Company Registration No. 9720167 (England and Wales)
Smart Autos (Banbury) Ltd
Unaudited accounts
for the year ended 31 August 2024
Smart Autos (Banbury) Ltd
Unaudited accounts
Contents
Smart Autos (Banbury) Ltd
Company Information
for the year ended 31 August 2024
Company Number
9720167 (England and Wales)
Registered Office
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
Smart Autos (Banbury) Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
18,805
24,583
Cash at bank and in hand
131,957
84,025
Creditors: amounts falling due within one year
(56,493)
(44,746)
Net current assets
105,733
82,285
Total assets less current liabilities
124,538
106,868
Creditors: amounts falling due after more than one year
-
(1,041)
Provisions for liabilities
Deferred tax
(4,230)
(4,670)
Net assets
120,308
101,157
Called up share capital
2
2
Profit and loss account
120,306
101,155
Shareholders' funds
120,308
101,157
For the year ending 31 August 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 17 January 2025 and were signed on its behalf by
Gordon Ian Smith
Director
Company Registration No. 9720167
Smart Autos (Banbury) Ltd
Notes to the Accounts
for the year ended 31 August 2024
Smart Autos (Banbury) Ltd is a private company, limited by shares, registered in England and Wales, registration number 9720167. The registered office is Moreton House, 31 High Street, Buckingham, Bucks, MK18 1NU.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on Reducing Balance
Motor vehicles
25% on Reducing Balance
Computer equipment
15% on Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
20,138
25,143
1,370
46,651
At 31 August 2024
20,138
25,143
1,370
46,651
At 1 September 2023
13,701
7,451
916
22,068
Charge for the year
1,287
4,423
68
5,778
At 31 August 2024
14,988
11,874
984
27,846
At 31 August 2024
5,150
13,269
386
18,805
At 31 August 2023
6,437
17,692
454
24,583
Smart Autos (Banbury) Ltd
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
14,460
22,197
Accrued income and prepayments
1,311
1,311
Other debtors
13,623
18,623
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
2,591
Trade creditors
8,321
5,394
Taxes and social security
29,154
28,068
Other creditors
19,018
8,693
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
1,041
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).