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REGISTERED NUMBER: 08770299 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

BRAINTREE VAN SALES LIMITED

BRAINTREE VAN SALES LIMITED (REGISTERED NUMBER: 08770299)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BRAINTREE VAN SALES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: A R Smith





REGISTERED OFFICE: 263 Rayne Road
Braintree
Essex
CM7 2QF





REGISTERED NUMBER: 08770299 (England and Wales)





ACCOUNTANTS: SW Accountancy
Chartered Certified Accountants
7 Davidson Close
Great Cornard
Sudbury
Suffolk
CO10 0YU

BRAINTREE VAN SALES LIMITED (REGISTERED NUMBER: 08770299)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,747 9,286

CURRENT ASSETS
Stocks 1,835,976 1,933,668
Debtors 5 442,304 226,290
Cash at bank and in hand 81,669 142,456
2,359,949 2,302,414
CREDITORS
Amounts falling due within one year 6 338,640 622,247
NET CURRENT ASSETS 2,021,309 1,680,167
TOTAL ASSETS LESS CURRENT LIABILITIES 2,073,056 1,689,453

CREDITORS
Amounts falling due after more than one year 7 (198,242 ) (26,696 )

PROVISIONS FOR LIABILITIES (5,383 ) (567 )
NET ASSETS 1,869,431 1,662,190

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 1,869,311 1,662,070
SHAREHOLDERS' FUNDS 1,869,431 1,662,190

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 30 August 2024 and were signed by:





A R Smith - Director


BRAINTREE VAN SALES LIMITED (REGISTERED NUMBER: 08770299)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Braintree Van Sales 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.

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.
Buildings - 10% on cost
Leasehold improvements - 10% on cost
Plant & equipment - 25% on reducing balance and 10% on cost
Office equipment - 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

BRAINTREE VAN SALES LIMITED (REGISTERED NUMBER: 08770299)

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

4. TANGIBLE FIXED ASSETS
Leasehold Plant & Office
Buildings improvements equipment equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 11,500 - 2,460 3,079 17,039
Additions 6,500 19,280 24,200 382 50,362
At 30 November 2023 18,000 19,280 26,660 3,461 67,401
DEPRECIATION
At 1 December 2022 5,200 - 1,243 1,310 7,753
Charge for year 1,800 1,928 3,636 537 7,901
At 30 November 2023 7,000 1,928 4,879 1,847 15,654
NET BOOK VALUE
At 30 November 2023 11,000 17,352 21,781 1,614 51,747
At 30 November 2022 6,300 - 1,217 1,769 9,286

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 45,896 62,161
Other debtors 396,408 164,129
442,304 226,290

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 9,971
Hire purchase contracts 55,446 -
Trade creditors 159,743 186,005
Taxation and social security 100,462 227,841
Other creditors 12,989 198,430
338,640 622,247

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 16,667 26,696
Hire purchase contracts 181,575 -
198,242 26,696

8. SECURED DEBTS

The bank overdraft is secured by fixed and floating charges over the property or undertaking of the company.