1 December 2021 v2023.26.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP045283492021-12-012022-11-30045283492022-11-30045283492021-11-3004528349core:WithinOneYear2022-11-3004528349core:WithinOneYear2021-11-3004528349core:ShareCapital2022-11-3004528349core:ShareCapital2021-11-3004528349core:RetainedEarningsAccumulatedLosses2022-11-3004528349core:RetainedEarningsAccumulatedLosses2021-11-3004528349bus:Director12021-12-012022-11-3004528349bus:RegisteredOffice2021-12-012022-11-3004528349core:NetGoodwill2021-12-012022-11-3004528349core:Goodwill2021-12-012022-11-3004528349core:LandBuildings2021-12-012022-11-3004528349core:PlantMachinery2021-12-012022-11-3004528349core:MotorVehicles2021-12-012022-11-3004528349core:OfficeEquipment2021-12-012022-11-30045283492020-12-012021-11-3004528349core:NetGoodwill2021-12-0104528349core:LandBuildings2021-12-0104528349core:PlantMachinery2021-12-01045283492021-12-0104528349core:LandBuildings2021-11-3004528349core:PlantMachinery2021-11-300452834912021-12-012022-11-3004528349countries:EnglandWales2021-12-012022-11-3004528349bus:AuditExemptWithAccountantsReport2021-12-012022-11-3004528349bus:PrivateLimitedCompanyLtd2021-12-012022-11-3004528349bus:SmallEntities2021-12-012022-11-3004528349bus:FullAccounts2021-12-012022-11-30
Company registration number:
04528349
Sussex Servicing Autos Limited
Unaudited Filleted Financial Statements for the year ended
30 November 2022
Sussex Servicing Autos Limited
Statement of Financial Position
30 November 2022
20222021
Note££
Fixed assets    
Tangible assets 6 -  
11,097
 
Current assets    
Stocks -  
12,000
 
Debtors 7 -  
21,980
 
Cash at bank and in hand
21,892
 
83,548
 
21,892
 
117,528
 
Creditors: amounts falling due within one year 8
(14,912
)
(83,033
)
Net current assets
6,980
 
34,495
 
Total assets less current liabilities 6,980   45,592  
Capital and reserves    
Called up share capital
2
 
2
 
Profit and loss account
6,978
 
45,590
 
Shareholders funds
6,980
 
45,592
 
For the year ending
30 November 2022
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
13 November 2023
, and are signed on behalf of the board by:
Mrs D Phillips
Director
Company registration number:
04528349
Sussex Servicing Autos Limited
Notes to the Financial Statements
Year ended
30 November 2022

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Black Hut Lodge, Henfold Lane
,
Newdigate
,
Dorking
,
Surrey
,
RH5 5AF
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill
20% straight line

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
25% reducing balance
Plant and machinery
25% reducing balance
Motor vehicles
25% reducing balance
Office equipment
25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
4
(2021:
4.00
).

5 Intangible assets

Goodwill
£
Cost  
At
1 December 2021
20,000
 
Disposals
(20,000
)
At
30 November 2022
-  
Amortisation  
At
1 December 2021
20,000
 
Disposals
(20,000
)
At
30 November 2022
-  
Carrying amount  
At
30 November 2022
-  
At 30 November 2021 -  

6 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 December 2021
1,411
 
94,587
 
95,998
 
Disposals
(1,411
)
(94,587
)
(95,998
)
At
30 November 2022
-   -   -  
Depreciation      
At
1 December 2021
1,401
 
83,500
 
84,901
 
Disposals
(1,401
)
(83,500
)
(84,901
)
At
30 November 2022
-   -   -  
Carrying amount      
At
30 November 2022
-   -   -  
At 30 November 2021
10
 
11,087
 
11,097
 

7 Debtors

20222021
££
Trade debtors -  
21,215
 
Other debtors -  
765
 
-  
21,980
 

8 Creditors: amounts falling due within one year

20222021
££
Trade creditors
(1,440
)
31,226
 
Taxation and social security
(9,342
)
16,924
 
Other creditors
25,694
 
34,883
 
14,912
 
83,033