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REGISTERED NUMBER: 09074080 (England and Wales)















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: J T Ciaravolo
Ms A Mann





REGISTERED OFFICE: Wiles House
Crestlands Business Park
Bull Lane Industrial Estate
Sudbury
Suffolk
CO10 0BD





REGISTERED NUMBER: 09074080 (England and Wales)





ACCOUNTANTS: Seago and Stopps
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
1,282,110 Tangible assets 4 2,029,347

CURRENT ASSETS
18,750 Stocks 25,000
38,050 Debtors 5 83,914
470 Cash in hand 85
57,270 108,999
CREDITORS
63,233 Amounts falling due within one year 6 78,742
(5,963 ) NET CURRENT ASSETS/(LIABILITIES) 30,257
1,276,147 TOTAL ASSETS LESS CURRENT
LIABILITIES

2,059,604

CREDITORS
(511,471 ) Amounts falling due after more than one
year

7

(598,695

)

(106,527 ) PROVISIONS FOR LIABILITIES (21,061 )
658,149 NET ASSETS 1,439,848

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
100 Called up share capital 100
249,758 Revaluation reserve 1,092,122
477,786 Retained earnings (non-dist) 480,210
(69,495 ) Retained earnings (132,584 )
658,149 SHAREHOLDERS' FUNDS 1,439,848

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 11 April 2024 and were signed on its behalf by:





J T Ciaravolo - Director


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 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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 6 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant &
Totals property machinery
£    £    £   
COST OR VALUATION
At 1 November 2022 1,295,556 612,794 370,932
Additions 6,235 - 1,276
Disposals (47,245 ) - -
Revaluations 787,197 787,206 1,026
At 31 October 2023 2,041,743 1,400,000 373,234
DEPRECIATION
At 1 November 2022 13,446 - 6,584
Eliminated on disposal (1,050 ) - -
At 31 October 2023 12,396 - 6,584
NET BOOK VALUE
At 31 October 2023 2,029,347 1,400,000 366,650
At 31 October 2022 1,282,110 612,794 364,348

Fixtures
and Motor Office
fittings vehicles equipment
£    £    £   
COST OR VALUATION
At 1 November 2022 33,870 277,960 -
Additions 3,559 - 1,400
Disposals - (47,245 ) -
Revaluations (3,614 ) 2,579 -
At 31 October 2023 33,815 233,294 1,400
DEPRECIATION
At 1 November 2022 - 6,862 -
Eliminated on disposal - (1,050 ) -
At 31 October 2023 - 5,812 -
NET BOOK VALUE
At 31 October 2023 33,815 227,482 1,400
At 31 October 2022 33,870 271,098 -

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 24,680 3,660
Other debtors 59,234 34,390
83,914 38,050

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 35,059 36,660
Hire purchase contracts 184 3,703
Trade creditors 22,858 9,858
Taxation and social security 15,461 2,631
Other creditors 5,180 10,381
78,742 63,233

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 164,341 177,497
Other creditors 434,354 333,974
598,695 511,471

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.