Company Registration No. SC619117 (Scotland)
SR MOTORHOMES LTD
Unaudited accounts
for the year ended 31 January 2023
SR MOTORHOMES LTD
Unaudited accounts
Contents
SR MOTORHOMES LTD
Company Information
for the year ended 31 January 2023
Company Number
SC619117 (Scotland)
Registered Office
CARSEGREEN COTTAGE
STANELY ROAD
PAISLEY
PA2 6HG
UNITED KINGDOM
Accountants
Brand Jamieson & Co Ltd
2 Victoria Place
Rutherglen
Glasgow
G73 2JP
SR MOTORHOMES LTD
Statement of financial position
as at 31 January 2023
Tangible assets
123,090
79,452
Cash at bank and in hand
45,135
58,011
Creditors: amounts falling due within one year
(64,397)
(37,201)
Net current (liabilities)/assets
(19,262)
20,810
Total assets less current liabilities
103,828
100,262
Creditors: amounts falling due after more than one year
(117,294)
(103,410)
Net liabilities
(13,466)
(3,148)
Called up share capital
1
1
Profit and loss account
(13,467)
(3,149)
Shareholders' funds
(13,466)
(3,148)
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 director acknowledges her 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 16 October 2023 and were signed on its behalf by
ANGELA LOGAN
Director
Company Registration No. SC619117
SR MOTORHOMES LTD
Notes to the Accounts
for the year ended 31 January 2023
SR MOTORHOMES LTD is a private company, limited by shares, registered in Scotland, registration number SC619117. The registered office is CARSEGREEN COTTAGE, STANELY ROAD, PAISLEY, PA2 6HG, UNITED KINGDOM.
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:
Motor vehicles
10% straight line basis
Computer equipment
15% reducing balance basis
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2022
97,340
1,197
98,537
At 31 January 2023
156,764
1,197
157,961
At 1 February 2022
18,622
463
19,085
Charge for the year
15,676
110
15,786
At 31 January 2023
34,298
573
34,871
At 31 January 2023
122,466
624
123,090
At 31 January 2022
78,718
734
79,452
SR MOTORHOMES LTD
Notes to the Accounts
for the year ended 31 January 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,921
10,921
Obligations under finance leases and hire purchase contracts
18,938
7,034
Loans from directors
33,307
18,015
6
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
90,802
65,997
Aggregate of amounts that fall due for payment after five years
19,996
29,860
ANGELA LOGAN is the controlling party.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).