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Lonsdale Vehicle Contracts Limited

Financial Statements for the Year Ended 31 December 2021






Lonsdale Vehicle Contracts Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: M Lee
M J Lee





SECRETARY: M Lee





REGISTERED OFFICE: Wentloog Buildings
Wentloog Road
Rumney
Cardiff
CF3 1YA





REGISTERED NUMBER: 09364168 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Lonsdale Vehicle Contracts Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lonsdale Vehicle Contracts Limited for the year ended 31 December 2021 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Lonsdale Vehicle Contracts Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lonsdale Vehicle Contracts Limited and state those matters that we have agreed to state to the Board of Directors of Lonsdale Vehicle Contracts Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lonsdale Vehicle Contracts Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lonsdale Vehicle Contracts Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lonsdale Vehicle Contracts Limited. You consider that Lonsdale Vehicle Contracts Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lonsdale Vehicle Contracts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


24 May 2022

Lonsdale Vehicle Contracts Limited (Registered number: 09364168)

Balance Sheet
31 December 2021

2021 2020
Notes £    £   
CURRENT ASSETS
Debtors 3 151,869 89,749
Cash at bank 53,217 45,054
205,086 134,803
CREDITORS
Amounts falling due within one year 4 179,309 137,569
NET CURRENT ASSETS/(LIABILITIES) 25,777 (2,766 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,777

(2,766

)

CREDITORS
Amounts falling due after more than
one year

5

23,917

30,917
NET ASSETS/(LIABILITIES) 1,860 (33,683 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,760 (33,783 )
SHAREHOLDERS' FUNDS 1,860 (33,683 )

Lonsdale Vehicle Contracts Limited (Registered number: 09364168)

Balance Sheet - continued
31 December 2021


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 May 2022 and were signed on its behalf by:





M J Lee - Director


Lonsdale Vehicle Contracts Limited (Registered number: 09364168)

Notes to the Financial Statements
for the Year Ended 31 December 2021


1. 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.

Turnover
Turnover represents invoiced sales of commercial vehicles, excluding value added tax.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 126,956 67,022
Amounts owed by group undertakings 15,251 -
Other debtors & prepayments 9,662 22,727
151,869 89,749

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 7,000 4,083
Trade creditors 148,550 65,728
Amounts owed to group undertakings - 51,473
Taxes & social security costs 21,481 13,343
Other creditors & accruals 2,278 2,942
179,309 137,569

Lonsdale Vehicle Contracts Limited (Registered number: 09364168)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2021 2020
£    £   
Bank loans 23,917 30,917

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2021 and 31 December 2020:

2021 2020
£    £   
J M Belle
Balance outstanding at start of year - 8,258
Amounts advanced - 425
Amounts repaid - -
Amounts written off - (8,683 )
Amounts waived - -
Balance outstanding at end of year - -

M Lee
Balance outstanding at start of year 6,650 3,150
Amounts advanced 7,700 3,500
Amounts repaid (14,350 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 6,650

M J Lee
Balance outstanding at start of year 8,900 6,400
Amounts advanced 9,364 2,500
Amounts repaid (18,264 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 8,900