Registered number
04209238
Cruso Auto Repairs & C.A.R.Autogas Limited
Filleted Accounts
30 April 2024
Cruso Auto Repairs & C.A.R.Autogas Limited
Registered number: 04209238
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 226,286 234,468
Current assets
Stocks 8,841 8,841
Debtors 4 15,753 6,222
Cash at bank and in hand 50,394 51,318
74,988 66,381
Creditors: amounts falling due within one year 5 (33,723) (28,443)
Net current assets 41,265 37,938
Total assets less current liabilities 267,551 272,406
Creditors: amounts falling due after more than one year 6 (176,362) (189,908)
Net assets 91,189 82,498
Capital and reserves
Called up share capital 2 2
Profit and loss account 91,187 82,496
Shareholders' funds 91,189 82,498
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Whatley
Director
Approved by the board on 23 January 2025
Cruso Auto Repairs & C.A.R.Autogas Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery over 10 years
Motor vehicles over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 224,470 129,882 13,500 367,852
At 30 April 2024 224,470 129,882 13,500 367,852
Depreciation
At 1 May 2023 26,934 92,950 13,500 133,384
Charge for the year 4,489 3,693 - 8,182
At 30 April 2024 31,423 96,643 13,500 141,566
Net book value
At 30 April 2024 193,047 33,239 - 226,286
At 30 April 2023 197,536 36,932 - 234,468
4 Debtors 2024 2023
£ £
Trade debtors 15,753 6,222
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 12,890 7,664
Taxation and social security costs 20,833 20,779
33,723 28,443
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 176,362 189,908
7 Other information
Cruso Auto Repairs & C.A.R.Autogas Limited is a private company limited by shares and incorporated in England. Its registered office is:
Burton Street
Leek
Staffordshire
ST13 8BU
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