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REGISTERED NUMBER: 07471866 (England and Wales)














STATION MOTORS (SUTTON) LTD

Unaudited Financial Statements

for the Year Ended 31 December 2023






STATION MOTORS (SUTTON) LTD (REGISTERED NUMBER: 07471866)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STATION MOTORS (SUTTON) LTD

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J B Lloyd
W Lloyd





REGISTERED OFFICE: Station Road
Sutton In Ashfield
Nottinghamshire
NG17 5HF





REGISTERED NUMBER: 07471866 (England and Wales)






STATION MOTORS (SUTTON) LTD (REGISTERED NUMBER: 07471866)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,130,155 5,623,508
8,130,155 5,623,508

CURRENT ASSETS
Stocks 94,750 186,574
Debtors 6 742,806 1,312,041
Investments 7 - 2
Cash at bank and in hand 78,336 137,594
915,892 1,636,211
CREDITORS
Amounts falling due within one year 8 4,531,639 4,078,904
NET CURRENT LIABILITIES (3,615,747 ) (2,442,693 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,514,408

3,180,815

CREDITORS
Amounts falling due after more than one
year

9

(3,816,568

)

(1,859,421

)

PROVISIONS FOR LIABILITIES (213,460 ) (232,664 )
NET ASSETS 484,380 1,088,730

STATION MOTORS (SUTTON) LTD (REGISTERED NUMBER: 07471866)

Balance Sheet - continued
31 December 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 484,360 1,088,710
484,380 1,088,730

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 23 April 2024 and were signed on its behalf by:




J B Lloyd - Director



W Lloyd - Director


STATION MOTORS (SUTTON) LTD (REGISTERED NUMBER: 07471866)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Station Motors (Sutton) Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.


STATION MOTORS (SUTTON) LTD (REGISTERED NUMBER: 07471866)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 11,100
AMORTISATION
At 1 January 2023
and 31 December 2023 11,100
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

STATION MOTORS (SUTTON) LTD (REGISTERED NUMBER: 07471866)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 8,571,937
Additions 6,593,718
Disposals (3,143,555 )
At 31 December 2023 12,022,100
DEPRECIATION
At 1 January 2023 2,948,429
Charge for year 1,813,622
Eliminated on disposal (870,106 )
At 31 December 2023 3,891,945
NET BOOK VALUE
At 31 December 2023 8,130,155
At 31 December 2022 5,623,508

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 546,028 833,070
Amounts owed by group undertakings - 331,937
Other debtors 196,778 147,034
742,806 1,312,041

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Shares in group undertakings - 2

STATION MOTORS (SUTTON) LTD (REGISTERED NUMBER: 07471866)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 2,706,485 1,594,404
Trade creditors 1,390,030 1,985,951
Taxation and social security 65,733 (31,625 )
Other creditors 359,391 520,174
4,531,639 4,078,904

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 14,167 24,167
Hire purchase contracts 3,272,538 1,825,704
Other creditors 529,863 9,550
3,816,568 1,859,421