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REGISTERED NUMBER: 09903582 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Sowerby Bridge Independent Auto
Services Limited

Sowerby Bridge Independent Auto
Services Limited (Registered number: 09903582)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sowerby Bridge Independent Auto
Services Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D Partridge
J Loughran





SECRETARY:





REGISTERED OFFICE: Horley Green House
Horley Green Road
Halifax
West Yorkshire
HX3 6AS





REGISTERED NUMBER: 09903582 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

Sowerby Bridge Independent Auto
Services Limited (Registered number: 09903582)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 73,500 70,359

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 5 18,013 3,338
Cash at bank 31,181 52,712
51,694 58,550
CREDITORS
Amounts falling due within one year 6 51,288 41,608
NET CURRENT ASSETS 406 16,942
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,906

87,301

CREDITORS
Amounts falling due after more than one year 7 (25,668 ) (38,476 )

PROVISIONS FOR LIABILITIES (11,567 ) (8,740 )
NET ASSETS 36,671 40,085

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 36,571 39,985
SHAREHOLDERS' FUNDS 36,671 40,085

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:



D Partridge - Director


Sowerby Bridge Independent Auto
Services Limited (Registered number: 09903582)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Sowerby Bridge Independent Auto Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Sowerby Bridge Independent Auto
Services Limited (Registered number: 09903582)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 73,611 6,299 40,014 119,924
Additions 10,900 - 31,100 42,000
Disposals - - (27,597 ) (27,597 )
At 31 December 2023 84,511 6,299 43,517 134,327
DEPRECIATION
At 1 January 2023 30,532 3,655 15,378 49,565
Charge for year 10,137 445 14,276 24,858
Eliminated on disposal - - (13,596 ) (13,596 )
At 31 December 2023 40,669 4,100 16,058 60,827
NET BOOK VALUE
At 31 December 2023 43,842 2,199 27,459 73,500
At 31 December 2022 43,079 2,644 24,636 70,359

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 16,851 2,037
Prepayments 1,162 1,301
18,013 3,338

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 263 3,333
Hire purchase contracts 11,779 -
Trade creditors 12,779 7,195
Tax 8,199 19,278
VAT 15,932 8,492
Directors' loan accounts 536 1,510
Accrued expenses 1,800 1,800
51,288 41,608

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 2-5 years 25,668 33,398
Hire purchase contracts - 5,078
25,668 38,476

8. RELATED PARTY DISCLOSURES

The company is controlled by the company director.