Company Registration No. 11645663 (England and Wales)
Brough Smart Repair Centre Ltd
Unaudited accounts
for the year ended 31 October 2023
Brough Smart Repair Centre Ltd
Unaudited accounts
Contents
Brough Smart Repair Centre Ltd
Company Information
for the year ended 31 October 2023
Company Number
11645663 (England and Wales)
Registered Office
Unit 3a Wiske Avenue
Brough
HU15 1ZQ
United Kingdom
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Brough Smart Repair Centre Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
13,602
6,141
Cash at bank and in hand
2,183
598
Creditors: amounts falling due within one year
(15,722)
(10,158)
Net current liabilities
(11,794)
(7,580)
Total assets less current liabilities
1,808
(1,439)
Provisions for liabilities
Net assets/(liabilities)
105
(1,439)
Called up share capital
2
2
Profit and loss account
103
(1,441)
Shareholders' funds
105
(1,439)
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 29 July 2024 and were signed on its behalf by
Mr S Lewis
Director
Company Registration No. 11645663
Brough Smart Repair Centre Ltd
Notes to the Accounts
for the year ended 31 October 2023
Brough Smart Repair Centre Ltd is a private company, limited by shares, registered in England and Wales, registration number 11645663. The registered office is Unit 3a Wiske Avenue, Brough, HU15 1ZQ, United Kingdom.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
20% on Cost
Computer equipment
33% on Cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
Brough Smart Repair Centre Ltd
Notes to the Accounts
for the year ended 31 October 2023
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2022
10,000
-
10,000
Additions
10,791
246
11,037
At 31 October 2023
20,791
246
21,037
At 1 November 2022
3,859
-
3,859
Charge for the year
3,502
74
3,576
At 31 October 2023
7,361
74
7,435
At 31 October 2023
13,430
172
13,602
At 31 October 2022
6,141
-
6,141
Amounts falling due within one year
Accrued income and prepayments
545
-
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
282
-
Loans from directors
579
3,962
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).