Company registration number 07653583 (England and Wales)
Stuart Rich Autos Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 May 2025
PAGES FOR FILING WITH REGISTRAR
Stuart Rich Autos Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Stuart Rich Autos Ltd
Statement Of Financial Position
as at 31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
32,957
34,624
Current assets
Stocks
6,650
6,650
Debtors
7,253
6,216
Cash at bank and in hand
25,402
17,469
39,305
30,335
Creditors: amounts falling due within one year
(26,317)
(20,095)
Net current assets
12,988
10,240
Total assets less current liabilities
45,945
44,864
Creditors: amounts falling due after more than one year
(11,489)
(16,489)
Net assets
34,456
28,375
Capital and reserves
Called up share capital
2
1
Profit and loss reserves
34,454
28,374
Total equity
34,456
28,375
Stuart Rich Autos Ltd
Statement Of Financial Position (continued)
as at 31 May 2025
- 2 -

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 11 September 2025 and are signed on its behalf by:
S Rich
Director
Company registration number 07653583 (England and Wales)
Stuart Rich Autos Ltd
Notes to the financial statements
for the year ended 31 May 2025
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
10% reducing balance
Fixtures and fittings
15% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Stuart Rich Autos Ltd
Notes to the financial statements (continued)
for the year ended 31 May 2025
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 June 2024
20,378
6,816
34,865
62,059
Additions
6,200
-
0
-
0
6,200
Disposals
-
0
-
0
(7,075)
(7,075)
At 31 May 2025
26,578
6,816
27,790
61,184
Depreciation and impairment
At 1 June 2024
8,000
3,166
16,269
27,435
Depreciation charged in the year
1,412
547
4,229
6,188
Eliminated in respect of disposals
-
0
-
0
(5,396)
(5,396)
At 31 May 2025
9,412
3,713
15,102
28,227
Carrying amount
At 31 May 2025
17,166
3,103
12,688
32,957
At 31 May 2024
12,378
3,650
18,596
34,624
4
Company information

Stuart Rich Autos Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 37 Industrial Street, Horbury, West Yorkshire, WF4 5EG.

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