Company Registration No. 08498773 (England and Wales)
SME AUTOCENTRE LIMITED
Unaudited accounts
for the year ended 30 April 2024
SME AUTOCENTRE LIMITED
Unaudited accounts
Contents
SME AUTOCENTRE LIMITED
Company Information
for the year ended 30 April 2024
Company Number
08498773 (England and Wales)
Registered Office
Phoenix House
Railway Lane, Dimminsdale
Willenhall
WV13 2BE
SME AUTOCENTRE LIMITED
Statement of financial position
as at 30 April 2024
Cash at bank and in hand
31,516
9,209
Creditors: amounts falling due within one year
(247,720)
(208,403)
Net current assets
40,998
25,660
Called up share capital
1
1
Profit and loss account
41,000
25,662
Shareholders' funds
41,001
25,663
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 January 2025 and were signed on its behalf by
P Lucas
Director
Company Registration No. 08498773
SME AUTOCENTRE LIMITED
Notes to the Accounts
for the year ended 30 April 2024
SME AUTOCENTRE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08498773. The registered office is Phoenix House, Railway Lane, Dimminsdale, Willenhall, WV13 2BE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2023
66,750
19,583
86,333
At 30 April 2024
66,750
19,583
86,333
At 1 May 2023
66,748
19,582
86,330
At 30 April 2024
66,748
19,582
86,330
SME AUTOCENTRE LIMITED
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
16,179
38,794
Amounts falling due after more than one year
Other debtors
228,523
178,560
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
78,715
74,433
Other creditors
13,983
12,248
Loans from directors
100,791
84,291
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Transactions with related parties
The company paid rentals for property and equipment to Phoenix Properties (Willenhall) Ltd amounting to £30,000 in the period (£nil in previous period).
That company is related to this company by virtue of P Lucas's directorships with both companies, his controlling interest in this company and his family relationship with G Lucas.
9
Average number of employees
During the year the average number of employees was 19 (2023: 16).