REGISTERED NUMBER: SC291127 (Scotland)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

East Kilbride Auto Care Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTOR:

R Hannah

SECRETARY:

R Hannah

REGISTERED OFFICE:

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

REGISTERED NUMBER:

SC291127 (Scotland)

ACCOUNTANTS:

Wallace White Accountants

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

FIXED ASSETS

Tangible assets

4

32,353

57,344

CURRENT ASSETS

Debtors

5

332,149

103,907

Prepayments and accrued income

9,519

2,732

Cash at bank and in hand

271,529

302,162

613,197

408,801

CREDITORS

Amounts falling due within one year

6

424,459

266,642

NET CURRENT ASSETS

188,738

142,159

TOTAL ASSETS LESS CURRENT LIABILITIES

221,091

199,503

CREDITORS

Amounts falling due after more than one year

7

(18,421

)

(32,299

)

PROVISIONS FOR LIABILITIES

(1,640

)

(7,476

)

NET ASSETS

201,030

159,728

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

200,930

159,628

SHAREHOLDERS' FUNDS

201,030

159,728

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 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 April 2025 and were signed by:

R Hannah - Director

1.	STATUTORY INFORMATION

East Kilbride Auto Care Limited is a private company, limited by shares , registered in Scotland. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on cost and 20% on 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.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 19 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

243,121

Additions

3,158

Disposals

(12,500

)

At 31 January 2025

233,779

DEPRECIATION

At 1 February 2024

185,777

Charge for year

28,149

Eliminated on disposal

(12,500

)

At 31 January 2025

201,426

NET BOOK VALUE

At 31 January 2025

32,353

At 31 January 2024

57,344

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 February 2024

and 31 January 2025

51,662

DEPRECIATION

At 1 February 2024

36,386

Charge for year

7,638

At 31 January 2025

44,024

NET BOOK VALUE

At 31 January 2025

7,638

At 31 January 2024

15,276

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

112,149

103,907

Other debtors

220,000

-

332,149

103,907

During the year, the company advanced a loan to RH 23 Properties Ltd, a company controlled by Mr R Hannah, a director of the company. The balance outstanding at 31 January 2025 was £220,000 (2024: £nil). The loan is unsecured, interest free and repayable on demand. The director considers the loan to be fully recoverable.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts (see note 8)

3,511

5,921

Trade creditors

7,039

70,870

Taxation and social security

83,687

46,064

Other creditors

320,222

133,787

424,459

266,642

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

4,785

15,152

Hire purchase contracts (see note 8)

13,636

17,147

18,421

32,299

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.1.25

31.1.24

£

£

Net obligations repayable:

Within one year

3,511

5,921

Between one and five years

13,636

17,147

17,147

23,068

Non-cancellable

operating leases

31.1.25

31.1.24

£

£

Between one and five years

27,360

32,500

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank loans

14,785

25,152

Hire purchase contracts

17,147

23,068

31,932

48,220

The bank loan is secured by a government backed guarantee.

Hire purchase creditors are secured against the assets to which they relate.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is an amount due to the director of £65,925 (2024: £90,778). This loan is interest free and repayable on demand.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Wallace White Accountants

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

30 April 2025