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REGISTERED NUMBER: 06876333 (England and Wales)












CENTRAL AUDI & VW SPECIALISTS (BHAM) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






CENTRAL AUDI & VW SPECIALISTS (BHAM) LTD (REGISTERED NUMBER: 06876333)






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


CENTRAL AUDI & VW SPECIALISTS (BHAM) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs S J Robson
M E Robson





SECRETARY: Mrs S J Robson





REGISTERED OFFICE: Unit 4 Holly Park Ind Est
Spitfire Road
Birmingham
West Midlands
B24 9PB





REGISTERED NUMBER: 06876333 (England and Wales)





ACCOUNTANTS: Wallace Crooke Walsall Limited
Chartered Accountants
Wallace House
20 Birmingham Road
Walsall
West Midlands
WS1 2LT

CENTRAL AUDI & VW SPECIALISTS (BHAM) LTD (REGISTERED NUMBER: 06876333)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,381 12,856

CURRENT ASSETS
Stocks 3,250 3,250
Debtors 5 21,957 23,983
Cash at bank and in hand 556,364 534,553
581,571 561,786
CREDITORS
Amounts falling due within one year 6 176,829 147,496
NET CURRENT ASSETS 404,742 414,290
TOTAL ASSETS LESS CURRENT
LIABILITIES

425,123

427,146

CREDITORS
Amounts falling due after more than one
year

7

-

20,833
NET ASSETS 425,123 406,313

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 425,113 406,303
425,123 406,313

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.

CENTRAL AUDI & VW SPECIALISTS (BHAM) LTD (REGISTERED NUMBER: 06876333)

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 27 January 2025 and were signed on its behalf by:





Mrs S J Robson - Director


CENTRAL AUDI & VW SPECIALISTS (BHAM) LTD (REGISTERED NUMBER: 06876333)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Central Audi & Vw Specialists (Bham) Ltd 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.

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 - 20% on reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% on reducing balance

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.

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 10 (2023 - 10 ) .

CENTRAL AUDI & VW SPECIALISTS (BHAM) LTD (REGISTERED NUMBER: 06876333)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 51,724
Additions 14,000
At 30 April 2024 65,724
DEPRECIATION
At 1 May 2023 38,868
Charge for year 6,475
At 30 April 2024 45,343
NET BOOK VALUE
At 30 April 2024 20,381
At 30 April 2023 12,856

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,692 6,508
Other debtors 18,265 17,475
21,957 23,983

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 10,000
Trade creditors 85,866 33,673
Taxation and social security 83,261 56,606
Other creditors 7,702 47,217
176,829 147,496

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 20,833