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REGISTERED NUMBER: 13397280 (England and Wales)












REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

BRICKET WOOD AUTO SERVICE & REPAIR LTD

BRICKET WOOD AUTO SERVICE & REPAIR LTD (REGISTERED NUMBER: 13397280)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


BRICKET WOOD AUTO SERVICE & REPAIR LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: M E Jacobs
G Grace





REGISTERED OFFICE: Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP





REGISTERED NUMBER: 13397280 (England and Wales)





ACCOUNTANTS: Cook & Partners Limited
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

BRICKET WOOD AUTO SERVICE & REPAIR LTD (REGISTERED NUMBER: 13397280)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST MAY 2024

The directors present their report with the financial statements of the company for the year ended 31st May 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st June 2023 to the date of this report.

M E Jacobs
G Grace

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M E Jacobs - Director


14th August 2024

BRICKET WOOD AUTO SERVICE & REPAIR LTD (REGISTERED NUMBER: 13397280)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,321 1,761

CURRENT ASSETS
Stocks - 9,375
Debtors 5 15,845 10,145
Cash at bank and in hand 74,552 91,604
90,397 111,124
CREDITORS
Amounts falling due within one year 6 42,095 64,253
NET CURRENT ASSETS 48,302 46,871
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,623

48,632

PROVISIONS FOR LIABILITIES 251 -
NET ASSETS 49,372 48,632

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 49,272 48,532
SHAREHOLDERS' FUNDS 49,372 48,632

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BRICKET WOOD AUTO SERVICE & REPAIR LTD (REGISTERED NUMBER: 13397280)

BALANCE SHEET - continued
31ST MAY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th August 2024 and were signed on its behalf by:





M E Jacobs - Director


BRICKET WOOD AUTO SERVICE & REPAIR LTD (REGISTERED NUMBER: 13397280)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

Bricket Wood Auto Service & Repair 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

Accounting convention
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.

Going Concern Justification
The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 31 May 2024 have been prepared using the going concern basis of accounting.

Revenue
Revenue - Described as turnover - is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.

Revenue is recognised on the provision of services once completed.

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 - 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 Statement of Income and Retained Earnings, 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.

BRICKET WOOD AUTO SERVICE & REPAIR LTD (REGISTERED NUMBER: 13397280)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

2. ACCOUNTING POLICIES - continued

Pension costs
The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable for the period by the company to the fund.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st June 2023
and 31st May 2024 2,450
DEPRECIATION
At 1st June 2023 689
Charge for year 440
At 31st May 2024 1,129
NET BOOK VALUE
At 31st May 2024 1,321
At 31st May 2023 1,761

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,234 7,307
Prepayments 3,611 2,838
15,845 10,145

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 14,653 15,894
Tax 19,648 22,460
VAT 7,387 10,627
Other creditors 304 15,152
Directors' current accounts 103 120
42,095 64,253