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REGISTERED NUMBER: 14615766 (England and Wales)















Unaudited Financial Statements

for the Period 25 January 2023 to 31 December 2023

for

BN Vehicles Limited

BN Vehicles Limited (Registered number: 14615766)






Contents of the Financial Statements
for the Period 25 January 2023 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BN Vehicles Limited

Company Information
for the Period 25 January 2023 to 31 December 2023







DIRECTORS: N S Owen
B Strickland





REGISTERED OFFICE: Greengarth
Thicket Grove
Maidenhead
Berkshire
SL6 4LW





REGISTERED NUMBER: 14615766 (England and Wales)





ACCOUNTANT: Ian S Anderson, Chartered Accountant
Greengarth
Thicket Grove
Maidenhead
Berkshire
SL6 4LW

BN Vehicles Limited (Registered number: 14615766)

Balance Sheet
31 December 2023

Notes £    £   
FIXED ASSETS
Intangible assets 4 37,575
Tangible assets 5 9,250
46,825

CURRENT ASSETS
Stocks 2,500
Debtors 6 3,086
Cash at bank and in hand 48,547
54,133
CREDITORS
Amounts falling due within one year 7 79,694
NET CURRENT LIABILITIES (25,561 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,264

PROVISIONS FOR LIABILITIES 8 1,287
NET ASSETS 19,977

CAPITAL AND RESERVES
Called up share capital 9 100
Retained earnings 19,877
SHAREHOLDERS' FUNDS 19,977

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 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.

BN Vehicles Limited (Registered number: 14615766)

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 Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by:





B Strickland - Director


BN Vehicles Limited (Registered number: 14615766)

Notes to the Financial Statements
for the Period 25 January 2023 to 31 December 2023

1. STATUTORY INFORMATION

BN Vehicles 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.

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.

These financial statements have been prepared on a going concern basis. In the opinion of the directors funding to operate satisfactorily will remain available for the foreseeable future. The directors do not believe that Covid-19 or Brexit will impact adversely on the going concern basis.

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 2023, is being 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.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 20% 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 period 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 period 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.

BN Vehicles Limited (Registered number: 14615766)

Notes to the Financial Statements - continued
for the Period 25 January 2023 to 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 41,750
At 31 December 2023 41,750
AMORTISATION
Charge for period 4,175
At 31 December 2023 4,175
NET BOOK VALUE
At 31 December 2023 37,575

The company acquired the trade and undertaking of Mr T Autos Limited on 28 April 2023.

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 11,750
At 31 December 2023 11,750
DEPRECIATION
Charge for period 2,500
At 31 December 2023 2,500
NET BOOK VALUE
At 31 December 2023 9,250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 3,086

BN Vehicles Limited (Registered number: 14615766)

Notes to the Financial Statements - continued
for the Period 25 January 2023 to 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 3,575
Taxation and social security 14,984
Other creditors 61,135
79,694

8. PROVISIONS FOR LIABILITIES
£   
Deferred tax
Accelerated capital allowances 1,287

Deferred
tax
£   
Provided during period 1,287
Balance at 31 December 2023 1,287

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary 1 100

10. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.