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REGISTERED NUMBER: 05884080 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JULY 2024

FOR

BRIGHTON MOTORAMA LIMITED

BRIGHTON MOTORAMA LIMITED (REGISTERED NUMBER: 05884080)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


BRIGHTON MOTORAMA LIMITED (REGISTERED NUMBER: 05884080)

BALANCE SHEET
30 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 9,128 9,583
9,128 9,583

CURRENT ASSETS
Stocks 66,600 69,194
Debtors 7 228,584 294,081
Cash at bank and in hand 39,858 82,325
335,042 445,600
CREDITORS
Amounts falling due within one year 8 68,080 157,455
NET CURRENT ASSETS 266,962 288,145
TOTAL ASSETS LESS CURRENT
LIABILITIES

276,090

297,728

PROVISIONS FOR LIABILITIES 9 2,282 2,396
NET ASSETS 273,808 295,332

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 272,808 294,332
SHAREHOLDERS' FUNDS 273,808 295,332

BRIGHTON MOTORAMA LIMITED (REGISTERED NUMBER: 05884080)

BALANCE SHEET - continued
30 JULY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 July 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:





Mr G R Worms - Director


BRIGHTON MOTORAMA LIMITED (REGISTERED NUMBER: 05884080)

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


1. STATUTORY INFORMATION

Brighton Motorama Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05884080

Registered office: Bross Estate
New Road
Newhaven
East Sussex
BN9 0EH

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 33% on cost

All fixed assets are initially shown at cost.

BRIGHTON MOTORAMA LIMITED (REGISTERED NUMBER: 05884080)

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


3. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

BRIGHTON MOTORAMA LIMITED (REGISTERED NUMBER: 05884080)

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


3. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.


BRIGHTON MOTORAMA LIMITED (REGISTERED NUMBER: 05884080)

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


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

BRIGHTON MOTORAMA LIMITED (REGISTERED NUMBER: 05884080)

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


5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 July 2023
and 30 July 2024 34,000
AMORTISATION
At 31 July 2023
and 30 July 2024 34,000
NET BOOK VALUE
At 30 July 2024 -
At 30 July 2023 -

6. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Equipment Totals
£    £    £    £   
COST
At 31 July 2023 30,793 23,100 1,484 55,377
Additions 851 1,500 - 2,351
At 30 July 2024 31,644 24,600 1,484 57,728
DEPRECIATION
At 31 July 2023 26,761 17,549 1,484 45,794
Charge for year 1,043 1,763 - 2,806
At 30 July 2024 27,804 19,312 1,484 48,600
NET BOOK VALUE
At 30 July 2024 3,840 5,288 - 9,128
At 30 July 2023 4,032 5,551 - 9,583

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,142 12,628
Other debtors 200 200
Directors' current account 148,377 217,281
Tax recoverable 53,304 63,429
Prepayments and accrued income 561 543
228,584 294,081

BRIGHTON MOTORAMA LIMITED (REGISTERED NUMBER: 05884080)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,953 42,418
Corporation tax 33,415 82,948
PAYE and social security 2,222 688
VAT 27,326 28,984
Other creditors 397 -
Accruals and deferred income 2,767 2,417
68,080 157,455

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 2,282 2,396

Deferred
tax
£   
Balance at 31 July 2023 2,396
Provided during year (114 )
Balance at 30 July 2024 2,282

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
550 A Ordinary £1 550 550
450 B Ordinary £1 450 450
1,000 1,000

BRIGHTON MOTORAMA LIMITED (REGISTERED NUMBER: 05884080)

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


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 July 2024 and 30 July 2023:

2024 2023
£    £   
Mr G R Worms and Mrs C A Worms
Balance outstanding at start of year 217,280 (76 )
Amounts advanced 37,361 217,356
Amounts repaid (106,264 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 148,377 217,280

Interest of £6,485 (2023: £2,150) has been charged on the overdrawn Directors' current account balance at the standard HMRC rate.