Company Registration No. 01670835 (England and Wales)
B. & R. Cars Limited
Unaudited accounts
for the year ended 30 September 2021
B. & R. Cars Limited
Unaudited accounts
Contents
B. & R. Cars Limited
Company Information
for the year ended 30 September 2021
Directors
B Souten
L Souten
Company Number
01670835 (England and Wales)
Registered Office
123 Cross Lane East, Gravesend
Gravesend
Kent
DA12 5HA
Accountants
King & Taylor
123 Cross Lane East
Gravesend
Kent
DA12 5HA
B. & R. Cars Limited
Statement of financial position
as at
30 September 2021
Cash at bank and in hand
259
255
Creditors: amounts falling due within one year
(2,170)
(7,609)
Net current liabilities
(3,530)
(7,354)
Total assets less current liabilities
(3,530)
(7,354)
Creditors: amounts falling due after more than one year
(4,131)
-
Net liabilities
(7,661)
(7,354)
Called up share capital
100
100
Profit and loss account
(7,761)
(7,454)
Shareholders' funds
(7,661)
(7,354)
For the year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2022 and were signed on its behalf by
B Souten
Director
Company Registration No. 01670835
B. & R. Cars Limited
Notes to the Accounts
for the year ended 30 September 2021
B. & R. Cars Limited is a private company, limited by shares, registered in England and Wales, registration number 01670835. The registered office is 123 Cross Lane East, Gravesend, Gravesend, Kent, DA12 5HA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance Basis
Fixtures & fittings
20% Straight Line Basis
The financial statements have been prepared on a going concern basis as the directors have indicated they will continue to provide finance to meet ongoing costs.
4
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
At 30 September 2021
1,000
At 30 September 2021
1,000
B. & R. Cars Limited
Notes to the Accounts
for the year ended 30 September 2021
5
Debtors: amounts falling due within one year
2021
2020
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
869
-
Loans from directors
-
6,635
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).