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REGISTERED NUMBER: 05868423 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Scorpio Chauffeur Cars Limited

Scorpio Chauffeur Cars Limited (Registered number: 05868423)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Scorpio Chauffeur Cars Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr S N Gillingham





REGISTERED OFFICE: 238 Station Road
Addlestone
Surrey
KT15 2PS





REGISTERED NUMBER: 05868423 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Chartered Certified Accountants
238 Station Road
Addlestone
Surrey
KT15 2PS

Scorpio Chauffeur Cars Limited (Registered number: 05868423)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 66,374 79,550
66,374 79,550

CURRENT ASSETS
Debtors 6 31,258 30,155
Cash at bank and in hand 56,355 74,706
87,613 104,861
CREDITORS
Amounts falling due within one year 7 (74,322 ) (95,021 )
NET CURRENT ASSETS 13,291 9,840
TOTAL ASSETS LESS CURRENT LIABILITIES 79,665 89,390

CREDITORS
Amounts falling due after more than one
year

8

(35,916

)

(66,200

)
NET ASSETS 43,749 23,190

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 43,747 23,188
SHAREHOLDERS' FUNDS 43,749 23,190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Scorpio Chauffeur Cars Limited (Registered number: 05868423)

Balance Sheet - continued
31 July 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 March 2025 and were signed by:





Mr S N Gillingham - Director


Scorpio Chauffeur Cars Limited (Registered number: 05868423)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

Scorpio Chauffeur Cars Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue
Revenue is measured at fair value and represents revenues receivable under contracts net of value added tax. Where contractual obligations have been partially performed at the balance sheet date, revenue is recognised to the extent that the company has obtained the right to consideration through its performance.

Goodwill
Purchased goodwill is capitalised and is amortised on a straight line basis over its useful economic life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:

Fixtures and fittings - 25% on reducing balance
Motor vehicles - Straight line over 7 years
Computer equipment - 33% on cost

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Scorpio Chauffeur Cars Limited (Registered number: 05868423)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 7,500
AMORTISATION
At 1 August 2023
and 31 July 2024 7,500
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

Scorpio Chauffeur Cars Limited (Registered number: 05868423)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023
and 31 July 2024 9,908 90,644 1,363 101,915
DEPRECIATION
At 1 August 2023 9,132 11,870 1,363 22,365
Charge for year 227 12,949 - 13,176
At 31 July 2024 9,359 24,819 1,363 35,541
NET BOOK VALUE
At 31 July 2024 549 65,825 - 66,374
At 31 July 2023 776 78,774 - 79,550

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023
and 31 July 2024 90,644
DEPRECIATION
At 1 August 2023 11,870
Charge for year 12,949
At 31 July 2024 24,819
NET BOOK VALUE
At 31 July 2024 65,825
At 31 July 2023 78,774

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 771 124
Deferred tax asset 17,451 16,524
Prepayments and accrued income 13,036 13,507
31,258 30,155

Scorpio Chauffeur Cars Limited (Registered number: 05868423)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 7,392 7,209
Hire purchase contracts 22,892 21,099
Trade creditors 2,669 1,650
Tax 19,736 15,368
VAT 6,229 7,969
Other creditors 6,294 25,246
Directors' current accounts 447 10,394
Accrued expenses 8,663 6,086
74,322 95,021

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans - 1-2 years 6,303 7,392
Bank loans - 2-5 years 639 6,942
Hire purchase contracts 28,974 51,866
35,916 66,200