Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30Other service activities not elsewhere classified2023-07-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09083744 2023-07-01 2024-06-30 09083744 2022-07-01 2023-06-30 09083744 2024-06-30 09083744 2023-06-30 09083744 c:Director1 2023-07-01 2024-06-30 09083744 d:CurrentFinancialInstruments 2024-06-30 09083744 d:CurrentFinancialInstruments 2023-06-30 09083744 d:Non-currentFinancialInstruments 2024-06-30 09083744 d:Non-currentFinancialInstruments 2023-06-30 09083744 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09083744 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09083744 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 09083744 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 09083744 d:UKTax 2023-07-01 2024-06-30 09083744 d:UKTax 2022-07-01 2023-06-30 09083744 d:ShareCapital 2024-06-30 09083744 d:ShareCapital 2023-06-30 09083744 d:RetainedEarningsAccumulatedLosses 2024-06-30 09083744 d:RetainedEarningsAccumulatedLosses 2023-06-30 09083744 c:FRS102 2023-07-01 2024-06-30 09083744 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09083744 c:FullAccounts 2023-07-01 2024-06-30 09083744 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09083744 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 09083744









SOMERSET AUTOS AND MOT CENTRE LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
SOMERSET AUTOS AND MOT CENTRE LTD
REGISTERED NUMBER: 09083744

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
54,000
35,000

Cash at bank and in hand
 6 
5,207
8,073

  
59,207
43,073

Creditors: amounts falling due within one year
 7 
(82,792)
(57,445)

Net current liabilities
  
 
 
(23,585)
 
 
(14,372)

Total assets less current liabilities
  
(23,585)
(14,372)

Creditors: amounts falling due after more than one year
 8 
(8,847)
(18,398)

  

Net liabilities
  
(32,432)
(32,770)

Page 1

 
SOMERSET AUTOS AND MOT CENTRE LTD
REGISTERED NUMBER: 09083744
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(32,532)
(32,870)

  
(32,432)
(32,770)


Page 2

 
SOMERSET AUTOS AND MOT CENTRE LTD
REGISTERED NUMBER: 09083744
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Abubaker Saddiq
Director

Date: 25 March 2025

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
SOMERSET AUTOS AND MOT CENTRE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Somerset Autos and MOT Centre Limited is a company limited by shares incorporated in England within the United Kingdom, having a registration of 09083744. The address of the registered office is 77 Francis Road, Edgbaston, Birmingham, B16 8SP.
The financial statements are presented in sterling which is functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements has been prepared on a going concern basis which assumes that the company will continue to receive support from creditors and the director as and when required.

Page 4

 
SOMERSET AUTOS AND MOT CENTRE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
SOMERSET AUTOS AND MOT CENTRE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 6

 
SOMERSET AUTOS AND MOT CENTRE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
81
80


81
80


Total current tax
81
80

Deferred tax

Total deferred tax
-
-


Taxation on profit on ordinary activities
81
80

Factors affecting tax charge for the year

The tax assessed for the year is the same as (2023 - the same as) the standard rate of corporation tax in the UK of 19% (2023 - 19%) as set out below:

2024
2023
£
£


Profit on ordinary activities before tax
425
423


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 19% (2023 - 19%)
81
80

Effects of:

Total tax charge for the year
81
80


Factors that may affect future tax charges

There were no factors that may affect future tax charges.
Page 7

 
SOMERSET AUTOS AND MOT CENTRE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Other debtors
54,000
35,000

54,000
35,000



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
5,207
8,073

5,207
8,073



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,320
10,767

Corporation tax
81
80

Other creditors
71,191
46,598

Accruals and deferred income
1,200
-

82,792
57,445



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
8,847
18,398

8,847
18,398


Page 8

 
SOMERSET AUTOS AND MOT CENTRE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Related party transactions

A Saddiq is also a director and shareholder of Green Lane First Investments Limited.  
During the year, the company transacted with Green Lane First Investments Limited for good and services for a net amount of £19,000. As at the balance sheet date, the company was owed £54,000 (2023: £35,000) from Green Lane First Investments Limited, which is shown in Debtors due within one year.
The above balance is payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.


10.


Controlling party

During the year, the company was under the control of A Saddiq , the sole director and shareholder of the company.
 
Page 9