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REGISTERED NUMBER: 07126322 (England and Wales)















STREBOR VEHICLE SERVICES LTD

ABRIDGED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024






STREBOR VEHICLE SERVICES LTD (REGISTERED NUMBER: 07126322)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


STREBOR VEHICLE SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: R N Roberts
J B Roberts





REGISTERED OFFICE: Henry Morgan House
Industry Road
Carlton
Barnsley
South Yorkshire
S71 3PQ





REGISTERED NUMBER: 07126322 (England and Wales)






STREBOR VEHICLE SERVICES LTD (REGISTERED NUMBER: 07126322)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,892 40,373

CURRENT ASSETS
Stocks 100 200
Debtors 49,828 186,192
Cash at bank and in hand 17,748 24,939
67,676 211,331
CREDITORS
Amounts falling due within one year 82,370 70,038
NET CURRENT (LIABILITIES)/ASSETS (14,694 ) 141,293
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,198

181,666

CREDITORS
Amounts falling due after more than one
year

(13,880

)

(25,278

)

PROVISIONS FOR LIABILITIES (7,307 ) (7,591 )
NET (LIABILITIES)/ASSETS (3,989 ) 148,797

CAPITAL AND RESERVES
Called up share capital 1 10
Capital redemption reserve 9 -
Retained earnings (3,999 ) 148,787
SHAREHOLDERS' FUNDS (3,989 ) 148,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

STREBOR VEHICLE SERVICES LTD (REGISTERED NUMBER: 07126322)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2024


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 8 October 2024 and were signed on its behalf by:





J B Roberts - Director


STREBOR VEHICLE SERVICES LTD (REGISTERED NUMBER: 07126322)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Strebor Vehicle Services Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 50% on cost, 25% on reducing balance and 10% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

STREBOR VEHICLE SERVICES LTD (REGISTERED NUMBER: 07126322)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 129,685
Additions 3,344
Disposals (1,061 )
At 31 January 2024 131,968
DEPRECIATION
At 1 February 2023 89,312
Charge for year 11,081
Eliminated on disposal (317 )
At 31 January 2024 100,076
NET BOOK VALUE
At 31 January 2024 31,892
At 31 January 2023 40,373

STREBOR VEHICLE SERVICES LTD (REGISTERED NUMBER: 07126322)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 February 2023
and 31 January 2024 21,156
DEPRECIATION
At 1 February 2023 5,620
Charge for year 3,884
At 31 January 2024 9,504
NET BOOK VALUE
At 31 January 2024 11,652
At 31 January 2023 15,536

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
R N Roberts
Balance outstanding at start of year 150,343 105,948
Amounts advanced - 44,395
Amounts repaid (150,343 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 150,343