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REGISTERED NUMBER: 13487106 (England and Wales)














UKMC PRESTIGE AUTO SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






UKMC PRESTIGE AUTO SERVICES LTD (REGISTERED NUMBER: 13487106)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


UKMC PRESTIGE AUTO SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: S T Beech
Mrs E Beech





REGISTERED OFFICE: The Beech's
4 Cherry Gardens
Kingsnorth Road
Ashford
Kent
TN23 6LG





REGISTERED NUMBER: 13487106 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG

UKMC PRESTIGE AUTO SERVICES LTD (REGISTERED NUMBER: 13487106)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 6,259 6,515

CURRENT ASSETS
Debtors 5 58,951 88,277
Cash at bank 160,576 122,124
219,527 210,401
CREDITORS
Amounts falling due within one year 6 55,577 83,153
NET CURRENT ASSETS 163,950 127,248
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,209

133,763

PROVISIONS FOR LIABILITIES 286 381
NET ASSETS 169,923 133,382

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 169,823 133,282
SHAREHOLDERS' FUNDS 169,923 133,382

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 directors acknowledge their 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.

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 Board of Directors and authorised for issue on 10 April 2025 and were signed on its behalf by:





S T Beech - Director


UKMC PRESTIGE AUTO SERVICES LTD (REGISTERED NUMBER: 13487106)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

UKMC Prestige Auto Services Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on cost
Computer equipment - 25% on reducing balance

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

UKMC PRESTIGE AUTO SERVICES LTD (REGISTERED NUMBER: 13487106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST
At 1 August 2023 6,240 2,707 8,947
Additions - 999 999
At 31 July 2024 6,240 3,706 9,946
DEPRECIATION
At 1 August 2023 1,248 1,184 2,432
Charge for year 624 631 1,255
At 31 July 2024 1,872 1,815 3,687
NET BOOK VALUE
At 31 July 2024 4,368 1,891 6,259
At 31 July 2023 4,992 1,523 6,515

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 51,144 84,605
Other debtors 7,807 3,672
58,951 88,277

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account - 65
Trade creditors 10,240 30,317
Taxation and social security 32,315 33,135
Other creditors 13,022 19,636
55,577 83,153

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 4,712 4,712
Between one and five years 3,534 8,246
8,246 12,958

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100