Company Registration No. SC425560 (Scotland)
Ayr Auto Repair Services Ltd
Unaudited accounts
for the year ended 30 June 2023
Ayr Auto Repair Services Ltd
Unaudited accounts
Contents
Ayr Auto Repair Services Ltd
Company Information
for the year ended 30 June 2023
Company Number
SC425560 (Scotland)
Registered Office
UNIT 73 NEWTON TRADING ESTATE
MCCALLS AVENUE
AYR
KA8 9AG
Accountants
McKinnon & Co Ltd ACPA
33 Newmarket Street
Ayr
Ayrshire
KA7 1LL
Ayr Auto Repair Services Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
76,331
89,801
Cash at bank and in hand
41,368
30,853
Creditors: amounts falling due within one year
(130,993)
(96,082)
Net current assets
9,736
14,209
Total assets less current liabilities
86,067
104,010
Creditors: amounts falling due after more than one year
(17,215)
(23,461)
Called up share capital
1
1
Profit and loss account
68,851
80,548
Shareholders' funds
68,852
80,549
For the year ending 30 June 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 29 January 2024 and were signed on its behalf by
Darren Graham
Director
Company Registration No. SC425560
Ayr Auto Repair Services Ltd
Notes to the Accounts
for the year ended 30 June 2023
Ayr Auto Repair Services Ltd is a private company, limited by shares, registered in Scotland, registration number SC425560. The registered office is UNIT 73 NEWTON TRADING ESTATE, MCCALLS AVENUE, AYR, KA8 9AG.
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
15% Reducing
4
Tangible fixed assets
Plant & machinery
Charge for the year
13,470
Amounts falling due within one year
Trade debtors
10,763
9,625
Other debtors
84,737
65,952
Ayr Auto Repair Services Ltd
Notes to the Accounts
for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
35,127
25,312
Taxes and social security
12,371
7,434
Other creditors
45,654
45,654
Loans from directors
33,156
11,698
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 5 (2022: 3).