Battery Group Limited - Accounts

Battery Group Limited - Accounts

BATTERY GROUP LIMITED - Company Information

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Registered Number: 12126584
England and Wales

 

 

 

BATTERY GROUP LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

Battery Group Limited
Contents Page
For the year ended 31 December 2022
Directors Jordan William Garland
Elizabeth Mary Garland
Registered Number 12126584
Registered Office Unit 10 Capitol Court
Dodworth
Barnsley
S75 3UD
Accountants Woods Squared Limited
The Old School
188 Liscard Road
Wallasey
Wirral
CH44 5TN
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 December 2022
Principal activities
The principal activity of the company during the financial year was that of wholesale trade of motor vehicle parts and accessories
Directors
The directors who served the company throughout the year were as follows:
Jordan William Garland
Elizabeth Mary Garland
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Jordan William Garland
Director

Date approved: 16 February 2023
2
 
 		 Notes
 		 2022
£		   2021
£
Fixed assets      
Tangible fixed assets 3 1,033    1,408 
1,033    1,408 
Current assets      
Stocks 4 17,400    - 
Debtors: amounts falling due within one year 5 292,273    89,602 
Cash at bank and in hand 8,183    117,411 
317,856    207,013 
Creditors: amount falling due within one year 6 (251,994)   (166,671)
Net current assets 65,862    40,342 
 
Total assets less current liabilities 66,895    41,750 
Creditors: amount falling due after more than one year 7 (30,493)   (40,000)
Provisions for liabilities 8 (196)   (268)
Net assets 36,206    1,482 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account 36,106    1,382 
Shareholder's funds 36,206    1,482 
 


For the year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 16 February 2023 and were signed on its behalf by:


--------------------------------
Jordan William Garland
Director
3
General Information
Battery Group Limited is a private company, limited by shares, registered in England and Wales, registration number 12126584, registration address Unit 10 Capitol Court, Dodworth, Barnsley, S75 3UD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 20% Straight Line
Plant and Machinery 20% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 3 (2021 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 January 2022 357    1,521    1,878 
Additions -    -    - 
Disposals -    -    - 
At 31 December 2022 357    1,521    1,878 
Depreciation
At 01 January 2022 108    362    470 
Charge for year 71    304    375 
On disposals -    -    - 
At 31 December 2022 179    666    845 
Net book values
Closing balance as at 31 December 2022 178    855    1,033 
Opening balance as at 01 January 2022 249    1,159    1,408 


4.

Stocks

2022
£		   2021
£
Goods in Transit 17,400    - 
17,400    - 

5.

Debtors: amounts falling due within one year

2022
£		   2021
£
Trade Debtors 93,366    50,526 
Other Debtors 198,907    39,076 
292,273    89,602 

6.

Creditors: amount falling due within one year

2022
£		   2021
£
Trade Creditors (7,640)   2,590 
Bank Loans & Overdrafts 10,000    10,000 
Taxation and Social Security 27,705    17,932 
Other Creditors 221,929    136,149 
251,994    166,671 

7.

Creditors: amount falling due after more than one year

2022
£		   2021
£
Bank Loans & Overdrafts 30,493    40,000 
30,493    40,000 

8.

Provisions for liabilities

2022
£		   2021
£
Deferred Tax 196    268 
196    268 

4