| Steadfast Autocentre Limited |
| Registered Number:02640963 |
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2025
Steadfast Autocentre Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Steadfast Autocentre Limited
Statement of Financial Position
2024
2025
| Property, plant and equipment |
76,090
264,204
2
76,090
264,204
17,038
8,558
3
| Trade and other receivables |
24,603
527,264
4
120,300
| Cash and cash equivalents |
42,326
578,148
161,941
| Trade and other payables: amounts falling due within one |
| year |
(179,791)
(145,039)
5
(17,850)
433,109
Net current assets
| Total assets less current liabilities |
509,199
246,354
| Trade and other payables: amounts falling due after more |
| than one year |
-
(75,240)
6
433,959
Net assets
246,354
5,000
5,000
59,620
59,620
7
369,339
181,734
433,959
246,354
Shareholders' funds
| For the year ended 31 March 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 02 July 2025 and were signed by: |
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For the year ended 31 March 2025
Steadfast Autocentre Limited
Statement of Financial Position Continued
| The notes form part of these financial statements |
2 of 5
For the year ended 31 March 2025
Steadfast Autocentre Limited
Notes to the Financial Statements
Statutory Information
| Steadfast Autocentre Limited is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 02640963. |
50 Rutland Road
Sheffield
S3 8BD
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Property
Plant and machinery
Computer equipment
Motor vehicles
Fixtures and fittings
| The company''s freehold properties are revalued in full every five years. Interim valuations are carried out when it is |
| likely that there has been a material change in value. |
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
| Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis. |
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 March 2025
Steadfast Autocentre Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor vehicles
Property
654,867
3,408
1,037
21,146
379,276
250,000
45,775
877
1,100
-
43,798
-
-
-
-
(65,291)
(250,000)
(315,291)
-
21,146
2,137
4,285
385,351
357,783
| Provision for depreciation and impairment |
390,663
1,992
156
12,047
302,268
74,200
Charge for year
9,987
323
187
1,820
7,657
-
(91,389)
-
-
-
(17,189)
(74,200)
309,261
2,315
343
13,867
292,736
-
-
65,047
7,279
1,794
1,970
76,090
175,800
77,008
9,099
881
1,416
264,204
2024
2025
8,558
17,038
| 4. Trade and other receivables |
2024
2025
22,264
23,834
505,000
769
24,603
527,264
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For the year ended 31 March 2025
Steadfast Autocentre Limited
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2024
2025
2,254
4,049
21,197
67,591
| Taxation and social security |
61,251
70,992
60,337
37,159
145,039
179,791
| 6. Trade and other payables: amounts falling due after more than one year |
2024
2025
75,240
-
| Revaluation reserve at 01 April 2024 |
59,620
59,620
| Revaluation reserve at 31 March 2025 |
| 8. Average number of persons employed |
During the year the average number of employees was 5 (2024 : 16)
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