Somerset Motors (Yeovil) Limited 00504231 true 2021-01-01 2021-12-31 2021-12-31 The principal activity of the company is that of a dormant company Digita Accounts Production Advanced 6.30.9574.0 true P C Old Mrs Pamela May Old 00504231 2021-01-01 2021-12-31 00504231 2021-12-31 00504231 bus:OrdinaryShareClass1 bus:OtherShareType 2021-12-31 00504231 core:ShareCapital 2021-12-31 00504231 core:SharePremium 2021-12-31 00504231 core:LandBuildings 2021-12-31 00504231 bus:FRS102 2021-01-01 2021-12-31 00504231 bus:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 00504231 bus:FullAccounts 2021-01-01 2021-12-31 00504231 bus:RegisteredOffice 2021-01-01 2021-12-31 00504231 bus:Director1 2021-01-01 2021-12-31 00504231 bus:Director2 2021-01-01 2021-12-31 00504231 bus:OrdinaryShareClass1 bus:OtherShareType 2021-01-01 2021-12-31 00504231 bus:EntityNoLongerTradingButTradedInPast 2021-01-01 2021-12-31 00504231 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 00504231 countries:EnglandWales 2021-01-01 2021-12-31 00504231 2020-12-31 00504231 core:LandBuildings 2020-12-31 00504231 2020-01-01 2020-12-31 00504231 2020-12-31 00504231 bus:OrdinaryShareClass1 bus:OtherShareType 2020-12-31 00504231 core:ShareCapital 2020-12-31 00504231 core:SharePremium 2020-12-31 00504231 core:LandBuildings 2020-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 00504231

Somerset Motors (Yeovil) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2021

Dormant

 

Somerset Motors (Yeovil) Limited

Profit and Loss Account for the Year Ended 31 December 2021

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Somerset Motors (Yeovil) Limited

(Registration number: 00504231)
Balance Sheet as at 31 December 2021

Note

2021
£

2020
£

Fixed assets

 

Tangible assets

4

32,000

32,000

Capital and reserves

 

Called up share capital

5

20,100

20,100

Share premium reserve

11,900

11,900

Shareholders' funds

 

32,000

32,000

For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 13 September 2022 and signed on its behalf by:
 

.........................................
P C Old
Director

 

Somerset Motors (Yeovil) Limited

Notes to the Financial Statements for the Year Ended 31 December 2021

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Stafford House
10 Prince of Wales Road
Dorchester
Dorset
DT1 1PW

These financial statements were authorised for issue by the Board on 13 September 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2020 - 2).

 

Somerset Motors (Yeovil) Limited

Notes to the Financial Statements for the Year Ended 31 December 2021

4

Tangible assets

Tangible fixed assets
£

Total
£

Cost or valuation

At 1 January 2021

32,000

32,000

At 31 December 2021

32,000

32,000

Depreciation

Carrying amount

At 31 December 2021

32,000

32,000

At 31 December 2020

32,000

32,000

5

Share capital

Allotted, called up and fully paid shares

 

2021

2020

 

No.

£

No.

£

Ordinary shares of £1 each

20,100

20,100

20,100

20,100