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REGISTERED NUMBER: 05511188 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

STANDLAKE VEHICLE SERVICES LIMITED

STANDLAKE VEHICLE SERVICES LIMITED (REGISTERED NUMBER: 05511188)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STANDLAKE VEHICLE SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr D Fowler





SECRETARY: Mr D Fowler





REGISTERED OFFICE: Unit 5
Standlake Business Park
Witney
Oxfordshire
OX29 7PR





REGISTERED NUMBER: 05511188 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Eden House
Two Rivers Business Park
Witney
Oxfordshire
OX28 4BL

STANDLAKE VEHICLE SERVICES LIMITED (REGISTERED NUMBER: 05511188)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 50,871 46,608

CURRENT ASSETS
Stocks 1,600 1,600
Debtors 5 45,666 29,962
Cash at bank and in hand 196,734 190,833
244,000 222,395
CREDITORS
Amounts falling due within one year 6 102,875 99,029
NET CURRENT ASSETS 141,125 123,366
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,996

169,974

CREDITORS
Amounts falling due after more than one
year

7

(8,532

)

(18,585

)

PROVISIONS FOR LIABILITIES 8 (8,673 ) (8,305 )
NET ASSETS 174,791 143,084

CAPITAL AND RESERVES
Called up share capital 9 81 81
Capital redemption reserve 20 20
Retained earnings 174,690 142,983
SHAREHOLDERS' FUNDS 174,791 143,084

STANDLAKE VEHICLE SERVICES LIMITED (REGISTERED NUMBER: 05511188)

BALANCE SHEET - continued
31 AUGUST 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 6 May 2025 and were signed by:





Mr D Fowler - Director


STANDLAKE VEHICLE SERVICES LIMITED (REGISTERED NUMBER: 05511188)

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

1. STATUTORY INFORMATION

Standlake Vehicle Services 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

STANDLAKE VEHICLE SERVICES LIMITED (REGISTERED NUMBER: 05511188)

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

2. ACCOUNTING POLICIES - continued

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.

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

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 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 3,263 109,215 3,765
Additions 420 24,900 -
Disposals (393 ) (9,262 ) (3,654 )
At 31 August 2024 3,290 124,853 111
DEPRECIATION
At 1 September 2023 3,028 81,679 941
Charge for year 85 12,432 22
Eliminated on disposal (157 ) (6,549 ) (914 )
At 31 August 2024 2,956 87,562 49
NET BOOK VALUE
At 31 August 2024 334 37,291 62
At 31 August 2023 235 27,536 2,824

STANDLAKE VEHICLE SERVICES LIMITED (REGISTERED NUMBER: 05511188)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 42,111 3,390 161,744
Additions 4,220 500 30,040
Disposals (4,900 ) (1,697 ) (19,906 )
At 31 August 2024 41,431 2,193 171,878
DEPRECIATION
At 1 September 2023 26,521 2,967 115,136
Charge for year 4,270 548 17,357
Eliminated on disposal (2,169 ) (1,697 ) (11,486 )
At 31 August 2024 28,622 1,818 121,007
NET BOOK VALUE
At 31 August 2024 12,809 375 50,871
At 31 August 2023 15,590 423 46,608

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023
and 31 August 2024 30,598
DEPRECIATION
At 1 September 2023 20,916
Charge for year 2,421
At 31 August 2024 23,337
NET BOOK VALUE
At 31 August 2024 7,261
At 31 August 2023 9,682

5. DEBTORS
31.8.24 31.8.23
£    £   
Amounts falling due within one year:
Trade debtors 30,800 28,108
Bad debt provision - (7,175 )
Other debtors 3,884 6,134
Witney Road MOT Centre Ltd 177 177
Prepayments 2,718 2,718
37,579 29,962

STANDLAKE VEHICLE SERVICES LIMITED (REGISTERED NUMBER: 05511188)

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

5. DEBTORS - continued
31.8.24 31.8.23
£    £   
Amounts falling due after more than one year:
Trade debtors 8,087 -

Aggregate amounts 45,666 29,962

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 9,688 9,688
Hire purchase contracts 1,300 4,419
Trade creditors 31,155 31,849
Tax 11,041 1,069
Social security and other taxes 4,165 4,559
Pension 916 2,502
VAT 18,997 18,451
Commercial card 867 1,402
Directors' current accounts 19,799 19,649
Accrued expenses 4,947 5,441
102,875 99,029

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans - 1-2 years 8,532 9,688
Bank loans - 2-5 years - 8,897
8,532 18,585

8. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax
Accelerated capital allowances 8,673 8,305

Deferred
tax
£   
Balance at 1 September 2023 8,305
Provided during year 368
Balance at 31 August 2024 8,673

STANDLAKE VEHICLE SERVICES LIMITED (REGISTERED NUMBER: 05511188)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
80 Ordinary £1 80 80
1 B Ordinary £1 1 1
81 81