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Company Registration No. 13380418 (England and Wales)
Scotts Bodyshop Supplies Limited Unaudited accounts for the year ended 31 May 2023
Scotts Bodyshop Supplies Limited Unaudited accounts Contents
Page
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Scotts Bodyshop Supplies Limited Company Information for the year ended 31 May 2023
Director
Scott Cameron
Company Number
13380418 (England and Wales)
Registered Office
17-19 ST. GEORGES STREET NORWICH NR3 1AB ENGLAND
Accountants
Together Accounting Limited 17-19 St Georges Street Norwich Norfolk NR3 1AB
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Scotts Bodyshop Supplies Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,153 
15,331 
Current assets
Inventories
75,702 
114,382 
Debtors
38,718 
62,101 
Cash at bank and in hand
5,640 
3,059 
120,060 
179,542 
Creditors: amounts falling due within one year
(101,712)
(187,313)
Net current assets/(liabilities)
18,348 
(7,771)
Total assets less current liabilities
30,501 
7,560 
Provisions for liabilities
Deferred tax
(2,309)
(2,913)
Net assets
28,192 
4,647 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
28,191 
4,646 
Shareholders' funds
28,192 
4,647 
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 21 October 2023 and were signed on its behalf by
Scott Cameron Director Company Registration No. 13380418
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Scotts Bodyshop Supplies Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Scotts Bodyshop Supplies Limited is a private company, limited by shares, registered in England and Wales, registration number 13380418. The registered office is 17-19 ST. GEORGES STREET, NORWICH, NR3 1AB, ENGLAND.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Plant & machinery
25% Reducing Balance Method
Motor vehicles
25% Reducing Balance Method
Computer equipment
33.33% Straight Line Method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Scotts Bodyshop Supplies Limited Notes to the Accounts for the year ended 31 May 2023
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 June 2022
4,228 
13,294 
- 
557 
18,079 
Additions
- 
- 
800 
- 
800 
At 31 May 2023
4,228 
13,294 
800 
557 
18,879 
Depreciation
At 1 June 2022
1,057 
1,591 
- 
100 
2,748 
Charge for the year
783 
2,926 
83 
186 
3,978 
At 31 May 2023
1,840 
4,517 
83 
286 
6,726 
Net book value
At 31 May 2023
2,388 
8,777 
717 
271 
12,153 
At 31 May 2022
3,171 
11,703 
- 
457 
15,331 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
38,543 
57,440 
Accrued income and prepayments
175 
- 
Other debtors
- 
4,661 
38,718 
62,101 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
477 
330 
VAT
5,689 
5,657 
Trade creditors
22,058 
51,843 
Taxes and social security
6,061 
4,091 
Other creditors
132 
830 
Loans from directors
67,295 
123,750 
Accruals
- 
812 
101,712 
187,313 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 2 (2022: 3).
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