1 March 2022 false No description of principal activity Taxfiler 2023.10 10593853business:PrivateLimitedCompanyLtd2022-03-012023-02-28 105938532022-02-28 105938532022-03-012023-02-28 10593853business:AuditExemptWithAccountantsReport2022-03-012023-02-28 10593853business:FilletedAccounts2022-03-012023-02-28 105938532023-02-28 10593853business:Director12022-03-012023-02-28 10593853business:Director22022-03-012023-02-28 10593853business:RegisteredOffice2022-03-012023-02-28 105938532022-02-28 10593853core:WithinOneYear2023-02-28 10593853core:WithinOneYear2022-02-28 10593853core:AfterOneYear2023-02-28 10593853core:AfterOneYear2022-02-28 10593853core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 10593853core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 10593853core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 10593853core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 10593853core:PreviouslyStatedAmount2023-02-28 10593853core:PreviouslyStatedAmount2022-02-28 10593853business:SmallEntities2022-03-012023-02-28 10593853countries:EnglandWales2022-03-012023-02-28 10593853core:MotorVehicles2022-03-012023-02-28 10593853core:MotorVehicles2022-02-28 10593853core:MotorVehicles2023-02-28 105938532021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. 10593853 (England and Wales)
SR Developments Automotive Limited Unaudited accounts for the year ended 28 February 2023
SR Developments Automotive Limited Unaudited accounts Contents
Page
- 2 -
SR Developments Automotive Limited Company Information for the year ended 28 February 2023
Directors
Stephen Richards Holly Richards
Company Number
10593853 (England and Wales)
Registered Office
UNIT 3A TRACY FARM REDDITCH ROAD ULLENHALL WARWICKSHIRE B95 5NY
Accountants
JB Accounting & Payroll Limited Office 9 The Civic Centre Martins Way Stourport-on-Severn Worcestershire DY13 8UJ
- 3 -
SR Developments Automotive Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,100 
3,150 
Current assets
Inventories
20,383 
16,243 
Debtors
441 
951 
Cash at bank and in hand
2,473 
12,866 
23,297 
30,060 
Creditors: amounts falling due within one year
(10,637)
(9,220)
Net current assets
12,660 
20,840 
Total assets less current liabilities
14,760 
23,990 
Creditors: amounts falling due after more than one year
(20,484)
(26,273)
Net liabilities
(5,724)
(2,283)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(5,726)
(2,285)
Shareholders' funds
(5,724)
(2,283)
For the year ending 28 February 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 27 September 2023 and were signed on its behalf by
Stephen Richards Director Company Registration No. 10593853
- 4 -
SR Developments Automotive Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
SR Developments Automotive Limited is a private company, limited by shares, registered in England and Wales, registration number 10593853. The registered office is UNIT 3A TRACY FARM, REDDITCH ROAD, ULLENHALL, WARWICKSHIRE, B95 5NY.
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:
Motor vehicles
20% reducing balance
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 March 2022
5,250 
At 28 February 2023
5,250 
Depreciation
At 1 March 2022
2,100 
Charge for the year
1,050 
At 28 February 2023
3,150 
Net book value
At 28 February 2023
2,100 
At 28 February 2022
3,150 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
441 
951 
- 5 -
SR Developments Automotive Limited Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
6,579 
4,965 
Taxes and social security
4,058 
4,255 
10,637 
9,220 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
20,484 
26,273 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 6 -