Company Registration No. 09116317 (England and Wales)
Vehicle Surgeon Limited
Unaudited accounts
for the year ended 31 March 2022
Vehicle Surgeon Limited
Unaudited accounts
Contents
Vehicle Surgeon Limited
Company Information
for the year ended 31 March 2022
Directors
R J Powney
K Ladd
Company Number
09116317 (England and Wales)
Registered Office
Grundisburgh Road
Hasketon
Nr Woodbridge
Suffolk
IP13 6HJ
Accountants
Target Associates Ltd
NM Business Suites Abacus House
Station Yard
Needham Market
Suffolk
IP6 8AS
Vehicle Surgeon Limited
Statement of financial position
as at 31 March 2022
Tangible assets
36,157
54,702
Cash at bank and in hand
218,214
132,954
Creditors: amounts falling due within one year
(134,418)
(109,815)
Net current assets
156,368
100,406
Total assets less current liabilities
192,525
155,108
Provisions for liabilities
Deferred tax
(4,109)
(7,026)
Net assets
188,416
148,082
Called up share capital
100
100
Profit and loss account
188,316
147,982
Shareholders' funds
188,416
148,082
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2022 and were signed on its behalf by
R J Powney
Director
Company Registration No. 09116317
Vehicle Surgeon Limited
Notes to the Accounts
for the year ended 31 March 2022
Vehicle Surgeon Limited is a private company, limited by shares, registered in England and Wales, registration number 09116317. The registered office is Grundisburgh Road, Hasketon, Nr Woodbridge, Suffolk, IP13 6HJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Vehicle Surgeon Limited
Notes to the Accounts
for the year ended 31 March 2022
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2021
68,744
91,334
66,958
4,762
231,798
Additions
-
39,628
-
-
39,628
Disposals
(47,319)
(43,459)
(24,965)
(4,445)
(120,188)
At 31 March 2022
21,425
87,503
41,993
317
151,238
At 1 April 2021
59,814
45,582
66,938
4,762
177,096
Charge for the year
5,356
16,494
119
310
22,279
On disposals
(46,844)
(7,334)
(25,354)
(4,762)
(84,294)
At 31 March 2022
18,326
54,742
41,703
310
115,081
At 31 March 2022
3,099
32,761
290
7
36,157
At 31 March 2021
8,930
45,752
20
-
54,702
5
Debtors: amounts falling due within one year
2022
2021
Trade debtors
41,602
49,789
Accrued income and prepayments
7,855
5,640
Other debtors
18,615
17,738
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
26,033
33,269
Taxes and social security
47,272
42,706
Other creditors
57,545
28,656
Loans from directors
3,568
5,184
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 12 (2021: 12).