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REGISTERED NUMBER: 04044410 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Beech Garage Car Sales Ltd

Beech Garage Car Sales Ltd (Registered number: 04044410)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Beech Garage Car Sales Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: P Stanton





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 04044410 (England and Wales)





ACCOUNTANTS: Cobham Murphy Limited
116 Duke Street
Liverpool
Merseyside
L1 5JW

Beech Garage Car Sales Ltd (Registered number: 04044410)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 139,126 194,606

CURRENT ASSETS
Stocks 5 567,542 621,565
Debtors 6 139,025 190,795
Cash at bank 349,061 356,094
1,055,628 1,168,454
CREDITORS
Amounts falling due within one year 7 286,614 561,515
NET CURRENT ASSETS 769,014 606,939
TOTAL ASSETS LESS CURRENT
LIABILITIES

908,140

801,545

CREDITORS
Amounts falling due after more than one
year

8

(102,518

)

(141,175

)

PROVISIONS FOR LIABILITIES (17,894 ) (31,763 )
NET ASSETS 787,728 628,607

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 787,727 628,606
SHAREHOLDERS' FUNDS 787,728 628,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Beech Garage Car Sales Ltd (Registered number: 04044410)

Balance Sheet - continued
31 July 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 director and authorised for issue on 18 February 2025 and were signed by:





P Stanton - Director


Beech Garage Car Sales Ltd (Registered number: 04044410)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Beech Garage Car Sales 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable from the sale of vehicles, excluding discounts, rebates, value added tax and other sales taxes. Income is recognised when the goods are sold.

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.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% 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.

Financial instruments
Director's loans and other loans (being repayable on demand), trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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.


Beech Garage Car Sales Ltd (Registered number: 04044410)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
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 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 54,459 192,479 18,809 265,747
Additions 306 - 1,950 2,256
At 31 July 2024 54,765 192,479 20,759 268,003
DEPRECIATION
At 1 August 2023 35,972 21,342 13,827 71,141
Charge for year 7,184 48,120 2,432 57,736
At 31 July 2024 43,156 69,462 16,259 128,877
NET BOOK VALUE
At 31 July 2024 11,609 123,017 4,500 139,126
At 31 July 2023 18,487 171,137 4,982 194,606

Beech Garage Car Sales Ltd (Registered number: 04044410)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023
and 31 July 2024 128,513
DEPRECIATION
At 1 August 2023 21,342
Charge for year 32,128
At 31 July 2024 53,470
NET BOOK VALUE
At 31 July 2024 75,043
At 31 July 2023 107,171

5. STOCKS
31.7.24 31.7.23
£    £   
Stocks 567,542 621,565

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 134,693 125,235
Other debtors 4,332 65,560
139,025 190,795

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 55,000 110,000
Hire purchase contracts (see note 9) 28,658 33,879
Trade creditors 41,556 274,815
Taxation and social security 95,498 91,496
Other creditors 65,902 51,325
286,614 561,515

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 8,333 18,333
Hire purchase contracts (see note 9) 94,185 122,842
102,518 141,175

Beech Garage Car Sales Ltd (Registered number: 04044410)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.7.24 31.7.23
£    £   
Net obligations repayable:
Within one year 28,658 33,879
Between one and five years 94,185 122,842
122,843 156,721

Non-cancellable operating leases
31.7.24 31.7.23
£    £   
Within one year 89,072 58,792
Between one and five years 240,000 244,273
In more than five years 300,000 270,000
629,072 573,065

10. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Hire purchase contracts 122,843 156,721

11. RELATED PARTY DISCLOSURES

Included within other creditors is a balance of £48,423, (2023, £63,064, Debtor), owing from VP Advertising Limited, a company controlled by Mr P Stanton.

Included within other creditors is a balance of £nil, (2023, £5,000), owing to Mrs A J Stanton, who is a related party.

The loans are interest free and repayable on demand.

Rent of £59,500, (2023, £54,000), was paid to A.O.N Propertys Ltd, a company controlled by Mrs A J Stanton.