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Registered number: 09818770
Stretton MOT Centre Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Footprints Accountancy
CIMA
24 Gander Lane
Barlborough
Chesterfield
S43 4PZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09818770
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,197 16,496
13,197 16,496
CURRENT ASSETS
Stocks 5 1,000 1,000
Cash at bank and in hand 10,679 4,837
11,679 5,837
Creditors: Amounts Falling Due Within One Year 6 (44,641 ) (40,151 )
NET CURRENT ASSETS (LIABILITIES) (32,962 ) (34,314 )
TOTAL ASSETS LESS CURRENT LIABILITIES (19,765 ) (17,818 )
NET LIABILITIES (19,765 ) (17,818 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (19,865 ) (17,918 )
SHAREHOLDERS' FUNDS (19,765) (17,818)
Page 1
Page 2
For the year ending 31 October 2023 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Vincent Wisternoff
Director
31 July 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Stretton MOT Centre Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09818770 . The registered office is 27 Church Street North, Old Whittington, Chesterfield, Derbyshire, S41 9QN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing balance
Fixtures & Fittings 20% Reducing balance
Computer Equipment 20% Reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2022 23,378 6,401 29,779
As at 31 October 2023 23,378 6,401 29,779
Depreciation
As at 1 November 2022 10,979 2,304 13,283
Provided during the period 2,480 819 3,299
As at 31 October 2023 13,459 3,123 16,582
...CONTINUED
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Net Book Value
As at 31 October 2023 9,919 3,278 13,197
As at 1 November 2022 12,399 4,097 16,496
5. Stocks
2023 2022
£ £
Stock 1,000 1,000
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,631 -
Other taxes and social security 430 430
VAT 2,235 -
Accruals and deferred income 1,801 1,801
Directors' loan accounts 38,544 37,920
44,641 40,151
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4