REGISTERED NUMBER: SC745274 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Brian Henderson Car Sales Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B Henderson

Mrs J M Henderson

REGISTERED OFFICE:

Scotston Villa

St Fergus

Peterhead

Aberdeenshire

AB42 3EP

REGISTERED NUMBER:

SC745274 (Scotland)

ACCOUNTANTS:

SBP

Accountants

27 Finlayson Street

Fraserburgh

Aberdeenshire

AB43 9JQ

FIXED ASSETS

Tangible assets

4

65,502

68,114

CURRENT ASSETS

Stocks

215,962

141,371

Debtors

5

54,403

62,765

Cash at bank

56,687

75,014

327,052

279,150

CREDITORS

Amounts falling due within one year

6

274,414

284,109

NET CURRENT ASSETS/(LIABILITIES)

52,638

(4,959

)

TOTAL ASSETS LESS CURRENT LIABILITIES

118,140

63,155

PROVISIONS FOR LIABILITIES

24,324

-

NET ASSETS

93,816

63,155

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

93,716

63,055

93,816

63,155

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2025 and were signed on its behalf by:

Mr B Henderson - Director

1.	STATUTORY INFORMATION

Brian Henderson Car Sales Ltd is a private company, limited by shares , registered in Scotland. 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.

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 machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 Statement of Income and Retained Earnings, 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.

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 6 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2023

67,766

918

12,136

168

80,988

Additions

13,687

550

-

-

14,237

At 30 September 2024

81,453

1,468

12,136

168

95,225

DEPRECIATION

At 1 October 2023

10,165

115

2,548

46

12,874

Charge for year

14,257

141

2,396

55

16,849

At 30 September 2024

24,422

256

4,944

101

29,723

NET BOOK VALUE

At 30 September 2024

57,031

1,212

7,192

67

65,502

At 30 September 2023

57,601

803

9,588

122

68,114

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

53,608

61,970

Other debtors

795

795

54,403

62,765

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade creditors

121,101

115,787

Taxation and social security

84,362

46,508

Other creditors

68,951

121,814

274,414

284,109

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors operate current accounts with the company and as at the financial year end the combined balance owing to them was £45,286 (2023: £82,811). Whilst the loans are considered short term, there are no fixed terms of repayment and no interest is accrued.

A separate loan account is also held and as at the financial year end the balance owing to the directors was £21,555 (2023: £35,230) which is repaid by way of combined monthly regular payments totalling £1,130.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr B Henderson.