Company Registration No. SC620518 (Scotland)
Islay Auto Services Ltd
Unaudited accounts
for the year ended 31 March 2023
Islay Auto Services Ltd
Unaudited accounts
Contents
Islay Auto Services Ltd
Company Information
for the year ended 31 March 2023
Company Number
SC620518 (Scotland)
Registered Office
Unit 2 Whinpark
Bridgend
Isle Of Islay
PA44 7NZ
United Kingdom
Accountants
Brendan Lacey Accounting
34 South Chesters Medway
Bonnyrigg
EH19 3GG
Islay Auto Services Ltd
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
40,686
Creditors: amounts falling due within one year
(12,826)
Total assets less current liabilities
105,169
Creditors: amounts falling due after more than one year
(51,641)
Called up share capital
50
Profit and loss account
53,478
Shareholders' funds
53,528
For the year ending 31 March 2023 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.
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 15 October 2024 and were signed on its behalf by
Jonathan Douglas
Director
Company Registration No. SC620518
Islay Auto Services Ltd
Notes to the Accounts
for the year ended 31 March 2023
Islay Auto Services Ltd is a private company, limited by shares, registered in Scotland, registration number SC620518. The registered office is Unit 2 Whinpark, Bridgend, Isle Of Islay, PA44 7NZ, United Kingdom.
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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
6,008
47,106
26,495
79,609
Additions
1,938
495
21,000
23,433
At 31 March 2023
7,946
47,601
47,495
103,042
At 1 April 2022
1,625
25,625
858
28,108
Charge for the year
498
6,227
4,392
11,117
At 31 March 2023
2,123
31,852
5,250
39,225
At 31 March 2023
5,823
15,749
42,245
63,817
Islay Auto Services Ltd
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
Taxes and social security
2,140
7
Creditors: amounts falling due after more than one year
2023
Loans from directors
18,411
8
Average number of employees
During the year the average number of employees was 4.