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REGISTERED NUMBER: 01696328 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Butlers Automotive Limited

Butlers Automotive Limited (Registered number: 01696328)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Butlers Automotive Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D Clarke





REGISTERED OFFICE: Thomas Street
Barnsley
S70 1LH





REGISTERED NUMBER: 01696328 (England and Wales)





ACCOUNTANTS: HUB3 LIMITED
Market Place
Crich
Matlock
Derbyshire
DE45DD

Butlers Automotive Limited (Registered number: 01696328)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 213,381 203,517

CURRENT ASSETS
Stocks 639,463 577,655
Debtors 5 337,204 292,365
Cash at bank and in hand 588,822 238,656
1,565,489 1,108,676
CREDITORS
Amounts falling due within one year 6 571,996 437,849
NET CURRENT ASSETS 993,493 670,827
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,206,874

874,344

PROVISIONS FOR LIABILITIES 7 32,354 24,049
NET ASSETS 1,174,520 850,295

CAPITAL AND RESERVES
Called up share capital 60,000 60,000
Retained earnings 1,114,520 790,295
SHAREHOLDERS' FUNDS 1,174,520 850,295

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

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

Butlers Automotive Limited (Registered number: 01696328)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 August 2024 and were signed by:





D Clarke - Director


Butlers Automotive Limited (Registered number: 01696328)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Butlers Automotive 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - Straight line over 65 years
Plant and machinery etc - straight line over 3 years, 25% on reducing balance and 15% 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.

Financial instruments
Debtors

Debtors do not carry any interest and are stated at their nominal value.

Appropriate allowances made for irrecoverable amounts are recognised in the profit and loss account when there is objective evidence the asset is impaired.

Cash at bank and in hand

These comprise cash and highly liquid bank deposits with a maturity of no more than three months.

Trade creditors

Trade creditors are not interest bearing and are stated at their nominal value.

Loans are measured initially at their fair value, net of transaction costs , and are measured subsequently at amortised cost using the effective interest method.


Butlers Automotive Limited (Registered number: 01696328)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 19 ) .

Butlers Automotive Limited (Registered number: 01696328)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 127,706 309,267 436,973
Additions - 42,010 42,010
At 31 December 2023 127,706 351,277 478,983
DEPRECIATION
At 1 January 2023 46,506 186,950 233,456
Charge for year 1,965 30,181 32,146
At 31 December 2023 48,471 217,131 265,602
NET BOOK VALUE
At 31 December 2023 79,235 134,146 213,381
At 31 December 2022 81,200 122,317 203,517

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 243,004 217,165
Other debtors 94,200 75,200
337,204 292,365

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 425,169 326,662
Taxation and social security 121,413 88,266
Other creditors 25,414 22,921
571,996 437,849

7. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax
Accelerated capital allowances 32,354 24,049

Butlers Automotive Limited (Registered number: 01696328)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 24,049
Provided during year 8,305
Balance at 31 December 2023 32,354

8. ULTIMATE CONTROLLING PARTY

The controlling party is D Clarke.