Ilkley Autocare Limited 9499238 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is vehicle repairs and maintenence Digita Accounts Production Advanced 6.30.9574.0 true 9499238 2023-05-01 2024-04-30 9499238 2024-04-30 9499238 bus:Director1 1 2024-04-30 9499238 bus:OrdinaryShareClass1 2024-04-30 9499238 core:RetainedEarningsAccumulatedLosses 2024-04-30 9499238 core:ShareCapital 2024-04-30 9499238 core:CurrentFinancialInstruments 2024-04-30 9499238 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 9499238 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 9499238 core:LandBuildings 2024-04-30 9499238 core:MotorVehicles 2024-04-30 9499238 core:OtherPropertyPlantEquipment 2024-04-30 9499238 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-04-30 9499238 bus:SmallEntities 2023-05-01 2024-04-30 9499238 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 9499238 bus:FilletedAccounts 2023-05-01 2024-04-30 9499238 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 9499238 bus:RegisteredOffice 2023-05-01 2024-04-30 9499238 bus:Director1 2023-05-01 2024-04-30 9499238 bus:Director1 1 2023-05-01 2024-04-30 9499238 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 9499238 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 9499238 core:LandBuildings 2023-05-01 2024-04-30 9499238 core:MotorVehicles 2023-05-01 2024-04-30 9499238 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 9499238 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-05-01 2024-04-30 9499238 countries:England 2023-05-01 2024-04-30 9499238 2023-04-30 9499238 bus:Director1 1 2023-04-30 9499238 core:LandBuildings 2023-04-30 9499238 core:MotorVehicles 2023-04-30 9499238 core:OtherPropertyPlantEquipment 2023-04-30 9499238 2022-05-01 2023-04-30 9499238 2023-04-30 9499238 bus:Director1 1 2023-04-30 9499238 bus:OrdinaryShareClass1 2023-04-30 9499238 core:RetainedEarningsAccumulatedLosses 2023-04-30 9499238 core:ShareCapital 2023-04-30 9499238 core:CurrentFinancialInstruments 2023-04-30 9499238 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 9499238 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 9499238 core:LandBuildings 2023-04-30 9499238 core:MotorVehicles 2023-04-30 9499238 core:OtherPropertyPlantEquipment 2023-04-30 9499238 bus:Director1 1 2022-05-01 2023-04-30 9499238 bus:Director1 1 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 9499238

Ilkley Autocare Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Ilkley Autocare Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Ilkley Autocare Limited

Company Information

Director

Mr Simon Bodger

Registered office

Golden Butts Road
Ilkley
West Yorkshire
LS29 8HS

Accountants

Fullertons Limited
Chartered Certified Accountants
Manchester House
50A Oxford Road
Guiseley
Leeds
LS20 8AB

 

Ilkley Autocare Limited

(Registration number: 9499238)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

490,111

506,222

Current assets

 

Stocks

5

750

3,250

Debtors

6

54,730

7,538

Cash at bank and in hand

 

37,011

40,920

 

92,491

51,708

Creditors: Amounts falling due within one year

7

(113,299)

(98,264)

Net current liabilities

 

(20,808)

(46,556)

Total assets less current liabilities

 

469,303

459,666

Creditors: Amounts falling due after more than one year

7

(319,828)

(350,441)

Provisions for liabilities

(6,338)

(5,864)

Net assets

 

143,137

103,361

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

143,136

103,360

Shareholders' funds

 

143,137

103,361

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 January 2025
 

 

Ilkley Autocare Limited

(Registration number: 9499238)
Balance Sheet as at 30 April 2024

.........................................
Mr Simon Bodger
Director

 

Ilkley Autocare Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Golden Butts Road
Ilkley
West Yorkshire
LS29 8HS

These financial statements were authorised for issue by the director on 6 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Ilkley Autocare Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

2 % on buildings cost or valuation

Other property, plant and equipment

25% on net book value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

 

Ilkley Autocare Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2023 - 5).

 

Ilkley Autocare Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Land and buildings
£

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

509,417

33,600

47,493

590,510

Additions

-

4,000

-

4,000

Disposals

-

(4,000)

-

(4,000)

At 30 April 2024

509,417

33,600

47,493

590,510

Depreciation

At 1 May 2023

36,323

19,425

28,540

84,288

Charge for the year

10,189

3,544

2,378

16,111

At 30 April 2024

46,512

22,969

30,918

100,399

Carrying amount

At 30 April 2024

462,905

10,631

16,575

490,111

At 30 April 2023

473,094

14,175

18,953

506,222

Included within the net book value of land and buildings above is £462,906 (2023 - £473,094) in respect of freehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

750

3,250

6

Debtors

Current

2024
£

2023
£

Trade debtors

4,730

7,538

Other debtors

50,000

-

 

54,730

7,538

 

Ilkley Autocare Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

31,075

31,475

Trade creditors

 

15,326

13,130

Taxation and social security

 

58,589

48,218

Accruals and deferred income

 

3,181

3,550

Other creditors

 

5,128

1,891

 

113,299

98,264

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £31,075 (2023 - £31,475).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

319,828

350,441

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £319,828 (2023 - £350,441).

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £1 each

1

1

1

1

       

9

Related party transactions

Transactions with the director

2024

At 1 May 2023
£

Advances to director
£

Repayments by director
£

At 30 April 2024
£

Mr Simon Bodger

Director's loan account

(1,890)

56,961

(55,200)

(129)

 

Ilkley Autocare Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

2023

At 1 May 2022
£

Advances to director
£

Repayments by director
£

At 30 April 2023
£

Mr Simon Bodger

Director's loan account

(1,017)

69,439

(70,312)

(1,890)

Summary of transactions with entities with joint control or significant interest

Included in other debtors is a loan to Nab View Properties Ltd a company in which the director Simon Bodger has an interest. The loan is interest free and repayable on demand.

Loans to related parties

2024

Entities with joint control or significant influence
£

Total
£

Advanced

50,000

50,000

At end of period

50,000

50,000