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REGISTERED NUMBER: 04054678 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Independent BMW Limited

Independent BMW Limited (Registered number: 04054678)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Independent BMW Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J Warren
W Warren
Mrs S Warren





SECRETARY: Mrs S Warren





REGISTERED OFFICE: 65 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY





REGISTERED NUMBER: 04054678 (England and Wales)





ACCOUNTANTS: Godfrey Laws & Co Limited
65 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

Independent BMW Limited (Registered number: 04054678)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,945 -
1,945 -

CURRENT ASSETS
Stocks 268,155 140,906
Debtors 6 10,590 27,481
Cash at bank and in hand 110,008 92,314
388,753 260,701
CREDITORS
Amounts falling due within one year 7 254,567 123,673
NET CURRENT ASSETS 134,186 137,028
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,131

137,028

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 136,031 136,928
136,131 137,028

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Independent BMW Limited (Registered number: 04054678)

Balance Sheet - continued
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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by:





J Warren - Director


Independent BMW Limited (Registered number: 04054678)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Independent BMW 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.

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 2003, 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 - 20% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 67,638
AMORTISATION
At 1 May 2023
and 30 April 2024 67,638
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

Independent BMW Limited (Registered number: 04054678)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 6,049
Additions 2,175
At 30 April 2024 8,224
DEPRECIATION
At 1 May 2023 6,049
Charge for year 230
At 30 April 2024 6,279
NET BOOK VALUE
At 30 April 2024 1,945

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 10,590 27,480
Other debtors - 1
10,590 27,481

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 1 38,512
Taxation and social security 12,907 23,484
Other creditors 241,659 61,677
254,567 123,673

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the following amounts to the directors. The balances are included in other creditors:

Mr J Warren £172909
Mrs S Warren £4925
Mr W Warren £48784

The amounts are repayable on demand and earn interest at 5% per annum.