REGISTERED NUMBER: 12381123 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Sandown Coachworks Camberley Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

H J Rossiter

SECRETARY:

H J Rossiter

REGISTERED OFFICE:

24 Doman Road

Yorktown Business Park

Camberley

Surrey

GU15 3DF

REGISTERED NUMBER:

12381123 (England and Wales)

ACCOUNTANTS:

Butt Miller

Chartered Accountants

1 Minster Court

Tuscam Way

Camberley

Surrey

GU15 3YY

FIXED ASSETS

Tangible assets

4

175,635

297,216

CURRENT ASSETS

Stocks

5

15,000

36,013

Debtors

6

480,156

612,314

Cash at bank and in hand

219,104

102,478

714,260

750,805

CREDITORS

Amounts falling due within one year

7

(758,296

)

(873,900

)

NET CURRENT LIABILITIES

(44,036

)

(123,095

)

TOTAL ASSETS LESS CURRENT LIABILITIES

131,599

174,121

CREDITORS

Amounts falling due after more than one year

8

(25,876

)

(36,300

)

PROVISIONS FOR LIABILITIES

-

(21,194

)

NET ASSETS

105,723

116,627

CAPITAL AND RESERVES

Called up share capital

198

198

Retained earnings

105,525

116,429

105,723

116,627

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 5 September 2025 and were signed by:

H J Rossiter - Director

1.	STATUTORY INFORMATION

Sandown Coachworks Camberley 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.

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 the cost less estimated residual value of each asset over its estimated useful life.

Leasehold improvements

-

33.33% on cost

Plant and machinery

-

Straight line over 7 years

Fixtures and fittings

-

33.33% on cost

Motor vehicles

-

33.33% on cost

Computer equipment

-

33.33% 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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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 operating leases

Assets obtained under hire purchase contracts are capitalised in the Statement of Financial Position. Those held under hire purchase contracts are depreciated using the company's appropriate depreciation policies.

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

Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

Pension costs

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the Income Statement in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

improvements

machinery

fittings

£

£

£

COST

At 1 January 2024

20,000

108,730

69,597

Additions

-

24,072

3,793

Disposals

-

-

-

At 31 December 2024

20,000

132,802

73,390

DEPRECIATION

At 1 January 2024

20,000

60,128

32,626

Charge for year

-

17,629

19,774

Eliminated on disposal

-

-

-

At 31 December 2024

20,000

77,757

52,400

NET BOOK VALUE

At 31 December 2024

-

55,045

20,990

At 31 December 2023

-

48,602

36,971

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

376,369

20,669

595,365

Additions

26,743

7,763

62,371

Disposals

(54,000

)

-

(54,000

)

At 31 December 2024

349,112

28,432

603,736

DEPRECIATION

At 1 January 2024

176,417

8,978

298,149

Charge for year

100,469

7,065

144,937

Eliminated on disposal

(14,985

)

-

(14,985

)

At 31 December 2024

261,901

16,043

428,101

NET BOOK VALUE

At 31 December 2024

87,211

12,389

175,635

At 31 December 2023

199,952

11,691

297,216

5.

STOCKS

2024

2023

£

£

Stocks

15,000

36,013

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

354,418

503,836

Other debtors

43,540

12,394

Directors' loan accounts

3,938

-

Prepayments

78,260

96,084

480,156

612,314

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans

5,494

5,358

Hire purchase contracts (see note 9)

4,895

6,790

Trade creditors

252,784

315,910

Tax

53,864

52,767

Social security and other taxes

30,922

33,129

VAT

115,776

146,203

Other creditors

102,988

65,388

Sandown Coachworks (Hersham) Limited

181,927

162,594

Directors' loan accounts

-

59,374

Accruals

9,646

26,387

758,296

873,900

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

5,633

5,493

Bank loans - 2-5 years

17,768

17,327

Bank loans more than 5 years

2,475

8,585

Hire purchase contracts (see note 9)

-

4,895

25,876

36,300

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

2,475

8,585

Hire purchase contracts are secured on the assets owned under hire purchase contracts.

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2024

2023

£

£

Net obligations repayable:

Within one year

4,895

6,790

Between one and five years

-

4,895

4,895

11,685

Non-cancellable operating

leases

2024

2023

£

£

Within one year

93,088

80,389

Between one and five years

117,160

176,558

210,248

256,947

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

H J Rossiter

Balance outstanding at start of year

(47,560

)

(46,532

)

Amounts advanced

56,363

101,635

Amounts repaid

(4,865

)

(102,663

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,938

(47,560

)

D D Unwin

Balance outstanding at start of year

(11,814

)

(6,089

)

Amounts advanced

19,278

42,790

Amounts repaid

(7,464

)

(48,515

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(11,814

)

The above loan is unsecured, interest free and repayable on demand.

D D Unwin resigned as director during the period and his balance has been reallocated to other debtors at the year end.