REGISTERED NUMBER: 09914320 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Seaford and District Motor Services

Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Intangible assets

4

5,000

11,000

Tangible assets

5

208,046

216,489

213,046

227,489

Current assets

Stocks

20,115

3,000

Debtors

6

180,331

355,976

Cash at bank

32,410

15,013

232,856

373,989

Creditors

Amounts falling due within one year

7

877,902

1,032,744

Net current liabilities

(645,046

)

(658,755

)

Total assets less current liabilities

(432,000

)

(431,266

)

Creditors

Amounts falling due after more than one year

8

4,207

18,976

Net liabilities

(436,207

)

(450,242

)

Capital and reserves

Called up share capital

9

10

10

Retained earnings

(436,217

)

(450,252

)

Shareholders' funds

(436,207

)

(450,242

)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

T Druitt - Director

1.	Statutory information

Seaford and District Motor Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09914320

Registered office:

85 Church Road

Hove

East Sussex

BN3 2BB

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

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 and represents amounts receivable for goods supplied and services rendered, stated net of Value Added Tax.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of eight years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

at variable rates on reducing balance

Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

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

Stock is calculated on a first in, first out basis.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

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

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

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.

Going concern

The company meets its day to day working capital requirements through trading cash inflows and the continued support of the parent company. On this basis the parent company considers it is appropriate to prepare the financial statements on a going concern basis. These financial statements do not include any adjustments that would arise from a deterioration in trading.

3.	Employees and directors

The average number of employees during the year was 15 (2023 - 18 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 January 2024

and 31 December 2024

48,000

Amortisation

At 1 January 2024

37,000

Amortisation for year

6,000

At 31 December 2024

43,000

Net book value

At 31 December 2024

5,000

At 31 December 2023

11,000

5.	Tangible fixed assets

Short

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

Cost

At 1 January 2024

62,269

133,454

94,250

289,973

Additions

58,807

6,049

21,500

86,356

Disposals

-

-

(115,750

)

(115,750

)

At 31 December 2024

121,076

139,503

-

260,579

Depreciation

At 1 January 2024

-

30,680

42,804

73,484

Charge for year

6,054

15,799

12,923

34,776

Eliminated on disposal

-

-

(55,727

)

(55,727

)

At 31 December 2024

6,054

46,479

-

52,533

Net book value

At 31 December 2024

115,022

93,024

-

208,046

At 31 December 2023

62,269

102,774

51,446

216,489

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

163,865

139,313

Other debtors

16,466

216,663

180,331

355,976

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

10,134

9,189

Trade creditors

94,087

231,425

Amounts owed to group undertakings

554,681

664,987

Taxation and social security

180,070

105,293

Other creditors

38,930

21,850

877,902

1,032,744

8.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans

4,207

18,976

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

10

Ordinary

£1

10

10