IRIS Accounts Production v23.3.1.45 00435331 Board of Directors 1.4.22 31.3.23 31.3.23 0 0 false true false false true false Fair value model Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 Ordinary D 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh004353312022-03-31004353312023-03-31004353312022-04-012023-03-31004353312021-03-31004353312021-04-012022-03-31004353312022-03-3100435331ns10:Originalns15:EnglandWales2022-04-012023-03-3100435331ns14:PoundSterlingns10:Original2022-04-012023-03-3100435331ns10:Originalns10:Director12022-04-012023-03-3100435331ns10:Original2022-04-012023-03-3100435331ns10:Original2023-03-3100435331ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3100435331ns10:Originalns10:SmallEntities2022-04-012023-03-3100435331ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3100435331ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3100435331ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3100435331ns10:Originalns10:FullAccounts2022-04-012023-03-3100435331ns10:Original2021-04-012022-03-3100435331ns10:Originalns10:OrdinaryShareClass22022-04-012023-03-3100435331ns10:OrdinaryShareClass3ns10:Original2022-04-012023-03-3100435331ns10:Originalns10:OrdinaryShareClass42022-04-012023-03-3100435331ns10:Originalns10:OrdinaryShareClass52022-04-012023-03-3100435331ns10:Originalns10:Director22022-04-012023-03-3100435331ns10:CompanySecretary1ns10:Original2022-04-012023-03-3100435331ns10:Originalns10:RegisteredOffice2022-04-012023-03-3100435331ns10:Original2022-03-3100435331ns10:Originalns5:CurrentFinancialInstruments2023-03-3100435331ns10:Originalns5:CurrentFinancialInstruments2022-03-3100435331ns5:ShareCapitalns10:Original2023-03-3100435331ns5:ShareCapitalns10:Original2022-03-3100435331ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3100435331ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3100435331ns10:Originalns5:CostValuation2022-03-3100435331ns10:Originalns5:AdditionsToInvestments2023-03-3100435331ns10:Originalns5:CostValuation2023-03-3100435331ns10:Original2022-03-3100435331ns10:Originalns10:OrdinaryShareClass22023-03-3100435331ns10:OrdinaryShareClass3ns10:Original2023-03-3100435331ns10:Originalns10:OrdinaryShareClass42023-03-3100435331ns10:Originalns10:OrdinaryShareClass52023-03-31
REGISTERED NUMBER: 00435331 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

RELIANCE VAC SPARES (BEXLEYHEATH)
LIMITED

RELIANCE VAC SPARES (BEXLEYHEATH)
LIMITED (REGISTERED NUMBER: 00435331)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RELIANCE VAC SPARES (BEXLEYHEATH)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs B C Moffat
I.S. Moffat





SECRETARY: Mrs B C Moffat





REGISTERED OFFICE: 72 Park Road
Bromley
Kent
BR1 3HP





REGISTERED NUMBER: 00435331 (England and Wales)





ACCOUNTANTS: The Carley Partnership
St James's House
8 Overcliffe
Gravesend
Kent
DA11 0HJ

RELIANCE VAC SPARES (BEXLEYHEATH)
LIMITED (REGISTERED NUMBER: 00435331)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 9,032 2,399
Investment property 5 750,000 750,000
759,032 752,399

CURRENT ASSETS
Cash at bank 89,071 85,382

CREDITORS
Amounts falling due within one year 6 35,330 34,651
NET CURRENT ASSETS 53,741 50,731
TOTAL ASSETS LESS CURRENT
LIABILITIES

812,773

803,130

PROVISIONS FOR LIABILITIES 100,532 100,532
NET ASSETS 712,241 702,598

CAPITAL AND RESERVES
Called up share capital 7 17,100 17,100
Retained earnings 695,141 685,498
SHAREHOLDERS' FUNDS 712,241 702,598

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.

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 29 November 2023 and were signed on its behalf by:





I.S. Moffat - Director


RELIANCE VAC SPARES (BEXLEYHEATH)
LIMITED (REGISTERED NUMBER: 00435331)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Reliance Vac Spares (Bexleyheath) 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 as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2022 2,399
Additions 6,633
At 31 March 2023 9,032
NET BOOK VALUE
At 31 March 2023 9,032
At 31 March 2022 2,399

RELIANCE VAC SPARES (BEXLEYHEATH)
LIMITED (REGISTERED NUMBER: 00435331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2023 is represented by:

Other
investments
£   
Cost 9,032

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 750,000
NET BOOK VALUE
At 31 March 2023 750,000
At 31 March 2022 750,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 1980 26,596
Valuation in 1997 650
Valuation in 1998 550,000
Valuation in 2005 686,260
Valuation in 2010 (300,000 )
Valuation in 2020 (250,000 )
Cost 36,494
750,000

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 36,494 36,494

Investment property was valued on an open market basis on 31 March 2023 by the directors .

Included in Retained Earnings at the year end are £713,506 revaluation surpluses and £100,532 deferred tax provision in respect of the investment property.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 15,404 14,725
Other creditors 19,926 19,926
35,330 34,651

RELIANCE VAC SPARES (BEXLEYHEATH)
LIMITED (REGISTERED NUMBER: 00435331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2,249 Ordinary A £1 2,249 2,249
5,110 Ordinary B £1 5,110 5,110
4,868 Ordinary C £1 4,868 4,868
4,873 Ordinary D £1 4,873 4,873
17,100 17,100