At 30 September 2023
28,946
60
5
314
29,325
At 30 September 2022
43,204
2,040
104
691
46,039
Broadfield Motor Group Ltd
Notes to the Accounts
for the year ended 30 September 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
27,413
-
Trade creditors
8,126
26,532
Taxes and social security
23,484
18,799
Loans from directors
(3,814)
(15,205)
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 5 (2022: 4).
9
Reconciliations on adoption of FRS 102