REGISTERED NUMBER: 12867161 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Braceys Motors Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

15,384

4,785

CURRENT ASSETS

Stocks

212,585

117,669

Debtors

5

35,827

24,349

Cash at bank

22,846

1,563

271,258

143,581

CREDITORS

Amounts falling due within one year

6

192,612

123,673

NET CURRENT ASSETS

78,646

19,908

TOTAL ASSETS LESS CURRENT LIABILITIES

94,030

24,693

PROVISIONS FOR LIABILITIES

2,923

958

NET ASSETS

91,107

23,735

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

91,007

23,635

SHAREHOLDERS' FUNDS

91,107

23,735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 December 2025 and were signed by:

Mr A Bracey - Director

1.	STATUTORY INFORMATION

Braceys Motors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

12867161

Registered office:

Unit 1, Ashbrook Stevenage Road

St Ippolyts

Hitchin

Hertfordshire

SG4 7JY

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks compromise motor vehicles held for resale. Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, in accordance with FRS 102 Section 13. The cost of stock includes the purchase price of vehicles plus directly attributable costs incurred in acquiring the vehicles, such as auction fees, buyer's premiums, transportation costs and valeting costs necessary to prepare the vehicles for sale.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

-

7,150

97

7,247

Additions

12,500

-

255

12,755

At 31 March 2025

12,500

7,150

352

20,002

DEPRECIATION

At 1 April 2024

-

2,228

234

2,462

Charge for year

833

1,231

92

2,156

At 31 March 2025

833

3,459

326

4,618

NET BOOK VALUE

At 31 March 2025

11,667

3,691

26

15,384

At 31 March 2024

-

4,922

(137

)

4,785

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

10,592

1,206

Other debtors

25,235

23,143

35,827

24,349

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

771

661

Tax

21,439

1,803

Social security and other taxes

4,844

3,342

VAT

5,708

4,567

Other creditors

152,575

93,462

Pension creditor

63

127

Directors' current accounts

4,535

19,031

Accrued expenses

2,677

680

192,612

123,673

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary shares

£1

100

100

8.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £4,535 (2024: £19,031) to Mr A Bracey, the director of the company. Interest is being charged on this loan at a rate of 10% per annum and the loan is repayable on demand.

At the balance sheet date the company was owed £25,235 (2024: £23,143) by Bracey's Pizza and Pasta Limited, a company which Mr A Bracey is a director and shareholder of. This loan is provided interest free and is repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A Bracey.