LOCHGELLY AUTOCENTRE LTD

Company Registration Number:
SC676698 (Scotland)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

LOCHGELLY AUTOCENTRE LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

LOCHGELLY AUTOCENTRE LTD

Company Information

for the Period Ended 31 October 2023




Director: SHAUN THOMSON
KEVIN THOMSON
Registered office: Unit 3
Cartmore Industrial Estate
Lochgelly
Fife
GB-SCT
KY5 8LL
Company Registration Number: SC676698 (Scotland)

LOCHGELLY AUTOCENTRE LTD

Balance sheet

As at 31 October 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 17,019 17,576
Total fixed assets: 17,019 17,576
Current assets
Debtors: 22,418 12,406
Cash at bank and in hand: 36,230 33,670
Total current assets: 58,648 46,076
Creditors: amounts falling due within one year: ( 91,973 ) ( 57,207 )
Net current assets (liabilities): ( 33,325 ) ( 11,131 )
Total assets less current liabilities: ( 16,306 ) 6,445
Total net assets (liabilities): ( 16,306 ) 6,445

The notes form part of these financial statements

LOCHGELLY AUTOCENTRE LTD

Balance sheet continued

As at 31 October 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 16,406 ) 6,345
Shareholders funds: ( 16,306 ) 6,445

For the year ending 31 October 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 30 October 2024
And Signed On Behalf Of The Board By:

Name: SHAUN THOMSON
Status: Director

The notes form part of these financial statements

LOCHGELLY AUTOCENTRE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

LOCHGELLY AUTOCENTRE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 3 3

LOCHGELLY AUTOCENTRE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 3. Off balance sheet disclosure

    No

LOCHGELLY AUTOCENTRE LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Tangible Assets

Total
Cost £
At 01 November 2022 24,700
Additions 3,698
Disposals -
Revaluations -
Transfers -
At 31 October 2023 28,398
Depreciation
At 01 November 2022 7,124
Charge for year 4,255
On disposals -
Other adjustments -
At 31 October 2023 11,379
Net book value
At 31 October 2023 17,019
At 31 October 2022 17,576