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REGISTERED NUMBER: SC294890 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

STEVE CURTIS CARS LIMITED

STEVE CURTIS CARS LIMITED (REGISTERED NUMBER: SC294890)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


STEVE CURTIS CARS LIMITED

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTOR: S L Curtis





REGISTERED OFFICE: Viewforth House
189 Nicol Street
Kirkcaldy
Fife
KY1 1PF





REGISTERED NUMBER: SC294890 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Viewforth House
189 Nicol Street
Kirkcaldy
Fife
KY1 1PF

STEVE CURTIS CARS LIMITED (REGISTERED NUMBER: SC294890)

STATEMENT OF FINANCIAL POSITION
30 April 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 142,998 364,675
Cash at bank 3,585 232
146,583 364,907
CREDITORS
Amounts falling due within one year 5 4,986 70,562
NET CURRENT ASSETS 141,597 294,345
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,597

294,345

CAPITAL AND RESERVES
Called up share capital 855,416 855,416
Retained earnings (713,819 ) (561,071 )
SHAREHOLDERS' FUNDS 141,597 294,345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by S L Curtis the director and authorised for issue on 29 January 2025 and were signed by:





S L Curtis - Director


STEVE CURTIS CARS LIMITED (REGISTERED NUMBER: SC294890)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Steve Curtis Cars Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

GOING CONCERN
The financial statements have been prepared on the break-up basis which the Board consider to be appropriate as the company ceased after the reporting date.

RELATED PARTY EXEMPTION
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

STEVE CURTIS CARS LIMITED (REGISTERED NUMBER: SC294890)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings - 147,200
Other debtors 142,998 217,475
142,998 364,675

During the year to 30 April 2024, £31,988 due from an other debtor was written off as the balance was not deemed recoverable.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,770 -
Amounts owed to group undertakings - 64,838
Other creditors 3,216 5,724
4,986 70,562

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
S L Curtis
Balance outstanding at start of year 39,468 47,743
Amounts advanced 826 872
Amounts repaid (4,692 ) (9,147 )
Amounts written off (35,602 ) -
Amounts waived - -
Balance outstanding at end of year - 39,468

Interest of 2.25% has been charged where the loan has exceeded £10,000 and there are no fixed terms of repayment.