Company Registration No. 13243571 (England and Wales)
SPECIALIST MOTORWORX LTD
Unaudited accounts
for the year ended 31 March 2023
SPECIALIST MOTORWORX LTD
Unaudited accounts
Contents
SPECIALIST MOTORWORX LTD
Company Information
for the year ended 31 March 2023
Director
Jamie Robert Callender
Company Number
13243571 (England and Wales)
Registered Office
63 KINSON PARK ROAD
BOURNEMOUTH
BH10 7HG
ENGLAND
Accountants
Pope Accountancy Services Ltd
13 Douglas Road
Southbourne
BH6 3ER
SPECIALIST MOTORWORX LTD
Statement of financial position
as at 31 March 2023
Tangible assets
13,841
1,040
Cash at bank and in hand
9,983
7,244
Creditors: amounts falling due within one year
(10,922)
8,270
Net current assets
412
17,987
Total assets less current liabilities
14,253
19,027
Creditors: amounts falling due after more than one year
(13,395)
-
Called up share capital
1
-
Profit and loss account
857
19,027
Shareholders' funds
858
19,027
For the year ending 31 March 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 24 November 2023 and were signed on its behalf by
Jamie Robert Callender
Director
Company Registration No. 13243571
SPECIALIST MOTORWORX LTD
Notes to the Accounts
for the year ended 31 March 2023
SPECIALIST MOTORWORX LTD is a private company, limited by shares, registered in England and Wales, registration number 13243571. The registered office is 63 KINSON PARK ROAD, BOURNEMOUTH, BH10 7HG, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
20% Reducing Balance
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2022
1,300
-
1,300
At 31 March 2023
1,300
17,345
18,645
Charge for the year
208
4,336
4,544
At 31 March 2023
468
4,336
4,804
At 31 March 2023
832
13,009
13,841
At 31 March 2022
1,040
-
1,040
SPECIALIST MOTORWORX LTD
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,277
1,490
Other creditors
-
(12,010)
Loans from directors
6,495
2,000
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).