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Company Registration No. 08498773 (England and Wales)
SME AUTOCENTRE LIMITED Unaudited accounts for the year ended 30 April 2025
SME AUTOCENTRE LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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SME AUTOCENTRE LIMITED Company Information for the year ended 30 April 2025
Director
P Lucas
Secretary
P Lucas
Company Number
08498773 (England and Wales)
Registered Office
Phoenix House Railway Lane, Dimminsdale Willenhall WV13 2BE
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SME AUTOCENTRE LIMITED Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
3
3
Current assets
Inventories
15,000
12,500
Debtors
5
131,324
244,702
Cash at bank and in hand
30,567
31,516
176,891
288,718
Creditors: amounts falling due within one year
6
(160,034)
(247,720)
Net current assets
16,857
40,998
Net assets
16,860
41,001
Capital and reserves
Called up share capital
7
1
1
Profit and loss account
16,859
41,000
Shareholders' funds
16,860
41,001
For the year ending 30 April 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 January 2026 and were signed on its behalf by
P Lucas Director Company Registration No. 08498773
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SME AUTOCENTRE LIMITED Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
SME AUTOCENTRE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08498773. The registered office is Phoenix House, Railway Lane, Dimminsdale, Willenhall, WV13 2BE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Motor vehicles
20%
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 May 2024
66,750
19,583
86,333
At 30 April 2025
66,750
19,583
86,333
Depreciation
At 1 May 2024
66,748
19,582
86,330
At 30 April 2025
66,748
19,582
86,330
Net book value
At 30 April 2025
2
1
3
At 30 April 2024
2
1
3
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SME AUTOCENTRE LIMITED Notes to the Accounts for the year ended 30 April 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
14,514
16,179
Amounts falling due after more than one year
Other debtors
116,810
228,523
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
44,199
54,231
Taxes and social security
113,856
78,715
Other creditors
-
13,983
Loans from directors
-
100,791
Accruals
1,979
-
160,034
247,720
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Transactions with related parties
The company paid rentals for property and equipment to Phoenix Properties (Willenhall) Ltd amounting to £35,000 in the period (£nil in previous period). That company is related to this company by virtue of P Lucas's directorships with both companies, his controlling interest in this company and his family relationship with G Lucas.
9
Average number of employees
During the year the average number of employees was 19 (2024: 19).
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