STATUS 1 AUTOMOTIVE LIMITED |
Registered Number:08163547 |
For the year ended 31 January 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 January 2024
STATUS 1 AUTOMOTIVE LIMITED
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
STATUS 1 AUTOMOTIVE LIMITED
Statement of Financial Position
2023
2024
Property, plant and equipment |
165,874
157,594
2
165,874
157,594
751,396
903,896
3
Trade and other receivables |
221,515
194,015
4
154,364
Cash and cash equivalents |
55,345
1,153,256
1,127,275
Trade and other payables: amounts falling due within one |
year |
(160,204)
(151,379)
5
967,071
1,001,877
Net current assets
Total assets less current liabilities |
1,167,751
1,124,665
Trade and other payables: amounts falling due after more |
than one year |
(202,108)
(191,195)
6
976,556
Net assets
922,557
1
1
976,555
922,556
976,556
922,557
Shareholders' funds
For the year ended 31 January 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 of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 26 January 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 January 2024
STATUS 1 AUTOMOTIVE LIMITED
Notes to the Financial Statements
Statutory Information
STATUS 1 AUTOMOTIVE LIMITED is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 08163547. |
6 Martins Court
Hindley
Wigan
Lancs
WN2 4AZ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
For the year ended 31 January 2024
STATUS 1 AUTOMOTIVE LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
198,799
12,660
186,139
13,000
13,000
-
186,139
25,660
211,799
Provision for depreciation and impairment |
41,205
6,491
34,714
Charge for year
4,720
920
3,800
45,925
7,411
38,514
147,625
18,249
165,874
151,425
6,169
157,594
2023
2024
903,896
751,396
4. Trade and other receivables |
2023
2024
194,015
221,515
5. Trade and other payables: amounts falling due within one year |
2023
2024
14,866
17,261
Taxation and social security |
90,677
86,585
28,313
36,299
17,523
20,059
151,379
160,204
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For the year ended 31 January 2024
STATUS 1 AUTOMOTIVE LIMITED
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
7,087
-
184,108
202,108
191,195
202,108
7. Average number of persons employed |
During the year the average number of employees was 0
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