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REGISTERED NUMBER: 09516346 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Bromley Car Audio Limited

Bromley Car Audio Limited (Registered number: 09516346)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bromley Car Audio Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S B Patel





REGISTERED OFFICE: 50D Homedale Road
Bromley
Kent
BR2 9LD





REGISTERED NUMBER: 09516346 (England and Wales)






Bromley Car Audio Limited (Registered number: 09516346)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,347 23,296

CURRENT ASSETS
Stocks 3,750 3,250
Debtors 5 35,990 11,342
Cash at bank and in hand 133,347 87,163
173,087 101,755
CREDITORS
Amounts falling due within one year 6 56,223 36,905
NET CURRENT ASSETS 116,864 64,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

135,211

88,146

CREDITORS
Amounts falling due after more than one
year

7

(7,678

)

(12,748

)

PROVISIONS FOR LIABILITIES (4,293 ) (4,426 )
NET ASSETS 123,240 70,972

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 123,140 70,872
SHAREHOLDERS' FUNDS 123,240 70,972

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.

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 19 November 2024 and were signed by:





S B Patel - Director


Bromley Car Audio Limited (Registered number: 09516346)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Bromley Car Audio 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.
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% 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.

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 year was 1 (2023 - 1 ) .

Bromley Car Audio Limited (Registered number: 09516346)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 1,966 35,850 353 38,169
Additions 702 - 478 1,180
At 31 March 2024 2,668 35,850 831 39,349
DEPRECIATION
At 1 April 2023 1,966 12,730 177 14,873
Charge for year 140 5,780 209 6,129
At 31 March 2024 2,106 18,510 386 21,002
NET BOOK VALUE
At 31 March 2024 562 17,340 445 18,347
At 31 March 2023 - 23,120 176 23,296

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 5,450 10,408
Other debtors 30,540 934
35,990 11,342

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,357 5,357
Trade creditors 3,048 3,525
Taxation and social security 38,070 15,288
Other creditors 9,748 12,735
56,223 36,905

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 7,678 12,748

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

Bromley Car Audio Limited (Registered number: 09516346)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. RESERVES
Retained
earnings
£   

At 1 April 2023 70,872
Profit for the year 87,768
Dividends (35,500 )
At 31 March 2024 123,140

10. RELATED PARTY DISCLOSURES

Included in other debtors is a loan of £29,272 (2023 - £Nil) made to Sai Ram Homes Limited, a company in which Mr S Patel is a director and a 50% shareholder. The loan has no fixed date of repayment and is interest free.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S B Patel.