South Norwood MOT Test Centre Ltd 07293558 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is Other business support service activities not elsewhere classified Digita Accounts Production Advanced 6.30.9574.0 true 07293558 2022-08-01 2023-07-31 07293558 2023-07-31 07293558 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 07293558 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 07293558 bus:Micro-entities 2022-08-01 2023-07-31 07293558 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 07293558 bus:FilletedAccounts 2022-08-01 2023-07-31 07293558 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 07293558 bus:RegisteredOffice 2022-08-01 2023-07-31 07293558 bus:CompanySecretaryDirector1 2022-08-01 2023-07-31 07293558 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 07293558 countries:EnglandWales 2022-08-01 2023-07-31 07293558 2021-08-01 2022-07-31 07293558 2022-07-31 07293558 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 07293558 core:Non-currentFinancialInstruments core:AfterOneYear 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 07293558

South Norwood MOT Test Centre Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

South Norwood MOT Test Centre Ltd

(Registration number: 07293558)
Balance Sheet as at 31 July 2023

2023
£

2022
£

Fixed assets

62,397

71,902

Current assets

33,650

40,324

Prepayments and accrued income

526

710

Creditors: Amounts falling due within one year

(44,049)

(36,202)

Net current (liabilities)/assets

(9,873)

4,832

Total assets less current liabilities

52,524

76,734

Creditors: Amounts falling due after more than one year

(18,093)

(22,026)

Accruals and deferred income

(19,924)

(13,054)

 

14,507

41,654

Capital and reserves

14,507

41,654

1

Directors' benefits: advances, credit guarantees

At the balance sheet date the company was owed £21,063 by its directors (2022: £28,918). The loan is unsecured, interest free and repayable on demand. The directors current account balance bears a commercial rate of interest of 2.5% per annum.

2

Staff numbers

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

3

Exceptional item affecting trading for the year ended 31 July 2022

In November 2021 the company suffered a catastrophic event when a fire broke out in it's Garage and MOT Test Centre at Unit 3, 67 Albert Road, South Norwood, SE25 4JD, which completely destroyed the premises. Consequently, the company was unable to continue its business and ceased trading in November 2021, whilst the necessary remedial, refurbishment and repairs to the garage were being carried out.

The company was able to recommence activities on a small scale on 25 July 2022, following the near completion of the remedial and refurbishment works. Consequently, the financial statements for the year ended 31 July 2022 only include four months of trading and the garage was closed for the remaining eight months whilst the necessary remedial, refurbishment and repair works were undertaken. The company was able to subcontract work for regular customers to a nearby garage during the period, on a small scale, since the company had no other garage from which to carry on trading. Total insurance reimbursements received to 31 July 2022 to cover all consequential losses due to the fire amounted to £121,417 and the whole amount has been included in the 2022 financial statements in the profit and loss account as a credit balance within general administrative expenses.

 

South Norwood MOT Test Centre Ltd

(Registration number: 07293558)
Balance Sheet as at 31 July 2023

4

General information

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

The address of its registered office is: 3rd Floor, 166 College Road, Harrow, Middlesex, HA1 1BH, United Kingdom.

These financial statements were authorised for issue by the Board on 30 July 2024.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The company had bank overdrafts totalling £6,848 (2022: £5,577), which are secured.

The company occupies premises owned by Mrs H Erodotou. A rent of £14,551 (2022: £4,763) was payable during the year under an informal agreement and at the balance sheet date, no amount was outstanding.

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 30 July 2024 and signed on its behalf by:
 

.........................................
Mrs H Erodotou
Company secretary and director