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REGISTERED NUMBER: 06649288 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Buxton Car Centre Trade Sales Ltd

Buxton Car Centre Trade Sales Ltd (Registered number: 06649288)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Buxton Car Centre Trade Sales Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: C D Smith





REGISTERED OFFICE: Unit 20
Dew Pond Lane
Tongue Lane Industrial Estate
Buxton
Derbyshire
SK17 7LF





REGISTERED NUMBER: 06649288 (England and Wales)





ACCOUNTANTS: DLA Chartered Accountants
36A Market Street
New Mills
High Peak
SK22 4AA

Buxton Car Centre Trade Sales Ltd (Registered number: 06649288)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,965 8,794
10,965 8,794

CURRENT ASSETS
Stocks 296,060 242,150
Debtors 6 5,858 14,573
Cash at bank and in hand 156,945 152,254
458,863 408,977
CREDITORS
Amounts falling due within one year 7 105,594 108,975
NET CURRENT ASSETS 353,269 300,002
TOTAL ASSETS LESS CURRENT
LIABILITIES

364,234

308,796

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 364,134 308,696
SHAREHOLDERS' FUNDS 364,234 308,796

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.

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 12 August 2024 and were signed by:





C D Smith - Director


Buxton Car Centre Trade Sales Ltd (Registered number: 06649288)

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

1. STATUTORY INFORMATION

Buxton Car Centre Trade Sales Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of one years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 33% 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.

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 5 (2022 - 5 ) .

Buxton Car Centre Trade Sales Ltd (Registered number: 06649288)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 5,000
AMORTISATION
At 1 January 2023
and 31 December 2023 5,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 January 2023 - 41,207 2,635 43,842
Additions 3,697 565 - 4,262
At 31 December 2023 3,697 41,772 2,635 48,104
DEPRECIATION
At 1 January 2023 - 33,359 1,689 35,048
Charge for year 425 1,352 314 2,091
At 31 December 2023 425 34,711 2,003 37,139
NET BOOK VALUE
At 31 December 2023 3,272 7,061 632 10,965
At 31 December 2022 - 7,848 946 8,794

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 558 8,610
Prepayments 5,300 5,963
5,858 14,573

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 62,407 53,332
Tax 15,326 10,523
Social security and other taxes 2,310 1,908
VAT 9,417 5,693
Other creditors 354 304
Directors' current accounts 1,500 10,000
Accrued expenses 14,280 27,215
105,594 108,975

Buxton Car Centre Trade Sales Ltd (Registered number: 06649288)

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

8. RELATED PARTY DISCLOSURES

The company leases a property from the Chris Smith Cars Limited Retirement Benefit Scheme. The lease on this property expires in December 2024 and the annual charge is £45,000.

The director Christopher Smith is a trustee of the above pension scheme, and also received a pension from the scheme during the period.