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REGISTERED NUMBER: 08434905 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BENTLEY AUTO & TYRE CENTRE LTD

BENTLEY AUTO & TYRE CENTRE LTD (REGISTERED NUMBER: 08434905)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

BENTLEY AUTO & TYRE CENTRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: L A Bowers





SECRETARY: E L Bowers





REGISTERED OFFICE: Unit 4C Plough Road Centre
Great Bentley
Colchester
Essex
CO7 8LG





REGISTERED NUMBER: 08434905 (England and Wales)





ACCOUNTANTS: Richard Sexton & Co LLP
3 Manor Road
Colchester
Essex
CO3 3LU

BENTLEY AUTO & TYRE CENTRE LTD (REGISTERED NUMBER: 08434905)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,212 5,171
9,212 5,171

CURRENT ASSETS
Stocks 6 7,138 6,461
Debtors 7 10,672 7,356
Cash at bank and in hand 13,488 15,716
31,298 29,533
CREDITORS
Amounts falling due within one year 8 31,688 30,214
NET CURRENT LIABILITIES (390 ) (681 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,822

4,490

CREDITORS
Amounts falling due after more than one
year

9

(5,736

)

-

PROVISIONS FOR LIABILITIES (1,750 ) (983 )
NET ASSETS 1,336 3,507

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,236 3,407
SHAREHOLDERS' FUNDS 1,336 3,507

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

BENTLEY AUTO & TYRE CENTRE LTD (REGISTERED NUMBER: 08434905)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2024 and were signed by:





L A Bowers - Director


BENTLEY AUTO & TYRE CENTRE LTD (REGISTERED NUMBER: 08434905)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Bentley Auto & Tyre Centre 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.

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.

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 2013, has been amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Tools & equipment - 25% on reducing balance
Office equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Government grants
Government Grants in relation to expenditure are credited when the expenditure is charged to the profit and loss.

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.


BENTLEY AUTO & TYRE CENTRE LTD (REGISTERED NUMBER: 08434905)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,000
AMORTISATION
At 1 April 2023
and 31 March 2024 10,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

BENTLEY AUTO & TYRE CENTRE LTD (REGISTERED NUMBER: 08434905)

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

5. TANGIBLE FIXED ASSETS
Tools & Office Motor
equipment equipment vehicles Totals
£    £    £    £   
COST
At 1 April 2023 19,014 1,362 1,825 22,201
Additions 6,995 119 - 7,114
At 31 March 2024 26,009 1,481 1,825 29,315
DEPRECIATION
At 1 April 2023 14,468 1,245 1,317 17,030
Charge for year 2,887 59 127 3,073
At 31 March 2024 17,355 1,304 1,444 20,103
NET BOOK VALUE
At 31 March 2024 8,654 177 381 9,212
At 31 March 2023 4,546 117 508 5,171

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Tools &
equipment
£   
COST
Additions 6,995
At 31 March 2024 6,995
DEPRECIATION
Charge for year 1,750
At 31 March 2024 1,750
NET BOOK VALUE
At 31 March 2024 5,245

6. STOCKS
2024 2023
£    £   
Stock of materials 7,138 6,461

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,334 4,483
Prepayments and accrued income 9,338 2,873
10,672 7,356

BENTLEY AUTO & TYRE CENTRE LTD (REGISTERED NUMBER: 08434905)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 1,679 -
Trade creditors 14,658 9,249
Corporation tax 3,900 5,520
Social security and other taxes 3,396 4,983
Other creditors - Directors loan account 3,247 8,336
Accrued expenses 4,808 2,126
31,688 30,214

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 5,736 -

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 1,679 -
Between one and five years 5,736 -
7,415 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 12,418 9,769
Between one and five years 12,915 5,112
25,333 14,881

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 7,415 -

The hire purchase creditor is secured over the assets to which it relates.

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £13,200 (2023 - £16,800) were paid to the director .

BENTLEY AUTO & TYRE CENTRE LTD (REGISTERED NUMBER: 08434905)

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

13. ULTIMATE CONTROLLING PARTY

The company is under the control of L A Bowers who owns 60% of the ordinary share capital.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BENTLEY AUTO & TYRE CENTRE LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bentley Auto & Tyre Centre Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Bentley Auto & Tyre Centre Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bentley Auto & Tyre Centre Ltd and state those matters that we have agreed to state to the director of Bentley Auto & Tyre Centre Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bentley Auto & Tyre Centre Ltd and its director for our work or for this report.

It is your duty to ensure that Bentley Auto & Tyre Centre Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bentley Auto & Tyre Centre Ltd. You consider that Bentley Auto & Tyre Centre Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bentley Auto & Tyre Centre Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richard Sexton & Co LLP
3 Manor Road
Colchester
Essex
CO3 3LU


25 September 2024