IRIS Accounts Production v23.3.1.45 11945589 Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119455892022-03-31119455892023-03-31119455892022-04-012023-03-31119455892021-03-31119455892021-04-012022-03-31119455892022-03-3111945589ns10:Originalns15:EnglandWales2022-04-012023-03-3111945589ns14:PoundSterlingns10:Original2022-04-012023-03-3111945589ns10:Originalns10:Director12022-04-012023-03-3111945589ns10:Original2022-04-012023-03-3111945589ns10:Originalns10:Director22022-04-012023-03-3111945589ns10:Original2023-03-3111945589ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3111945589ns10:Originalns10:SmallEntities2022-04-012023-03-3111945589ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3111945589ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3111945589ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3111945589ns10:Originalns10:FullAccounts2022-04-012023-03-3111945589ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3111945589ns10:Originalns10:OrdinaryShareClass22022-04-012023-03-3111945589ns10:OrdinaryShareClass3ns10:Original2022-04-012023-03-3111945589ns10:Originalns10:OrdinaryShareClass42022-04-012023-03-3111945589ns10:Originalns10:Director32022-04-012023-03-3111945589ns10:Originalns10:Director42022-04-012023-03-3111945589ns10:Originalns10:RegisteredOffice2022-04-012023-03-3111945589ns10:Original2022-03-3111945589ns10:Originalns5:CurrentFinancialInstruments2023-03-3111945589ns10:Originalns5:CurrentFinancialInstruments2022-03-3111945589ns10:Originalns5:Non-currentFinancialInstruments2023-03-3111945589ns10:Originalns5:Non-currentFinancialInstruments2022-03-3111945589ns5:ShareCapitalns10:Original2023-03-3111945589ns5:ShareCapitalns10:Original2022-03-3111945589ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3111945589ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3111945589ns10:Originalns5:LeaseholdImprovements2022-04-012023-03-3111945589ns10:Originalns5:PlantMachinery2022-04-012023-03-3111945589ns10:Originalns5:FurnitureFittings2022-04-012023-03-3111945589ns10:Originalns5:MotorVehicles2022-04-012023-03-3111945589ns10:Originalns5:ComputerEquipment2022-04-012023-03-3111945589ns10:Original2021-04-012022-03-3111945589ns10:Originalns5:LeaseholdImprovements2022-03-3111945589ns10:Originalns5:PlantMachinery2022-03-3111945589ns10:Originalns5:FurnitureFittings2022-03-3111945589ns10:Originalns5:LeaseholdImprovements2023-03-3111945589ns10:Originalns5:PlantMachinery2023-03-3111945589ns10:Originalns5:FurnitureFittings2023-03-3111945589ns10:Originalns5:LeaseholdImprovements2022-03-3111945589ns10:Originalns5:PlantMachinery2022-03-3111945589ns10:Originalns5:FurnitureFittings2022-03-3111945589ns10:Originalns5:MotorVehicles2022-03-3111945589ns10:Originalns5:ComputerEquipment2022-03-3111945589ns10:Original2022-03-3111945589ns10:Originalns5:MotorVehicles2023-03-3111945589ns10:Originalns5:ComputerEquipment2023-03-3111945589ns10:Originalns5:MotorVehicles2022-03-3111945589ns10:Originalns5:ComputerEquipment2022-03-3111945589ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3111945589ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3111945589ns10:Originalns10:OrdinaryShareClass12023-03-3111945589ns10:Originalns10:OrdinaryShareClass22023-03-3111945589ns10:OrdinaryShareClass3ns10:Original2023-03-3111945589ns10:Originalns10:OrdinaryShareClass42023-03-31
REGISTERED NUMBER: 11945589 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Uckfield Motor Services Limited

Uckfield Motor Services Limited (Registered number: 11945589)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Uckfield Motor Services Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr S P Cockill
Mrs M J Cockill
Mr H Cockill
Mr E Cockill





REGISTERED OFFICE: 126 Wish Hill
Eastbourne
East Sussex
BN20 9HL





REGISTERED NUMBER: 11945589 (England and Wales)





ACCOUNTANTS: SLP Advisory Limited
126 Wish Hill
Eastbourne
East Sussex
BN20 9HL

Uckfield Motor Services Limited (Registered number: 11945589)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 85,438 93,517

CURRENT ASSETS
Stocks 12,543 20,500
Debtors 5 715,591 210,761
Cash at bank 117,004 282,994
845,138 514,255
CREDITORS
Amounts falling due within one year 6 243,265 161,627
NET CURRENT ASSETS 601,873 352,628
TOTAL ASSETS LESS CURRENT LIABILITIES 687,311 446,145

CREDITORS
Amounts falling due after more than one year 7 (42,951 ) (39,826 )

PROVISIONS FOR LIABILITIES (11,869 ) (12,691 )
NET ASSETS 632,491 393,628

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 632,391 393,528
SHAREHOLDERS' FUNDS 632,491 393,628

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Uckfield Motor Services Limited (Registered number: 11945589)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:




Mr S P Cockill - Director



Mrs M J Cockill - Director


Uckfield Motor Services Limited (Registered number: 11945589)

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


1. STATUTORY INFORMATION

Uckfield Motor Services 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.
Improvements to property - 25% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

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

Uckfield Motor Services Limited (Registered number: 11945589)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year\, including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
- at fair value with changes recognised in the Profit and loss account if the shares are publicly traded or their fair value can otherwise be measured reliably;
- at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on net basis or to realise the asset and settle the liability simultaneously.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.

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.


Uckfield Motor Services Limited (Registered number: 11945589)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 17 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022 42,571 79,952 -
Additions - - 4,229
At 31 March 2023 42,571 79,952 4,229
DEPRECIATION
At 1 April 2022 8,514 35,550 -
Charge for year 10,643 19,988 1,057
At 31 March 2023 19,157 55,538 1,057
NET BOOK VALUE
At 31 March 2023 23,414 24,414 3,172
At 31 March 2022 34,057 44,402 -

Uckfield Motor Services Limited (Registered number: 11945589)

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


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 23,938 362 146,823
Additions 23,000 888 28,117
At 31 March 2023 46,938 1,250 174,940
DEPRECIATION
At 1 April 2022 9,152 90 53,306
Charge for year 4,176 332 36,196
At 31 March 2023 13,328 422 89,502
NET BOOK VALUE
At 31 March 2023 33,610 828 85,438
At 31 March 2022 14,786 272 93,517

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 715,591 210,761

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,556 5,556
Hire purchase contracts 4,333 -
Trade creditors 85,062 62,504
Taxation and social security 127,567 91,199
Other creditors 20,747 2,368
243,265 161,627

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 34,284 39,826
Hire purchase contracts 8,667 -
42,951 39,826

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,061 17,603

Uckfield Motor Services Limited (Registered number: 11945589)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
51 Ordinary 1 51 51
29 Ordinary A 1 29 29
10 Ordinary B 1 10 10
10 Ordinary C £1 10 10
100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors are interest free loans to the value of £23,713 (2022 - £1,089) from directors of the company.

10. RELATED PARTY DISCLOSURES

The company is owned by UMS Holdings Limited and at the year end were owed £593,550 (2022: £200,000) by Uckfield Motor Services Limited.

11. PENSION CONTRIBUTIONS

The company operates a defined contribution pension scheme. The assets are held separately from those of the Company in an independently administered fund. Contributions totalling £2,386 (2022: £889) were payable to the fund at the balance sheet date and are included in creditors.