IRIS Accounts Production v24.1.9.2 07549541 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075495412023-03-31075495412024-03-31075495412023-04-012024-03-31075495412022-03-31075495412022-04-012023-03-31075495412023-03-3107549541ns15:EnglandWales2023-04-012024-03-3107549541ns14:PoundSterling2023-04-012024-03-3107549541ns10:Director12023-04-012024-03-3107549541ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107549541ns10:SmallEntities2023-04-012024-03-3107549541ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107549541ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107549541ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107549541ns10:AbridgedAccounts2023-04-012024-03-310754954112023-04-012024-03-3107549541ns10:Director22023-04-012024-03-3107549541ns10:RegisteredOffice2023-04-012024-03-3107549541ns5:CurrentFinancialInstruments2024-03-3107549541ns5:CurrentFinancialInstruments2023-03-3107549541ns5:ShareCapital2024-03-3107549541ns5:ShareCapital2023-03-3107549541ns5:RetainedEarningsAccumulatedLosses2024-03-3107549541ns5:RetainedEarningsAccumulatedLosses2023-03-3107549541ns5:NetGoodwill2023-04-012024-03-3107549541ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3107549541ns5:PlantMachinery2023-04-012024-03-31
REGISTERED NUMBER: 07549541 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Ben Cross Vehicle Repairs Ltd

Ben Cross Vehicle Repairs Ltd (Registered number: 07549541)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Ben Cross Vehicle Repairs Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B Cross
Mrs K Cross





REGISTERED OFFICE: Millhouse
Greenspot
Kirkbride
Cumbria
CA7 5EH





REGISTERED NUMBER: 07549541 (England and Wales)





ACCOUNTANTS: James W A Cruickshank & Co
Chartered Accountants
Chartered Tax Advisers
Inglewood
Wreay
Carlisle
Cumbria
CA4 0RL

Ben Cross Vehicle Repairs Ltd (Registered number: 07549541)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 320,000 330,000
320,000 330,000

CURRENT ASSETS
Debtors 24,038 15,396
Cash at bank 182,946 133,665
206,984 149,061
CREDITORS
Amounts falling due within one year 98,766 96,350
NET CURRENT ASSETS 108,218 52,711
TOTAL ASSETS LESS CURRENT
LIABILITIES

428,218

382,711

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 428,216 382,709
SHAREHOLDERS' FUNDS 428,218 382,711

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Ben Cross Vehicle Repairs Ltd (Registered number: 07549541)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 July 2024 and were signed on its behalf by:





B Cross - Director


Ben Cross Vehicle Repairs Ltd (Registered number: 07549541)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Ben Cross Vehicle Repairs Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 cost and 25% on reducing balance

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.

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.

Ben Cross Vehicle Repairs Ltd (Registered number: 07549541)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 81,000
AMORTISATION
At 1 April 2023
and 31 March 2024 81,000
NET BOOK VALUE

At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 555,960
DEPRECIATION
At 1 April 2023 225,960
Charge for year 10,000
At 31 March 2024 235,960
NET BOOK VALUE
At 31 March 2024 320,000
At 31 March 2023 330,000

6. EARLY REPAYMENT OF LOAN SECURED ON BUSINESS

The secured loan taken out in May 2015 was repaid in full on 10th February 2023.