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Valley Road MOT & Service Centre Ltd
Registered Number:10325851
For the year ended 31 August 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2021
Valley Road MOT & Service Centre Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
10325851
As at 31 August 2021
Valley Road MOT & Service Centre Ltd
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
25,715
1,447
2
25,715
1,447
Current assets
Trade and other receivables
4,029
-
3
68,769
Cash and cash equivalents
79,936
79,936
72,798
Trade and other payables: amounts falling due within one year
(36,728)
(36,243)
4
36,070
43,693
Net current assets
Total assets less current liabilities
69,408
37,517
Trade and other payables: amounts falling due after more than one year
-
(38,000)
5
31,408
Net assets
37,517
Capital and reserves
Called up share capital
5,000
5,000
Retained earnings
26,408
32,517
31,408
37,517
Shareholders' funds
For the year ended 31 August 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 of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Alan Pascott Director
These financial statements were approved and authorised for issue by the Board on 19 August 2022 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 August 2021
Valley Road MOT & Service Centre Ltd
Notes to the Financial Statements
Statutory Information
Valley Road MOT & Service Centre Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
10325851.
Registered address:
2 Whiting Street
Sheffield
S8 9QR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 ''The
Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
2. Property, plant and equipment
Plant and
Machinery
£
Cost or valuation
At 01 September 2020
15,149
34,290
Additions
Disposals
(15,149)
At 31 August 2021
34,290
Provision for depreciation and impairment
At 01 September 2020
13,702
Charge for year
8,575
(13,702)
On disposal
At 31 August 2021
8,575
At 31 August 2021
Net book value
25,715
At 31 August 2020
1,447
3. Trade and other receivables
2020
2021
£
£
Trade debtors
-
4,029
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5
For the year ended 31 August 2021
Valley Road MOT & Service Centre Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Trade creditors
13,132
5,008
Taxation and social security
18,237
13,655
Other creditors
4,874
18,065
36,243
36,728
5. Trade and other payables: amounts falling due after more than one year
2020
2021
£
£
Bank loans and overdraft
38,000
-
6. Average number of persons employed
During the year the average number of employees was 2 (2020 : 2)
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