Registered number
11762461
S & K Car Repairs Limited
Filleted Accounts
31 January 2025
S & K Car Repairs Limited
Company Information
Directors
K B Cuff
D R Jones
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
Unit 3 Innsworth Technology Park
Innsworth Lane
Gloucester
Glos
Registered number
11762461
S & K Car Repairs Limited
Registered number: 11762461
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 9,600 12,000
Tangible assets 4 2,085 3,125
11,685 15,125
Current assets
Debtors 5 1,273 -
Cash at bank and in hand 42,690 69,904
43,963 69,904
Creditors: amounts falling due within one year 6 (29,348) (31,614)
Net current assets 14,615 38,290
Total assets less current liabilities 26,300 53,415
Creditors: amounts falling due after more than one year 7 - (9,101)
Net assets 26,300 44,314
Capital and reserves
Called up share capital 100 100
Profit and loss account 26,200 44,214
Shareholders' funds 26,300 44,314
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K B Cuff D R Jones
Director
Approved by the board on 31 March 2025
S & K Car Repairs Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over four years
Motor vehicles over four years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 5 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2024 24,000
At 31 January 2025 24,000
Amortisation
At 1 February 2024 12,000
Provided during the year 2,400
At 31 January 2025 14,400
Net book value
At 31 January 2025 9,600
At 31 January 2024 12,000
Goodwill is being written off in equal annual instalments over its estimated economic life of ten years.
4 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 February 2024 20,814 6,587 27,401
At 31 January 2025 20,814 6,587 27,401
Depreciation
At 1 February 2024 20,814 3,462 24,276
Charge for the year - 1,040 1,040
At 31 January 2025 20,814 4,502 25,316
Net book value
At 31 January 2025 - 2,085 2,085
At 31 January 2024 - 3,125 3,125
5 Debtors 2025 2024
£ £
Trade debtors 1,273 -
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 10,159 6,628
Taxation and social security costs 10,735 15,176
Other creditors 8,454 9,810
29,348 31,614
7 Creditors: amounts falling due after one year 2025 2024
£ £
Directors loans - 9,101
8 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases 20,426 18,527
9 Controlling party
The company is controlled by K B Cuff.
10 Other information
S & K Car Repairs Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 3 Innsworth Technology Park
Innsworth Lane
Gloucester
Glos
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