Company Registration No. 13243571 (England and Wales)
SPECIALIST MOTORWORX LTD
Unaudited accounts
for the year ended 31 March 2024
SPECIALIST MOTORWORX LTD
Unaudited accounts
Contents
SPECIALIST MOTORWORX LTD
Company Information
for the year ended 31 March 2024
Director
Jamie Robert Callender
Company Number
13243571 (England and Wales)
Registered Office
63 KINSON PARK ROAD
BOURNEMOUTH
BH10 7HG
ENGLAND
Accountants
Pope Accountancy Services Ltd
13 Douglas Road
Southbourne
BH6 3ER
SPECIALIST MOTORWORX LTD
Statement of financial position
as at 31 March 2024
Tangible assets
10,890
13,841
Cash at bank and in hand
15,260
9,983
Creditors: amounts falling due within one year
(13,886)
(11,209)
Net current assets
4,686
125
Total assets less current liabilities
15,576
13,966
Creditors: amounts falling due after more than one year
(9,984)
(13,395)
Called up share capital
1
1
Profit and loss account
5,591
570
Shareholders' funds
5,592
571
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 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 25 November 2024 and were signed on its behalf by
Jamie Robert Callender
Director
Company Registration No. 13243571
SPECIALIST MOTORWORX LTD
Notes to the Accounts
for the year ended 31 March 2024
SPECIALIST MOTORWORX LTD is a private company, limited by shares, registered in England and Wales, registration number 13243571. The registered office is 63 KINSON PARK ROAD, BOURNEMOUTH, BH10 7HG, ENGLAND.
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
20% Reducing Balance
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
1,300
17,345
-
18,645
At 31 March 2024
1,300
17,345
584
19,229
At 1 April 2023
468
4,336
-
4,804
Charge for the year
166
3,252
117
3,535
At 31 March 2024
634
7,588
117
8,339
At 31 March 2024
666
9,757
467
10,890
At 31 March 2023
832
13,009
-
13,841
Amounts falling due within one year
SPECIALIST MOTORWORX LTD
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,548
1,277
Taxes and social security
-
287
Loans from directors
6,232
6,495
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 1 (2023: 1).