Sussex_Auto_Centre_Limited_31_Mar_2025_companies_house_set_of

Sussex Auto Centre Limited

Statement of Financial Position

31 March 2025

		2025		2024
	Note	£		£
Fixed assets
Tangible assets	5	1,811		2,416
Current assets
Stocks		4,922		2,497
Debtors	6	56,163		16,958
Cash at bank and in hand		41,350		120,409
		102,435		139,864
Creditors: amounts falling due within one year	7	(68,779	)	(72,791	)
Net current assets		33,656		67,073
Total assets less current liabilities		35,467		69,489
Creditors: amounts falling due after more than one year	8	(9,288	)	(18,798	)
Net assets		26,179		50,691
Capital and reserves
Called up share capital		6		6
Profit and loss account		26,173		50,685
Shareholders funds		26,179		50,691

For the year ending

31 March 2025

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

30 December 2025

, and are signed on behalf of the board by:

M Hubner

Director

Company registration number:

07042473

Sussex Auto Centre Limited

Notes to the Financial Statements

Year ended

31 March 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

81a Arundel Road

Littlehampton

West Sussex

BN17 7DE

, England.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant and machinery	25% reducing balance
Fixtures and fittings	25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

4 Average number of employees

The average number of persons employed by the company during the year was

(2024:

4.00

5 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 April 2024 and 31 March 2025	60,269
Depreciation
At 1 April 2024	57,853
Charge	605
At 31 March 2025	58,458
Carrying amount
At 31 March 2025	1,811
At 31 March 2024	2,416

6 Debtors

	2025	2024
	£	£
Trade debtors	3,179	2,220
Other debtors	52,984	14,738
	56,163	16,958

7 Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	15,787	26,545
Taxation and social security	39,674	29,247
Other creditors	3,318	6,999
	68,779	72,791

8 Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans and overdrafts	9,288		18,798