Company registration number 10339985 (England and Wales)
Halifax Commercial Vehicle Repairs Ltd
Unaudited
financial statements
for the year ended 31 August 2023
PAGES FOR FILING WITH REGISTRAR
Halifax Commercial Vehicle Repairs Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Halifax Commercial Vehicle Repairs Ltd
Statement Of Financial Position
as at 31 August 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
656
875
Current assets
Debtors
4
41,667
38,212
Cash at bank and in hand
39,012
28,760
80,679
66,972
Creditors: amounts falling due within one year
5
(65,965)
(50,252)
Net current assets
14,714
16,720
Total assets less current liabilities
15,370
17,595
Creditors: amounts falling due after more than one year
6
(11,723)
(16,800)
Net assets
3,647
795
Capital and reserves
Called up share capital
100
1
Profit and loss reserves
3,547
794
Total equity
3,647
795
Halifax Commercial Vehicle Repairs Ltd
Statement Of Financial Position (continued)
as at 31 August 2023
- 2 -
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 5 December 2023
S Meikle
Director
Company Registration No. 10339985
Halifax Commercial Vehicle Repairs Ltd
Notes to the financial statements
for the year ended 31 August 2023
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration received for services provided in the normal course of business, and is shown net of VAT.
Turnover is recognised upon the provision of services.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
25% reducing balance
Motor vehicles
25% reducing balance
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
Halifax Commercial Vehicle Repairs Ltd
Notes to the financial statements (continued)
for the year ended 31 August 2023
- 4 -
3
Tangible fixed assets
Computers
Motor vehicles
Total
£
£
£
Cost
At 1 September 2022 and 31 August 2023
565
2,200
2,765
Depreciation and impairment
At 1 September 2022
386
1,504
1,890
Depreciation charged in the year
45
174
219
At 31 August 2023
431
1,678
2,109
Carrying amount
At 31 August 2023
134
522
656
At 31 August 2022
179
696
875
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
19,072
10,807
Other debtors
22,595
27,405
41,667
38,212
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loan
11,302
5,600
Trade creditors
35,571
31,548
Corporation tax
14,301
8,979
Other taxation and social security
3,791
3,125
Accruals and deferred income
1,000
1,000
65,965
50,252
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loan
11,723
16,800
7
Company information
Halifax Commercial Vehicle Repairs Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 3 North Dean Business Park, Stainland Road, Halifax, West Yorkshire, HX4 8LR.