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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
Page
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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
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Vehicle Surgeon Limited Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,157 
54,702 
Current assets
Inventories
4,500 
4,100 
Debtors
68,072 
73,167 
Cash at bank and in hand
218,214 
132,954 
290,786 
210,221 
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 
Capital and reserves
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
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Vehicle Surgeon Limited Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 taxation
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.
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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 
Depreciation
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 
Net book value
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 
68,072 
73,167 
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 
134,418 
109,815 
7
Share capital
2022 
2021 
£ 
£ 
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).
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