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REGISTERED NUMBER: 02702118 (England and Wales)














Suisse Autoturn Limited

Unaudited Financial Statements

for the Year Ended 28 February 2023






Suisse Autoturn Limited (Registered number: 02702118)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Suisse Autoturn Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: T H A Fuggle



REGISTERED OFFICE: Unit 7 Mitchell Way
Portsmouth
Hampshire
PO3 5PR



REGISTERED NUMBER: 02702118 (England and Wales)



ACCOUNTANTS: Barter Durgan
Chartered Accountants
10, Victoria Road South
Southsea
Hampshire
PO5 2DA



BANKERS: National Westminster Bank
130 Commercial Road
Portsmouth
Hampshire
PO1 1EJ

Suisse Autoturn Limited (Registered number: 02702118)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 260,423 240,483

CURRENT ASSETS
Stocks 5 65,000 -
Debtors 6 111,625 125,850
Cash at bank 57,747 98,315
234,372 224,165
CREDITORS
Amounts falling due within one year 7 141,667 118,858
NET CURRENT ASSETS 92,705 105,307
TOTAL ASSETS LESS CURRENT
LIABILITIES

353,128

345,790

CREDITORS
Amounts falling due after more than one year 8 (272,656 ) (286,006 )

PROVISIONS FOR LIABILITIES 10 (49,480 ) (45,692 )
NET ASSETS 30,992 14,092

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 10,992 (5,908 )
SHAREHOLDERS' FUNDS 30,992 14,092

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Suisse Autoturn Limited (Registered number: 02702118)

Balance Sheet - continued
28 February 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 November 2023 and were signed by:





T H A Fuggle - Director


Suisse Autoturn Limited (Registered number: 02702118)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Suisse Autoturn Limited is a private company, limited by shares , registered in England and Wales. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Suisse Autoturn Limited (Registered number: 02702118)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

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 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 642,622 6,651 20,106 6,235 675,614
Additions 113,809 67 - 889 114,765
At 28 February 2023 756,431 6,718 20,106 7,124 790,379
DEPRECIATION
At 1 March 2022 410,777 4,331 15,274 4,749 435,131
Charge for year 91,502 1,340 1,208 775 94,825
At 28 February 2023 502,279 5,671 16,482 5,524 529,956
NET BOOK VALUE
At 28 February 2023 254,152 1,047 3,624 1,600 260,423
At 28 February 2022 231,845 2,320 4,832 1,486 240,483

5. STOCKS
2023 2022
£    £   
Work-in-progress 65,000 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 90,463 104,883
Prepayments 21,162 20,967
111,625 125,850

Suisse Autoturn Limited (Registered number: 02702118)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 79,026 57,846
Trade creditors 28,733 23,453
Social security and other taxes 5,531 5,815
VAT 16,930 19,888
Other creditors 3,865 4,092
Accrued expenses 7,582 7,764
141,667 118,858

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 99,401 129,035
Hire purchase contracts 173,255 156,971
272,656 286,006

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 252,281 214,817

The hire purchase creditors are secured upon specific items of plant.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 49,480 45,692

Deferred
tax
£   
Balance at 1 March 2022 45,692
Accelerated capital allowances 3,788
Balance at 28 February 2023 49,480

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T H A Fuggle.