REGISTERED NUMBER: 06721928 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Buxton Car Centre Service & Repairs Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Weston

Ms A Peters

J M Weston

REGISTERED OFFICE:

Unit 20 Dew Pond Lane

Tongue Lane Industrial Estate

Buxton

Derbyshire

SK17 7LF

REGISTERED NUMBER:

06721928 (England and Wales)

ACCOUNTANTS:

DLA Chartered Accountants

36A Market Street

New Mills

High Peak

SK22 4AA

FIXED ASSETS

Tangible assets

4

14,895

12,691

CURRENT ASSETS

Stocks

6,802

8,944

Debtors

5

25,463

26,050

Cash at bank and in hand

21,388

36,574

53,653

71,568

CREDITORS

Amounts falling due within one year

6

42,450

52,399

NET CURRENT ASSETS

11,203

19,169

TOTAL ASSETS LESS CURRENT LIABILITIES

26,098

31,860

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

25,998

31,760

SHAREHOLDERS' FUNDS

26,098

31,860

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by:

J Weston - Director

1.	STATUTORY INFORMATION

Buxton Car Centre Service & Repairs 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.

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 each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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 balance sheet date.

Deferred tax

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

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2024

12,417

1,558

12,167

2,687

28,829

Additions

1,125

1,346

6,100

175

8,746

Disposals

-

-

(2,600

)

-

(2,600

)

At 31 January 2025

13,542

2,904

15,667

2,862

34,975

DEPRECIATION

At 1 February 2024

7,772

1,337

5,085

1,944

16,138

Charge for year

1,355

196

2,203

277

4,031

Eliminated on disposal

-

-

(89

)

-

(89

)

At 31 January 2025

9,127

1,533

7,199

2,221

20,080

NET BOOK VALUE

At 31 January 2025

4,415

1,371

8,468

641

14,895

At 31 January 2024

4,645

221

7,082

743

12,691

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

20,292

21,457

Other debtors

1,430

1,430

Prepayments

3,741

3,163

25,463

26,050

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

15,030

21,660

Tax

8,056

8,352

Social security and other taxes

2,468

1,622

VAT

6,477

6,542

Directors' current accounts

124

9

Accrued expenses

10,295

14,214

42,450

52,399