Company Registration No. 13176533 (England and Wales)
Saturn Turbo Services Ltd
Unaudited accounts
for the year ended 31 March 2024
Saturn Turbo Services Ltd
Unaudited accounts
Contents
Saturn Turbo Services Ltd
Company Information
for the year ended 31 March 2024
Directors
David Huddleston
Christopher Wainwright
Company Number
13176533 (England and Wales)
Registered Office
North East Workshops
Wilton International
Middlesbrough
TS10 4RG
Accountants
Pollard & Co Accounting Services Ltd
26b Bradford Road
Guiseley
LEEDS
LS20 8NH
Saturn Turbo Services Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
334,065
219,721
Inventories
149,050
101,000
Cash at bank and in hand
631,036
127,470
Creditors: amounts falling due within one year
(512,480)
(324,809)
Net current assets
761,171
332,466
Total assets less current liabilities
1,095,236
552,187
Creditors: amounts falling due after more than one year
(122,784)
(74,867)
Net assets
972,452
477,320
Called up share capital
200
200
Profit and loss account
972,252
477,120
Shareholders' funds
972,452
477,320
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by
David Huddleston
Director
Company Registration No. 13176533
Saturn Turbo Services Ltd
Notes to the Accounts
for the year ended 31 March 2024
Saturn Turbo Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 13176533. The registered office is North East Workshops, Wilton International, Middlesbrough, TS10 4RG.
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:
Land & buildings
20% Straight line
Plant & machinery
20% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures & fittings
20% Straight line
Computer equipment
33.33% Straight line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2023
5,593
111,650
144,976
2,717
2,537
267,473
Additions
750
58,492
111,187
1,170
-
171,599
At 31 March 2024
6,343
170,142
256,163
3,887
2,537
439,072
At 1 April 2023
186
21,712
25,345
97
412
47,752
Charge for the year
1,244
23,338
31,196
631
846
57,255
At 31 March 2024
1,430
45,050
56,541
728
1,258
105,007
At 31 March 2024
4,913
125,092
199,622
3,159
1,279
334,065
At 31 March 2023
5,407
89,938
119,631
2,620
2,125
219,721
Saturn Turbo Services Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
488,697
425,085
Accrued income and prepayments
4,868
3,720
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
37,333
23,495
Trade creditors
147,715
193,664
Taxes and social security
207,014
47,019
Other creditors
1,986
1,355
Loans from directors
(10,526)
49,887
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
122,784
74,867
8
Transactions with related parties
Directors Salaries £25,140
Loan to directors
Mr C Wainwright 2nd February 2024 £10 763 repaid 6th April 2024
Loan from directors
Mr D Huddleston £237
9
Average number of employees
During the year the average number of employees was 11 (2023: 8).