Company Registration No. 03923618 (England and Wales)
Select Motor Services Limited
Unaudited accounts
for the year ended 31 March 2024
Select Motor Services Limited
Unaudited accounts
Contents
Select Motor Services Limited
Company Information
for the year ended 31 March 2024
Directors
Paul Dutton
Paul Dutton
Company Number
03923618 (England and Wales)
Select Motor Services Limited
Statement of financial position
as at 31 March 2024
Tangible assets
21,649
25,910
Cash at bank and in hand
42,498
44,977
Creditors: amounts falling due within one year
(21,468)
(24,119)
Net current assets
23,030
32,830
Total assets less current liabilities
44,679
58,740
Creditors: amounts falling due after more than one year
(25,910)
(42,387)
Called up share capital
1
1
Profit and loss account
18,768
16,352
Shareholders' funds
18,769
16,353
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by
Paul Dutton
Director
Company Registration No. 03923618
Select Motor Services Limited
Notes to the Accounts
for the year ended 31 March 2024
Select Motor Services Limited is a private company, limited by shares, registered in England and Wales, registration number 03923618.
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
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
36,549
4,752
4,415
250
45,966
Additions
1,000
-
-
-
1,000
At 31 March 2024
37,549
4,752
4,415
250
46,966
At 1 April 2023
15,641
2,318
1,975
122
20,056
Charge for the year
4,382
487
366
26
5,261
At 31 March 2024
20,023
2,805
2,341
148
25,317
At 31 March 2024
17,526
1,947
2,074
102
21,649
At 31 March 2023
20,908
2,434
2,440
128
25,910
Amounts falling due within one year
Select Motor Services Limited
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
14,869
9,427
Loans from directors
-
902
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).