Brewster Motors (Essex) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00878440

Brewster Motors (Essex) Limited

Filleted Unaudited Financial Statements

31 March 2025

Brewster Motors (Essex) Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Brewster Motors (Essex) Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		62,565		28,392

Current assets

Stocks		31,697	28,664
Debtors	6	244,941	323,023
Cash at bank and in hand		213,301	36,272
		---------	---------
		489,939	387,959

Creditors: amounts falling due within one year	7	215,477		171,130
		---------		---------
Net current assets			274,462		216,829
			---------		---------
Total assets less current liabilities			337,027		245,221

Creditors: amounts falling due after more than one year	8		18,788		–

Provisions

Taxation including deferred tax	9	12,729	4,000
		---------	---------
Net assets		305,510	241,221
		---------	---------

Capital and reserves

Called up share capital	11	610	610
Share premium account		900	900
Capital redemption reserve		7,974	7,974
Profit and loss account		296,026	231,737
		---------	---------
Shareholders funds		305,510	241,221
		---------	---------

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 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Brewster Motors (Essex) Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 3 September 2025 , and are signed on behalf of the board by:

G Brewster

Director

Company registration number: 00878440

Brewster Motors (Essex) Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Temple Wood, Stock Road, West Hanningfield, Chelmsford, Essex, CM2 8LA.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:

Leasehold property improvements	-	10% straight line
Plant and machinery	-	15% and 25% reducing balance
Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 18 (2024: 21 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024	49,602	160,241	88,580	298,423
Additions	–	806	47,555	48,361
	--------	---------	---------	---------
At 31 March 2025	49,602	161,047	136,135	346,784
	--------	---------	---------	---------
Depreciation
At 1 April 2024	49,602	142,555	77,874	270,031
Charge for the year	–	4,576	9,612	14,188
	--------	---------	---------	---------
At 31 March 2025	49,602	147,131	87,486	284,219
	--------	---------	---------	---------
Carrying amount
At 31 March 2025	–	13,916	48,649	62,565
	--------	---------	---------	---------
At 31 March 2024	–	17,686	10,706	28,392
	--------	---------	---------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	190,459	192,778
Prepayments and accrued income	45,022	28,187
Directors loan account	–	98,752
Other debtors	9,460	3,306
	---------	---------
	244,941	323,023
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	98,282	82,876
Accruals and deferred income	4,305	4,200
Corporation tax	24,896	26,017
Social security and other taxes	68,635	57,852
Obligations under finance leases and hire purchase contracts	12,525	–
Director loan accounts	2,205	–
Other creditors	4,629	185
	---------	---------
	215,477	171,130
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Obligations under finance leases and hire purchase contracts	18,788	–
	--------	----

9. Provisions

	Deferred tax (note 10)
	£
At 1 April 2024	4,000
Additions	8,729
	--------
At 31 March 2025	12,729
	--------

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 9)	12,729	4,000
	--------	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	12,729	4,000
	--------	-------

11. Called up share capital

Authorised share capital

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	10,000	10,000	10,000	10,000
	--------	--------	--------	--------

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	610	610	610	610
	----	----	----	----

12. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	101,210	96,365
Later than 1 year and not later than 5 years	225,753	78,247
	---------	---------
	326,963	174,612
	---------	---------

13. Directors' advances, credits and guarantees

At the year end Mr G Brewster and Mrs M Brewster owed the company £Nil (2024 - £98,752) which is shown amongst debtors. The loans were repaid within 9 months of the year end.

14. Related party transactions

At the year end the company owed its directors £2,205 (2024 - £Nil) which is shown amongst creditors.