Registered number: 08577853 | ||||||||
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FOR THE YEAR ENDED 31/03/2020 | ||||||||
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Prepared By: | ||||||||
R F Love and Company | ||||||||
Chartered Accountant | ||||||||
79 Basepoint Business Centre | ||||||||
Yeoford Way, Marsh Barton | ||||||||
Exeter | ||||||||
Devon | ||||||||
EX2 8LB |
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Sowton MOTs Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2020 | ||||||||
DIRECTORS | ||||||||
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REGISTERED OFFICE | ||||||||
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Devon | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 08577853 | ||||||||
ACCOUNTANTS | ||||||||
R F Love and Company | ||||||||
Chartered Accountant | ||||||||
79 Basepoint Business Centre | ||||||||
Yeoford Way, Marsh Barton | ||||||||
Exeter | ||||||||
Devon | ||||||||
EX2 8LB |
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Sowton MOTs Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2020 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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Sowton MOTs Ltd | ||||||||
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BALANCE SHEET AT
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2020 | 2019 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 |
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CURRENT ASSETS | ||||||||||
Debtors | 4 |
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Cash at bank and in hand |
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166,659 | 221,268 | |||||||||
CREDITORS: Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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111,469 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 6 |
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Profit and loss account | 151,322 | 131,786 | ||||||||
SHAREHOLDERS' FUNDS |
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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Sowton MOTs Ltd | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2020 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
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Long Leasehold Properties | reducing balance 20% | |||||||
Plant and Machinery | reducing balance 25% | |||||||
Fixtures and Fittings | reducing balance 25% | |||||||
Equipment | reducing balance 25% | |||||||
Motor Cars | reducing balance 25% |
1c. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
2. EMPLOYEES | ||||||
2020 | 2019 | |||||
No. | No. | |||||
Average number of employees | - | - | ||||
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Sowton MOTs Ltd | ||||||||
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3. TANGIBLE FIXED ASSETS | ||||||||||||
Long Leasehold | Plant and | Fixtures | ||||||||||
Properties | Machinery | and Fittings | Equipment | Motor Cars | Total | |||||||
£ | £ | £ | £ | £ | £ | |||||||
Cost | ||||||||||||
At 01/04/2019 | 9,628 | 28,347 | 780 | 933 | 18,994 | 58,682 | ||||||
Additions | - | 10,911 | - | - | - | 10,911 | ||||||
At 31/03/2020 | 9,628 | 39,258 | 780 | 933 | 18,994 | 69,593 | ||||||
Depreciation | ||||||||||||
At 01/04/2019 | 7,061 | 20,426 | 570 | 637 | 9,669 | 38,363 | ||||||
For the year | 1,283 | 4,708 | 52 | 74 | 2,331 | 8,448 | ||||||
At 31/03/2020 | 8,344 | 25,134 | 622 | 711 | 12,000 | 46,811 | ||||||
Net Book Amounts | ||||||||||||
At 31/03/2020 | 1,284 |
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22,782 | ||||||
At 31/03/2019 | 2,567 |
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20,319 | ||||||
4. DEBTORS | 2020 | 2019 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 32,567 | 35,692 | ||||||
Other debtors | - | 22,000 | ||||||
32,567 | 57,692 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2020 | 2019 | |||||||
£ | £ | |||||||
UK corporation tax | 10,554 | 11,471 | ||||||
VAT | 8,164 | 11,979 | ||||||
PAYE control | 1,467 | 1,459 | ||||||
Directors current account | 1,464 | 20,906 | ||||||
Trade creditors | 4,349 | 11,768 | ||||||
Other creditors | 9,119 | 50,216 | ||||||
Accruals | 3,000 | 2,000 | ||||||
38,117 | 109,799 | |||||||
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Sowton MOTs Ltd | ||||||||
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6. SHARE CAPITAL | 2020 | 2019 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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2 | 2 | ||||||
2 | 2 | |||||||