Company registration number: 14053270
Unaudited financial statements
for the year ended 30 April 2024
for
Benz Prestige Automotive Ltd
Pages for filing with the Registrar
Company registration number: 14053270
Benz Prestige Automotive Ltd
Balance sheet
as at 30 April 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 84,116 45,975
84,116 45,975
Current assets
Debtors 5,255 18,492
Cash at bank and in hand 43,063 -
48,318 18,492
Creditors: amounts falling due within
one year
(43,801) (6,744)
Net current assets 4,517 11,748
Total assets less current liabilities 88,633 57,723
Creditors: Amounts falling due after
more than one year
5 (32,024) (40,117)
NET ASSETS 56,609 17,606
Capital and reserves
Called up share capital (102) (102)
Profit and loss account 56,711 17,708
TOTAL EQUITY 56,609 17,606
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 April 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 14053270
Benz Prestige Automotive Ltd
Balance sheet - continued
as at 30 April 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 20 January 2025 and signed on its behalf by:
Mr B Blanshard, Director Mr J Byrne, Director
20 January 2025 20 January 2025
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Benz Prestige Automotive Ltd
Notes to the financial statements
for the year ended 30 April 2024
1 Company information
Benz Prestige Automotive Ltd is a private company registered in England and Wales. Its registered number is 14053270. The company is limited by shares. Its registered office is 41 Claude Road, Liverpool, Merseyside, L6 0BT.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 25% reducing balance
Motor vehicles - 20% reducing balance
Computer equipment - 25% reducing balance
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 lossover the relevant period. The capital element of the future payments is treated as a liability.
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Benz Prestige Automotive Ltd
Notes to the financial statements - continued
for the year ended 30 April 2024
2 Accounting policies - continued
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 4 (2023 - 3).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 May 2023 61,300
Additions 64,603
At 30 April 2024 125,903
Depreciation
At 1 May 2023 15,325
Charge for year 26,462
At 30 April 2024 41,787
Net book value
At 30 April 2024 84,116
At 30 April 2023 45,975
5 Creditors: amounts falling due after more than five years
2024 2023
£ £
Repayable by instalments
Bank loans 13,876 19,680
13,876 19,680
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Benz Prestige Automotive Ltd
Notes to the financial statements - continued
for the year ended 30 April 2024
6 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023.
2024 2023
£ £
Mr Benjamin Blanshard
Balance outstanding at start of year 265 -
Amounts advanced 42,563 265
Amounts repaid (30,000) -
Amounts written off - -
Balance outstanding at end of year 12,827 265
2024 2023
£ £
Mr John Byrne
Balance outstanding at start of year 315 -
Amounts advanced 40,895 315
Amounts repaid (30,000) -
Amounts written off - -
Balance outstanding at end of year 11,210 315
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