Company registration number:
11696660
Hertford Car Valeting Limited
Unaudited filleted financial statements
30 November 2021
Hertford Car Valeting Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Hertford Car Valeting Limited
Directors and other information
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Directors |
Mr Yzer Mjekiqi |
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Company number |
11696660 |
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Registered office |
10 Mimram Road |
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Hertford |
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SG14 1NN |
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Business address |
10 Mimram Road |
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Hertford |
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SG14 1NN |
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Accountants |
Agents for Accounting Ltd |
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Apex House |
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2nd Floor |
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Grand Arcade |
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London |
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N12 0EH |
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Hertford Car Valeting Limited
Statement of financial position
30 November 2021
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2021 |
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2020 |
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Note |
£ |
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£ |
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£ |
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£ |
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Current assets |
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Debtors |
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5 |
- |
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5,428 |
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Cash at bank and in hand |
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24,014 |
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6,158 |
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_______ |
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_______ |
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24,014 |
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11,586 |
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Creditors: amounts falling due |
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within one year |
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6 |
(
16,812) |
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(
7,151) |
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_______ |
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_______ |
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Net current assets |
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7,202 |
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4,435 |
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_______ |
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_______ |
Total assets less current liabilities |
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7,202 |
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4,435 |
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_______ |
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Net assets |
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7,202 |
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4,435 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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100 |
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100 |
Profit and loss account |
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7,102 |
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4,335 |
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_______ |
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_______ |
Shareholders funds |
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7,202 |
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4,435 |
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_______ |
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_______ |
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For the year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
23 August 2022
, and are signed on behalf of the board by:
Mr Yzer Mjekiqi
Director
Company registration number:
11696660
Hertford Car Valeting Limited
Notes to the financial statements
Year ended 30 November 2021
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 10 Mimram Road, Hertford, SG14 1NN.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Staff costs
The average number of persons employed by the company during the year amounted to
5
(2020:
4
).
The aggregate payroll costs incurred during the year were:
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2021 |
2020 |
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£ |
£ |
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Wages and salaries |
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11,904 |
23,594 |
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_______ |
_______ |
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5.
Debtors
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2021 |
2020 |
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£ |
£ |
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Other debtors |
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- |
5,428 |
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_______ |
_______ |
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6.
Creditors: amounts falling due within one year
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2021 |
2020 |
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£ |
£ |
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Trade creditors |
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3,571 |
- |
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Corporation tax |
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1,081 |
3,949 |
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Social security and other taxes |
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14 |
7 |
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Other creditors |
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12,146 |
3,195 |
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_______ |
_______ |
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16,812 |
7,151 |
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_______ |
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7.
Directors advances, credits and guarantees
During the year, company owed £11,544 to the director of the company.