Company Registration No. 11207122 (England and Wales)
SA9 Cars Limited
Unaudited accounts
for the year ended 29 February 2024
SA9 Cars Limited
Unaudited accounts
Contents
SA9 Cars Limited
Company Information
for the year ended 29 February 2024
Company Number
11207122 (England and Wales)
Registered Office
Unit 6, Gurnos Industrial Estate
Bethel Road
Swansea
SA9 2HW
United Kingdom
Accountants
RGS Accountants Limited
5 Commercial Street
Ystradgynlais
Swansea
SA9 1HD
SA9 Cars Limited
Statement of financial position
as at 29 February 2024
Tangible assets
83,754
95,456
Cash at bank and in hand
61,660
66,952
Creditors: amounts falling due within one year
(36,583)
(34,504)
Net current assets
39,086
47,938
Total assets less current liabilities
122,840
143,394
Creditors: amounts falling due after more than one year
(29,296)
(48,864)
Called up share capital
1
1
Profit and loss account
93,543
94,529
Shareholders' funds
93,544
94,530
For the year ending 29 February 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 director acknowledges his 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 and authorised for issue on 1 March 2024 and were signed on its behalf by
Wayne Dewitt
Director
Company Registration No. 11207122
SA9 Cars Limited
Notes to the Accounts
for the year ended 29 February 2024
SA9 Cars Limited is a private company, limited by shares, registered in England and Wales, registration number 11207122. The registered office is Unit 6, Gurnos Industrial Estate, Bethel Road, Swansea, SA9 2HW, United Kingdom.
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:
Plant & machinery
Straight Line Method - 3 years
Motor vehicles
Reducing Balance - 18%
Computer equipment
Straight Line Method - 3 years
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
10,721
134,596
3,504
148,821
Additions
-
34,490
-
34,490
Disposals
-
(14,200)
-
(14,200)
At 29 February 2024
10,721
154,886
3,504
169,111
At 1 March 2023
3,620
47,033
2,712
53,365
Charge for the year
3,574
16,185
-
19,759
Surplus on revaluation
-
14,688
792
15,480
On disposals
-
(3,247)
-
(3,247)
At 29 February 2024
7,194
74,659
3,504
85,357
At 29 February 2024
3,527
80,227
-
83,754
At 28 February 2023
7,101
87,563
792
95,456
SA9 Cars Limited
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Accrued income and prepayments
500
500
Other debtors
13,329
14,990
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,000
-
Obligations under finance leases and hire purchase contracts
8,193
11,163
Taxes and social security
10,025
13,033
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
2,296
9,864
8
Average number of employees
During the year the average number of employees was 3 (2023: 6).