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REGISTERED NUMBER: SC424969 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

B.r. Car Sales Ltd.

B.r. Car Sales Ltd. (Registered number: SC424969)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

B.r. Car Sales Ltd.

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr Bryan Robert Riddick





REGISTERED OFFICE: 2nd Floor
22-24 Bylthswood Square
Glasgow
G2 4BG





REGISTERED NUMBER: SC424969 (Scotland)





ACCOUNTANTS: Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG

B.r. Car Sales Ltd. (Registered number: SC424969)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,239 5,299

CURRENT ASSETS
Stocks 5 4,648 54,535
Debtors 6 20,000 -
Cash at bank and in hand 16,554 13,742
41,202 68,277
CREDITORS
Amounts falling due within one year 7 24,624 44,872
NET CURRENT ASSETS 16,578 23,405
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,817

28,704

CREDITORS
Amounts falling due after more than one year 8 19,985 30,622
NET ASSETS/(LIABILITIES) 832 (1,918 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 732 (2,018 )
SHAREHOLDERS' FUNDS 832 (1,918 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

B.r. Car Sales Ltd. (Registered number: SC424969)

Balance Sheet - continued
31 May 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 27 February 2025 and were signed by:





Mr Bryan Robert Riddick - Director


B.r. Car Sales Ltd. (Registered number: SC424969)

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

1. STATUTORY INFORMATION

B.r. Car Sales Ltd. is a private company, limited by shares , registered in Scotland. 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.
Improvements to property - 20% on 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 6 (2023 - 6 ) .

B.r. Car Sales Ltd. (Registered number: SC424969)

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

4. TANGIBLE FIXED ASSETS
Improvements
to Computer
property equipment Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 32,264 875 33,139
DEPRECIATION
At 1 June 2023 26,965 875 27,840
Charge for year 1,060 - 1,060
At 31 May 2024 28,025 875 28,900
NET BOOK VALUE
At 31 May 2024 4,239 - 4,239
At 31 May 2023 5,299 - 5,299

5. STOCKS
31.5.24 31.5.23
£    £   
Stocks 4,648 54,535

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Directors' current accounts 20,000 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 9,410 17,797
Tax 9,328 7,418
Social security and other taxes 3,353 1,177
Pension Liability 422 -
VAT 1,781 18,058
Directors' current accounts - 92
Accrued expenses 330 330
24,624 44,872

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 2-5 years 19,985 30,622

B.r. Car Sales Ltd. (Registered number: SC424969)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 June 2023 (2,018 )
Profit for the year 38,708
Dividends (35,958 )
At 31 May 2024 732

B.r. Car Sales Ltd.

Report of the Accountants to the Director of
B.r. Car Sales Ltd.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG


27 February 2025