Registered number
04705600
Birmingham Motorist Centre Limited
Report and Unaudited Accounts
26 April 2024
Collins
Chartered Accountants
West Midlands
Birmingham Motorist Centre Limited
Registered number: 04705600
Balance Sheet
as at 26 April 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Tangible assets 3 141,643 143,352
Current assets
Stocks 11,000 11,000
Debtors 4 3,444 3,525
Cash at bank and in hand 611,376 586,794
625,820 601,319
Creditors: amounts falling due within one year 5 (139,673) (130,300)
Net current assets 486,147 471,019
Net assets 627,790 614,371
Capital and reserves
Called up share capital 3 3
Profit and loss account 627,787 614,368
Shareholders' funds 627,790 614,371
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.
C Mumford
Director
Approved by the board on 8 January 2025
Birmingham Motorist Centre Limited
Notes to the Accounts
for the year ended 26 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 (as applicable to small companies), The Financial Reporting Standard applicable in the UK and Republic of Ireland.
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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised when the work is performed.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings 15% reducing balance basis
Plant and machinery 25% reducing balance basis
Motor Vehicles 25% straight line
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 8
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor Vehicles Total
£ £ £ £
Cost
At 27 April 2023 140,990 96,857 26,000 263,847
At 26 April 2024 140,990 96,857 26,000 263,847
Depreciation
At 27 April 2023 - 96,035 24,460 120,495
Charge for the year - 169 1,540 1,709
At 26 April 2024 - 96,204 26,000 122,204
Net book value
At 26 April 2024 140,990 653 - 141,643
At 26 April 2023 140,990 822 1,540 143,352
4 Debtors 2024 2023
£ £
Prepayments and accrued income 3,444 3,525
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 65,135 59,361
Corporation tax 45,797 34,191
Other taxes and social security costs 21,304 19,726
Directors loans 569 1,200
Accruals and deferred income 6,010 5,955
Other creditors 858 9,867
139,673 130,300
6 Other information
Birmingham Motorist Centre Limited is a private company limited by shares and incorporated in England. Its registered office is:
Marsh Lane
Water Orton
Birmingham
West Midlands
B46 1NW
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