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REGISTERED NUMBER: 06779001 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

BASINGSTOKE MOT & TYRE CENTRE -
WADE ROAD - LIMITED

BASINGSTOKE MOT & TYRE CENTRE -
WADE ROAD - LIMITED (REGISTERED NUMBER: 06779001)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BASINGSTOKE MOT & TYRE CENTRE -
WADE ROAD - LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: G Benwell
Miss S T Digweed
S M Gorman





REGISTERED OFFICE: The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ





REGISTERED NUMBER: 06779001 (England and Wales)





ACCOUNTANTS: RE Group Accountants Limited
Chartered Certified Accountants
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ

BASINGSTOKE MOT & TYRE CENTRE -
WADE ROAD - LIMITED (REGISTERED NUMBER: 06779001)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 702,835 720,043

CURRENT ASSETS
Stocks 79,705 64,127
Debtors 5 59,492 44,882
Cash at bank and in hand 357,760 393,942
496,957 502,951
CREDITORS
Amounts falling due within one year 6 650,726 756,777
NET CURRENT LIABILITIES (153,769 ) (253,826 )
TOTAL ASSETS LESS CURRENT LIABILITIES 549,066 466,217

CREDITORS
Amounts falling due after more than one
year

7

(35,355

)

(40,477

)

PROVISIONS FOR LIABILITIES (7,444 ) (10,466 )
NET ASSETS 506,267 415,274

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 506,264 415,271
506,267 415,274

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

BASINGSTOKE MOT & TYRE CENTRE -
WADE ROAD - LIMITED (REGISTERED NUMBER: 06779001)

BALANCE SHEET - continued
31 MARCH 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 14 November 2023 and were signed on its behalf by:





Miss S T Digweed - Director


BASINGSTOKE MOT & TYRE CENTRE -
WADE ROAD - LIMITED (REGISTERED NUMBER: 06779001)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Basingstoke MOT & Tyre Centre - Wade Road - 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.
Land and buildings - 2% on cost
Plant and machinery etc - between 20% to 33% on cost, 10% on cost and 10% - 20% straight line

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.

BASINGSTOKE MOT & TYRE CENTRE -
WADE ROAD - LIMITED (REGISTERED NUMBER: 06779001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

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 15 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 624,359 347,867 972,226
Additions - 37,866 37,866
Disposals - (10,000 ) (10,000 )
At 31 March 2023 624,359 375,733 1,000,092
DEPRECIATION
At 1 April 2022 24,974 227,209 252,183
Charge for year 12,488 32,586 45,074
At 31 March 2023 37,462 259,795 297,257
NET BOOK VALUE
At 31 March 2023 586,897 115,938 702,835
At 31 March 2022 599,385 120,658 720,043

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 19,707 13,558
Other debtors 39,785 26,224
59,492 39,782

Amounts falling due after more than one year:
Other debtors - 5,100

Aggregate amounts 59,492 44,882

BASINGSTOKE MOT & TYRE CENTRE -
WADE ROAD - LIMITED (REGISTERED NUMBER: 06779001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,210 6,212
Trade creditors 145,108 150,719
Taxation and social security 126,804 72,581
Other creditors 372,604 527,265
650,726 756,777

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 35,355 40,477

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,514 15,636

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value £: £    £   
2 Ordinary A 1 2 2
1 Ordinary B 1 1 1
3 3

9. OTHER FINANCIAL COMMITMENTS

At the year end the company was subject to financial commitments totalling £493,170 (2022: £77,838).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
S M Gorman
Balance outstanding at start of year 11,340 -
Amounts advanced - 11,340
Amounts repaid (11,340 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 11,340

No interest was charged during the year.

BASINGSTOKE MOT & TYRE CENTRE -
WADE ROAD - LIMITED (REGISTERED NUMBER: 06779001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

11. RELATED PARTY DISCLOSURES

Included in other creditors at the year end are amounts totalling £364,807 (2022: £364,807) owed to entities in which the directors have an interest. These amounts are interest free and repayable on demand.

12. PARENT COMPANY

The ultimate parent company is Hampshire Automotive Consultancy Limited, a company incorporated in England and Wales. The registered office of the parent company is The Maltings, Rosemary Lane, Halstead, Essex, CO9 1HZ.