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REGISTERED NUMBER: SC209150 (Scotland)
















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Car Care (Motor Engineers) Limited

Car Care (Motor Engineers) Limited (Registered number: SC209150)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Car Care (Motor Engineers) Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: D Brown
A S Douglas





SECRETARY: A S Douglas





REGISTERED OFFICE: 70 Spiersbridge Road
Thornliebank
Glasgow
G46 7SN





REGISTERED NUMBER: SC209150 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

Car Care (Motor Engineers) Limited (Registered number: SC209150)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 9,306 12,409
Tangible assets 5 154,735 126,628
Investment property 6 1,236,000 1,236,000
1,400,041 1,375,037

CURRENT ASSETS
Stocks 102,000 110,000
Debtors 7 15,100 25,868
Cash at bank and in hand 748,815 495,513
865,915 631,381
CREDITORS
Amounts falling due within one year 8 (104,058 ) (80,569 )
NET CURRENT ASSETS 761,857 550,812
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,161,898

1,925,849

PROVISIONS FOR LIABILITIES (234,353 ) (172,489 )
NET ASSETS 1,927,545 1,753,360

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 631,504 678,511
Retained earnings 1,295,941 1,074,749
SHAREHOLDERS' FUNDS 1,927,545 1,753,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Car Care (Motor Engineers) Limited (Registered number: SC209150)

Balance Sheet - continued
31 July 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by:





D Brown - Director


Car Care (Motor Engineers) Limited (Registered number: SC209150)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Car Care (Motor Engineers) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the aquisition of a business in 2000, is being amortised over its useful economic life of 10 years.

Prior to the transition to FRS 102 1A in the year to 31 July 2017, no amortisation had been provided. In line with FRS 102 1A goodwill amortisation has commenced in the year of transition and has not been provided for retrospectively.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - Straight line over 10 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Car Care (Motor Engineers) Limited (Registered number: SC209150)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Debtors
Trade debtors and other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence the asset is impaired.

Cash and cash equivalents
Cash and cash equivalent in the balance sheet comprise cash in hand and bank overdrafts. In the balance sheet bank overdrafts are shown in creditors amounts falling due within one year.

Creditors
Trade creditors and other creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2022 - 6 ) .

Car Care (Motor Engineers) Limited (Registered number: SC209150)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 31,027
AMORTISATION
At 1 August 2022 18,618
Charge for year 3,103
At 31 July 2023 21,721
NET BOOK VALUE
At 31 July 2023 9,306
At 31 July 2022 12,409

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 274,780 474,054 748,834
Additions - 82,999 82,999
Disposals - (33,520 ) (33,520 )
At 31 July 2023 274,780 523,533 798,313
DEPRECIATION
At 1 August 2022 274,780 347,426 622,206
Charge for year - 36,037 36,037
Eliminated on disposal - (14,665 ) (14,665 )
At 31 July 2023 274,780 368,798 643,578
NET BOOK VALUE
At 31 July 2023 - 154,735 154,735
At 31 July 2022 - 126,628 126,628

Car Care (Motor Engineers) Limited (Registered number: SC209150)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2022 33,520
Disposals (33,520 )
At 31 July 2023 -
DEPRECIATION
At 1 August 2022 8,380
Eliminated on disposal (8,380 )
At 31 July 2023 -
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 25,140

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 1,236,000
NET BOOK VALUE
At 31 July 2023 1,236,000
At 31 July 2022 1,236,000

The directors reviewed the fair value of the investment property at 31 July 2023.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 7,438 8,317
Other debtors 7,662 17,551
15,100 25,868

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 100 100
Taxation and social security 72,412 48,919
Other creditors 31,546 31,550
104,058 80,569

Car Care (Motor Engineers) Limited (Registered number: SC209150)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

9. RESERVES
Fair
value
reserve
£   
At 1 August 2022 678,511
Deferred tax (47,007 )

At 31 July 2023 631,504