Company Registration No. 8455663 (England and Wales)
Elite MOT Centre Cumbria Limited
Unaudited accounts
for the year ended 31 March 2024
Elite MOT Centre Cumbria Limited
Unaudited accounts
Contents
Elite MOT Centre Cumbria Limited
Company Information
for the year ended 31 March 2024
Director
Scott Peter Kinsella
Company Number
8455663 (England and Wales)
Registered Office
Station Garage
Main Street
Egremont
CA22 2DJ
England
Accountants
Xeinadin Group
Regent House
Folds Road
Bolton
BL1 2RZ
Elite MOT Centre Cumbria Limited
Statement of financial position
as at 31 March 2024
Tangible assets
263,301
268,206
Cash at bank and in hand
98,685
90,096
Creditors: amounts falling due within one year
(68,187)
(59,131)
Net current assets
36,304
34,220
Total assets less current liabilities
299,605
302,426
Creditors: amounts falling due after more than one year
(108,579)
(142,018)
Provisions for liabilities
Deferred tax
(20,248)
(13,253)
Net assets
170,778
147,155
Called up share capital
1
1
Profit and loss account
170,777
147,154
Shareholders' funds
170,778
147,155
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 12 August 2024 and were signed on its behalf by
Scott Peter Kinsella
Director
Company Registration No. 8455663
Elite MOT Centre Cumbria Limited
Notes to the Accounts
for the year ended 31 March 2024
Elite MOT Centre Cumbria Limited is a private company, limited by shares, registered in England and Wales, registration number 8455663. The registered office is Station Garage, Main Street, Egremont, CA22 2DJ, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
15% reducing balance
Motor vehicles
15% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
33% straight line
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Elite MOT Centre Cumbria Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Total
Charge for the year
22,603
Allotted, called up and fully paid:
99 Ordinary shares of £0.01 each
0.99
0.99
1 Ordinary A share of £0.01 each
0.01
0.01
6
Average number of employees
During the year the average number of employees was 5 (2023: 5).