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REGISTERED NUMBER: 04192257 (England and Wales)

















Spa Motors Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024






Spa Motors Limited (Registered number: 04192257)






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


Spa Motors Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: L Saikhon
S S Saikhon
S Saikhon





SECRETARY: Mrs P Saikhon





REGISTERED OFFICE: 9 -11 Longfield Road
Sydenham Industrial Estate
Leamington Spa
Warwickshire
CV31 1XB





REGISTERED NUMBER: 04192257 (England and Wales)





ACCOUNTANTS: Moffat Gilbert
Unit 12
Shottery Brook Office Park
Timothy's Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NR

Spa Motors Limited (Registered number: 04192257)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 32,754 40,585

CURRENT ASSETS
Stocks 4,028 7,396
Debtors 5 168,074 155,109
Cash at bank and in hand 36,761 45,158
208,863 207,663
CREDITORS
Amounts falling due within one year 6 161,170 167,408
NET CURRENT ASSETS 47,693 40,255
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,447

80,840

PROVISIONS FOR LIABILITIES 8,189 10,146
NET ASSETS 72,258 70,694

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 72,257 70,693
SHAREHOLDERS' FUNDS 72,258 70,694

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 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.

Spa Motors Limited (Registered number: 04192257)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by:





S Saikhon - Director


Spa Motors Limited (Registered number: 04192257)

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

1. STATUTORY INFORMATION

Spa Motors 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.

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 represents net invoiced sales of goods and services, excluding value added tax. Income is recognised on completion of work and return of vehicle to customer when the invoice is raised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

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 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.

Operating leases
Operating lease payments are reflected in the financial statements in the period in which they are incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 9 ) .

Spa Motors Limited (Registered number: 04192257)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 64,920 39,478 8,774 113,172
Additions - - 1,168 1,168
Disposals - (595 ) (2,453 ) (3,048 )
At 31 August 2024 64,920 38,883 7,489 111,292
DEPRECIATION
At 1 September 2023 45,253 20,453 6,881 72,587
Charge for year 4,917 2,814 686 8,417
Eliminated on disposal - (329 ) (2,137 ) (2,466 )
At 31 August 2024 50,170 22,938 5,430 78,538
NET BOOK VALUE
At 31 August 2024 14,750 15,945 2,059 32,754
At 31 August 2023 19,667 19,025 1,893 40,585

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Amounts owed by group undertakings 163,790 154,788
Prepayments 4,284 321
168,074 155,109

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 65,658 68,023
Tax 19,146 25,101
Social security and other taxes 42,298 39,184
Other creditors - 24,326
Accruals 34,068 10,774
161,170 167,408

7. CALLED UP SHARE CAPITAL

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

Spa Motors Limited (Registered number: 04192257)

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

8. RESERVES
Retained
earnings
£   

At 1 September 2023 70,693
Profit for the year 51,564
Dividends (50,000 )
At 31 August 2024 72,257

9. RELATED PARTY DISCLOSURES

Rent of £33,000 (2023 £33,000) was paid to the parent undertaking Spa Property Investments Limited, together with management charges of £24,700.
At the year end the company was owed £163,790 by the parent undertaking (2023 £154,788).

10. ULTIMATE CONTROLLING PARTY

The share capital is owned 100% by the parent undertaking Spa Property Investments Limited, a company incorporated in England, whose registered office is located at 16 Earl Rivers Avenue, Heathcote, Warwick. Mr S S Saikhon and Mrs P K Saikhon are regarded as the joint ultimate controlling parties of the company by virtue of their majority shareholdings in the parent undertaking.

11. SECURED DEBTS

National Westminster Bank PLC hold a debenture by way of fixed charge over the current and future property of the company together with a floating charge of all other current and future assets of the company.The charge is dated 6th August 2012.