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UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024

FOR

ST CHRISTOPHERS BOURNEMOUTH LIMITED

ST CHRISTOPHERS BOURNEMOUTH LIMITED (REGISTERED NUMBER: 08070984)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 January 2023 to 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ST CHRISTOPHERS BOURNEMOUTH LIMITED

COMPANY INFORMATION
For The Period 1 January 2023 to 30 June 2024







DIRECTORS: J Saunders
Mrs S E Saunders
O Saunders





REGISTERED OFFICE: Unit 1, St Stephens Court
15 - 17 St Stephens Road
Bournemouth
Dorset
BH2 6LA





REGISTERED NUMBER: 08070984 (England and Wales)






ST CHRISTOPHERS BOURNEMOUTH LIMITED (REGISTERED NUMBER: 08070984)

BALANCE SHEET
30 June 2024

2024 2022
Notes £    £   
ASSETS

FIXED ASSETS
Intangible assets 4 4,200 16,800
Tangible assets 5 131,240 97,773
135,440 114,573

CURRENT ASSETS
Stocks 6 154,673 335,297
Debtors 7 171,321 141,585
Cash at bank and in hand 4,182 14,115
330,176 490,997
465,616 605,570

CAPITAL, RESERVES AND LIABILITIES

CAPITAL AND RESERVES
Called up share capital 8 410,000 410,000
Retained earnings (380,920 ) (323,068 )
SHAREHOLDERS' FUNDS 29,080 86,932

CREDITORS
Amounts falling due within one year 9 298,872 235,070
Amounts falling due after more than one year 10 137,664 283,568
465,616 605,570

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:




J Saunders - Director


ST CHRISTOPHERS BOURNEMOUTH LIMITED (REGISTERED NUMBER: 08070984)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 1 January 2023 to 30 June 2024

1. STATUTORY INFORMATION

St Christophers Bournemouth Limited 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.

2. ACCOUNTING POLICIES

Fundamental accounting concept
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.

The company meets its day to day working capital requirements through bank and other loans. It is therefore reliant on the continued financial support from those creditors for the foreseeable future.

On this basis it is appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal from financial support.

Changes in reporting period
These financial statements cover an eighteen-month accounting period 1st January 2023 to 30th June 2024. The accounting period was extended following the cessation of the car sales division. The comparatives within these financial statements represent the results for the twelve months ended 31 December 2022 and are therefore not entirely comparable.

Turnover
Turnover represents net invoiced sales value of vehicle sales and garage services.

Goodwill
Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is 10 years from the transition date to FRS 102. Provision is made for any impairment.

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 each asset over its estimated useful life.
Short leasehold - Over term of lease
Plant and machinery - 10% on cost
Motor vehicles - 25% on reducing balance
Website - Straight line over 3 years

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured as amortised cost using the effective interest rate method, less impairment.

Taxation
Taxation for the period 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.


ST CHRISTOPHERS BOURNEMOUTH LIMITED (REGISTERED NUMBER: 08070984)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 January 2023 to 30 June 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 period 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 period was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 30 June 2024 84,000
AMORTISATION
At 1 January 2023 67,200
Charge for period 12,600
At 30 June 2024 79,800
NET BOOK VALUE
At 30 June 2024 4,200
At 31 December 2022 16,800

5. TANGIBLE FIXED ASSETS
Short Plant and Motor
leasehold machinery vehicles Website Totals
£    £    £    £    £   
COST
At 1 January 2023 66,937 88,130 8,600 7,440 171,107
Additions 38,818 - 35,245 - 74,063
Disposals - - (4,000 ) - (4,000 )
At 30 June 2024 105,755 88,130 39,845 7,440 241,170
DEPRECIATION
At 1 January 2023 19,982 49,375 3,564 413 73,334
Charge for period 13,368 11,141 10,422 3,720 38,651
Eliminated on disposal - - (2,055 ) - (2,055 )
At 30 June 2024 33,350 60,516 11,931 4,133 109,930
NET BOOK VALUE
At 30 June 2024 72,405 27,614 27,914 3,307 131,240
At 31 December 2022 46,955 38,755 5,036 7,027 97,773

ST CHRISTOPHERS BOURNEMOUTH LIMITED (REGISTERED NUMBER: 08070984)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 January 2023 to 30 June 2024

6. STOCKS
2024 2022
£    £   
Parts stock 47,150 33,288
Vehicle stock - 194,486
Work-in-progress 107,523 107,523
154,673 335,297

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors 1,724 1,800
Prepayments and other debtors 169,597 139,785
171,321 141,585

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2022
value: £    £   
410,000 Ordinary £1 410,000 410,000

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts 102,386 100,866
Hire purchase contracts 3,088 6,266
Trade creditors 53,119 46,921
Taxation and social security 58,904 55,581
Other creditors 81,375 25,436
298,872 235,070

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2022
£    £   
Bank loans 14,803 29,920
Hire purchase contracts 4,269 -
Other creditors 118,592 253,648
137,664 283,568

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2022
£    £   
Bank overdrafts 92,246 91,097
Vehicle stocking loan - 214,813
92,246 305,910

The overdraft facility is secured by a debenture with a fixed and floating charge over all of the company's assets.

ST CHRISTOPHERS BOURNEMOUTH LIMITED (REGISTERED NUMBER: 08070984)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 January 2023 to 30 June 2024

12. OTHER FINANCIAL COMMITMENTS

Total commitments under operating leases amounted to £360,000 as at 30 June 2024(202:£118,750).