Company Registration No. 13404737 (England and Wales)
Britalia Auto Recovery Ltd
Unaudited accounts
for the year ended 31 March 2024
Britalia Auto Recovery Ltd
Unaudited accounts
Contents
Britalia Auto Recovery Ltd
Company Information
for the year ended 31 March 2024
Directors
Mr G Callari
Giuseppe Callari
Company Number
13404737 (England and Wales)
Registered Office
143 HERSHAM ROAD
WALTON-ON-THAMES
KT12 1RR
ENGLAND
Britalia Auto Recovery Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
71,837
69,482
Cash at bank and in hand
69,734
94,901
Creditors: amounts falling due within one year
(113,674)
(155,318)
Net current liabilities
(9,551)
(20,553)
Total assets less current liabilities
62,286
48,929
Provisions for liabilities
Deferred tax
(15,053)
(12,997)
Called up share capital
100
100
Profit and loss account
47,133
35,832
Shareholders' funds
47,233
35,932
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by
Mr G Callari
Director
Company Registration No. 13404737
Britalia Auto Recovery Ltd
Notes to the Accounts
for the year ended 31 March 2024
Britalia Auto Recovery Ltd is a private company, limited by shares, registered in England and Wales, registration number 13404737. The registered office is 143 HERSHAM ROAD, WALTON-ON-THAMES, KT12 1RR, ENGLAND.
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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.
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.
The accounts are presented in £ sterling.
Turnover represents net sales, excluding value added tax.
Tangible fixed assets and depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
15% reducing balance
Computer equipment
20% reducing balance
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account in the period to which they relate.
Britalia Auto Recovery Ltd
Notes to the Accounts
for the year ended 31 March 2024
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Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
1,800
82,780
2,465
87,045
Additions
-
14,500
-
14,500
At 31 March 2024
1,800
97,280
2,465
101,545
At 1 April 2023
347
16,569
647
17,563
Charge for the year
218
11,564
363
12,145
At 31 March 2024
565
28,133
1,010
29,708
At 31 March 2024
1,235
69,147
1,455
71,837
At 31 March 2023
1,453
66,211
1,818
69,482
Amounts falling due within one year
Trade debtors
29,244
33,150
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
3,383
6,806
Taxes and social security
34,653
26,036
Other creditors
75,638
122,476
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The controlling party is Mr G Callari.
Mr G Callari is the managing director and majority shareholder.
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Average number of employees
During the year the average number of employees was 3 (2023: 3).