Cridge Auto Services Limited 05996641 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is that of motor vehicle repairs and MOTs. Digita Accounts Production Advanced 6.30.9574.0 true true 05996641 2022-12-01 2023-11-30 05996641 2023-11-30 05996641 core:CurrentFinancialInstruments 2023-11-30 05996641 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 05996641 core:FurnitureFittings 2023-11-30 05996641 core:MotorVehicles 2023-11-30 05996641 core:PlantMachinery 2023-11-30 05996641 bus:SmallEntities 2022-12-01 2023-11-30 05996641 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 05996641 bus:FullAccounts 2022-12-01 2023-11-30 05996641 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 05996641 bus:RegisteredOffice 2022-12-01 2023-11-30 05996641 bus:Director1 2022-12-01 2023-11-30 05996641 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 05996641 core:FurnitureFittings 2022-12-01 2023-11-30 05996641 core:MotorCars 2022-12-01 2023-11-30 05996641 core:MotorVehicles 2022-12-01 2023-11-30 05996641 core:PlantMachinery 2022-12-01 2023-11-30 05996641 1 2022-12-01 2023-11-30 05996641 countries:EnglandWales 2022-12-01 2023-11-30 05996641 2022-11-30 05996641 core:FurnitureFittings 2022-11-30 05996641 core:MotorVehicles 2022-11-30 05996641 core:PlantMachinery 2022-11-30 05996641 2021-12-01 2022-11-30 05996641 2022-11-30 05996641 core:CurrentFinancialInstruments 2022-11-30 05996641 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 05996641 core:FurnitureFittings 2022-11-30 05996641 core:MotorVehicles 2022-11-30 05996641 core:PlantMachinery 2022-11-30 iso4217:GBP xbrli:pure

Registration number: 05996641

Cridge Auto Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Cridge Auto Services Limited

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 6

 

Cridge Auto Services Limited

(Registration number: 05996641)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

23,541

10,842

Current assets

 

Stocks

7,846

6,984

Debtors

5

39,152

10,102

Cash at bank and in hand

 

661,212

596,481

 

708,210

613,567

Creditors: Amounts falling due within one year

6

(101,819)

(45,535)

Net current assets

 

606,391

568,032

Total assets less current liabilities

 

629,932

578,874

Provisions for liabilities

(1,510)

(1,513)

Net assets

 

628,422

577,361

Capital and reserves

 

Called up share capital

2

2

Retained earnings

628,420

577,359

Shareholders' funds

 

628,422

577,361

 

Cridge Auto Services Limited

(Registration number: 05996641)
Balance Sheet as at 30 November 2023

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 April 2024
 

.........................................
Mr P Cridge
Director

 

Cridge Auto Services Limited

Notes to the Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 Southbank Glen
Royal Wootton Bassett
Swindon
Wiltshire
SN4 8QZ
England

The principal place of business is:
Unit 26
Whitehill Industrial Estate
Whitehill Lane
Swindon
Wiltshire
SN4 7DB

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Cridge Auto Services Limited

Notes to the Financial Statements for the Year Ended 30 November 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Furniture and fittings

25% reducing balance

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2022 - 4).

 

Cridge Auto Services Limited

Notes to the Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2022

6,210

68,602

27,937

102,749

Additions

2,892

2,099

15,553

20,544

At 30 November 2023

9,102

70,701

43,490

123,293

Depreciation

At 1 December 2022

4,898

62,423

24,585

91,906

Charge for the year

1,051

2,069

4,726

7,846

At 30 November 2023

5,949

64,492

29,311

99,752

Carrying amount

At 30 November 2023

3,153

6,209

14,179

23,541

At 30 November 2022

1,311

6,180

3,351

10,842

5

Debtors

2023
£

2022
£

Trade debtors

7,879

7,282

Prepayments

31,273

2,820

39,152

10,102

 

Cridge Auto Services Limited

Notes to the Financial Statements for the Year Ended 30 November 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

51,066

7,383

Amounts owed to group undertakings and undertakings in which the company has a participating interest

1,000

1,000

Taxation and social security

46,418

34,407

Other creditors

3,335

2,745

101,819

45,535

7

Related party transactions

Other transactions with the director

Included in other creditors is £753 (2022: £684) owed to a director

8

Parent and ultimate parent undertaking

The company's immediate parent is P & K Cridge Holdings Limited, incorporated in England and Wales.