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Registered Number: 03244114
England and Wales

 

 

 

A.& S. MOTORS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 September 2022

End date: 31 August 2023
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 August 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Ray Dyer Chartered Accountants
31 August 2023



....................................................
Ray Dyer Chartered Accountants
Inglenook
Main Road
Nutbourne
PO18 8RR
12 February 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 253,352    124,565 
253,352    124,565 
Current assets      
Stocks 30,683    29,820 
Debtors: amounts falling due within one year 156,309    157,691 
Cash at bank and in hand 649,698    613,781 
836,690    801,292 
Creditors: amount falling due within one year (155,527)   (143,045)
Net current assets 681,163    658,247 
 
Total assets less current liabilities 934,515    782,812 
Creditors: amount falling due after more than one year (8,249)   (27,661)
Net assets 926,266    755,151 
 

Capital and reserves
     
Called up share capital 4 2    2 
Profit and loss account 926,264    755,149 
Shareholder's funds 926,266    755,151 
 


For the year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 12 February 2024 and were signed by:


-------------------------------
A Hewett
Director
2
General Information
A.& S. Motors Limited is a private company, limited by shares, registered in England and Wales, registration number 03244114, registration address Bury Cross Garage, Privett Road, Gosport, Hampshire, PO12 3SY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
  Plant and Equipment 20% Reducing Balance

  Motor Vehicles 25% Reducing Balance

  Office Equipment 10% Reducing Balance


Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 12 (2022 : 12).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Motor Vehicles   Total
  £   £   £   £
At 01 September 2022 64,375    142,065    180,885    387,325 
Additions   110,178    33,503    143,681 
Disposals      
At 31 August 2023 64,375    252,243    214,388    531,006 
Depreciation
At 01 September 2022 2,237    115,274    145,249    262,760 
Charge for year 627    5,358    8,909    14,894 
On disposals      
At 31 August 2023 2,864    120,632    154,158    277,654 
Net book values
Closing balance as at 31 August 2023 61,511    131,611    60,230    253,352 
Opening balance as at 01 September 2022 62,138    26,791    35,636    124,565 


4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
2 Class A shares of £1.00 each  
 

3