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Company registration number: 09252158
MS Auto Repairs (Bideford) Limited
Unaudited filleted financial statements
for the period ended
31 March 2024
MS Auto Repairs (Bideford) Limited
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
MS Auto Repairs (Bideford) Limited
Directors and other information
Director Mr M D Souch
Company number 09252158
Registered office Unit 12 Habat Enterprise Park
Clovelly Road Industrial Estate
Bideford
Devon
EX39 3HN
Business address Unit 12 Habat Enterprise Park
Clovelly Road Industrial Estate
Bideford
Devon
EX39 3HN
Accountants Giffords LLP
Office 8 The Barns, Farm Road
Caddsdown Industrial Park
Bideford
Devon
EX39 3BT
MS Auto Repairs (Bideford) Limited
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of MS Auto Repairs (Bideford) Limited
Period ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MS Auto Repairs (Bideford) Limited for the period ended 31 March 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of MS Auto Repairs (Bideford) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of MS Auto Repairs (Bideford) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MS Auto Repairs (Bideford) Limited and its director as a body for our work or for this report.
It is your duty to ensure that MS Auto Repairs (Bideford) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MS Auto Repairs (Bideford) Limited. You consider that MS Auto Repairs (Bideford) Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of MS Auto Repairs (Bideford) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Giffords LLP
Chartered Accountants
Office 8 The Barns, Farm Road
Caddsdown Industrial Park
Bideford
Devon
EX39 3BT
31 January 2025
MS Auto Repairs (Bideford) Limited
Statement of financial position
31 March 2024
31/03/24 31/01/23
£ £ £ £
Fixed assets 58,285 45,377
________ ________
Current assets 88,628 76,805
Prepayments and accrued income - 1,646
________ ________
88,628 78,451
Creditors: amounts falling due within one year ( 127,765) ( 96,590)
________ ________
Net current liabilities ( 39,137) ( 18,139)
________ ________
Total assets less current liabilities 19,148 27,238
Creditors: amounts falling due after more than one year ( 9,999) ( 23,331)
Accruals and deferred income ( 7,388) ( 3,550)
________ ________
Net assets 1,761 357
________ ________
Capital and reserves 1,761 357
________ ________
Notes to the financial statements
MS Auto Repairs (Bideford) Limited
Period ended 31 March 2024
1. Employee numbers
The average number of persons employed by the company during the period amounted to 7 (2023: 6 ).
2. Directors advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
Period ended 31/03/24
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr M D Souch 5,372 82,728 ( 44,669) 43,431
________ ________ ________ ________
Year ended 31/01/23
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr M D Souch 36,825 520 ( 31,973) 5,372
________ ________ ________ ________
The director had a loan with the company during the year. The rate of interest charged on this loan was 2.25% per annum. (2023 2% per annum).
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 31 January 2025 , and are signed on behalf of the board by:
Mr M D Souch
Director
Company registration number: 09252158
The company is a private company limited by shares, registered in England & Wales.