Registered number
14638861
ONE STOP AUTO REPAIR & SALES LTD
Filleted Accounts
31 January 2024
ONE STOP AUTO REPAIR & SALES LTD
Registered number: 14638861
Balance Sheet
as at 31 January 2024
Notes 2024
£
Fixed assets
Tangible assets 2 -
-
Current assets
Stocks -
Debtors 3 -
Cash at bank and in hand 292
292
Creditors: amounts falling due within one year 4 -
Net current assets 292
Total assets less current liabilities 292
Creditors: amounts falling due after more than one year 5 (51,761)
Net liabilities (51,469)
Capital and reserves
Called up share capital 1
Profit and loss account (51,470)
Shareholder's funds (51,469)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Irfan Azeem
Director
Approved by the board on 28 October 2024
ONE STOP AUTO REPAIR & SALES LTD
Notes to the Accounts
for the period from 3 February 2023 to 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 18% pa
Fixtures, fittings, tools and equipment 18% pa
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024
Number
Average number of persons employed by the company 4
2 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 3 February 2023 - - - -
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 31 January 2024 - - - -
Depreciation
At 3 February 2023 - - - -
Charge for the period - - - -
Surplus on revaluation - - - -
On disposals - - - -
At 31 January 2024 - - - -
Net book value
At 31 January 2024 - - - -
At 2 February 2023 - - - -
3 Debtors 2024
£
Trade debtors -
Other debtors -
-
Amounts due after more than one year included above -
4 Creditors: amounts falling due within one year 2024
£
Trade creditors -
Taxation and social security costs -
Other creditors -
-
5 Creditors: amounts falling due after one year 2024
£
Bank loans -
Director's Loan 51,761
Trade creditors -
Other creditors -
51,761
6 Other information
ONE STOP AUTO REPAIR & SALES LTD is a private company limited by shares and incorporated in England. Its registered office is:
Alexandra House, Calderbrook Road
Littleborough
Rochdale
Greater Manchester
OL15 9HL
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