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REGISTERED NUMBER: 11246600 (England and Wales)















Financial Statements for the Year Ended 31st March 2023

for

Kelvedon Auto Spares 87 Limited

Kelvedon Auto Spares 87 Limited (Registered number: 11246600)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kelvedon Auto Spares 87 Limited

Company Information
for the Year Ended 31st March 2023







DIRECTORS: Mr S J Bell
Mr K S Bell
Mr R S Bell





REGISTERED OFFICE: Ground Floor, Southway House
29 Southway
Colchester
Essex
CO2 7BA





REGISTERED NUMBER: 11246600 (England and Wales)

Kelvedon Auto Spares 87 Limited (Registered number: 11246600)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,190 12,393

CURRENT ASSETS
Stocks and work in progress 55,800 50,125
Debtors 5 5,665 4,875
Cash at bank and in hand 14,759 7,927
76,224 62,927
CREDITORS
Amounts falling due within one year 6 46,323 34,427
NET CURRENT ASSETS 29,901 28,500
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,091

40,893

PROVISIONS FOR LIABILITIES 4,786 2,355
NET ASSETS 50,305 38,538

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 50,205 38,438
SHAREHOLDERS' FUNDS 50,305 38,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

Kelvedon Auto Spares 87 Limited (Registered number: 11246600)

Balance Sheet - continued
31st March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th October 2023 and were signed on its behalf by:





Mr S J Bell - Director


Kelvedon Auto Spares 87 Limited (Registered number: 11246600)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

Kelvedon Auto Spares 87 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Kelvedon Auto Spares 87 Limited (Registered number: 11246600)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2022 16,963 1 1,624 18,588
Additions 18,750 - 1,134 19,884
At 31st March 2023 35,713 1 2,758 38,472
DEPRECIATION
At 1st April 2022 5,985 - 210 6,195
Charge for year 6,532 - 555 7,087
At 31st March 2023 12,517 - 765 13,282
NET BOOK VALUE
At 31st March 2023 23,196 1 1,993 25,190
At 31st March 2022 10,978 1 1,414 12,393

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments and accrued income 5,665 4,875

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 31,565 24,323
Taxation and social security 13,111 8,640
Other creditors 1,647 1,464
46,323 34,427

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.