1 March 2022 false No description of principal activity Taxfiler 2023.10.2 SC442718business:PrivateLimitedCompanyLtd2022-03-012023-02-28 SC4427182022-02-28 SC4427182022-03-012023-02-28 SC442718business:AuditExemptWithAccountantsReport2022-03-012023-02-28 SC442718business:FilletedAccounts2022-03-012023-02-28 SC4427182023-02-28 SC442718business:Director12022-03-012023-02-28 SC442718business:RegisteredOffice2022-03-012023-02-28 SC4427182022-02-28 SC442718core:WithinOneYear2023-02-28 SC442718core:WithinOneYear2022-02-28 SC442718core:AfterOneYear2023-02-28 SC442718core:AfterOneYear2022-02-28 SC442718core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC442718core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 SC442718core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC442718core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 SC442718core:PreviouslyStatedAmount2023-02-28 SC442718core:PreviouslyStatedAmount2022-02-28 SC442718business:SmallEntities2022-03-012023-02-28 SC442718countries:Scotland2022-03-012023-02-28 SC442718core:PlantMachinery2022-03-012023-02-28 SC442718core:FurnitureFittings2022-03-012023-02-28 SC442718core:ComputerEquipment2022-03-012023-02-28 SC442718core:MotorVehicles2022-02-28 SC442718core:FurnitureFittings2022-02-28 SC442718core:MotorVehicles2023-02-28 SC442718core:FurnitureFittings2023-02-28 SC442718core:MotorVehicles2022-03-012023-02-28 SC4427182021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC442718 (Scotland)
Central Motor Solutions Ltd Unaudited accounts for the year ended 28 February 2023
Central Motor Solutions Ltd Unaudited accounts Contents
Page
- 2 -
Central Motor Solutions Ltd Company Information for the year ended 28 February 2023
Director
Keith David Taylor
Company Number
SC442718 (Scotland)
Registered Office
Unit 2. Crawfield Lane Bo'Mains Industrial Estate Linlithgow EH51 0QG
Accountants
Oak Team Associates Limited 272 Bath Street Glasgow G2 4JR
- 3 -
Central Motor Solutions Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,719 
36,003 
Current assets
Inventories
272,274 
263,336 
Debtors
43,458 
22,450 
Cash at bank and in hand
45,110 
57,370 
360,842 
343,156 
Creditors: amounts falling due within one year
(142,731)
(175,774)
Net current assets
218,111 
167,382 
Total assets less current liabilities
237,830 
203,385 
Creditors: amounts falling due after more than one year
(229,833)
(187,833)
Net assets
7,997 
15,552 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
7,897 
15,452 
Shareholders' funds
7,997 
15,552 
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 director acknowledges his 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 and authorised for issue on 28 November 2023 and were signed on its behalf by
Keith David Taylor Director Company Registration No. SC442718
- 4 -
Central Motor Solutions Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Central Motor Solutions Ltd is a private company, limited by shares, registered in Scotland, registration number SC442718. The registered office is Unit 2. Crawfield Lane, Bo'Mains Industrial Estate, Linlithgow, EH51 0QG.
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:
Plant & machinery
25% on a reducing balance basis
Fixtures & fittings
25% on a reducing balance basis
Computer equipment
25% on a reducing balance basis
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
40,570 
32,680 
73,250 
At 28 February 2023
40,570 
32,680 
73,250 
Depreciation
At 1 March 2022
16,228 
21,019 
37,247 
Charge for the year
8,114 
8,170 
16,284 
At 28 February 2023
24,342 
29,189 
53,531 
Net book value
At 28 February 2023
16,228 
3,491 
19,719 
At 28 February 2022
24,342 
11,661 
36,003 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
43,458 
22,450 
- 5 -
Central Motor Solutions Ltd Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
4,666 
4,746 
Obligations under finance leases and hire purchase contracts
- 
810 
Trade creditors
5,306 
450 
Taxes and social security
7,123 
3,648 
Other creditors
- 
62,140 
Loans from directors
115,636 
93,980 
142,731 
175,774 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
25,833 
35,833 
Other creditors
204,000 
152,000 
229,833 
187,833 
8
Average number of employees
During the year the average number of employees was 2 (2022: 3).
- 6 -