IRIS Accounts Production v23.3.1.45 04989008 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049890082022-03-31049890082023-03-31049890082022-04-012023-03-31049890082021-03-31049890082021-04-012022-03-31049890082022-03-3104989008ns10:Originalns15:EnglandWales2022-04-012023-03-3104989008ns14:PoundSterlingns10:Original2022-04-012023-03-3104989008ns10:Originalns10:Director12022-04-012023-03-3104989008ns10:Original2022-04-012023-03-3104989008ns10:Original2023-03-3104989008ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3104989008ns10:Originalns10:SmallEntities2022-04-012023-03-3104989008ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3104989008ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3104989008ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3104989008ns10:Originalns10:FullAccounts2022-04-012023-03-3104989008ns10:Originalns10:Director22022-04-012023-03-3104989008ns10:Originalns10:Director32022-04-012023-03-3104989008ns10:CompanySecretary1ns10:Original2022-04-012023-03-3104989008ns10:Originalns10:RegisteredOffice2022-04-012023-03-3104989008ns10:Original2022-03-3104989008ns10:Originalns5:CurrentFinancialInstruments2023-03-3104989008ns10:Originalns5:CurrentFinancialInstruments2022-03-3104989008ns10:Originalns5:Non-currentFinancialInstruments2023-03-3104989008ns10:Originalns5:Non-currentFinancialInstruments2022-03-3104989008ns5:ShareCapitalns10:Original2023-03-3104989008ns5:ShareCapitalns10:Original2022-03-3104989008ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3104989008ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3104989008ns10:Original12022-04-012023-03-3104989008ns10:Originalns5:PlantMachinery2022-04-012023-03-3104989008ns10:Original2021-04-012022-03-3104989008ns10:Originalns5:LandBuildings2022-03-3104989008ns10:Originalns5:PlantMachinery2022-03-3104989008ns10:Original2022-03-3104989008ns10:Originalns5:LandBuildings2022-04-012023-03-3104989008ns10:Originalns5:LandBuildings2023-03-3104989008ns10:Originalns5:PlantMachinery2023-03-3104989008ns10:Originalns5:LandBuildings2022-03-3104989008ns10:Originalns5:PlantMachinery2022-03-3104989008ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-03-3104989008ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3104989008ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-04-012023-03-3104989008ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-03-3104989008ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104989008ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 04989008 (England and Wales)





















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Torbay Car Hospital Limited

Torbay Car Hospital Limited (Registered number: 04989008)

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


Torbay Car Hospital Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: J E Daniel
Mrs T J Daniel
K Daniel





SECRETARY: Mrs T J Daniel





REGISTERED OFFICE: Unit 9 Lummaton Quarry
Happaway Road
Torquay
Devon
TQ2 8ES





REGISTERED NUMBER: 04989008 (England and Wales)





ACCOUNTANTS: Mark Ward Chartered Certified Accountants
First Floor Cef Building
Broomhill Way
Torquay
Devon
TQ2 7QN

Torbay Car Hospital Limited (Registered number: 04989008)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 162,974 142,292

CURRENT ASSETS
Stocks 8,945 9,390
Debtors 5 116,848 101,507
Cash at bank 9,908 55,927
135,701 166,824
CREDITORS
Amounts falling due within one year 6 125,846 125,226
NET CURRENT ASSETS 9,855 41,598
TOTAL ASSETS LESS CURRENT LIABILITIES 172,829 183,890

CREDITORS
Amounts falling due after more than one year 7 (31,392 ) (85,049 )

PROVISIONS FOR LIABILITIES (5,500 ) (1,188 )
NET ASSETS 135,937 97,653

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 135,836 97,552
SHAREHOLDERS' FUNDS 135,937 97,653

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.

Torbay Car Hospital Limited (Registered number: 04989008)

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 31 October 2023 and were signed on its behalf by:





J E Daniel - Director


Torbay Car Hospital Limited (Registered number: 04989008)

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


1. STATUTORY INFORMATION

Torbay Car Hospital 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.

Critical accounting judgements and key sources of estimation uncertainty
In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 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.

Torbay Car Hospital Limited (Registered number: 04989008)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit and loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit and loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit and loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classed as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Torbay Car Hospital Limited (Registered number: 04989008)

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


2. ACCOUNTING POLICIES - continued

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 13 (2022 - 12 ) .

Torbay Car Hospital Limited (Registered number: 04989008)

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


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 104,874 148,600 253,474
Additions 14,963 26,184 41,147
Disposals - (19,597 ) (19,597 )
At 31 March 2023 119,837 155,187 275,024
DEPRECIATION
At 1 April 2022 - 111,182 111,182
Charge for year 3,989 15,708 19,697
Eliminated on disposal - (18,829 ) (18,829 )
At 31 March 2023 3,989 108,061 112,050
NET BOOK VALUE
At 31 March 2023 115,848 47,126 162,974
At 31 March 2022 104,874 37,418 142,292

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022 30,041
Transfer to ownership (7,440 )
At 31 March 2023 22,601
DEPRECIATION
At 1 April 2022 13,620
Charge for year 3,516
Transfer to ownership (5,086 )
At 31 March 2023 12,050
NET BOOK VALUE
At 31 March 2023 10,551
At 31 March 2022 16,421

Torbay Car Hospital Limited (Registered number: 04989008)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 98,902 72,644
Other debtors 17,946 28,863
116,848 101,507

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 9,952 9,707
Hire purchase contracts 3,706 5,919
Trade creditors 31,597 31,260
Taxation and social security 44,805 39,910
Other creditors 35,786 38,430
125,846 125,226

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 22,436 32,387
Hire purchase contracts 8,956 12,662
Other creditors - 40,000
31,392 85,049