Breckland Vehicle Specialists Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08777471 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2025

for

Breckland Vehicle Specialists Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S J Moore

Mr B Bryant

REGISTERED OFFICE:

Hereward Way

Weeting

Brandon

Suffolk

IP27 0QN

REGISTERED NUMBER:

08777471 (England and Wales)

ACCOUNTANTS:

TWR Accountants

The Old Registrars

57a High Street

Brandon

Suffolk

IP27 0AU

FIXED ASSETS

Tangible assets

4

38,688

31,634

CURRENT ASSETS

Stocks

604,762

382,879

Debtors

5

89,529

146,983

Cash at bank and in hand

68,834

49,965

763,125

579,827

CREDITORS

Amounts falling due within one year

6

196,018

194,615

NET CURRENT ASSETS

567,107

385,212

TOTAL ASSETS LESS CURRENT LIABILITIES

605,795

416,846

CREDITORS

Amounts falling due after more than one
year

7

489,807

318,683

NET ASSETS

115,988

98,163

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

115,888

98,063

115,988

98,163

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th December 2025 and were signed on its behalf by:

Mr B Bryant - Director

1.	STATUTORY INFORMATION

Breckland Vehicle Specialists Ltd 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.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

15% on reducing balance

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.

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 8 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

COST

At 1st April 2024

40,156

27,000

9,071

76,227

Additions

5,189

11,015

1,898

18,102

Disposals

-

(2,650

)

-

(2,650

)

At 31st March 2025

45,345

35,365

10,969

91,679

DEPRECIATION

At 1st April 2024

25,422

15,011

4,160

44,593

Charge for year

2,989

5,322

1,021

9,332

Eliminated on disposal

-

(934

)

-

(934

)

At 31st March 2025

28,411

19,399

5,181

52,991

NET BOOK VALUE

At 31st March 2025

16,934

15,966

5,788

38,688

At 31st March 2024

14,734

11,989

4,911

31,634

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

7,454

43,380

Other debtors

79,614

103,170

Prepayments

2,461

433

89,529

146,983

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

52,773

54,748

Tax

32,546

7,693

Social security and other taxes

4,103

2,619

VAT

28,073

27,197

Other creditors

43,982

55,211

Directors' loan accounts

11,952

14,125

Accrued expenses

22,589

33,022

196,018

194,615

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans - 2-5 years

489,807

318,683

8.	RELATED PARTY DISCLOSURES

During the year the company bought goods totalling £nil (2024: £85,250) from Car2trade Ltd, a company in which Mr S J Moore and Mr B Bryant are directors. Mr B Bryant is also a shareholder in Car2trade Ltd. During the year the company sold goods and services totalling £nil (2024: £14,101) to Car2trade Ltd. During the year the company loaned monies totalling £nil (2024: £7,624) to Car2trade Ltd. At the balance sheet date the company owed £32,853 (2024: £46,856) to Car2trade Ltd.

During the year the company bought goods totalling £33,250 (2024: £9,000) from Emporium Car Sales Ltd, a company in which Mr S J Moore is also a director and shareholder. During the year the company sold goods and services totalling £282,070 (2024: £52,380) to Emporium Car Sales Ltd. During the year the company repaid loan monies totalling £nil (2024: £905) to Emporium Car Sales Ltd. At the balance sheet date the company owed £8,340 (2024: £6,917) to Emporium Car Sales Ltd.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors collectively by virtue of their 100% shareholding in the parent company Autoshares Ltd.