Company Registration No. SC442718 (Scotland)
Central Motor Solutions Ltd
Unaudited accounts
for the year ended 29 February 2024
Central Motor Solutions Ltd
Unaudited accounts
Contents
Central Motor Solutions Ltd
Company Information
for the year ended 29 February 2024
Director
Keith David Taylor
Company Number
SC442718 (Scotland)
Registered Office
Unit 2. Crawfield Lane
Bo'Mains Industrial Estate
Linlithgow
EH51 0QG
Accountants
Oak Team Associates Limited
272 Bath Street
Glasgow
G2 4JR
Central Motor Solutions Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
8,114
19,719
Inventories
278,299
272,274
Cash at bank and in hand
45,340
45,110
Creditors: amounts falling due within one year
(277,190)
(142,731)
Net current assets
99,457
218,111
Total assets less current liabilities
107,571
237,830
Creditors: amounts falling due after more than one year
(83,333)
(229,833)
Called up share capital
100
100
Profit and loss account
24,138
7,897
Shareholders' funds
24,238
7,997
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 29 November 2024 and were signed on its behalf by
Keith David Taylor
Director
Company Registration No. SC442718
Central Motor Solutions Ltd
Notes to the Accounts
for the year ended 29 February 2024
Central Motor Solutions Ltd is a private company, limited by shares, registered in Scotland, registration number SC442718. The registered office is Unit 2. Crawfield Lane, Bo'Mains Industrial Estate, Linlithgow, EH51 0QG.
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
25% on a reducing balance basis
Fixtures & fittings
25% on a reducing balance basis
Computer equipment
25% on a reducing balance basis
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2023
40,570
32,680
73,250
At 29 February 2024
40,570
32,680
73,250
At 1 March 2023
24,342
29,189
53,531
Charge for the year
8,114
3,491
11,605
At 29 February 2024
32,456
32,680
65,136
At 29 February 2024
8,114
-
8,114
At 28 February 2023
16,228
3,491
19,719
Amounts falling due within one year
Trade debtors
53,008
43,458
Central Motor Solutions Ltd
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Trade creditors
2,793
5,306
Taxes and social security
13,672
7,123
Loans from directors
153,967
115,636
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
67,500
204,000
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Average number of employees
During the year the average number of employees was 2 (2023: 2).