Steve Randles Autosmart Ltd - Filleted accounts

Registered number

15068684

Steve Randles Autosmart Ltd

Filleted Accounts

31 August 2025

Steve Randles Autosmart Ltd
Registered number:		15068684
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		12,712			13,591

Current assets
Cash at bank and in hand		4			6,146

Creditors: amounts falling due within one year	4	(11,522)			(19,039)

Net current liabilities			(11,518)			(12,893)

Net assets			1,194			698

Capital and reserves
Called up share capital			1			1
Profit and loss account			1,193			697

Shareholders' funds			1,194			698

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Steve Randles
Director
Approved by the board on 26 August 2026

Steve Randles Autosmart Ltd
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor Vehicles			20% reducing balance
	Office Equipment			20% reducing balance
	Plant and Machinery			20% reducing balance

	Stocks
	Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					0		0


3	Tangible fixed assets
		Motor Vehicles		Office Equipment		Plant and machinery		Total
£			£		£		£
	Cost
	At 1 September 2024	14,484		978		347		15,809
	Additions	3,100		-		-		3,100
	At 31 August 2025	17,584		978		347		18,909

	Depreciation
	At 1 September 2024	2,172		-		46		2,218
	Charge for the year	3,659		245		75		3,979
	At 31 August 2025	5,831		245		121		6,197

	Net book value
	At 31 August 2025	11,753		733		226		12,712
	At 31 August 2024	12,312		978		301		13,591


4	Creditors: amounts falling due within one year					2025		2024
£							£

	Directors loan account					4,624		17,345
	Taxation and social security costs					5,698		494
	Other creditors					1,200		1,200
						11,522		19,039


5	Other information

	Steve Randles Autosmart Ltd is a private company limited by shares and incorporated in England.
	Flat 2
	Warren Hurst, 57 Western Avenue
	Barton on Sea
	New Milton
	BH25 7QA