10 false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 250,000 250,000 xbrli:pure xbrli:shares iso4217:GBP 06452622 2023-01-01 2023-12-31 06452622 2023-12-31 06452622 2022-12-31 06452622 2022-01-01 2022-12-31 06452622 2022-12-31 06452622 core:PlantMachinery 2023-01-01 2023-12-31 06452622 core:FurnitureFittings 2023-01-01 2023-12-31 06452622 core:MotorVehicles 2023-01-01 2023-12-31 06452622 bus:Director1 2023-01-01 2023-12-31 06452622 bus:Director2 2023-01-01 2023-12-31 06452622 core:NetGoodwill 2023-12-31 06452622 core:PlantMachinery 2022-12-31 06452622 core:FurnitureFittings 2022-12-31 06452622 core:MotorVehicles 2022-12-31 06452622 core:PlantMachinery 2023-12-31 06452622 core:FurnitureFittings 2023-12-31 06452622 core:MotorVehicles 2023-12-31 06452622 core:WithinOneYear 2023-12-31 06452622 core:WithinOneYear 2022-12-31 06452622 core:AfterOneYear 2023-12-31 06452622 core:AfterOneYear 2022-12-31 06452622 core:ShareCapital 2023-12-31 06452622 core:ShareCapital 2022-12-31 06452622 core:RetainedEarningsAccumulatedLosses 2023-12-31 06452622 core:RetainedEarningsAccumulatedLosses 2022-12-31 06452622 core:PlantMachinery 2022-12-31 06452622 core:FurnitureFittings 2022-12-31 06452622 core:MotorVehicles 2022-12-31 06452622 bus:SmallEntities 2023-01-01 2023-12-31 06452622 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 06452622 bus:FullAccounts 2023-01-01 2023-12-31 06452622 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06452622 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06452622 core:NetGoodwill 2023-01-01 2023-12-31 06452622 core:OfficeEquipment 2023-01-01 2023-12-31 06452622 core:OfficeEquipment 2022-12-31 06452622 core:OfficeEquipment 2023-12-31
COMPANY REGISTRATION NUMBER: 06452622
Brandon Car Centre Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2023
Brandon Car Centre Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
6
231,689
174,640
Current assets
Stocks
535,757
695,422
Debtors
7
101,883
74,763
Cash at bank and in hand
474,173
398,034
------------
------------
1,111,813
1,168,219
Creditors: amounts falling due within one year
8
471,592
485,461
------------
------------
Net current assets
640,221
682,758
---------
---------
Total assets less current liabilities
871,910
857,398
Creditors: amounts falling due after more than one year
9
310,377
323,517
Provisions
Taxation including deferred tax
45,513
36,026
---------
---------
Net assets
516,020
497,855
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
515,920
497,755
---------
---------
Shareholders funds
516,020
497,855
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Brandon Car Centre Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 25 September 2024 , and are signed on behalf of the board by:
Mr D J Freeman
Mr J S Martin
Director
Director
Company registration number: 06452622
Brandon Car Centre Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ground Floor, 3 Wellbrook Court, Girton, Cambridge, CB3 0NA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss accounts represents vehicles sold and work done during the year, exclusive of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset.
Goodwill
-
fully depreciated
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Fixtures and fittings
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
15% reducing balance
Stocks
Stocks are valued at the lower of cost, based on purchase price, and net realisable value, after making due allowance for obsolete and slow moving items.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 10 (2022: 10 ).
5. Intangible assets
Goodwill
£
Cost
At 1 January 2023 and 31 December 2023
250,000
---------
Amortisation
At 1 January 2023 and 31 December 2023
250,000
---------
Carrying amount
At 31 December 2023
---------
At 31 December 2022
---------
6. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 January 2023
96,562
17,991
154,856
19,869
289,278
Additions
21,294
5,190
129,534
477
156,495
Disposals
( 96,560)
( 96,560)
---------
--------
---------
--------
---------
At 31 December 2023
117,856
23,181
187,830
20,346
349,213
---------
--------
---------
--------
---------
Depreciation
At 1 January 2023
55,690
11,354
35,485
12,109
114,638
Charge for the year
6,684
1,381
31,560
1,175
40,800
Disposals
( 37,914)
( 37,914)
---------
--------
---------
--------
---------
At 31 December 2023
62,374
12,735
29,131
13,284
117,524
---------
--------
---------
--------
---------
Carrying amount
At 31 December 2023
55,482
10,446
158,699
7,062
231,689
---------
--------
---------
--------
---------
At 31 December 2022
40,872
6,637
119,371
7,760
174,640
---------
--------
---------
--------
---------
7. Debtors
2023
2022
£
£
Trade debtors
89,291
53,348
Other debtors
12,592
21,415
---------
--------
101,883
74,763
---------
--------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,140
9,890
Trade creditors
354,090
373,649
Social security and other taxes
94,086
92,206
Other creditors
13,276
9,716
---------
---------
471,592
485,461
---------
---------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
14,806
24,946
Other creditors
295,571
298,571
---------
---------
310,377
323,517
---------
---------
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
£
£
Not later than 1 year
29,000
29,000
--------
--------