Registered number: 5490845 | ||||||||
FOR THE YEAR ENDED 30/06/2024 | ||||||||
Prepared By: | ||||||||
N B Lancaster & Co | ||||||||
Chartered Accountants | ||||||||
6 Brunswick Street | ||||||||
Carlisle | ||||||||
Cumbria | ||||||||
CA1 1PN |
K. and T. Bodyshop Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/06/2024 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Cumbria | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 5490845 | ||||||||
BANKERS | ||||||||
HSBC Bank Plc | ||||||||
ACCOUNTANTS | ||||||||
N B Lancaster & Co | ||||||||
Chartered Accountants | ||||||||
6 Brunswick Street | ||||||||
Carlisle | ||||||||
Cumbria | ||||||||
CA1 1PN |
K. and T. Bodyshop Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30/06/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
K. and T. Bodyshop Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
189,042 | 206,401 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 109,029 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 15,800 | 20,999 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | ||||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | ||||||||||
Profit and loss account | 117,682 | 130,712 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
K. and T. Bodyshop Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/06/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | reducing balance 25% | |||||||
Computer Equipment | reducing balance 25% | |||||||
Motor Vehicles | reducing balance 25% |
1c. Stocks | ||||||||
Stock and work in progress are valued at the lower of cost and net estimated selling price less selling costs. For parts, cost is based on the weighted average purchase price. For work in progress, cost is taken as production cost which includes an appropriate proportion of attributable overheads. |
1d. Turnover | ||||||||
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. Turnover is recognised upon the despatch of goods or provision of services. |
1e. Taxation | ||||||||
Corporation tax payable is provided on taxable profits at the current rates. Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. |
1f. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1g. Government Grants | ||||||||
Government grants offering immediate financial assistance for Covid-19 are recognised in profit and loss in the year in which they are received. |
K. and T. Bodyshop Limited | ||||||||
1h. Leases | ||||||||
Assets held under hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the agreement. Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the lease term. |
2. TANGIBLE FIXED ASSETS | ||||||||
Plant and | ||||||||
Machinery | Equipment | Motor Vehicles | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/07/2023 | 70,968 | 13,540 | 222,310 | 306,818 | ||||
Additions | - | - | 40,801 | 40,801 | ||||
Disposals | - | - | (30,675) | (30,675) | ||||
At 30/06/2024 | 70,968 | 13,540 | 232,436 | 316,944 | ||||
Depreciation | ||||||||
At 01/07/2023 | 67,762 | 11,232 | 180,029 | 259,023 | ||||
Disposals | - | - | (17,734) | (17,734) | ||||
For the year | 801 | 577 | 17,535 | 18,913 | ||||
At 30/06/2024 | 68,563 | 11,809 | 179,830 | 260,202 | ||||
Net Book Amounts | ||||||||
At 30/06/2024 | 2,405 | 1,731 | 52,606 | 56,742 | ||||
At 30/06/2023 | 3,206 | 2,308 | 42,281 | 47,795 | ||||
3. STOCK | 2024 | 2023 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
Work in progress | ||||||
4. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 69,245 | - | ||||||
Prepayments | 1,414 | 3,338 | ||||||
70,659 | 3,338 | |||||||
K. and T. Bodyshop Limited | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 2,057 | 12,579 | ||||||
VAT | 22,697 | 11,222 | ||||||
Other tax and social security costs | 4,140 | 2,199 | ||||||
Directors current account | 48,810 | 46,844 | ||||||
Bank loans (unsecured) | 10,000 | 9,747 | ||||||
Hire purchase | 7,369 | 10,000 | ||||||
Trade creditors | 7,063 | 2,381 | ||||||
Accruals | 2,400 | 2,400 | ||||||
104,536 | 97,372 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Bank Loans (unsecured) >1yr | 10,746 | 20,999 | ||||||
Hire purchase >1yr | 5,054 | - | ||||||
15,800 | 20,999 | |||||||
7. SECURED CREDITORS | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Amount of other creditors which are secured | 12,423 | 10,000 | ||||||
Hire purchase creditors are secured on the assets to which the liabilities relate. | ||||||||
8. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 3 | |||||
K. and T. Bodyshop Limited | ||||||||
9. ADDITIONAL INFORMATION | ||||||||
The company is a private company, limited by shares and registered in England & Wales. | ||||||||
The company's registered number is 05490845. | ||||||||
The company's registered office is 6 Brunswick Street, Carlisle CA1 1PN. |
10. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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