Company Registration No. 07109402 (England and Wales)
Arena Motor Repairs Limited
Unaudited accounts
for the year ended 31 March 2023
Arena Motor Repairs Limited
Unaudited accounts
Contents
Arena Motor Repairs Limited
Company Information
for the year ended 31 March 2023
Directors
Mr Harjinder Jutla
Mr A Hall
Company Number
07109402 (England and Wales)
Registered Office
UNIT 17 ROWLEYS GREEN INDUSTRIAL ESTATE
ROWLEYS GREEN LANE
COVENTRY
CV6 6AN
Accountants
CBAccountancy Ltd
G6 - Enterprise House
Coutaulds Way
Coventry
West Midlands
CV6 5NX
Arena Motor Repairs Limited
Statement of financial position
as at 31 March 2023
Tangible assets
31,510
34,397
Cash at bank and in hand
36,042
47,016
Creditors: amounts falling due within one year
(63,848)
(82,285)
Net current liabilities
(5,100)
(3,737)
Total assets less current liabilities
26,410
30,660
Creditors: amounts falling due after more than one year
(10,813)
(16,666)
Called up share capital
100
100
Profit and loss account
15,497
13,894
Shareholders' funds
15,597
13,994
For the year ending 31 March 2023 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2023 and were signed on its behalf by
Mr Harjinder Jutla
Director
Company Registration No. 07109402
Arena Motor Repairs Limited
Notes to the Accounts
for the year ended 31 March 2023
Arena Motor Repairs Limited is a private company, limited by shares, registered in England and Wales, registration number 07109402. The registered office is UNIT 17 ROWLEYS GREEN INDUSTRIAL ESTATE, ROWLEYS GREEN LANE, COVENTRY, CV6 6AN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
81,613
2,670
25,482
353
110,118
Additions
-
-
-
1,750
1,750
Disposals
-
-
-
(353)
(353)
At 31 March 2023
81,613
2,670
25,482
1,750
111,515
At 1 April 2022
51,995
1,201
22,228
297
75,721
Charge for the year
2,962
367
814
438
4,581
On disposals
-
-
-
(297)
(297)
At 31 March 2023
54,957
1,568
23,042
438
80,005
At 31 March 2023
26,656
1,102
2,440
1,312
31,510
At 31 March 2022
29,618
1,469
3,254
56
34,397
Arena Motor Repairs Limited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Accrued income and prepayments
-
4,950
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,029
4,167
Trade creditors
13,782
18,793
Taxes and social security
245
477
Loans from directors
43,662
58,033
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).