BRICO VEHICLE SERVICES LIMITED
Statement of financial position
as at 30 April 2024
Tangible assets
10,370
18,833
Cash at bank and in hand
64,614
28,795
Creditors: amounts falling due within one year
(87,092)
(75,676)
Net current assets
105,338
63,240
Called up share capital
110
110
Profit and loss account
115,598
81,963
Shareholders' funds
115,708
82,073
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by
Vincent O'Brien
Director
Company Registration No. 04462331
BRICO VEHICLE SERVICES LIMITED
Notes to the Accounts
for the year ended 30 April 2024
BRICO VEHICLE SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04462331. The registered office is Chalfont St Peter, SL9 9QL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 April 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
20% Reducing balance
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
17,883
100,207
6,250
124,340
Additions
3,723
-
874
4,597
At 30 April 2024
21,606
100,207
7,124
128,937
At 1 May 2023
17,154
85,214
3,139
105,507
Charge for the year
890
11,373
797
13,060
At 30 April 2024
18,044
96,587
3,936
118,567
At 30 April 2024
3,562
3,620
3,188
10,370
At 30 April 2023
729
14,993
3,111
18,833
BRICO VEHICLE SERVICES LIMITED
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
122,490
90,790
Accrued income and prepayments
4,526
3,824
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Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
1,613
Trade creditors
56,179
70,509
Taxes and social security
10,905
807
Loans from directors
11,544
789
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Average number of employees
During the year the average number of employees was 3 (2023: 3).