Brookline Cars Limited - Filleted accounts

Registered number

01422441

Brookline Cars Limited

Unaudited Filleted Accounts

31 March 2026

Brookline Cars Limited
Registered number:		01422441
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		644,407			723,619

Current assets
Stocks		1,962			1,962
Debtors	4	67,948			71,140
Cash at bank and in hand		53,393			80,621
		123,303			153,723

Creditors: amounts falling due within one year	5	(58,947)			(118,291)

Net current assets			64,356			35,432

Total assets less current liabilities			708,763			759,051

Creditors: amounts falling due after more than one year	6		(73,978)			(95,159)



Net assets			634,785			663,892

Capital and reserves
Called up share capital			9,500			9,500
Revaluation reserve	7		2,085			2,085
Profit and loss account			623,200			652,307

Shareholders' funds			634,785			663,892

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Mark N Dunn
Director
Approved by the board on 12 August 2026

Brookline Cars Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Land and buildings			No depreciation or revaluation
	Computer equipment			33% reducing balance
	Fixtures and fittings			15% reducing balance
	Buses, coaches and motor vehicles			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					5		10


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2025	434,989		71,717		1,302,239		1,808,945
	Additions	-		-		29,158		29,158
	Disposals	-		-		(196,136)		(196,136)
	At 31 March 2026	434,989		71,717		1,135,261		1,641,967

	Depreciation
	At 1 April 2025	-		64,944		1,020,382		1,085,326
	Charge for the year	-		1,050		67,898		68,948
	On disposals	-		-		(156,714)		(156,714)
	At 31 March 2026	-		65,994		931,566		997,560

	Net book value
	At 31 March 2026	434,989		5,723		203,695		644,407
	At 31 March 2025	434,989		6,773		281,857		723,619


4	Debtors					2026		2025
£							£

	Trade debtors					67,948		71,140


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					11,906		11,906
	CBILS					-		43,875
	Obligations under finance lease and hire purchase contracts					25,902		25,927
	Trade creditors					8,054		10,987
	Taxation and social security costs					10,660		22,896
	Other creditors					2,425		2,700
						58,947		118,291


6	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					38,673		50,579
	Obligations under finance lease and hire purchase contracts					35,305		44,580
						73,978		95,159


7	Revaluation reserve					2026		2025
£							£

	At 1 April 2025					2,085		2,085

	At 31 March 2026					2,085		2,085


8	Other information

	Brookline Cars Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 11
	Princes Drive Industrial Estate
	Kenilworth
	CV8 2FD