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Registered number: 08433648














ENGINECHECK LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
ENGINECHECK LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
ENGINECHECK LIMITED
REGISTERED NUMBER:08433648

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
49,231
45,384

Current assets
  

Debtors: amounts falling due within one year
 5 
193,807
182,073

Cash at bank and in hand
  
110,478
7,901

  
304,285
189,974

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(134,570)
(140,503)

Net current assets
  
 
 
169,715
 
 
49,471

Total assets less current liabilities
  
218,946
94,855

Creditors: amounts falling due after more than one year
 7 
(11,665)
(21,667)

Provisions for liabilities
  

Deferred tax
  
(12,308)
-

  
 
 
(12,308)
 
 
-

Net assets
  
194,973
73,188


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
194,873
73,088

  
194,973
73,188


Page 1

 
ENGINECHECK LIMITED
REGISTERED NUMBER:08433648
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 October 2024.




Ross Gilbert
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ENGINECHECK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Enginecheck Limited is a company register in England and Wales. The registered office is Unit 9 Totman Crescent, Brook Road Industrial Estate, Rayleigh, Essex, United Kingdom, SS6 7UYD.
The principal activity of the company during the year was that of repair and maintenance of transport equipment.
The financial statements are presented in £ sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
Car parts revenue is recognised when the goods are dispatched. Car servicing revenue is recognised when the services are provided.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 3

 
ENGINECHECK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Fixtures and fittings
-
20%
Office equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 4

 
ENGINECHECK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. 
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted. 


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 4).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
36,658
6,266
23,223
66,147


Additions
3,274
10,815
2,538
16,627



At 31 March 2024

39,932
17,081
25,761
82,774



Depreciation


At 1 April 2023
13,723
1,099
5,942
20,764


Charge for the year on owned assets
5,475
3,182
4,122
12,779



At 31 March 2024

19,198
4,281
10,064
33,543



Net book value



At 31 March 2024
20,734
12,800
15,697
49,231



At 31 March 2023
22,935
5,167
17,281
45,383

Page 5

 
ENGINECHECK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
18,451
8,087

Other debtors
173,758
173,760

Prepayments and accrued income
1,598
226

193,807
182,073



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
10,000
10,000

Trade creditors
51,900
32,215

Amounts owed to group undertakings
1,920
-

Other taxation and social security
60,445
1,061

Other creditors
4,966
90,127

Accruals and deferred income
5,339
7,100

134,570
140,503



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
11,665
21,667



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
10,000
10,000

Amounts falling due 2-5 years

Other loans
11,666
21,666

21,666
31,666


Page 6

 
ENGINECHECK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Deferred taxation




2024


£






Charged to profit or loss
(12,308)



At end of year
(12,308)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(12,308)
-

(12,308)
-


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1 each
100
100



11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,737 (2023 - £697). Contributions totaling £Nil (2023 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.


12.


Related party transactions

Included within other debtors is an amount of £173,760 (2023: £173,760) due from an entity under common control. The amount is interest free and payable on demand.

 
Page 7