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REGISTERED NUMBER: 05868423 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

Scorpio Chauffeur Cars Limited

Scorpio Chauffeur Cars Limited (Registered number: 05868423)

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


Scorpio Chauffeur Cars Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mr S N Gillingham





REGISTERED OFFICE: 238 Station Road
Addlestone
Surrey
KT15 2PS





REGISTERED NUMBER: 05868423 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Chartered Certified Accountants
238 Station Road
Addlestone
Surrey
KT15 2PS

Scorpio Chauffeur Cars Limited (Registered number: 05868423)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 79,550 32,591
79,550 32,591

CURRENT ASSETS
Debtors 6 30,155 31,124
Cash at bank and in hand 74,706 52,802
104,861 83,926
CREDITORS
Amounts falling due within one year 7 (95,021 ) (65,386 )
NET CURRENT ASSETS 9,840 18,540
TOTAL ASSETS LESS CURRENT LIABILITIES 89,390 51,131

CREDITORS
Amounts falling due after more than one
year

8

(66,200

)

(25,418

)
NET ASSETS 23,190 25,713

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 23,188 25,711
SHAREHOLDERS' FUNDS 23,190 25,713

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 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.

Scorpio Chauffeur Cars Limited (Registered number: 05868423)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 November 2023 and were signed by:





Mr S N Gillingham - Director


Scorpio Chauffeur Cars Limited (Registered number: 05868423)

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


1. STATUTORY INFORMATION

Scorpio Chauffeur Cars 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.

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.

Revenue
Revenue is measured at fair value and represents revenues receivable under contracts net of value added tax. Where contractual obligations have been partially performed at the balance sheet date, revenue is recognised to the extent that the company has obtained the right to consideration through its performance.

Goodwill
Purchased goodwill is capitalised and is amortised on a straight line basis over its useful economic life of five years.

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 calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:

Fixtures and fittings - 25% on reducing balance
Motor vehicles - Straight line over 7 years
Computer equipment - 33% on cost

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the income statement.

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.


Scorpio Chauffeur Cars Limited (Registered number: 05868423)

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


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 7,500
AMORTISATION
At 1 August 2022
and 31 July 2023 7,500
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

Scorpio Chauffeur Cars Limited (Registered number: 05868423)

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


5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 9,000 60,927 1,363 71,290
Additions 908 90,644 - 91,552
Disposals - (60,927 ) - (60,927 )
At 31 July 2023 9,908 90,644 1,363 101,915
DEPRECIATION
At 1 August 2022 9,000 28,336 1,363 38,699
Charge for year 132 13,158 - 13,290
Eliminated on disposal - (29,624 ) - (29,624 )
At 31 July 2023 9,132 11,870 1,363 22,365
NET BOOK VALUE
At 31 July 2023 776 78,774 - 79,550
At 31 July 2022 - 32,591 - 32,591

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022 60,927
Additions 90,644
Disposals (60,927 )
At 31 July 2023 90,644
DEPRECIATION
At 1 August 2022 28,336
Charge for year 13,158
Eliminated on disposal (29,624 )
At 31 July 2023 11,870
NET BOOK VALUE
At 31 July 2023 78,774
At 31 July 2022 32,591

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 124 4,741
Deferred tax asset 16,524 10,934
Prepayments and accrued income 13,507 15,449
30,155 31,124

Scorpio Chauffeur Cars Limited (Registered number: 05868423)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 7,209 7,032
Hire purchase contracts 21,099 15,492
Trade creditors 1,650 4,502
Tax 15,368 11,033
VAT 7,969 8,291
Other creditors 25,246 7,225
Directors' current accounts 10,394 3,380
Accrued expenses 6,086 8,431
95,021 65,386

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans - 1-2 years 7,392 7,209
Bank loans - 2-5 years 6,942 14,335
Hire purchase contracts 51,866 3,874
66,200 25,418