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COMPANY REGISTRATION NUMBER: 12760239
Chorleywood MOT & Service Centre Ltd
Filleted Unaudited Financial Statements
30 November 2024
Chorleywood MOT & Service Centre Ltd
Statement of Financial Position
30 November 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
11,720
23,440
Current assets
Debtors
5
3,312
180
Cash at bank and in hand
28,716
31,016
--------
--------
32,028
31,196
Creditors: amounts falling due within one year
6
37,188
43,828
--------
--------
Net current liabilities
5,160
12,632
--------
--------
Total assets less current liabilities
6,560
10,808
-------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
6,460
10,708
-------
--------
Shareholders funds
6,560
10,808
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Chorleywood MOT & Service Centre Ltd
Statement of Financial Position (continued)
30 November 2024
These financial statements were approved by the board of directors and authorised for issue on 18 February 2025 , and are signed on behalf of the board by:
Mr David Rodgers
Director
Company registration number: 12760239
Chorleywood MOT & Service Centre Ltd
Notes to the Financial Statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 136 St Albans Road, Waford, WD24 4FT.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20% straight line
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
3. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 1 ).
4. Tangible assets
Equipment
£
Cost
At 1 December 2023 and 30 November 2024
58,600
--------
Depreciation
At 1 December 2023
35,160
Charge for the year
11,720
--------
At 30 November 2024
46,880
--------
Carrying amount
At 30 November 2024
11,720
--------
At 30 November 2023
23,440
--------
5. Debtors
2024
2023
£
£
Trade debtors
3,312
180
-------
----
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
5,846
5,065
Social security and other taxes
4,860
4,890
Other creditors
26,482
33,873
--------
--------
37,188
43,828
--------
--------
7. Financial instruments
There are no financial instruments requiring further disclosure.
8. Directors' advances, credits and guarantees
There are no transactions directors requiring further disclosure.