Company Registration No. 03898305 (England and Wales)
SUSSEX AUTO SERVICES LIMITED
Unaudited accounts
for the period from 1 September 2022 to 31 March 2023
SUSSEX AUTO SERVICES LIMITED
Unaudited accounts
Contents
SUSSEX AUTO SERVICES LIMITED
Company Information
for the period from 1 September 2022 to 31 March 2023
Company Number
03898305 (England and Wales)
Registered Office
Units 42-44
Station Road Industrial Estate
Hailsham
BN27 2EY
Accountants
Angela MacCarthy Limited T A On The Spot
7 Chalfont Drive
Hove
East Sussex
BN3 6QR
SUSSEX AUTO SERVICES LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
12,450
14,472
Cash at bank and in hand
210,990
196,428
Creditors: amounts falling due within one year
(151,088)
(126,184)
Net current assets
130,867
122,112
Net assets
143,317
136,584
Called up share capital
403
403
Profit and loss account
135,848
129,115
Shareholders' funds
143,317
136,584
For the period ending 31 March 2023 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 12 October 2023 and were signed on its behalf by
G C Allchorn
Director
Company Registration No. 03898305
SUSSEX AUTO SERVICES LIMITED
Notes to the Accounts
for the period from 1 September 2022 to 31 March 2023
SUSSEX AUTO SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03898305. The registered office is Units 42-44, Station Road Industrial Estate, Hailsham, BN27 2EY.
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.
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant & machinery
20% per annum reducing balance
Motor vehicles
25% per annum reducing balance
Fixtures & fittings
10% per annum reducing balance
Computer equipment
33% per annum straight line
Stocks have been valued at the lower of cost and estimated selling price.
Operating Lease Commitments
At the balance sheet date, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £147,600 (2022: £0).
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 the profit and loss account in the period to which they relate.
SUSSEX AUTO SERVICES LIMITED
Notes to the Accounts
for the period from 1 September 2022 to 31 March 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2022
37,671
9,497
38,757
7,303
93,228
At 31 March 2023
38,021
9,497
38,757
7,303
93,578
At 1 September 2022
31,023
9,152
33,383
5,198
78,756
Charge for the period
783
49
315
1,225
2,372
At 31 March 2023
31,806
9,201
33,698
6,423
81,128
At 31 March 2023
6,215
296
5,059
880
12,450
At 31 August 2022
6,648
345
5,374
2,105
14,472
Raw materials
18,700
18,000
Amounts falling due within one year
Trade debtors
31,296
12,719
Accrued income and prepayments
20,969
21,061
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,566
5,346
Trade creditors
70,884
70,483
Taxes and social security
28,112
18,747
Other creditors
1,194
2,447
Loans from directors
15,872
1,722
8
Transactions with related parties
The transactions with the director and shareholder have not been conducted under normal market
conditions. A balance of £15,872 is owed to the director at the period end. No interest is being charged by the director.
SUSSEX AUTO SERVICES LIMITED
Notes to the Accounts
for the period from 1 September 2022 to 31 March 2023
9
Average number of employees
During the period the average number of employees was 8 (2022: 9).
