Ackworth Road MOT Centre Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04569940 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020

FOR

ACKWORTH ROAD MOT CENTRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T J Earley

Mrs R Fletcher

REGISTERED OFFICE:

4 Spur Road

Cosham

PORTSMOUTH

Hampshire

PO6 3EB

REGISTERED NUMBER:

04569940 (England and Wales)

ACCOUNTANTS:

AMR Bookkeeping & Accounts Limited

4 Spur Road

Cosham

PORTSMOUTH

Hampshire

PO6 3EB

FIXED ASSETS

Tangible assets

4

5,790

7,238

CURRENT ASSETS

Stocks

5

1,726

2,336

Debtors

6

78,767

41,367

Cash at bank

5,711

3,009

86,204

46,712

CREDITORS

Amounts falling due within one year

7

58,997

23,125

NET CURRENT ASSETS

27,207

23,587

TOTAL ASSETS LESS CURRENT LIABILITIES

32,997

30,825

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

32,994

30,822

SHAREHOLDERS' FUNDS

32,997

30,825

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2020 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 30 July 2021 and were signed on its behalf by:

Mr T J Earley - Director

Mrs R Fletcher - Director

1.	STATUTORY INFORMATION

Ackworth Road MOT Centre Limited 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

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Office Equipment

-

20% 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.

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 4 (2019 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

machinery

vehicles

Equipment

Totals

£

£

£

£

COST

At 1 November 2019

and 31 October 2020

11,210

8,350

1,167

20,727

DEPRECIATION

At 1 November 2019

7,871

5,113

505

13,489

Charge for year

668

647

133

1,448

At 31 October 2020

8,539

5,760

638

14,937

NET BOOK VALUE

At 31 October 2020

2,671

2,590

529

5,790

At 31 October 2019

3,339

3,237

662

7,238

5.

STOCKS

31.10.20

31.10.19

£

£

Stocks

1,726

2,336

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Trade debtors

76,713

40,788

VAT

2,054

579

78,767

41,367

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Trade creditors

(4

)

-

Tax

788

5,641

Social security and other taxes

16,211

10,941

Other creditors

712

507

Directors' current accounts

41,290

6,036

58,997

23,125