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REGISTERED NUMBER: 05404856 (England and Wales)

























Unaudited Financial Statements for the Year Ended 31 August 2024

for

Briant Tyres and Exhausts Limited

Briant Tyres and Exhausts Limited (Registered number: 05404856)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Briant Tyres and Exhausts Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: A R G Elliott
B R Bleaken





SECRETARY: Mrs A P Bleaken





REGISTERED OFFICE: The Mews
Hounds Road
Chipping Sodbury
Bristol
BS37 6EE





REGISTERED NUMBER: 05404856 (England and Wales)





ACCOUNTANTS: Dolman's Chartered Accountants
The Mews
Hounds Road
Chipping Sodbury
Bristol
BS37 6EE

Briant Tyres and Exhausts Limited (Registered number: 05404856)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 272,054 264,091
272,054 264,091

CURRENT ASSETS
Stocks 162,449 147,502
Debtors 6 515,624 526,152
Cash at bank and in hand 119,319 53,615
797,392 727,269
CREDITORS
Amounts falling due within one year 7 1,007,720 941,098
NET CURRENT LIABILITIES (210,328 ) (213,829 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,726

50,262

CREDITORS
Amounts falling due after more than one
year

8

(32,605

)

(16,856

)

PROVISIONS FOR LIABILITIES (17,369 ) (24,358 )
NET ASSETS 11,752 9,048

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 11,748 9,044
SHAREHOLDERS' FUNDS 11,752 9,048

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

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

Briant Tyres and Exhausts Limited (Registered number: 05404856)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:





B R Bleaken - Director


Briant Tyres and Exhausts Limited (Registered number: 05404856)

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

1. STATUTORY INFORMATION

Briant Tyres and Exhausts 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

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.

Goodwill
Goodwill, paid in connection with the acquisition of businesses in 2007 has been fully amortised
Goodwill relating to the acquisition of further branches in 2013 has been fully amortised.

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.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 28 ) .

Briant Tyres and Exhausts Limited (Registered number: 05404856)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 23,000
AMORTISATION
At 1 September 2023
and 31 August 2024 23,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 411,588 333,481 59,261
Additions 26,520 10,950 -
At 31 August 2024 438,108 344,431 59,261
DEPRECIATION
At 1 September 2023 245,938 283,273 44,533
Charge for year 48,043 15,289 3,682
At 31 August 2024 293,981 298,562 48,215
NET BOOK VALUE
At 31 August 2024 144,127 45,869 11,046
At 31 August 2023 165,650 50,208 14,728

Briant Tyres and Exhausts Limited (Registered number: 05404856)

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

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 290,904 30,148 1,125,382
Additions 61,175 - 98,645
At 31 August 2024 352,079 30,148 1,224,027
DEPRECIATION
At 1 September 2023 261,689 25,858 861,291
Charge for year 22,597 1,071 90,682
At 31 August 2024 284,286 26,929 951,973
NET BOOK VALUE
At 31 August 2024 67,793 3,219 272,054
At 31 August 2023 29,215 4,290 264,091

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 125,334 149,967
Other debtors 348,168 334,063
473,502 484,030

Amounts falling due after more than one year:
Other debtors 42,122 42,122

Aggregate amounts 515,624 526,152

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 22,578 19,744
Hire purchase contracts (see note 10) 24,366 2,226
Trade creditors 772,662 733,228
Taxation and social security 166,468 163,478
Other creditors 21,646 22,422
1,007,720 941,098

Briant Tyres and Exhausts Limited (Registered number: 05404856)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 9,146 16,856
Hire purchase contracts (see note 10) 23,459 -
32,605 16,856

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 22,578 19,744

Amounts falling due between two and five years:
Bank loans - 2-5 years 9,146 16,856

The bank loan is secured by a fixed and floating charge over the assets of the company.

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 24,366 2,226
Between one and five years 23,459 -
47,825 2,226

Non-cancellable operating leases
2024 2023
£    £   
Within one year 166,100 168,000
Between one and five years 261,200 344,000
In more than five years 10,000 50,000
437,300 562,000

Briant Tyres and Exhausts Limited (Registered number: 05404856)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
A R G Elliott
Balance outstanding at start of year 134,446 107,960
Amounts advanced 16,547 82,986
Amounts repaid - (56,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 150,993 134,446

B R Bleaken
Balance outstanding at start of year 111,215 108,236
Amounts advanced - 59,479
Amounts repaid (1,006 ) (56,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 110,209 111,215

The loan account was charged interest using HM Revenue and Customs official rates of interest. The loans are unsecured and repayable on demand.