IRIS Accounts Production v23.3.1.45 SC539039 director 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5390392022-06-30SC5390392023-06-30SC5390392022-07-012023-06-30SC5390392021-06-30SC5390392021-07-012022-06-30SC5390392022-06-30SC539039ns10:Originalns15:Scotland2022-07-012023-06-30SC539039ns14:PoundSterlingns10:Original2022-07-012023-06-30SC539039ns10:Originalns10:Director12022-07-012023-06-30SC539039ns10:Original2022-07-012023-06-30SC539039ns10:Original2023-06-30SC539039ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-30SC539039ns10:Originalns10:SmallEntities2022-07-012023-06-30SC539039ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-30SC539039ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-30SC539039ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-30SC539039ns10:Originalns10:FullAccounts2022-07-012023-06-30SC539039ns10:Originalns10:RegisteredOffice2022-07-012023-06-30SC539039ns10:Original2022-06-30SC539039ns10:Originalns5:CurrentFinancialInstruments2023-06-30SC539039ns10:Originalns5:CurrentFinancialInstruments2022-06-30SC539039ns5:ShareCapitalns10:Original2023-06-30SC539039ns5:ShareCapitalns10:Original2022-06-30SC539039ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-30SC539039ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-30SC539039ns10:Originalns5:PlantMachinery2022-07-012023-06-30SC539039ns10:Original2021-07-012022-06-30SC539039ns10:Originalns5:PlantMachinery2022-06-30SC539039ns10:Originalns5:PlantMachinery2023-06-30SC539039ns10:Originalns5:PlantMachinery2022-06-30SC539039ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-30SC539039ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30
REGISTERED NUMBER: SC539039 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2023

FOR

BENNIE MOTORS LTD

BENNIE MOTORS LTD (REGISTERED NUMBER: SC539039)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


BENNIE MOTORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTOR: S A M Bennie





REGISTERED OFFICE: Goldwells House
Grange Road
United Kingdom
AB42 1WN





REGISTERED NUMBER: SC539039 (Scotland)





ACCOUNTANTS: Goldwells Ltd
Goldwells House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN

BENNIE MOTORS LTD (REGISTERED NUMBER: SC539039)

STATEMENT OF FINANCIAL POSITION
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 73,117 67,972

CURRENT ASSETS
Stocks 219,550 312,045
Debtors 5 15,461 4,073
Cash at bank 127,526 95,827
362,537 411,945
CREDITORS
Amounts falling due within one year 6 49,322 100,887
NET CURRENT ASSETS 313,215 311,058
TOTAL ASSETS LESS CURRENT
LIABILITIES

386,332

379,030

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 386,330 379,028
386,332 379,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

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 director and authorised for issue on 19th February 2024 and were signed by:





S A M Bennie - Director


BENNIE MOTORS LTD (REGISTERED NUMBER: SC539039)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

Bennie Motors Ltd 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.
Plant and machinery etc - 25% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 5 (2022 - 5 ) .

BENNIE MOTORS LTD (REGISTERED NUMBER: SC539039)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2022 127,923
Additions 42,089
Disposals (32,400 )
At 30th June 2023 137,612
DEPRECIATION
At 1st July 2022 59,951
Charge for year 24,373
Eliminated on disposal (19,829 )
At 30th June 2023 64,495
NET BOOK VALUE
At 30th June 2023 73,117
At 30th June 2022 67,972

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,758 2,860
VAT 2,490 -
Prepayments 1,213 1,213
15,461 4,073

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bounce Back Loan 3,334 30,000
Trade creditors 19,448 23,869
Tax 12,844 38,192
Social security and other taxes 1,603 1,232
VAT - 5,446
Other creditors 2,070 1,975
Directors' current accounts 10,023 173
49,322 100,887