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REGISTERED NUMBER: 02908123 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

Sandhurst MOT Centre Ltd

Sandhurst MOT Centre Ltd (Registered number: 02908123)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sandhurst MOT Centre Ltd

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P Goswell
Mrs P M Goswell





SECRETARY: Mrs P M Goswell





REGISTERED OFFICE: Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP





REGISTERED NUMBER: 02908123 (England and Wales)





ACCOUNTANTS: Jones & Co
Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP

Sandhurst MOT Centre Ltd (Registered number: 02908123)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,607 79,276

CURRENT ASSETS
Stocks 45,527 38,791
Debtors 5 42,073 46,950
Cash at bank and in hand 255,295 236,503
342,895 322,244
CREDITORS
Amounts falling due within one year 6 158,615 137,943
NET CURRENT ASSETS 184,280 184,301
TOTAL ASSETS LESS CURRENT LIABILITIES 267,887 263,577

CREDITORS
Amounts falling due after more than one year 7 (14,630 ) (17,463 )

PROVISIONS FOR LIABILITIES (19,609 ) (15,062 )
NET ASSETS 233,648 231,052

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 233,548 230,952
SHAREHOLDERS' FUNDS 233,648 231,052

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.

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 22 January 2025 and were signed on its behalf by:





P Goswell - Director


Sandhurst MOT Centre Ltd (Registered number: 02908123)

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

1. STATUTORY INFORMATION

Sandhurst MOT Centre Ltd 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 represents net invoiced sales of goods and services, excluding value added tax and is recognised when the work on the vehicle has been completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current tax recognised as 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 not recognised in respect of any timing differences that have originated but not reversed at the balance sheet date since the amount is not considered to be material.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 37,076 247,800 27,686
Additions 12,007 4,367 471
At 31 March 2024 49,083 252,167 28,157
DEPRECIATION
At 1 April 2023 35,688 188,197 24,367
Charge for year 1,339 12,794 758
At 31 March 2024 37,027 200,991 25,125
NET BOOK VALUE
At 31 March 2024 12,056 51,176 3,032
At 31 March 2023 1,388 59,603 3,319

Sandhurst MOT Centre Ltd (Registered number: 02908123)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 23,278 21,045 356,885
Additions 8,000 - 24,845
At 31 March 2024 31,278 21,045 381,730
DEPRECIATION
At 1 April 2023 10,678 18,679 277,609
Charge for year 5,150 473 20,514
At 31 March 2024 15,828 19,152 298,123
NET BOOK VALUE
At 31 March 2024 15,450 1,893 83,607
At 31 March 2023 12,600 2,366 79,276

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 28,763 34,426
Other debtors 13,310 12,524
42,073 46,950

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 2,500 2,500
Trade creditors 45,522 23,926
Taxation and social security 89,941 83,016
Other creditors 20,652 28,501
158,615 137,943

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 14,630 17,463

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,630 7,463