Registered number
11633498
BURY AUTOS LIMITED
Filleted Accounts
31 October 2024
BURY AUTOS LIMITED
Registered number: 11633498
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Current assets
Stocks 28,299 26,137
Cash at bank and in hand 24,254 32,507
52,553 58,644
Creditors: amounts falling due within one year 3 (71,726) (71,856)
Net current liabilities (19,173) (13,212)
Net liabilities (19,173) (13,212)
Capital and reserves
Called up share capital 1 1
Profit and loss account (19,174) (13,213)
Shareholders' funds (19,173) (13,212)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
F Hussain
Director
Approved by the board on 20 November 2024
BURY AUTOS LIMITED
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Going concern
The accounts have been prepared on a going concern basis, the validity of which is dependent upon the continued support of the director. The director has given assurances that this support will continue for the foreseeable future and he is hopeful that profitability will improve next year.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 66 126
Other creditors 71,660 71,730
71,726 71,856
4 Other information
BURY AUTOS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
5 Inman Street
Bury
Lancs
BL9 0TP
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