1 February 2022 false No description of principal activity Taxfiler 2023.9.1 SC051184business:PrivateLimitedCompanyLtd2022-02-012023-01-31 SC0511842022-01-31 SC0511842022-02-012023-01-31 SC051184business:AuditExempt-NoAccountantsReport2022-02-012023-01-31 SC051184business:FilletedAccounts2022-02-012023-01-31 SC0511842023-01-31 SC0511842022-01-31 SC051184core:WithinOneYear2023-01-31 SC051184core:WithinOneYear2022-01-31 SC051184core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 SC051184core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 SC051184core:SharePremiumcore:PreviouslyStatedAmount2023-01-31 SC051184core:SharePremiumcore:PreviouslyStatedAmount2022-01-31 SC051184core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 SC051184core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 SC051184core:PreviouslyStatedAmount2023-01-31 SC051184core:PreviouslyStatedAmount2022-01-31 SC051184business:SmallEntities2022-02-012023-01-31 SC051184business:Director12022-02-012023-01-31 SC051184countries:Scotland2022-02-012023-01-31 SC051184business:RegisteredOffice2022-02-012023-01-31 SC051184core:LandBuildings2022-02-012023-01-31 SC051184core:PlantMachinery2022-02-012023-01-31 SC051184core:LandBuildings2022-01-31 SC051184core:PlantMachinery2022-01-31 SC051184core:LandBuildings2023-01-31 SC051184core:PlantMachinery2023-01-31 SC051184core:AdditionsToInvestments2023-01-31 SC051184core:AfterOneYear2023-01-31 SC051184core:AfterOneYear2022-01-31 SC0511842021-02-012022-01-31 iso4217:GBP xbrli:pure
Company Registration No. SC051184 (Scotland)
Sports Tune Motor Company Limited Unaudited accounts for the year ended 31 January 2023
Sports Tune Motor Company Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
48,240 
50,212 
Investment property
900,962 
900,962 
Investments
44,670 
29,099 
993,872 
980,273 
Current assets
Debtors
314,252 
2,772 
Investments
77,817 
114,565 
Cash at bank and in hand
145,752 
382,704 
537,821 
500,041 
Creditors: amounts falling due within one year
(90,988)
(77,322)
Net current assets
446,833 
422,719 
Total assets less current liabilities
1,440,705 
1,402,992 
Provisions for liabilities
Deferred tax
(384)
(421)
Net assets
1,440,321 
1,402,571 
Capital and reserves
Called up share capital
56,999 
56,999 
Share premium
20,001 
20,001 
Profit and loss account
1,363,321 
1,325,571 
Shareholders' funds
1,440,321 
1,402,571 
For the year ending 31 January 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 25 January 2023 and were signed on its behalf by
John William Ferguson Director Company Registration No. SC051184
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Sports Tune Motor Company Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Sports Tune Motor Company Limited is a private company, limited by shares, registered in Scotland, registration number SC051184. The registered office is SETON MAINS, LONGNIDDRY, EAST LOTHIAN, EH32 0PG.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
over 50 years
Plant & machinery
over 5 years useful life
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
87,112 
254,395 
341,507 
Additions
- 
1,249 
1,249 
At 31 January 2023
87,112 
255,644 
342,756 
Depreciation
At 1 February 2022
39,116 
252,179 
291,295 
Charge for the year
1,778 
1,443 
3,221 
At 31 January 2023
40,894 
253,622 
294,516 
Net book value
At 31 January 2023
46,218 
2,022 
48,240 
At 31 January 2022
47,996 
2,216 
50,212 
5
Investment property
2023 
£ 
Fair value at 1 February 2022
900,962 
At 31 January 2023
900,962 
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Sports Tune Motor Company Limited Notes to the Accounts for the year ended 31 January 2023
6
Investments
Other investments 
£ 
Valuation at 1 February 2022
29,099 
Additions
15,571 
Valuation at 31 January 2023
44,670 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
941 
2,772 
Amounts falling due after more than one year
Accrued income and prepayments
313,311 
- 
8
Investments held as current assets
2023 
2022 
£ 
£ 
Unlisted investments
77,817 
114,565 
9
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
107 
- 
Taxes and social security
17,271 
14,537 
Loans from directors
72,385 
61,560 
Accruals
1,225 
1,225 
90,988 
77,322 
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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