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Registered Number: 11777062
England and Wales

 

 

 

KLV CLASSIC CARS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2022

End date: 31 January 2023
Directors Luca Massimo Vittore
Geoffrey Robin Christopher Hall
Registered Number 11777062
Registered Office 18 Barking Road
LONDON
LONDON
E6 3BP
Accountants ASR Accountancy Ltd
18 Barking Road
East Ham
London
E6 3BP
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 January 2023.
Principal activities
Principal activity of the company during the financial year was of ...
Directors
The directors who served the company throughout the year were as follows:
Luca Massimo Vittore
Geoffrey Robin Christopher Hall
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Luca Massimo Vittore
Director

Date approved: 24 October 2023
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 January 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
ASR Accountancy Ltd
31 January 2023



....................................................
ASR Accountancy Ltd
18 Barking Road
East Ham
London
E6 3BP
24 October 2023
3
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 4 47,800   
47,800   
Current assets      
Stocks 5   47,800 
Creditors: amount falling due within one year 6 (500)   (48,299)
Net current liabilities (500)   (499)
 
Total assets less current liabilities 47,300    (499)
Creditors: amount falling due after more than one year 7 (47,799)  
Net liabilities (499)   (499)
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account (500)   (500)
Shareholder's funds (499)   (499)
 


For the year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 24 October 2023 and were signed on its behalf by:


-------------------------------
Luca Massimo Vittore
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 February 2021 1  (500) (499)
Total comprehensive income for the year
Total investments by and distributions to owners
At 31 January 2022 1  (500) (499)
At 01 February 2022 1  (500) (499)
Total comprehensive income for the year
Total investments by and distributions to owners
At 31 January 2023 1  (500) (499)
5
General Information
KLV CLASSIC CARS LTD is a private company, limited by shares, registered in England and Wales, registration number 11777062, registration address 18 Barking Road, LONDON, LONDON, E6 3BP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2.

Staff Costs

2023   2022
 
Average number of employees during the year Number   Number
 

3.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).
4.

Tangible fixed assets

Cost or valuation Motor Vehicles   Total
  £   £
At 01 February 2022  
Additions  
Disposals  
Transfers 47,800    47,800 
At 31 January 2023 47,800    47,800 
Depreciation
At 01 February 2022  
Charge for year  
On disposals  
At 31 January 2023  
Net book values
Closing balance as at 31 January 2023 47,800    47,800 
Opening balance as at 01 February 2022  


5.

Stocks

2023
£
  2022
£
Stocks   47,800 
  47,800 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors   48,299 
Accrued Expenses 500   
500    48,299 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Directors' Loan Accounts 47,799   
47,799   

6