SuperSpray BodyShop Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10884814 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2023

for

SuperSpray BodyShop Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Ascencao

Mr D J Handley

Mr J Stargatt

REGISTERED OFFICE:

Carrowreagh

Auclum Lane

Burghfield Common

Reading

Berkshire

RG7 3DA

REGISTERED NUMBER:

10884814 (England and Wales)

ACCOUNTANTS:

LCP Accounting LLP

The Rectory Rooms

Glaston Hill Road

Eversley

Hampshire

RG27 0LX

FIXED ASSETS

Tangible assets

4

9,792

10,754

CURRENT ASSETS

Debtors

5

7,147

21,605

Cash at bank

107,982

89,388

115,129

110,993

CREDITORS

Amounts falling due within one year

6

51,606

65,948

NET CURRENT ASSETS

63,523

45,045

TOTAL ASSETS LESS CURRENT LIABILITIES

73,315

55,799

PROVISIONS FOR LIABILITIES

1,861

2,043

NET ASSETS

71,454

53,756

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

71,354

53,656

71,454

53,756

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 22 April 2024 and were signed on its behalf by:

Mr J Ascencao - Director

1.	STATUTORY INFORMATION

SuperSpray BodyShop 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

There have not been any estimation uncertainties in the application of the accounting policies.

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 etc

-

25% on cost

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities.

Financial assets are measured at amortised cost and comprise of cash and cash equivalents and trade and other debtors.

Financial liabilities are measured at amortised cost and comprise of trade and other creditors.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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 3 (2022 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2022

37,816

Additions

2,797

At 30 September 2023

40,613

DEPRECIATION

At 1 October 2022

27,062

Charge for year

3,759

At 30 September 2023

30,821

NET BOOK VALUE

At 30 September 2023

9,792

At 30 September 2022

10,754

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Trade debtors

6,006

20,856

Other debtors

1,141

749

7,147

21,605

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Trade creditors

3,172

9,780

Taxation and social security

14,779

18,198

Other creditors

33,655

37,970

51,606

65,948