Company Registration No. 03898305 (England and Wales)
SUSSEX AUTO SERVICES LIMITED
Unaudited accounts
for the year ended 31 March 2024
SUSSEX AUTO SERVICES LIMITED
Unaudited accounts
Contents
SUSSEX AUTO SERVICES LIMITED
Company Information
for the year ended 31 March 2024
Directors
Matthew John Hyne
Christopher Paul Brawn
Robert Anthony Clare
Alan Stephen Gadd
Company Number
03898305 (England and Wales)
Registered Office
Units 42-44
Station Road Industrial Estate
Hailsham
BN27 2EY
Accountants
Angela MacCarthy Limited T A On The Spot
7 Chalfont Drive
Hove
East Sussex
BN3 6QR
SUSSEX AUTO SERVICES LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
15,908
12,450
Cash at bank and in hand
224,564
210,990
Creditors: amounts falling due within one year
(280,155)
(151,088)
Net current (liabilities)/assets
(5,007)
130,867
Called up share capital
403
403
Profit and loss account
3,432
135,848
Shareholders' funds
10,901
143,317
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 18 November 2024 and were signed on its behalf by
Robert Anthony Clare
Director
Company Registration No. 03898305
SUSSEX AUTO SERVICES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
SUSSEX AUTO SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03898305. The registered office is Units 42-44, Station Road Industrial Estate, Hailsham, BN27 2EY.
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.
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant & machinery
20% per annum reducing balance
Motor vehicles
25% per annum reducing balance
Fixtures & fittings
10% per annum reducing balance
Computer equipment
33% per annum straight line
Stocks have been valued at the lower of cost and estimated selling price.
Operating Lease Commitments
At the balance sheet date, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £110,700 (2023: £147,600).
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 the profit and loss account in the period to which they relate.
SUSSEX AUTO SERVICES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
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
38,021
9,497
38,757
7,303
93,578
Additions
5,500
1,200
-
-
6,700
At 31 March 2024
43,521
10,697
38,757
7,303
100,278
At 1 April 2023
31,806
9,201
33,698
6,423
81,128
Charge for the year
1,521
289
552
880
3,242
At 31 March 2024
33,327
9,490
34,250
7,303
84,370
At 31 March 2024
10,194
1,207
4,507
-
15,908
At 31 March 2023
6,215
296
5,059
880
12,450
Raw materials
18,700
18,700
Amounts falling due within one year
Trade debtors
8,679
31,296
Accrued income and prepayments
23,205
20,969
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,148
1,566
Trade creditors
105,188
70,884
Amounts owed to group undertakings and other participating interests
138,957
-
Taxes and social security
13,963
28,112
Other creditors
1,348
1,194
Loans from directors
1,247
15,872
8
Transactions with related parties
The transactions with the director and shareholder have not been conducted under normal market conditions. A balance of £1,247 is owed to the director at the year end. No interest is being charged by the director.
SUSSEX AUTO SERVICES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 10 (2023: 8).