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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
Page
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Standish Car Sales Limited Company Information for the year ended 31 March 2024
Director
Mr D Tennant
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
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Standish Car Sales Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
130,146 
17,182 
Current assets
Inventories
37,852 
32,383 
Cash at bank and in hand
135,039 
239,519 
172,891 
271,902 
Creditors: amounts falling due within one year
(156,576)
(168,638)
Net current assets
16,315 
103,264 
Net assets
146,461 
120,446 
Capital and reserves
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
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Standish Car Sales Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
Depreciation
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 
Net book value
At 31 March 2024
110,000 
19,292 
854 
130,146 
At 31 March 2023
- 
16,115 
1,067 
17,182 
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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 
Other creditors
- 
7,992 
Loans from directors
145,788 
148,379 
Accruals
410 
400 
156,576 
168,638 
6
Transactions with related parties
The company owes a balance of £145,788 (2023 £148,379) to the director, Mr D Tennant.
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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