10 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 250,000 250,000 xbrli:pure xbrli:shares iso4217:GBP 06452622 2024-01-01 2024-12-31 06452622 2024-12-31 06452622 2023-12-31 06452622 2023-01-01 2023-12-31 06452622 2023-12-31 06452622 2022-12-31 06452622 core:PlantMachinery 2024-01-01 2024-12-31 06452622 core:FurnitureFittings 2024-01-01 2024-12-31 06452622 core:MotorVehicles 2024-01-01 2024-12-31 06452622 bus:Director1 2024-01-01 2024-12-31 06452622 core:NetGoodwill 2024-12-31 06452622 core:PlantMachinery 2023-12-31 06452622 core:FurnitureFittings 2023-12-31 06452622 core:MotorVehicles 2023-12-31 06452622 core:PlantMachinery 2024-12-31 06452622 core:FurnitureFittings 2024-12-31 06452622 core:MotorVehicles 2024-12-31 06452622 core:WithinOneYear 2024-12-31 06452622 core:WithinOneYear 2023-12-31 06452622 core:AfterOneYear 2024-12-31 06452622 core:AfterOneYear 2023-12-31 06452622 core:ShareCapital 2024-12-31 06452622 core:ShareCapital 2023-12-31 06452622 core:RetainedEarningsAccumulatedLosses 2024-12-31 06452622 core:RetainedEarningsAccumulatedLosses 2023-12-31 06452622 core:PlantMachinery 2023-12-31 06452622 core:FurnitureFittings 2023-12-31 06452622 core:MotorVehicles 2023-12-31 06452622 bus:SmallEntities 2024-01-01 2024-12-31 06452622 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 06452622 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06452622 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06452622 bus:FullAccounts 2024-01-01 2024-12-31 06452622 core:NetGoodwill 2024-01-01 2024-12-31 06452622 core:OfficeEquipment 2024-01-01 2024-12-31 06452622 core:OfficeEquipment 2023-12-31 06452622 core:OfficeEquipment 2024-12-31 06452622 1 2024-01-01 2024-12-31
COMPANY REGISTRATION NUMBER: 06452622
Brandon Car Centre Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2024
Brandon Car Centre Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
6
153,439
231,689
Current assets
Stocks
322,236
535,757
Debtors
7
25,443
101,883
Cash at bank and in hand
566,686
474,173
---------
------------
914,365
1,111,813
Creditors: amounts falling due within one year
8
461,485
471,592
---------
------------
Net current assets
452,880
640,221
---------
---------
Total assets less current liabilities
606,319
871,910
Creditors: amounts falling due after more than one year
9
62,973
310,377
Provisions
Taxation including deferred tax
28,530
45,513
---------
---------
Net assets
514,816
516,020
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
514,716
515,920
---------
---------
Shareholders funds
514,816
516,020
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Brandon Car Centre Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 4 June 2025 , and are signed on behalf of the board by:
Mr D J Freeman
Director
Company registration number: 06452622
Brandon Car Centre Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ground Floor, 3 Wellbrook Court, Girton, Cambridge, CB3 0NA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss accounts represents vehicles sold and work done during the year, exclusive of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset.
Goodwill
-
fully depreciated
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Fixtures and fittings
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
15% reducing balance
Stocks
Stocks are valued at the lower of cost, based on purchase price, and net realisable value, after making due allowance for obsolete and slow moving items.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 10 (2023: 10 ).
5. Intangible assets
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
250,000
---------
Amortisation
At 1 January 2024 and 31 December 2024
250,000
---------
Carrying amount
At 31 December 2024
---------
At 31 December 2023
---------
6. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 January 2024
117,856
23,181
187,830
20,346
349,213
Additions
7,678
1,899
37,315
46,892
Disposals
( 109,992)
( 109,992)
---------
--------
---------
--------
---------
At 31 December 2024
125,534
25,080
115,153
20,346
286,113
---------
--------
---------
--------
---------
Depreciation
At 1 January 2024
62,374
12,735
29,131
13,284
117,524
Charge for the year
8,923
1,835
26,544
1,060
38,362
Disposals
( 23,212)
( 23,212)
---------
--------
---------
--------
---------
At 31 December 2024
71,297
14,570
32,463
14,344
132,674
---------
--------
---------
--------
---------
Carrying amount
At 31 December 2024
54,237
10,510
82,690
6,002
153,439
---------
--------
---------
--------
---------
At 31 December 2023
55,482
10,446
158,699
7,062
231,689
---------
--------
---------
--------
---------
7. Debtors
2024
2023
£
£
Trade debtors
11,086
89,291
Other debtors
14,357
12,592
--------
---------
25,443
101,883
--------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,397
10,140
Trade creditors
90,220
354,090
Social security and other taxes
82,342
94,086
Other creditors
278,526
13,276
---------
---------
461,485
471,592
---------
---------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
4,409
14,806
Other creditors
58,564
295,571
--------
---------
62,973
310,377
--------
---------
10. Other financial commitments
The total commitments, contingencies and guarantees at the year end was £ 31,856 (2023: £ 29,000 ).
11. Events after the end of the reporting period
On 31 March 2025, the company repurchased 50 of its own shares for £95,993.