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REGISTERED NUMBER: 01424958 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

B.R.M. Coachworks Limited

B.R.M. Coachworks Limited (Registered number: 01424958)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B.R.M. Coachworks Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: N Ball





SECRETARY: Mrs J D Atkins





REGISTERED OFFICE: 32 Waterloo Road
Epsom
Surrey
KT19 8EX





REGISTERED NUMBER: 01424958 (England and Wales)





ACCOUNTANTS: Lawrence Chartered Accountants
Castle House
Park Road
Banstead
Surrey
SM7 3BT

B.R.M. Coachworks Limited (Registered number: 01424958)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,294 52,826

CURRENT ASSETS
Stocks 29,688 33,701
Debtors 5 204,668 196,493
Cash at bank and in hand 387,154 357,846
621,510 588,040
CREDITORS
Amounts falling due within one year 6 200,604 192,813
NET CURRENT ASSETS 420,906 395,227
TOTAL ASSETS LESS CURRENT
LIABILITIES

468,200

448,053

PROVISIONS FOR LIABILITIES 7,251 8,202
NET ASSETS 460,949 439,851

CAPITAL AND RESERVES
Called up share capital 1,000 640
Share premium 290 290
Retained earnings 459,659 438,921
460,949 439,851

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.

B.R.M. Coachworks Limited (Registered number: 01424958)

Balance Sheet - continued
31 December 2023


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 18 September 2024 and were signed by:





N Ball - Director


B.R.M. Coachworks Limited (Registered number: 01424958)

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

1. STATUTORY INFORMATION

B.R.M. Coachworks 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Freehold property - 1% on cost
Plant and machinery - 33% on cost, 15% on reducing balance and 10% on cost

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.

B.R.M. Coachworks Limited (Registered number: 01424958)

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

2. ACCOUNTING POLICIES - continued

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.

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 11 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 January 2023
and 31 December 2023 35,285 21,082 106,634
DEPRECIATION
At 1 January 2023 12,956 6,325 92,409
Charge for year 352 2,108 2,845
At 31 December 2023 13,308 8,433 95,254
NET BOOK VALUE
At 31 December 2023 21,977 12,649 11,380
At 31 December 2022 22,329 14,757 14,225

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 1,500 24,889 189,390
DEPRECIATION
At 1 January 2023 1,500 23,374 136,564
Charge for year - 227 5,532
At 31 December 2023 1,500 23,601 142,096
NET BOOK VALUE
At 31 December 2023 - 1,288 47,294
At 31 December 2022 - 1,515 52,826

B.R.M. Coachworks Limited (Registered number: 01424958)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 188,097 183,858
Other debtors 16,571 12,635
204,668 196,493

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 3,820 -
Trade creditors 59,258 69,330
Taxation and social security 74,635 68,665
Other creditors 62,891 54,818
200,604 192,813

7. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   

The bank have a debenture on the assests of the company