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REGISTERED NUMBER: 13487106 (England and Wales)











UKMC PRESTIGE AUTO SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023






UKMC PRESTIGE AUTO SERVICES LTD (REGISTERED NUMBER: 13487106)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


UKMC PRESTIGE AUTO SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTORS: S T Beech
Mrs E Beech





REGISTERED OFFICE: The Beech's
4 Cherry Gardens
Kingsnorth Road
Ashford
Kent
TN23 6LG





REGISTERED NUMBER: 13487106 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG

UKMC PRESTIGE AUTO SERVICES LTD (REGISTERED NUMBER: 13487106)

BALANCE SHEET
31ST JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,515 7,646

CURRENT ASSETS
Debtors 5 88,277 68,822
Cash at bank 122,124 57,736
210,401 126,558
CREDITORS
Amounts falling due within one year 6 83,153 70,672
NET CURRENT ASSETS 127,248 55,886
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,763

63,532

PROVISIONS FOR LIABILITIES 381 508
NET ASSETS 133,382 63,024

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 133,282 62,924
SHAREHOLDERS' FUNDS 133,382 63,024

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

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

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 Board of Directors and authorised for issue on 8th March 2024 and were signed on its behalf by:




S T Beech - Director


UKMC PRESTIGE AUTO SERVICES LTD (REGISTERED NUMBER: 13487106)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023


1. STATUTORY INFORMATION

UKMC Prestige Auto Services Ltd 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.
Freehold property - 10% on cost
Computer equipment - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

UKMC PRESTIGE AUTO SERVICES LTD (REGISTERED NUMBER: 13487106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023


4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST
At 1st August 2022
and 31st July 2023 6,240 2,707 8,947
DEPRECIATION
At 1st August 2022 624 677 1,301
Charge for year 624 507 1,131
At 31st July 2023 1,248 1,184 2,432
NET BOOK VALUE
At 31st July 2023 4,992 1,523 6,515
At 31st July 2022 5,616 2,030 7,646

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 84,605 68,173
Other debtors 3,672 649
88,277 68,822

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Payments on account 65 83
Trade creditors 30,317 27,745
Taxation and social security 33,135 18,646
Other creditors 19,636 24,198
83,153 70,672

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 4,712 4,712
Between one and five years 8,246 12,957
12,958 17,669

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100