Registered number
SC194396
Stanvale Motors Limited
Filleted Accounts
30 April 2024
Stanvale Motors Limited
Registered number: SC194396
Balance Sheet
as at 30 April 2024
Notes 2024
£
Current assets
Stocks 15,380
Cash at bank and in hand 580
15,960
Creditors: amounts falling due within one year 4 (500)
Net current assets 15,460
Total assets less current liabilities 15,460
Creditors: amounts falling due after more than one year 5 (89,569)
Net liabilities (74,109)
Capital and reserves
Called up share capital 100
Profit and loss account (74,209)
Shareholders' funds (74,109)
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.
M Valente
Director
Approved by the board on 31 January 2025
Stanvale Motors 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax asset is recognised in respect of a tax loss that can be carried forwards to be releived agsinst the profits of future trading, where applicable.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 3,139
At 30 April 2024 3,139
Depreciation
At 1 May 2023 3,131
Charge for the year 8
At 30 April 2024 3,139
Net book value
At 30 April 2024 -
At 30 April 2023 8
4 Creditors: amounts falling due within one year 2024
£
Taxation and social security costs (190)
Other creditors 690
500
5 Creditors: amounts falling due after one year 2024
£
Other creditors 89,569
6 Other information
Stanvale Motors Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
75 Overton Road
Kirkcaldy
Fife
KY1 2DY
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