Company Registration No. 04936929 (England and Wales)
Bruton Motor Services Ltd
Unaudited accounts
for the year ended 31 January 2024
Bruton Motor Services Ltd
Unaudited accounts
Contents
Bruton Motor Services Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
19,590
24,883
Cash at bank and in hand
1,019,300
821,655
Creditors: amounts falling due within one year
(194,438)
(139,299)
Net current assets
1,002,962
800,230
Total assets less current liabilities
1,022,552
825,113
Provisions for liabilities
Deferred tax
(4,552)
(5,853)
Net assets
1,018,000
819,260
Called up share capital
2
2
Profit and loss account
1,017,998
819,258
Shareholders' funds
1,018,000
819,260
For the year ending 31 January 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 21 August 2024 and were signed on its behalf by
H J Mahoney
Director
Company Registration No. 04936929
Bruton Motor Services Ltd
Notes to the Accounts
for the year ended 31 January 2024
Bruton Motor Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 04936929. The registered office is Bruton Industrial Estate, Station Road, Bruton, Somerset, BA10 0EH.
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.
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:
Land & buildings
25% straight line
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
33% straight line
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.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Bruton Motor Services Ltd
Notes to the Accounts
for the year ended 31 January 2024
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.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2023
21,851
63,550
11,113
2,366
98,880
At 31 January 2024
21,851
64,270
11,113
2,366
99,600
At 1 February 2023
21,850
43,513
6,268
2,366
73,997
Charge for the year
1
5,054
958
-
6,013
At 31 January 2024
21,851
48,567
7,226
2,366
80,010
At 31 January 2024
-
15,703
3,887
-
19,590
At 31 January 2023
1
20,037
4,845
-
24,883
Amounts falling due within one year
Trade debtors
136,178
89,089
Accrued income and prepayments
2,148
1,786
Bruton Motor Services Ltd
Notes to the Accounts
for the year ended 31 January 2024
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
45,144
39,224
Taxes and social security
88,839
49,389
Loans from directors
27,000
29,000
8
Average number of employees
During the year the average number of employees was 7 (2023: 7).