Stratford Car Body Repair Co. Limited - Accounts to registrar (filleted) - small 23.2.5
Stratford Car Body Repair Co. Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2023 |
| FOR |
| STRATFORD CAR BODY REPAIR CO. LIMITED |
| STRATFORD CAR BODY REPAIR CO. LIMITED (REGISTERED NUMBER: 00753295) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 July 2023 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| STRATFORD CAR BODY REPAIR CO. LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 July 2023 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Payton House |
| Guild Street |
| Stratford-upon-Avon |
| Warwickshire |
| CV37 6RP |
| STRATFORD CAR BODY REPAIR CO. LIMITED (REGISTERED NUMBER: 00753295) |
| STATEMENT OF FINANCIAL POSITION |
| 31 July 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Investments | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Revaluation reserve | 10 |
| Fair value reserve | 10 |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| 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. |
| STRATFORD CAR BODY REPAIR CO. LIMITED (REGISTERED NUMBER: 00753295) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 31 July 2023 |
| 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 |
| STRATFORD CAR BODY REPAIR CO. LIMITED (REGISTERED NUMBER: 00753295) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 July 2023 |
| 1. | STATUTORY INFORMATION |
| Stratford Car Body Repair Co. Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery | - |
| Investment property |
| Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 |
| STRATFORD CAR BODY REPAIR CO. LIMITED (REGISTERED NUMBER: 00753295) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 July 2023 |
| 4. | TANGIBLE FIXED ASSETS |
| Short | Plant and |
| leasehold | machinery | Totals |
| £ | £ | £ |
| COST |
| At 1 August 2022 |
| Reclassification/transfer | ( |
) | ( |
) |
| At 31 July 2023 |
| DEPRECIATION |
| At 1 August 2022 |
| Charge for year |
| At 31 July 2023 |
| NET BOOK VALUE |
| At 31 July 2023 |
| At 31 July 2022 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| Revaluations | 69,000 |
| Reclassification/transfer | 300,000 |
| At 31 July 2023 |
| NET BOOK VALUE |
| At 31 July 2023 |
| Fair value at 31 July 2023 is represented by: |
| £ |
| Valuation in 2022 | 300,000 |
| Valuation in 2023 | 69,000 |
| 369,000 |
| If the investment property had not been revalued it would have been included at the following historical cost: |
| 2023 | 2022 |
| £ | £ |
| Cost | 6,477 | - |
| The investment property was valued on an open market basis on 6 November 2023 by the directors . |
| STRATFORD CAR BODY REPAIR CO. LIMITED (REGISTERED NUMBER: 00753295) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 July 2023 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Other debtors |
| 7. | CURRENT ASSET INVESTMENTS |
| 2023 | 2022 |
| £ | £ |
| Listed investments | 5,000 | - |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2023 | 2022 |
| value: | £ | £ |
| Ordinary A | £1 | 5,700 | 5,700 |
| Preference | 10p | 57 | 57 |
| 5,757 | 5,757 |
| 10. | RESERVES |
| Fair |
| Retained | Revaluation | value |
| earnings | reserve | reserve | Totals |
| £ | £ | £ | £ |
| At 1 August 2022 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Movement in valuation | (69,000 | ) | - | 69,000 | - |
| Deferred tax charge fair value | 68,879 | - | (68,879 | ) | - |
| Reclassification transfer | - | (293,523 | ) | 293,523 | - |
| At 31 July 2023 | 342,321 |
| 11. | RELATED PARTY DISCLOSURES |
| At the year end, other creditors include loans made to the company by R S Parsons (Director) amounting to £9 (2022 - £9). The loans are interest free with no fixed date for repayment. |
| 12. | CONTROLLING PARTY |
| The controlling party is R S Parsons. |