1 April 2023 false No description of principal activity Taxfiler 2024.6 06096081business:PrivateLimitedCompanyLtd2023-04-012024-03-31 060960812023-03-31 060960812023-04-012024-03-31 06096081business:AuditExemptWithAccountantsReport2023-04-012024-03-31 06096081business:AbridgedAccounts2023-04-012024-03-31 060960812024-03-31 060960812023-03-31 06096081core:WithinOneYear2024-03-31 06096081core:WithinOneYear2023-03-31 06096081core:AfterOneYear2024-03-31 06096081core:AfterOneYear2023-03-31 06096081core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 06096081core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 06096081core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 06096081core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 06096081core:PreviouslyStatedAmount2024-03-31 06096081core:PreviouslyStatedAmount2023-03-31 06096081business:SmallEntities2023-04-012024-03-31 06096081business:Director12023-04-012024-03-31 06096081countries:EnglandWales2023-04-012024-03-31 06096081business:RegisteredOffice2023-04-012024-03-31 06096081core:PlantMachinery2023-04-012024-03-31 06096081core:MotorVehicles2023-04-012024-03-31 06096081core:FurnitureFittings2023-04-012024-03-31 06096081core:ComputerEquipment2023-04-012024-03-31 060960812022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 06096081 (England and Wales)
Scott Auto Specialists Ltd Unaudited accounts for the year ended 31 March 2024
Scott Auto Specialists Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,677 
5,975 
Current assets
Debtors
17,287 
24,180 
Cash at bank and in hand
69,815 
85,985 
87,102 
110,165 
Creditors: amounts falling due within one year
(39,885)
(67,570)
Net current assets
47,217 
42,595 
Total assets less current liabilities
51,894 
48,570 
Creditors: amounts falling due after more than one year
(8,158)
(14,185)
Provisions for liabilities
Deferred tax
(787)
(1,135)
Other provisions
(921)
- 
(1,708)
(1,135)
Net assets
42,028 
33,250 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
42,026 
33,248 
Shareholders' funds
42,028 
33,250 
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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by
Gareth Scott Director Company Registration No. 06096081
- 2 -
Scott Auto Specialists Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Scott Auto Specialists Ltd is a private company, limited by shares, registered in England and Wales, registration number 06096081. The registered office is Perseverance Works, Gelderd Road, BIRSTALL, West Yorkshire, WF17 9PX.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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
30.00% Reducing Balance
Motor vehicles
30.00% Reducing Balance
Fixtures & fittings
30.00% Reducing Balance
Computer equipment
33.33% Straight Line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
- 3 -
Scott Auto Specialists Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2023
55,686 
Additions
626 
At 31 March 2024
56,312 
Depreciation
At 1 April 2023
49,711 
Charge for the year
1,924 
At 31 March 2024
51,635 
Net book value
At 31 March 2024
4,677 
At 31 March 2023
5,975 
5
Transactions with related parties
Scott Auto Specialists Ltd is controlled by Gareth Scott and Heather Scott. The company paid dividends during the year of £41,950 (2023 - £78,310)
6
Average number of employees
During the year the average number of employees was 3 (2023: 3).
- 4 -