Stratford Car Body Repair Co. Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00753295 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2020

FOR

STRATFORD CAR BODY REPAIR CO. LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R S Parsons

C L Parsons

J S Parsons

SECRETARY:

C L Parsons

REGISTERED OFFICE:

Barley Barn Cottage

Greyrick Court

Mickleton

CHIPPING CAMPDEN

GL55 6TS

REGISTERED NUMBER:

00753295 (England and Wales)

ACCOUNTANTS:

Bernard Rogers & Co

Payton House

Guild Street

Stratford-upon-Avon

Warwickshire

CV37 6RP

FIXED ASSETS

Tangible assets

4

275,686

275,762

CURRENT ASSETS

Debtors

5

10,580

-

Prepayments and accrued income

1,823

1,811

Cash at bank

73,029

58,134

85,432

59,945

CREDITORS

Amounts falling due within one year

6

17,550

15,869

NET CURRENT ASSETS

67,882

44,076

TOTAL ASSETS LESS CURRENT LIABILITIES

343,568

319,838

PROVISIONS FOR LIABILITIES

57

57

NET ASSETS

343,511

319,781

CAPITAL AND RESERVES

Called up share capital

5,700

5,700

Revaluation reserve

7

268,523

268,523

Retained earnings

69,288

45,558

343,511

319,781

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 April 2021 and were signed on its behalf by:

C L Parsons - Director

1.	STATUTORY INFORMATION

Stratford Car Body Repair Co. 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

-

10% on reducing balance

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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2019

and 31 July 2020

275,000

6,198

281,198

DEPRECIATION

At 1 August 2019

-

5,436

5,436

Charge for year

-

76

76

At 31 July 2020

-

5,512

5,512

NET BOOK VALUE

At 31 July 2020

275,000

686

275,686

At 31 July 2019

275,000

762

275,762

Leasehold investment property was revalued on an open market basis on 31 July 2017 by the director Mr R S Parsons. The original cost of the leasehold property was £6,477.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

10,580

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Taxation and social security

7,649

5,973

Other creditors

9,901

9,896

17,550

15,869

7.

RESERVES

Revaluation

reserve

£

At 1 August 2019

and 31 July 2020

268,523

8.	RELATED PARTY DISCLOSURES

The company is controlled by Mr R S Parsons by virtue of his ownership of 100% (including family interests) of the issued Preference Shares and 100% if the issued Ordinary A Shares.

At the year end, the company owed to Mr R S Parsons £1,250 (2019 - £1,250), to Mr C L Parsons £1,088 (2019 - £1,088) and to Mr J S Parsons £640 (2019 - £640).