Broughton Airport & Contract Cars Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04534842

BROUGHTON AIRPORT & CONTRACT CARS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

BROUGHTON AIRPORT & CONTRACT CARS LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Goodwill	5	2,252	3,003
Tangible assets	6	7,813	6,239
		--------	-------
		10,065	9,242

CURRENT ASSETS

Debtors	7	7,167	6,941
Cash at bank and in hand		1,095	9,225
		-------	--------
		8,262	16,166

CREDITORS: amounts falling due within one year	8	17,604		18,343
		--------		--------
NET CURRENT LIABILITIES			9,342		2,177
			--------		-------
TOTAL ASSETS LESS CURRENT LIABILITIES			723		7,065

CREDITORS: amounts falling due after more than one year	9		2,334		6,333

PROVISIONS	652	1,560
	-------	-------
NET LIABILITIES	( 2,263)	( 828)
	-------	-------

CAPITAL AND RESERVES

Called up share capital fully paid	1	1
Profit and loss account	( 2,264)	( 829)
	-------	----
SHAREHOLDERS DEFICIT	( 2,263)	( 828)
	-------	----

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 .

BROUGHTON AIRPORT & CONTRACT CARS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 10 December 2025 , and are signed on behalf of the board by:

Mr A Foster

Director

Company registration number: 04534842

BROUGHTON AIRPORT & CONTRACT CARS 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 Headlands House, 1 Kings Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6WJ.

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

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

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.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	4% straight line

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. 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:

Office equipment	-	14% straight line
Motor vehicles	-	25% reducing balance
Computer equipment	-	33% straight line

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.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 2 (2024: 1 ).

5. GOODWILL

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	11,730
	--------
Amortisation
At 1 April 2024	8,727
Charge for the year	751
	--------
At 31 March 2025	9,478
	--------
Carrying amount
At 31 March 2025	2,252
	--------
At 31 March 2024	3,003
	--------

6. TANGIBLE ASSETS

	Office equipment	Motor vehicles	Computer equipment	Total
	£	£	£	£
Cost
At 1 April 2024	5,129	46,471	2,669	54,269
Additions	6,122	–	1,248	7,370
Disposals	–	( 27,653)	–	( 27,653)
	--------	--------	-------	--------
At 31 March 2025	11,251	18,818	3,917	33,986
	--------	--------	-------	--------
Depreciation
At 1 April 2024	5,073	40,288	2,669	48,030
Charge for the year	968	591	416	1,975
Disposals	–	( 23,832)	–	( 23,832)
	--------	--------	-------	--------
At 31 March 2025	6,041	17,047	3,085	26,173
	--------	--------	-------	--------
Carrying amount
At 31 March 2025	5,210	1,771	832	7,813
	--------	--------	-------	--------
At 31 March 2024	56	6,183	–	6,239
	--------	--------	-------	--------

7. DEBTORS

	2025	2024
	£	£
Trade debtors	7,167	6,941
	-------	-------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	4,484	4,000
Trade creditors	2,601	2,147
Corporation tax	402	4,919
Social security and other taxes	1,223	3,488
Other creditors	8,894	3,789
	--------	--------
	17,604	18,343
	--------	--------

Included within other creditors are amounts totalling £nil (2024 - £2,620) relating to hire purchase agreements which are secured by the company.

9. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	2,334	6,333
	-------	-------