IRIS Accounts Production v24.3.2.46 04161085 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary £1 1.00000 Ordinary "A" £1 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041610852023-03-31041610852024-03-31041610852023-04-012024-03-31041610852022-03-31041610852022-04-012023-03-31041610852023-03-3104161085ns15:EnglandWales2023-04-012024-03-3104161085ns14:PoundSterling2023-04-012024-03-3104161085ns10:Director12023-04-012024-03-3104161085ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104161085ns10:SmallEntities2023-04-012024-03-3104161085ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104161085ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104161085ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104161085ns10:FullAccounts2023-04-012024-03-3104161085ns10:OrdinaryShareClass12023-04-012024-03-3104161085ns10:OrdinaryShareClass22023-04-012024-03-3104161085ns10:Director22023-04-012024-03-3104161085ns10:CompanySecretary12023-04-012024-03-3104161085ns10:RegisteredOffice2023-04-012024-03-3104161085ns5:CurrentFinancialInstruments2024-03-3104161085ns5:CurrentFinancialInstruments2023-03-3104161085ns5:ShareCapital2024-03-3104161085ns5:ShareCapital2023-03-3104161085ns5:RetainedEarningsAccumulatedLosses2024-03-3104161085ns5:RetainedEarningsAccumulatedLosses2023-03-3104161085ns5:PlantMachinery2023-04-012024-03-3104161085ns5:FurnitureFittings2023-03-3104161085ns5:MotorVehicles2023-03-3104161085ns5:FurnitureFittings2023-04-012024-03-3104161085ns5:MotorVehicles2023-04-012024-03-3104161085ns5:FurnitureFittings2024-03-3104161085ns5:MotorVehicles2024-03-3104161085ns5:FurnitureFittings2023-03-3104161085ns5:MotorVehicles2023-03-3104161085ns5:AcceleratedTaxDepreciationDeferredTax2024-03-3104161085ns5:AcceleratedTaxDepreciationDeferredTax2023-03-3104161085ns5:DeferredTaxation2023-03-3104161085ns5:DeferredTaxation2023-04-012024-03-3104161085ns5:DeferredTaxation2024-03-3104161085ns10:OrdinaryShareClass12024-03-3104161085ns10:OrdinaryShareClass22024-03-31041610851ns10:Director12023-03-31041610851ns10:Director12022-03-31041610851ns10:Director12023-04-012024-03-31041610851ns10:Director12022-04-012023-03-31041610851ns10:Director12024-03-31041610851ns10:Director12023-03-3104161085ns10:Director222023-03-3104161085ns10:Director222022-03-3104161085ns10:Director222023-04-012024-03-3104161085ns10:Director222022-04-012023-03-3104161085ns10:Director222024-03-3104161085ns10:Director222023-03-31
REGISTERED NUMBER: 04161085 (England and Wales)















FLITWICK MOTORS
(REPAIRS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






FLITWICK MOTORS
(REPAIRS) LIMITED (REGISTERED NUMBER: 04161085)

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


FLITWICK MOTORS
(REPAIRS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M Davies
Mrs S R Davies





SECRETARY: Indigo Secretaries Limited





REGISTERED OFFICE: 3 Kensworth Gate
200-204 High Street South
Dunstable
Bedfordshire
LU6 3HS





REGISTERED NUMBER: 04161085 (England and Wales)





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

FLITWICK MOTORS
(REPAIRS) LIMITED (REGISTERED NUMBER: 04161085)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,209 8,294

CURRENT ASSETS
Debtors 5 4,089 5,399
Prepayments and accrued income 5,650 5,380
Cash at bank and in hand 442,154 399,745
451,893 410,524
CREDITORS
Amounts falling due within one year 6 318,653 294,262
NET CURRENT ASSETS 133,240 116,262
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,449

124,556

PROVISIONS FOR LIABILITIES 7 1,552 2,198
NET ASSETS 137,897 122,358

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 137,697 122,158
SHAREHOLDERS' FUNDS 137,897 122,358

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 directors acknowledge their 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.

FLITWICK MOTORS
(REPAIRS) LIMITED (REGISTERED NUMBER: 04161085)

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 Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:





M Davies - Director


FLITWICK MOTORS
(REPAIRS) LIMITED (REGISTERED NUMBER: 04161085)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Flitwick Motors (Repairs) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

FLITWICK MOTORS
(REPAIRS) LIMITED (REGISTERED NUMBER: 04161085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 16,214 28,745 44,959
DEPRECIATION
At 1 April 2023 11,808 24,857 36,665
Charge for year 1,113 972 2,085
At 31 March 2024 12,921 25,829 38,750
NET BOOK VALUE
At 31 March 2024 3,293 2,916 6,209
At 31 March 2023 4,406 3,888 8,294

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 4,089 5,399

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 17,454 19,142
Corporation tax 24,094 18,262
Social security and other taxes 21 2,295
VAT 4,618 5,555
Directors' current accounts 267,276 244,733
Accrued expenses 5,190 4,275
318,653 294,262

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 1,552 2,198

FLITWICK MOTORS
(REPAIRS) LIMITED (REGISTERED NUMBER: 04161085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 2,198
Credit to Income Statement during year (646 )
Balance at 31 March 2024 1,552

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 £1 100 100
100 Ordinary "A" £1 £1 100 100
200 200

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
M Davies
Balance outstanding at start of year 122,366 107,509
Amounts advanced 11,272 14,857
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 133,638 122,366

Mrs S R Davies
Balance outstanding at start of year 122,367 107,510
Amounts advanced 11,271 14,857
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 133,638 122,367