REGISTERED NUMBER: 04242592

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

SERVICE MOTORS LIMITED

TRADING AS

CP AUTOS

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L Strong

K Strong

SECRETARY:

K Strong

REGISTERED OFFICE:

20 Lion Road

Bexleyheath

Kent

DA6 8NR

REGISTERED NUMBER:

04242592

ACCOUNTANTS:

Blue Rocket Accounting

Chartered Tax Advisers and Accountants

8 Twisleton Court

Priory Hill

Dartford

Kent

DA1 2EN

FIXED ASSETS

Intangible assets

4

17,000

34,000

Tangible assets

5

667

1,346

17,667

35,346

CURRENT ASSETS

Stocks

4,175

4,175

Debtors

6

12,286

17,428

Cash at bank

10,933

10,554

27,394

32,157

CREDITORS

Amounts falling due within one year

7

34,644

48,784

NET CURRENT LIABILITIES

(7,250

)

(16,627

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,417

18,719

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

10,415

18,717

SHAREHOLDERS' FUNDS

10,417

18,719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 23 August 2018 and were signed on its behalf by:

L Strong - Director

K Strong - Director

1.	STATUTORY INFORMATION

Service Motors Limited is a private company, limited by shares , registered in Not specified/Other. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five years.

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

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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 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.

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 5 (2017 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

85,000

AMORTISATION

At 1 April 2017

51,000

Amortisation for year

17,000

At 31 March 2018

68,000

NET BOOK VALUE

At 31 March 2018

17,000

At 31 March 2017

34,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2017

and 31 March 2018

12,950

5,139

6,150

1,104

25,343

DEPRECIATION

At 1 April 2017

12,950

5,139

5,001

907

23,997

Charge for year

-

-

600

79

679

At 31 March 2018

12,950

5,139

5,601

986

24,676

NET BOOK VALUE

At 31 March 2018

-

-

549

118

667

At 31 March 2017

-

-

1,149

197

1,346

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

12,286

14,305

Other debtors

-

3,123

12,286

17,428

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

3,659

6,473

Taxation and social security

18,981

22,727

Other creditors

12,004

19,584

34,644

48,784