| SDP Autos Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SDP Autos Limited for the year ended 31 December 2024 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SDP Autos Limited for the year ended 31 December 2024 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of SDP Autos Limited, as a body, in accordance with the terms of our engagement letter dated 22 April 2022. Our work has been undertaken solely to prepare for your approval the accounts of SDP Autos Limited and state those matters that we have agreed to state to the Board of Directors of SDP Autos Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SDP Autos Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that SDP Autos Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SDP Autos Limited. You consider that SDP Autos Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the accounts of SDP Autos Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. |
|
| Hicks and Company |
| Chartered Accountants |
| First Floor |
| 99 Bancroft |
| Hitchin |
| Herts |
| SG5 1NQ |
|
| 26 September 2025 |
|
| SDP Autos Limited |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
|
Group accounts have not been prepared as they are not required because the group qualifies as a small group under the Companies Act 2006. |
|
Investments |
|
Investments in unquoted equity instruments are measured at cost less impairment. |
|
|
Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
60,229 |
|
60,229 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Other creditors |
1,842 |
|
1,842 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Controlling party |
|
|
The company is controlled by the director. |
|
|
| 6 |
Other information |
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SDP Autos Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
19a Roman Road |
|
Ingatestone |
|
Essex |
|
CM4 9AA |