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REGISTERED NUMBER: 04242592















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

SERVICE MOTORS LIMITED
TRADING AS
CP AUTOS

SERVICE MOTORS LIMITED (REGISTERED NUMBER: 04242592)
TRADING AS CP AUTOS






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SERVICE MOTORS LIMITED
TRADING AS CP AUTOS

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: L Strong
K Strong





REGISTERED OFFICE: 20 Lion Road
Bexleyheath
Kent
DA6 8NR





REGISTERED NUMBER: 04242592





ACCOUNTANTS: Blue Rocket Accounting
Accountants and Tax Advisers
8 Twisleton Court
Priory Hill
Dartford
Kent
DA1 2EN

SERVICE MOTORS LIMITED (REGISTERED NUMBER: 04242592)
TRADING AS CP AUTOS

BALANCE SHEET
31 MARCH 2022

31.3.22 31.3.21
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 11,856 17,372
11,856 17,372

CURRENT ASSETS
Stocks 4,500 4,500
Debtors 6 8,017 9,754
Cash at bank 13,902 58,874
26,419 73,128
CREDITORS
Amounts falling due within one year 7 (32,478 ) (43,573 )
NET CURRENT (LIABILITIES)/ASSETS (6,059 ) 29,555
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,797

46,927

CREDITORS
Amounts falling due after more than one
year

8

-

(33,333

)
NET ASSETS 5,797 13,594

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 5,795 13,592
SHAREHOLDERS' FUNDS 5,797 13,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

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.

SERVICE MOTORS LIMITED (REGISTERED NUMBER: 04242592)
TRADING AS CP AUTOS

BALANCE SHEET - continued
31 MARCH 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 8 September 2022 and were signed on its behalf by:




L Strong - Director



K Strong - Director


SERVICE MOTORS LIMITED (REGISTERED NUMBER: 04242592)
TRADING AS CP AUTOS

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Service Motors Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 NIL (2021 - 5 ).

SERVICE MOTORS LIMITED (REGISTERED NUMBER: 04242592)
TRADING AS CP AUTOS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 85,000
AMORTISATION
At 1 April 2021
and 31 March 2022 85,000
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2021 12,950 5,139 27,863 2,299 48,251
Additions - - - 370 370
At 31 March 2022 12,950 5,139 27,863 2,669 48,621
DEPRECIATION
At 1 April 2021 12,950 5,139 11,145 1,645 30,879
Charge for year - - 5,573 313 5,886
At 31 March 2022 12,950 5,139 16,718 1,958 36,765
NET BOOK VALUE
At 31 March 2022 - - 11,145 711 11,856
At 31 March 2021 - - 16,718 654 17,372

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 4,481 5,561
Other debtors 3,536 4,193
8,017 9,754

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 3,319 6,667
Trade creditors 6,452 4,227
Taxation and social security 22,216 32,314
Other creditors 491 365
32,478 43,573

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans - 33,333