Registered number
09524579
Alan Fell Car Servicing Limited
Filleted Accounts
29 February 2024
Alan Fell Car Servicing Limited
Registered number: 09524579
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1,253 2,353
Tangible assets 4 - 761
1,253 3,114
Current assets
Debtors 5 1,130 1,405
Cash at bank and in hand 3,931 1,403
5,061 2,808
Creditors: amounts falling due within one year 6 (5,520) (5,778)
Net current liabilities (459) (2,970)
Net assets 794 144
Capital and reserves
Called up share capital 100 100
Profit and loss account 694 44
Shareholders' funds 794 144
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Fell
Director
Approved by the board on 29 November 2024
Alan Fell Car Servicing Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents revenue from the rendering of services and is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2023 11,100
At 29 February 2024 11,100
Amortisation
At 1 March 2023 8,747
Provided during the year 1,100
At 29 February 2024 9,847
Net book value
At 29 February 2024 1,253
At 28 February 2023 2,353
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 5,473
At 29 February 2024 5,473
Depreciation
At 1 March 2023 4,712
Charge for the year 761
At 29 February 2024 5,473
Net book value
At 29 February 2024 -
At 28 February 2023 761
5 Debtors 2024 2023
£ £
Other debtors 1,130 1,405
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,801 3,895
Taxation and social security costs 1,719 1,883
5,520 5,778
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Alan Fell
[Loan 1] - 938 (938) -
- 938 (938) -
8 Other information
Alan Fell Car Servicing Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 18, Woodend Industrial Estate
Woodend Avenue
Liverpool
L24 9NB
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