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REGISTERED NUMBER: 03609357 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Brian Plowright Car Sales Limited

Brian Plowright Car Sales Limited (Registered number: 03609357)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brian Plowright Car Sales Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: B O Plowright
Mrs G C Plowright
K C Washer



SECRETARY: Mrs G C Plowright



REGISTERED OFFICE: 29 St Audries Close
Lime Street
Stogursey
Bridgwater
Somerset
TA5 1QU



REGISTERED NUMBER: 03609357 (England and Wales)



BANKERS: Barclays Bank
Customer Services
Business Banking
Leicestershire
LE87 BB

Brian Plowright Car Sales Limited (Registered number: 03609357)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 535,809 456,957

CURRENT ASSETS
Stocks 137,550 192,536
Debtors 5 121,126 94,728
Cash at bank 1,143,827 1,168,663
1,402,503 1,455,927
CREDITORS
Amounts falling due within one year 6 55,819 116,273
NET CURRENT ASSETS 1,346,684 1,339,654
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,882,493

1,796,611

PROVISIONS FOR LIABILITIES 70,000 65,000
NET ASSETS 1,812,493 1,731,611

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Share premium 227,664 227,664
Retained earnings 1,564,829 1,483,947
1,812,493 1,731,611

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

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

Brian Plowright Car Sales Limited (Registered number: 03609357)

Balance Sheet - continued
30 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 Board of Directors and authorised for issue on 23 June 2025 and were signed on its behalf by:





B O Plowright - Director


Brian Plowright Car Sales Limited (Registered number: 03609357)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Brian Plowright Car Sales 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Costs includes costs directly attributable to making the asset capable of operating as intended by management.

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.

Brian Plowright Car Sales Limited (Registered number: 03609357)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property equipment vehicles Totals
£    £    £    £   
COST
At 1 October 2023 91,624 24,564 667,507 783,695
Additions - 1,143 142,914 144,057
Disposals - - (52,546 ) (52,546 )
At 30 September 2024 91,624 25,707 757,875 875,206
DEPRECIATION
At 1 October 2023 91,624 23,760 211,354 326,738
Charge for year - 487 44,718 45,205
Eliminated on disposal - - (32,546 ) (32,546 )
At 30 September 2024 91,624 24,247 223,526 339,397
NET BOOK VALUE
At 30 September 2024 - 1,460 534,349 535,809
At 30 September 2023 - 804 456,153 456,957

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 121,126 94,728

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13,177 18,029
Tax 5,449 5,847
Social security and other taxes 22,743 15,314
Directors' current accounts 10,950 74,083
Accrued expenses 3,500 3,000
55,819 116,273