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REGISTERED NUMBER: SC291127 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

East Kilbride Auto Care Limited

East Kilbride Auto Care Limited (Registered number: SC291127)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

East Kilbride Auto Care Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: R Hannah





SECRETARY: R Hannah





REGISTERED OFFICE: 2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG





REGISTERED NUMBER: SC291127 (Scotland)





ACCOUNTANTS: Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG

East Kilbride Auto Care Limited (Registered number: SC291127)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,344 57,459

CURRENT ASSETS
Debtors 5 103,907 88,400
Prepayments and accrued income 2,732 12,999
Cash at bank and in hand 302,162 221,101
408,801 322,500
CREDITORS
Amounts falling due within one year 6 266,642 189,173
NET CURRENT ASSETS 142,159 133,327
TOTAL ASSETS LESS CURRENT
LIABILITIES

199,503

190,786

CREDITORS
Amounts falling due after more than one
year

7

(32,299

)

(47,862

)

PROVISIONS FOR LIABILITIES (7,476 ) (5,371 )
NET ASSETS 159,728 137,553

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 159,628 137,453
SHAREHOLDERS' FUNDS 159,728 137,553

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 director acknowledges his 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.

East Kilbride Auto Care Limited (Registered number: SC291127)

Balance Sheet - 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.

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

The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:





R Hannah - Director


East Kilbride Auto Care Limited (Registered number: SC291127)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

East Kilbride Auto Care Limited is a private company, limited by shares , registered in Scotland. 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 - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

East Kilbride Auto Care Limited (Registered number: SC291127)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 211,386
Additions 31,735
At 31 January 2024 243,121
DEPRECIATION
At 1 February 2023 153,927
Charge for year 31,850
At 31 January 2024 185,777
NET BOOK VALUE
At 31 January 2024 57,344
At 31 January 2023 57,459

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

Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 51,662
DEPRECIATION
At 1 February 2023 28,748
Charge for year 7,638
At 31 January 2024 36,386
NET BOOK VALUE
At 31 January 2024 15,276
At 31 January 2023 22,914

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 103,907 88,250
Other debtors - 150
103,907 88,400

East Kilbride Auto Care Limited (Registered number: SC291127)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 5,921 7,302
Trade creditors 70,870 66,498
Taxation and social security 46,064 41,653
Other creditors 133,787 63,720
266,642 189,173

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 15,152 24,794
Hire purchase contracts (see note 8) 17,147 23,068
32,299 47,862

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.1.24 31.1.23
£    £   
Net obligations repayable:
Within one year 5,921 7,302
Between one and five years 17,147 23,068
23,068 30,370

Non-cancellable operating leases
31.1.24 31.1.23
£    £   
Between one and five years 32,500 32,500

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 25,152 34,794
Hire purchase contracts 23,068 30,370
48,220 65,164

The bank loan is secured by a government backed guarantee.

Hire purchase creditors are secured against the assets to which they relate.

East Kilbride Auto Care Limited

Report of the Accountants to the Director of
East Kilbride Auto Care Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG


29 August 2024