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REGISTERED NUMBER: 07388423 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

HARVEYS CAR CENTRE LIMITED

HARVEYS CAR CENTRE LIMITED (Registered number: 07388423)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARVEYS CAR CENTRE LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr C Harvey
Mr S Harvey





SECRETARY: Mr C Harvey





REGISTERED OFFICE: Lewes Road
Scaynes Hill
Haywards Heath
West Sussex
RH17 7NX





REGISTERED NUMBER: 07388423 (England and Wales)





ACCOUNTANTS: Bentleys Accounting Limited
Suite 6, 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY

HARVEYS CAR CENTRE LIMITED (Registered number: 07388423)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,621 3,691

CURRENT ASSETS
Stocks 596,558 757,597
Debtors 5 351,822 91,026
Cash at bank 113,952 177,383
1,062,332 1,026,006
CREDITORS
Amounts falling due within one year 6 623,369 613,791
NET CURRENT ASSETS 438,963 412,215
TOTAL ASSETS LESS CURRENT
LIABILITIES

442,584

415,906

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 442,580 415,902
SHAREHOLDERS' FUNDS 442,584 415,906

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

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

HARVEYS CAR CENTRE LIMITED (Registered number: 07388423)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:




Mr C Harvey - Director



Mr S Harvey - Director


HARVEYS CAR CENTRE LIMITED (Registered number: 07388423)

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

1. STATUTORY INFORMATION

HARVEYS CAR CENTRE 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
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks 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 Income Statement, 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 11 (2022 - 11 ) .

HARVEYS CAR CENTRE LIMITED (Registered number: 07388423)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 3,412 5,982 559 9,953
DEPRECIATION
At 1 April 2022 - 5,703 559 6,262
Charge for year - 70 - 70
At 31 March 2023 - 5,773 559 6,332
NET BOOK VALUE
At 31 March 2023 3,412 209 - 3,621
At 31 March 2022 3,412 279 - 3,691

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 9,821 54,809
Other debtors 340,455 22,875
Prepayments 1,546 13,342
351,822 91,026

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 39,845 34,729
Tax 32,944 54,891
VAT 28,294 10,620
Other creditors 85,835 79,206
Directors' current accounts 434,201 432,095
Accrued expenses 2,250 2,250
623,369 613,791

7. RELATED PARTY DISCLOSURES

As at 31st March 2023 the company owed Ciaran Harvey £69,262 (2022: £81,571) and Sean Harvey £364,938 (2022: £350,523).

As at 31st March 2023, included in 'other debtors' is an amount of £ 318,679.68 lent to Harvey Property Ltd.

The directors have an interest in this company.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C Harvey.