Registered number
09611386
Sixways MOT Garage Limited
Filleted Accounts
31 May 2024
Sixways MOT Garage Limited
Registered number: 09611386
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 11,879 13,975
Current assets
Cash at bank and in hand 4,875 3,560
Creditors: amounts falling due within one year 4 (1,076) (1,358)
Net current assets 3,799 2,202
Total assets less current liabilities 15,678 16,177
Creditors: amounts falling due after more than one year 5 (11,691) (17,606)
Net assets/(liabilities) 3,987 (1,429)
Capital and reserves
Called up share capital 1 1
Profit and loss account 3,986 (1,430)
Shareholders' funds 3,987 (1,429)
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.
Mr Khalid Hussain
Director
Approved by the board on 7 February 2025
Sixways MOT Garage Limited
Notes to the Accounts
for the year ended 31 May 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:
Plant and machinery 15% reducing balance
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 33,348
At 31 May 2024 33,348
Depreciation
At 1 June 2023 19,373
Charge for the year 2,096
At 31 May 2024 21,469
Net book value
At 31 May 2024 11,879
At 31 May 2023 13,975
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 113 -
Other creditors 963 1,358
1,076 1,358
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,691 17,606
6 Other information
Sixways MOT Garage Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 1 & 2 Johnston Street
Birmingham
West Midlands
B19 1SZ
7 Going concern
The financial statements have been prepared on the basis that the company is a going concern and that the directors will continue to support the company.
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