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REGISTERED NUMBER: 07997649 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Hollings Auto Services Limited

Hollings Auto Services Limited (Registered number: 07997649)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hollings Auto Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: R J Hollings





REGISTERED OFFICE: 2 Clifton Moor Business Village
James Nicolson Link
York
North Yorkshire
YO30 4XG





REGISTERED NUMBER: 07997649 (England and Wales)





ACCOUNTANTS: Beckingtons
2 Clifton Moor Business
Village
James Nicolson Link
York
North Yorkshire
YO30 4XG

Hollings Auto Services Limited (Registered number: 07997649)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 392,718 366,383
392,718 366,383

CURRENT ASSETS
Stocks 80,592 4,600
Debtors 6 10,115 10,783
Cash at bank and in hand 131,910 164,674
222,617 180,057
CREDITORS
Amounts falling due within one year 7 156,927 117,090
NET CURRENT ASSETS 65,690 62,967
TOTAL ASSETS LESS CURRENT
LIABILITIES

458,408

429,350

CREDITORS
Amounts falling due after more than one year 8 (58,639 ) (77,460 )

PROVISIONS FOR LIABILITIES (46,054 ) (36,436 )
NET ASSETS 353,715 315,454

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 353,705 315,444
SHAREHOLDERS' FUNDS 353,715 315,454

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Hollings Auto Services Limited (Registered number: 07997649)

Balance Sheet - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:





R J Hollings - Director


Hollings Auto Services Limited (Registered number: 07997649)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Hollings Auto Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hollings Auto Services Limited (Registered number: 07997649)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 25,000
AMORTISATION
At 1 April 2023
and 31 March 2024 25,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 357,635 74,918 69,596
Additions - 1,884 60,985
At 31 March 2024 357,635 76,802 130,581
DEPRECIATION
At 1 April 2023 61,154 50,390 32,888
Charge for year 12,124 5,284 18,669
At 31 March 2024 73,278 55,674 51,557
NET BOOK VALUE
At 31 March 2024 284,357 21,128 79,024
At 31 March 2023 296,481 24,528 36,708

Hollings Auto Services Limited (Registered number: 07997649)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 5,750 10,562 518,461
Additions - 2,176 65,045
At 31 March 2024 5,750 12,738 583,506
DEPRECIATION
At 1 April 2023 1,606 6,040 152,078
Charge for year 1,036 1,597 38,710
At 31 March 2024 2,642 7,637 190,788
NET BOOK VALUE
At 31 March 2024 3,108 5,101 392,718
At 31 March 2023 4,144 4,522 366,383

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 5,278 6,575
Other debtors 4,837 4,208
10,115 10,783

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,045 9,928
Trade creditors 72,061 27,617
Taxation and social security 56,561 58,623
Other creditors 23,260 20,922
156,927 117,090

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 6,139 22,460
Other creditors 52,500 55,000
58,639 77,460

Hollings Auto Services Limited (Registered number: 07997649)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
10 Ordinary £1 10 10