Company Registration No. 08362624 (England and Wales)
Drayton MOT Centre Limited
Unaudited accounts
for the year ended 31 March 2024
Drayton MOT Centre Limited
Unaudited accounts
Contents
Drayton MOT Centre Limited
Company Information
for the year ended 31 March 2024
Directors
S Cansfield
J Cansfield
Company Number
08362624 (England and Wales)
Registered Office
203 West Street
Fareham
Hampshire
PO16 0EN
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Drayton MOT Centre Limited
Accountants' report
Accountants' report to the board of directors of Drayton MOT Centre Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Drayton MOT Centre Limited for the year ended
31 March 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Drayton MOT Centre Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Drayton MOT Centre Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Drayton MOT Centre Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Drayton MOT Centre Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Drayton MOT Centre Limited. You consider that Drayton MOT Centre Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Drayton MOT Centre Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
17 July 2024
Drayton MOT Centre Limited
Statement of financial position
as at 31 March 2024
Tangible assets
5,373
3,693
Cash at bank and in hand
167,261
140,606
Creditors: amounts falling due within one year
(135,036)
(130,692)
Net current assets
36,094
19,114
Called up share capital
2
2
Profit and loss account
41,465
22,805
Shareholders' funds
41,467
22,807
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 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 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 of Directors and authorised for issue on 17 July 2024 and were signed on its behalf by
S Cansfield
Director
Company Registration No. 08362624
Drayton MOT Centre Limited
Notes to the Accounts
for the year ended 31 March 2024
Drayton MOT Centre Limited is a private company, limited by shares, registered in England and Wales, registration number 08362624. The registered office is 203 West Street, Fareham, Hampshire, PO16 0EN.
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.
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
25 % reducing balance
Motor vehicles
25 % reducing balance
Computer equipment
25 % reducing balance
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill - 25 % straight line
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Drayton MOT Centre Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
10,951
3,199
8,250
22,400
Additions
1,761
-
1,270
3,031
At 31 March 2024
12,712
3,199
9,520
25,431
At 1 April 2023
9,497
2,959
6,251
18,707
Charge for the year
722
60
569
1,351
At 31 March 2024
10,219
3,019
6,820
20,058
At 31 March 2024
2,493
180
2,700
5,373
At 31 March 2023
1,454
240
1,999
3,693
Amounts falling due within one year
Accrued income and prepayments
1,169
6,500
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
45,124
28,616
Taxes and social security
10,187
10,409
Other creditors
3,684
3,000
Loans from directors
63,264
75,229
Drayton MOT Centre Limited
Notes to the Accounts
for the year ended 31 March 2024
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
(75,229)
(12,096)
(24,061)
(63,264)
(75,229)
(12,096)
(24,061)
(63,264)
10
Average number of employees
During the year the average number of employees was 3 (2023: 4).