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Registration number: 04722800

Sennybridge Service Station Limited

Annual Report and

Unaudited Financial Statements


for the Year Ended 30 June 2024

 

Sennybridge Service Station Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 8

 

Sennybridge Service Station Limited

Company Information

Director

Mr N S Kenchington

Company secretary

Mrs M J Kenchington

Registered office

Sennybridge Service Station
Sennybridge
Brecon
Powys
LD3 8PR

 

Accountants

W J James & Co
Chartered Accountants
Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

 

Sennybridge Service Station Limited

(Registration number: 04722800)

Balance Sheet
as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

13,976

18,013

Current assets

 

Stocks

42,150

54,743

Debtors

6

57,230

51,199

Cash at bank and in hand

 

30,404

44,542

 

129,784

150,484

Creditors: Amounts falling due within one year

7

(63,811)

(69,427)

Net current assets

 

65,973

81,057

Total assets less current liabilities

 

79,949

99,070

Provisions for liabilities

(2,573)

(3,283)

Net assets

 

77,376

95,787

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

77,276

95,687

Total equity

 

77,376

95,787

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The profit and loss account and directors' report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

Sennybridge Service Station Limited

(Registration number: 04722800)

Balance Sheet
as at 30 June 2024

Approved and authorised by the director on 21 March 2025
 

.........................................

Mr N S Kenchington

Director

 

Sennybridge Service Station Limited

Notes to the Financial Statements
for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Sennybridge Service Station
Sennybridge
Brecon
Powys
LD3 8PR

These financial statements were authorised for issue by the director on 21 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in pounds sterling, which is the functional currency of the company, and rounded to the nearest £1.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax and discounts.

The company recognises revenue when:
the amount of revenue can be reliably measured; and
it is probable that future economic benefits will flow to the entity; and
specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the UK, which is the country where the company operates and generates taxable income.

 

Sennybridge Service Station Limited

Notes to the Financial Statements
for the Year Ended 30 June 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Improvements to property

10% on cost

Plant and machinery

20% on reducing balance

Computer equipment

25% on cost

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been amortised over its estimated useful life of five years. The goodwill is now fully amortised.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

Stocks

Stocks are stated at the lower of cost and estimated selling price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities as the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date.

 

Sennybridge Service Station Limited

Notes to the Financial Statements
for the Year Ended 30 June 2024

Borrowings

Interest-bearing borrowings are recorded at fair value, net of transaction costs.

The interest expense is included in interest payable and similar charges.

Borrowings are classified as current liabilitiesa as the company does not have an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash received.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

 

Sennybridge Service Station Limited

Notes to the Financial Statements
for the Year Ended 30 June 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 July 2023

10,000

10,000

At 30 June 2024

10,000

10,000

Amortisation

At 1 July 2023

10,000

10,000

At 30 June 2024

10,000

10,000

Carrying amount

At 30 June 2024

-

-

Revalued assets for the year ended 30 June 2023

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2023

25,289

110,864

136,153

At 30 June 2024

25,289

110,864

136,153

Depreciation

At 1 July 2023

24,198

93,942

118,140

Charge for the year

654

3,383

4,037

At 30 June 2024

24,852

97,325

122,177

Carrying amount

At 30 June 2024

437

13,539

13,976

At 30 June 2023

1,091

16,922

18,013

6

Debtors

2024
£

2023
£

Trade debtors

52,483

47,255

Prepayments

4,747

3,944

57,230

51,199

 

Sennybridge Service Station Limited

Notes to the Financial Statements
for the Year Ended 30 June 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

9

1,212

-

Trade creditors

 

44,218

42,687

Taxation and social security

 

6,001

7,485

Accruals and deferred income

 

3,171

3,690

Other creditors

 

9,209

15,565

 

63,811

69,427

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

9

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank overdrafts

1,212

-