BERWICK SERVICE STATION LIMITED

Company Registration Number:
05024721 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

BERWICK SERVICE STATION LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

BERWICK SERVICE STATION LIMITED

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 169,993 199,163
Total fixed assets: 169,993 199,163
Current assets
Stocks: 18,391 19,159
Debtors:   692,962 657,037
Cash at bank and in hand: 201,648 183,949
Total current assets: 913,001 860,145
Creditors: amounts falling due within one year:   (112,486) (58,318)
Net current assets (liabilities): 800,515 801,827
Total assets less current liabilities: 970,508 1,000,990
Total net assets (liabilities): 970,508 1,000,990
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 970,408 1,000,890
Shareholders funds: 970,508 1,000,990

The notes form part of these financial statements

BERWICK SERVICE STATION LIMITED

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 February 2025
and signed on behalf of the board by:

Name: Mrs P Millar
Status: Director

The notes form part of these financial statements

BERWICK SERVICE STATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Leasehold land and buildings: 10 years Straight Line Plant and machinery: 15% Reducing Balance Motor vehicles: 15% Reducing Balance

Valuation and information policy

Stocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Other accounting policies

Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Taxation A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. Provisions Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. Pensions Contributions to defined contribution plans are expensed in the period to which they relate.

BERWICK SERVICE STATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 11 11

BERWICK SERVICE STATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 607,901
Additions 19,835
Disposals (100,598)
At 31 May 2024 527,138
Depreciation
At 01 June 2023 408,738
Charge for year 32,319
On disposals (83,912)
At 31 May 2024 357,145
Net book value
At 31 May 2024 169,993
At 31 May 2023 199,163

BERWICK SERVICE STATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Loans to directors

Name of director receiving advance or credit: Mr R Millar and Mrs P Millar
Description of the loan: Loan provided to the directors on an interest free basis with no set terms for repayment.
£
Balance at 01 June 2023 48,909
Advances or credits made: 139,267
Advances or credits repaid: 165,736
Balance at 31 May 2024 22,440

BERWICK SERVICE STATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Related party transactions

Name of the related party: Millar & Co (Sussex) Limited
Relationship:
Company under common ownership
Description of the Transaction: The company has historically provided a loan to Millar & Co (Sussex) Limited on an interest free basis. There are no set repayment terms.
£
Balance at 01 June 2023 547,198
Balance at 31 May 2024 547,198