REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
FOR |
CRESTLANDS BRAKE & MOT TESTING FACILITY |
LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
FOR |
CRESTLANDS BRAKE & MOT TESTING FACILITY |
LIMITED |
CRESTLANDS BRAKE & MOT TESTING FACILITY |
LIMITED (REGISTERED NUMBER: 09074080) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
CRESTLANDS BRAKE & MOT TESTING FACILITY |
LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
61 Station Road |
Sudbury |
Suffolk |
CO10 2SP |
CRESTLANDS BRAKE & MOT TESTING FACILITY |
LIMITED (REGISTERED NUMBER: 09074080) |
BALANCE SHEET |
31 OCTOBER 2023 |
31.10.22 | 31.10.23 |
£ | £ | Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 6 |
( |
) | NET CURRENT ASSETS/(LIABILITIES) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
( |
) | Amounts falling due after more than one year |
7 |
( |
) |
( |
) | PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CRESTLANDS BRAKE & MOT TESTING FACILITY |
LIMITED (REGISTERED NUMBER: 09074080) |
BALANCE SHEET - continued |
31 OCTOBER 2023 |
31.10.22 | 31.10.23 |
£ | £ | Notes | £ | £ |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve |
Retained earnings (non-dist) |
( |
) | Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS |
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. |
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 |
CRESTLANDS BRAKE & MOT TESTING FACILITY |
LIMITED (REGISTERED NUMBER: 09074080) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
1. | STATUTORY INFORMATION |
Crestlands Brake & MOT Testing Facility Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the value of work completed and invoiced during the year, by reference to invoiced sales and the movement between opening and closing trade debtor balances. |
Tangible fixed assets |
The company's fixed assets were revalued during the year and as a result no depreciation charge has been made within the accounts, thus reflecting the current market value of the assets at the balance sheet date. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
Financial instruments |
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts. |
CRESTLANDS BRAKE & MOT TESTING FACILITY |
LIMITED (REGISTERED NUMBER: 09074080) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Freehold | Plant & |
Totals | property | machinery |
£ | £ | £ |
COST OR VALUATION |
At 1 November 2022 |
Additions |
Disposals | ( |
) |
Revaluations |
At 31 October 2023 |
DEPRECIATION |
At 1 November 2022 |
Eliminated on disposal | ( |
) |
At 31 October 2023 |
NET BOOK VALUE |
At 31 October 2023 |
At 31 October 2022 |
Fixtures |
and | Motor | Office |
fittings | vehicles | equipment |
£ | £ | £ |
COST OR VALUATION |
At 1 November 2022 |
Additions |
Disposals | ( |
) |
Revaluations | ( |
) |
At 31 October 2023 |
DEPRECIATION |
At 1 November 2022 |
Eliminated on disposal | ( |
) |
At 31 October 2023 |
NET BOOK VALUE |
At 31 October 2023 |
At 31 October 2022 |
CRESTLANDS BRAKE & MOT TESTING FACILITY |
LIMITED (REGISTERED NUMBER: 09074080) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
4. | TANGIBLE FIXED ASSETS - continued |
Cost or valuation at 31 October 2023 is represented by: |
Freehold | Plant & |
Totals | property | machinery |
£ | £ | £ |
Valuation in 2019 | 51,970 | - | 51,970 |
Valuation in 2018 | 91,752 | - | 6,772 |
Valuation in 2020 | 136,900 | - | 137,908 |
Valuation in 2021 | 23,076 | - | 11,827 |
Valuation in 2022 | (12,574 | ) | - | (36,260 | ) |
Valuation in 2023 | 787,197 | 787,206 | 1,026 |
Cost | 963,422 | 612,794 | 199,991 |
2,041,743 | 1,400,000 | 373,234 |
Fixtures |
and | Motor | Office |
fittings | vehicles | equipment |
£ | £ | £ |
Valuation in 2018 | - | 84,980 | - |
Valuation in 2020 | 809 | (1,817 | ) | - |
Valuation in 2021 | 1,404 | 9,845 | - |
Valuation in 2022 | (2,754 | ) | 26,440 | - |
Valuation in 2023 | (3,614 | ) | 2,579 | - |
Cost | 37,970 | 111,267 | 1,400 |
33,815 | 233,294 | 1,400 |
If Freehold property had not been revalued it would have been included at the following historical cost: |
31.10.23 | 31.10.22 |
£ | £ |
Cost | 612,794 | 612,794 |
The freehold property was valued on an open market basis on 31 October 2023 by the directors of the company . |
CRESTLANDS BRAKE & MOT TESTING FACILITY |
LIMITED (REGISTERED NUMBER: 09074080) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.23 | 31.10.22 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.23 | 31.10.22 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.10.23 | 31.10.22 |
£ | £ |
Bank loans |
Other creditors |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 160,541 | 171,297 |
8. | SECURED DEBTS |
Lloyds Bank PLC hold a fixed and floating charge over Wiles House, Crestlands Business Park, Bull Lane, Acton, Sudbury, Suffolk, CO10 0BD. |