Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 12427168 Mr Sucha Singh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12427168 2023-01-31 12427168 2024-01-31 12427168 2023-02-01 2024-01-31 12427168 frs-core:CurrentFinancialInstruments 2024-01-31 12427168 frs-core:Non-currentFinancialInstruments 2024-01-31 12427168 frs-core:MotorVehicles 2024-01-31 12427168 frs-core:MotorVehicles 2023-02-01 2024-01-31 12427168 frs-core:MotorVehicles 2023-01-31 12427168 frs-core:PlantMachinery 2024-01-31 12427168 frs-core:PlantMachinery 2023-02-01 2024-01-31 12427168 frs-core:PlantMachinery 2023-01-31 12427168 frs-core:ShareCapital 2024-01-31 12427168 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 12427168 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12427168 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 12427168 frs-bus:SmallEntities 2023-02-01 2024-01-31 12427168 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12427168 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12427168 frs-bus:Director1 2023-02-01 2024-01-31 12427168 frs-countries:EnglandWales 2023-02-01 2024-01-31 12427168 2022-01-31 12427168 2023-01-31 12427168 2022-02-01 2023-01-31 12427168 frs-core:CurrentFinancialInstruments 2023-01-31 12427168 frs-core:Non-currentFinancialInstruments 2023-01-31 12427168 frs-core:ShareCapital 2023-01-31 12427168 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 12427168
Sedgley Service Station Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Berlins (UK) Limited
Chartered Certified Accountants
1st floor, 31a Grove Lane
Handsworth
Birmingham
West Midlands
B21 9ES
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12427168
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,720 43,626
32,720 43,626
CURRENT ASSETS
Stocks 5 52,565 10,550
Debtors 6 13,241 11,669
Cash at bank and in hand 80,780 125,636
146,586 147,855
Creditors: Amounts Falling Due Within One Year 7 (114,580 ) (105,382 )
NET CURRENT ASSETS (LIABILITIES) 32,006 42,473
TOTAL ASSETS LESS CURRENT LIABILITIES 64,726 86,099
Creditors: Amounts Falling Due After More Than One Year 8 (23,354 ) (59,700 )
NET ASSETS 41,372 26,399
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 41,272 26,299
SHAREHOLDERS' FUNDS 41,372 26,399
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For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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 Sucha Singh
Director
10 August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Sedgley Service Station Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12427168 . The registered office is Sedgeley Gas Station, Gospel End Road, Dudley, West Midlands, DY3 3LT.
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 25% Reducing Balance
Motor Vehicles 25% 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.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 February 2023 54,472 3,696 58,168
As at 31 January 2024 54,472 3,696 58,168
Depreciation
As at 1 February 2023 13,618 924 14,542
Provided during the period 10,213 693 10,906
As at 31 January 2024 23,831 1,617 25,448
Net Book Value
As at 31 January 2024 30,641 2,079 32,720
As at 1 February 2023 40,854 2,772 43,626
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5. Stocks
2024 2023
£ £
Finished goods 52,565 10,550
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 162
Other debtors 13,241 11,507
13,241 11,669
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,844 62,114
Other creditors 77,863 22,842
Taxation and social security 25,873 20,426
114,580 105,382
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 23,354 59,700
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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