Accounts filed on 31-03-2021

Accounts filed on 31-03-2021

GREAT BRITISH CAR JOURNEY LIMITED - Company Information

Print Friendly Version

12157114falseVisitor attraction2020-04-012021-03-31http://www.companieshouse.gov.uk/2020-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2020-03-31http://www.companieshouse.gov.uk/cd:Director12020-04-012021-03-31http://www.companieshouse.gov.uk/pt:SharePremium2020-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2021-03-31http://www.companieshouse.gov.uk/cd:Director22020-04-012021-03-31http://www.companieshouse.gov.uk/pt:SharePremium2021-03-31http://www.companieshouse.gov.uk/cd:Director32020-04-012021-03-31http://www.companieshouse.gov.uk/cd:Director42020-04-012021-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12020-04-012021-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2020-04-012021-03-31http://www.companieshouse.gov.uk/cd:Director52020-04-012021-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2020-04-012021-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2021-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2020-03-31http://www.companieshouse.gov.uk/2020-04-012021-03-31http://www.companieshouse.gov.uk/2020-03-31http://www.companieshouse.gov.uk/cd:FRS1022020-04-012021-03-31http://www.companieshouse.gov.uk/2021-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2020-04-012021-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2020-04-012021-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 12157114
Great British Car Journey Limited
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2021
Prepared By:
Paul Clixby Chartered Accountant
27 Hornyold Road
Malvern
WR14 1QQ
Great British Car Journey Limited
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2021
DIRECTORS
J R Usher
Mrs J E Taylor-Usher
E L Hoare
D Harrison
N Turley
REGISTERED OFFICE
The Byre, Horsecroft Lane
Winster
Matlock
Derbyshire
DE4 2AB
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 12157114
ACCOUNTANT
Paul Clixby Chartered Accountant
27 Hornyold Road
Malvern
WR14 1QQ
Great British Car Journey Limited
ACCOUNTS
FOR THEYEARENDED31 MARCH 2021
CONTENTS
Page
Directors' Report-
Accountant's Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Great British Car Journey Limited
BALANCE SHEET AT 31 March 2021
20212020
Notes££
FIXED ASSETS
Tangible assets3307,66993,513
CURRENT ASSETS
Debtors455,66746,841
Cash at bank and in hand196,2757,472
251,94254,313
CREDITORS: Amounts falling due within one year5276,22015,044
NET CURRENT (LIABILITIES) / ASSETS(24,278)39,269
TOTAL ASSETS LESS CURRENT LIABILITIES283,391132,782
CREDITORS: Amounts falling due after more than one year6445,248391,018
NET LIABILITIES(161,857)(258,236)
CAPITAL AND RESERVES
Called up share capital71,5751,000
Share premium account409,516-
Profit and loss account(572,948)(259,236)
SHAREHOLDERS' FUNDS(161,857)(258,236)
For the year ending 31 March 2021 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 19 October 2021 and signed on their behalf by
.............................
J R Usher
Director
Great British Car Journey Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2021
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
In addition to the shares issued during the year, further share capital in excess of £400,000 has been raised since the year-end, and the visitor attraction has opened with a comfortable working capital cushion. As a result, the accounts have been prepared on a going concern basis.
1c. Depreciation
Expenditure on leasehold improvements in 2020 has been written off due to the need for rectification work. Depreciation will be provided on the remaining tangible assets once the visitor attraction is open to the public.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20212020
No.No.
Average number of employees56
Great British Car Journey Limited
3. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachinery Etc.Total
£££
Cost
At 1 April 202056,96036,55393,513
Additions255,11016,006271,116
At 31 March 2021312,07052,559364,629
Depreciation
For the year56,960-56,960
At 31 March 202156,960-56,960
Net Book Amounts
At 31 March 2021255,11052,559307,669
At 31 March 202056,96036,55393,513
4. DEBTORS 20212020
££
Amounts falling due within one year:
Trade debtors592-
VAT25,57346,841
Other debtors29,502-
55,66746,841
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20212020
££
Bank loan7,698-
Trade creditors37,03912,344
Taxation and social security760-
Other creditors230,7232,700
276,22015,044
Great British Car Journey Limited
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20212020
££
Loans445,248228,980
Other creditors-162,038
445,248391,018
Included within loans are amounts of £59,700 (2020 £59,700) representing interest free loans from directors and £343,454 (2020 £169,280) being an interest free loan from a company controlled by directors. Under FRS 102 the latter is stated at a value to reflect an appropriate discount for the interest foregone
7. SHARE CAPITAL 20212020
££
Allotted, issued and fully paid:
63000 Ordinary shares of £0.025 each15751000
1,5751,000
New shares issued during period:
23000 Ordinary shares of £0.025 each5751000
5751,000
During the year the existing £1.00 shares were all converted to £0.025 shares.