Company Registration No. 11271515 (England and Wales)
Standish Car Sales Limited
Unaudited accounts
for the year ended 31 March 2024
Standish Car Sales Limited
Unaudited accounts
Contents
Standish Car Sales Limited
Company Information
for the year ended 31 March 2024
Company Number
11271515 (England and Wales)
Registered Office
20 Old Kiln Lane
Heaton
Bolton
BL1 5PD
Accountants
J F Balshaw & Co
20 Old Kiln Lane
Heaton
Bolton
Lancashire
BL1 5PD
Standish Car Sales Limited
Statement of financial position
as at 31 March 2024
Tangible assets
130,146
17,182
Cash at bank and in hand
135,039
239,519
Creditors: amounts falling due within one year
(156,576)
(168,638)
Net current assets
16,315
103,264
Net assets
146,461
120,446
Called up share capital
100
100
Profit and loss account
146,361
120,346
Shareholders' funds
146,461
120,446
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 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 18 April 2024 and were signed on its behalf by
Mr D Tennant
Director
Company Registration No. 11271515
Standish Car Sales Limited
Notes to the Accounts
for the year ended 31 March 2024
Standish Car Sales Limited is a private company, limited by shares, registered in England and Wales, registration number 11271515. The registered office is 20 Old Kiln Lane, Heaton, Bolton, BL1 5PD.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
20% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Land & buildings
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
-
20,144
2,155
22,299
Additions
110,000
8,000
-
118,000
At 31 March 2024
110,000
28,144
2,155
140,299
At 1 April 2023
-
4,029
1,088
5,117
Charge for the year
-
4,823
213
5,036
At 31 March 2024
-
8,852
1,301
10,153
At 31 March 2024
110,000
19,292
854
130,146
At 31 March 2023
-
16,115
1,067
17,182
Standish Car Sales Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
10,378
11,867
Loans from directors
145,788
148,379
6
Transactions with related parties
The company owes a balance of £145,788 (2023 £148,379) to the director, Mr D Tennant.
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Average number of employees
During the year the average number of employees was 1 (2023: 1).