Company Registration No. 08976237 (England and Wales)
The Car Barns Group Ltd
Unaudited accounts
for the year ended 30 April 2022
The Car Barns Group Ltd
Unaudited accounts
Contents
The Car Barns Group Ltd
Company Information
for the year ended 30 April 2022
Directors
Mr T H Boler
Mrs N Boler
Company Number
08976237 (England and Wales)
Registered Office
Moreton House
31 High Street
Buckingham
Buckinghamshire
MK18 1NU
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
The Car Barns Group Ltd
Statement of financial position
as at 30 April 2022
Tangible assets
39,723
31,060
Inventories
1,122,696
770,590
Cash at bank and in hand
277,234
373,088
Creditors: amounts falling due within one year
(251,076)
(245,928)
Net current assets
1,328,855
1,130,329
Total assets less current liabilities
1,368,578
1,161,389
Provisions for liabilities
Deferred tax
(5,571)
(3,925)
Net assets
1,363,007
1,157,464
Called up share capital
1,939,737
1,939,737
Profit and loss account
(576,730)
(782,273)
Shareholders' funds
1,363,007
1,157,464
For the year ending 30 April 2022 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 October 2022 and were signed on its behalf by
Mr T H Boler
Director
Company Registration No. 08976237
The Car Barns Group Ltd
Notes to the Accounts
for the year ended 30 April 2022
The Car Barns Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 08976237. The registered office is Moreton House, 31 High Street, Buckingham, Buckinghamshire, MK18 1NU.
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.
The accounts are presented in £ sterling.
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:
Plant & machinery
25% Straight Line
Fixtures & fittings
25% Reducing balance
Computer equipment
4 Years Straight Line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2021
500
25,415
8,144
34,059
Additions
686
13,060
2,809
16,555
At 30 April 2022
1,186
38,475
10,953
50,614
At 1 May 2021
31
1,389
1,579
2,999
Charge for the year
178
5,383
2,331
7,892
At 30 April 2022
209
6,772
3,910
10,891
At 30 April 2022
977
31,703
7,043
39,723
At 30 April 2021
469
24,026
6,565
31,060
The Car Barns Group Ltd
Notes to the Accounts
for the year ended 30 April 2022
Amounts falling due within one year
Trade debtors
170,156
82,903
Accrued income and prepayments
1,508
-
Other debtors
8,337
149,676
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
132,945
71,372
Taxes and social security
21,120
36,343
Other creditors
257
138,213
Loans from directors
48,473
-
7
Average number of employees
During the year the average number of employees was 4 (2021: 4).
