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BRAIBURN MOTORS LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024






BRAIBURN MOTORS LIMITED (REGISTERED NUMBER: 04079329)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRAIBURN MOTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTOR: I Brain





REGISTERED OFFICE: 2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ





REGISTERED NUMBER: 04079329 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

BRAIBURN MOTORS LIMITED (REGISTERED NUMBER: 04079329)

BALANCE SHEET
30TH SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 172,614 173,007

CURRENT ASSETS
Stocks 133,178 135,260
Debtors 6 8,709 5,735
Cash at bank and in hand 126,295 155,030
268,182 296,025
CREDITORS
Amounts falling due within one year 7 22,478 44,101
NET CURRENT ASSETS 245,704 251,924
TOTAL ASSETS LESS CURRENT
LIABILITIES

418,318

424,931

CREDITORS
Amounts falling due after more than one
year

8

(176,381

)

(186,479

)

PROVISIONS FOR LIABILITIES (75 ) (165 )
NET ASSETS 241,862 238,287

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 241,861 238,286
SHAREHOLDERS' FUNDS 241,862 238,287

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

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

BRAIBURN MOTORS LIMITED (REGISTERED NUMBER: 04079329)

BALANCE SHEET - continued
30TH SEPTEMBER 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 31st March 2025 and were signed by:





I Brain - Director


BRAIBURN MOTORS LIMITED (REGISTERED NUMBER: 04079329)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Braiburn Motors 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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Short leasehold - in accordance with the property
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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.

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.

BRAIBURN MOTORS LIMITED (REGISTERED NUMBER: 04079329)

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1st October 2023 170,380 25,018 7,892
Additions - - -
At 30th September 2024 170,380 25,018 7,892
DEPRECIATION
At 1st October 2023 - 25,018 6,618
Charge for year - - 318
At 30th September 2024 - 25,018 6,936
NET BOOK VALUE
At 30th September 2024 170,380 - 956
At 30th September 2023 170,380 - 1,274

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st October 2023 12,869 600 216,759
Additions - 350 350
At 30th September 2024 12,869 950 217,109
DEPRECIATION
At 1st October 2023 11,853 263 43,752
Charge for year 254 171 743
At 30th September 2024 12,107 434 44,495
NET BOOK VALUE
At 30th September 2024 762 516 172,614
At 30th September 2023 1,016 337 173,007

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,428 188
Prepayments 7,281 5,547
8,709 5,735

BRAIBURN MOTORS LIMITED (REGISTERED NUMBER: 04079329)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 6,389 6,389
Trade creditors 6,703 5,850
Tax 3,257 19,696
VAT 915 7,937
Other creditors 1,108 1,004
Accrued expenses 4,106 3,225
22,478 44,101

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-2 years 4,331 6,389
Bank loans - 2-5 years - 3,980
Directors Current Account 172,050 176,110
176,381 186,479