REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 30 April 2020 |
|
for |
|
Independent BMW Limited |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 30 April 2020 |
|
for |
|
Independent BMW Limited |
Independent BMW Limited (Registered number: 04054678) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 30 April 2020 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
Independent BMW Limited |
|
Company Information |
for the Year Ended 30 April 2020 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
69 Knowl Piece |
Wilbury Way |
Hitchin |
Hertfordshire |
SG4 0TY |
Independent BMW Limited (Registered number: 04054678) |
|
Balance Sheet |
30 April 2020 |
|
30.4.20 | 30.4.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 6 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 7 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings |
|
|
|
|
|
|
|
|
|
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Independent BMW Limited (Registered number: 04054678) |
|
Balance Sheet - continued |
30 April 2020 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors and authorised for issue on
|
|
|
|
|
|
|
|
Independent BMW Limited (Registered number: 04054678) |
|
Notes to the Financial Statements |
for the Year Ended 30 April 2020 |
|
1. | STATUTORY INFORMATION |
|
Independent BMW Limited is a
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
|
Goodwill |
|
|
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
|
Tangible fixed assets |
|
Plant and machinery etc | - |
|
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
|
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 May 2019 |
and 30 April 2020 |
|
AMORTISATION |
At 1 May 2019 |
and 30 April 2020 |
|
NET BOOK VALUE |
At 30 April 2020 |
|
At 30 April 2019 |
|
Independent BMW Limited (Registered number: 04054678) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2020 |
|
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 May 2019 |
and 30 April 2020 |
|
DEPRECIATION |
At 1 May 2019 |
|
Charge for year |
|
At 30 April 2020 |
|
NET BOOK VALUE |
At 30 April 2020 |
|
At 30 April 2019 |
|
|
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.20 | 30.4.19 |
£ | £ |
Trade debtors |
|
|
|
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.20 | 30.4.19 |
£ | £ |
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
8. | RELATED PARTY DISCLOSURES |
|
At the balance sheet date, the company owed the following amounts to the directors. The balances are included in other creditors: |
|
Mr J Warren £194,265 |
Mrs S Warren £98,570 |
Mr W Warren £31,212 |
|
The amounts are repayable on demand and earn interest at 5% per annum. |