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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
Page
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Bruton Motor Services Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,590 
24,883 
Current assets
Inventories
39,774 
26,999 
Debtors
138,326 
90,875 
Cash at bank and in hand
1,019,300 
821,655 
1,197,400 
939,529 
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 
Capital and reserves
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
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Bruton Motor Services Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
Pension costs
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Bruton Motor Services Ltd Notes to the Accounts for the year ended 31 January 2024
Deferred taxation
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 
£ 
Cost
At 1 February 2023
25,000 
At 31 January 2024
25,000 
Amortisation
At 1 February 2023
25,000 
At 31 January 2024
25,000 
Net book value
At 31 January 2024
- 
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 
Additions
- 
720 
- 
- 
720 
At 31 January 2024
21,851 
64,270 
11,113 
2,366 
99,600 
Depreciation
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 
Net book value
At 31 January 2024
- 
15,703 
3,887 
- 
19,590 
At 31 January 2023
1 
20,037 
4,845 
- 
24,883 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
136,178 
89,089 
Accrued income and prepayments
2,148 
1,786 
138,326 
90,875 
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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 
£ 
£ 
VAT
27,218 
18,578 
Trade creditors
45,144 
39,224 
Taxes and social security
88,839 
49,389 
Loans from directors
27,000 
29,000 
Accruals
6,237 
3,108 
194,438 
139,299 
8
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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