Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31falsetruetrue2023-11-01No description of principal activity11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC088639 2023-11-01 2024-10-31 SC088639 2022-11-01 2023-10-31 SC088639 2024-10-31 SC088639 2023-10-31 SC088639 c:CompanySecretary1 2023-11-01 2024-10-31 SC088639 c:Director1 2023-11-01 2024-10-31 SC088639 c:RegisteredOffice 2023-11-01 2024-10-31 SC088639 d:PlantMachinery 2023-11-01 2024-10-31 SC088639 d:PlantMachinery 2024-10-31 SC088639 d:PlantMachinery 2023-10-31 SC088639 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC088639 d:MotorVehicles 2023-11-01 2024-10-31 SC088639 d:MotorVehicles 2024-10-31 SC088639 d:MotorVehicles 2023-10-31 SC088639 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC088639 d:FurnitureFittings 2023-11-01 2024-10-31 SC088639 d:FurnitureFittings 2024-10-31 SC088639 d:FurnitureFittings 2023-10-31 SC088639 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC088639 d:OfficeEquipment 2023-11-01 2024-10-31 SC088639 d:OfficeEquipment 2024-10-31 SC088639 d:OfficeEquipment 2023-10-31 SC088639 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC088639 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC088639 d:CurrentFinancialInstruments 2024-10-31 SC088639 d:CurrentFinancialInstruments 2023-10-31 SC088639 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 SC088639 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 SC088639 d:ShareCapital 2024-10-31 SC088639 d:ShareCapital 2023-10-31 SC088639 d:RetainedEarningsAccumulatedLosses 2024-10-31 SC088639 d:RetainedEarningsAccumulatedLosses 2023-10-31 SC088639 c:OrdinaryShareClass1 2023-11-01 2024-10-31 SC088639 c:OrdinaryShareClass1 2024-10-31 SC088639 c:OrdinaryShareClass1 2023-10-31 SC088639 c:FRS102 2023-11-01 2024-10-31 SC088639 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC088639 c:FullAccounts 2023-11-01 2024-10-31 SC088639 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC088639 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC088639










BRECHIN MOTOR COMPANY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

 
BRECHIN MOTOR COMPANY LIMITED
 

COMPANY INFORMATION


DIRECTOR
Mr W E Callander 




COMPANY SECRETARY
Mrs M Callander



REGISTERED NUMBER
SC088639



REGISTERED OFFICE
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
BRECHIN MOTOR COMPANY LIMITED
REGISTERED NUMBER: SC088639

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
10,148
7,536

  
10,148
7,536

CURRENT ASSETS
  

Stocks
  
11,751
26,695

Debtors: amounts falling due within one year
 5 
3,497
3,203

Cash at bank and in hand
  
164,861
122,434

  
180,109
152,332

Creditors: amounts falling due within one year
 6 
(105,317)
(110,528)

NET CURRENT ASSETS
  
 
 
74,792
 
 
41,804

TOTAL ASSETS LESS CURRENT LIABILITIES
  
84,940
49,340

  

NET ASSETS
  
84,940
49,340


CAPITAL AND RESERVES
  

Called up share capital 
 7 
690,000
690,000

Profit and loss account
  
(605,060)
(640,660)

  
84,940
49,340


Page 1

 
BRECHIN MOTOR COMPANY LIMITED
REGISTERED NUMBER: SC088639

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 March 2025.





Mr W E Callander
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BRECHIN MOTOR COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


GENERAL INFORMATION

Brechin Motor Company is a private company, limited by shares, incorporated in Scotland with the registration number SC088639. The registered office is Westby, 64 West High Street, Forfar, DD8 1BJ and the principal place of business is Carseview Road, Forfar, DD8 3NG.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
BRECHIN MOTOR COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and Machinery
-
15.00%
Trailers
-
12.50%
Equipment
-
10.00%
Motor Vehicles
-
20.00%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
BRECHIN MOTOR COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


TANGIBLE FIXED ASSETS





Plant and Machinery
Trailers
Fixtures & Fittings
Motor vehicles
Total

£
£
£
£
£



COST OR VALUATION


At 1 November 2023
15,600
8,238
1,816
1,000
26,654


Additions
-
5,000
-
-
5,000


Disposals
-
(2,620)
-
-
(2,620)



At 31 October 2024

15,600
10,618
1,816
1,000
29,034



DEPRECIATION


At 1 November 2023
11,055
6,069
1,506
488
19,118


Charge for the year on owned assets
682
801
31
102
1,616


Disposals
-
(1,848)
-
-
(1,848)



At 31 October 2024

11,737
5,022
1,537
590
18,886



NET BOOK VALUE



At 31 October 2024
3,863
5,596
279
410
10,148



At 31 October 2023
4,545
2,169
310
512
7,536


5.


DEBTORS

2024
2023
£
£


Trade debtors
3,497
3,203

3,497
3,203



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
8,845
12,524

Other taxation and social security
1,610
1,218

Other creditors
92,769
94,693

Accruals and deferred income
2,093
2,093

105,317
110,528


Page 5

 
BRECHIN MOTOR COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



690,000 (2023 - 690,000) Ordinary shares of £1.00 each
690,000
690,000



Page 6