Houghton Vehicle Repairs Ltd 11361887 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is vehicle body repairs a Franchise of ChipsAway International Limited Digita Accounts Production Advanced 6.30.9574.0 true true 11361887 2022-06-01 2023-05-31 11361887 2023-05-31 11361887 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-05-31 11361887 core:CurrentFinancialInstruments 2023-05-31 11361887 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 11361887 core:Non-currentFinancialInstruments 2023-05-31 11361887 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 11361887 core:OtherResidualIntangibleAssets 2023-05-31 11361887 bus:SmallEntities 2022-06-01 2023-05-31 11361887 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 11361887 bus:FullAccounts 2022-06-01 2023-05-31 11361887 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 11361887 bus:RegisteredOffice 2022-06-01 2023-05-31 11361887 bus:Director1 2022-06-01 2023-05-31 11361887 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-06-01 2023-05-31 11361887 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 11361887 core:IntangibleAssetsOtherThanGoodwill 2022-06-01 2023-05-31 11361887 core:OtherResidualIntangibleAssets 2022-06-01 2023-05-31 11361887 countries:AllCountries 2022-06-01 2023-05-31 11361887 2022-05-31 11361887 core:OtherResidualIntangibleAssets 2022-05-31 11361887 2021-06-01 2022-05-31 11361887 2022-05-31 11361887 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-05-31 11361887 core:CurrentFinancialInstruments 2022-05-31 11361887 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 11361887 core:Non-currentFinancialInstruments 2022-05-31 11361887 core:Non-currentFinancialInstruments core:AfterOneYear 2022-05-31 11361887 core:OtherResidualIntangibleAssets 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11361887

Houghton Vehicle Repairs Ltd

trading as Houghton Vehicle Repairs Ltd T/A ChipsAway David Houghton

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2023

 

Houghton Vehicle Repairs Ltd

trading as Houghton Vehicle Repairs Ltd T/A ChipsAway David Houghton

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Houghton Vehicle Repairs Ltd

trading as Houghton Vehicle Repairs Ltd T/A ChipsAway David Houghton

Company Information

Director

Mr David Houghton

Registered office

19 Aintree Drive
Lower Darwen
Lancashire
BB3 0QW

Accountants

Clever Accounts Limited
Brookfield Court
Selby Road
Leeds
LS25 1NB

 

Houghton Vehicle Repairs Ltd

trading as Houghton Vehicle Repairs Ltd T/A ChipsAway David Houghton

(Registration number: 11361887)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

-

3,000

Current assets

 

Debtors

5

609

597

Cash at bank and in hand

 

13

10,109

 

622

10,706

Creditors: Amounts falling due within one year

6

(22,038)

(20,709)

Net current liabilities

 

(21,416)

(10,003)

Total assets less current liabilities

 

(21,416)

(7,003)

Creditors: Amounts falling due after more than one year

6

(7,000)

(9,000)

Net liabilities

 

(28,416)

(16,003)

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

(28,417)

(16,004)

Shareholders' deficit

 

(28,416)

(16,003)

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Houghton Vehicle Repairs Ltd

trading as Houghton Vehicle Repairs Ltd T/A ChipsAway David Houghton

(Registration number: 11361887)
Balance Sheet as at 31 May 2023

Approved and authorised by the director on 15 February 2024
 

.........................................

Mr David Houghton
Director

 

Houghton Vehicle Repairs Ltd

trading as Houghton Vehicle Repairs Ltd T/A ChipsAway David Houghton

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England .

The address of its registered office is:
19 Aintree Drive
Lower Darwen
Lancashire
BB3 0QW

These financial statements were authorised for issue by the director on 15 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Houghton Vehicle Repairs Ltd

trading as Houghton Vehicle Repairs Ltd T/A ChipsAway David Houghton

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Franchise

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Houghton Vehicle Repairs Ltd

trading as Houghton Vehicle Repairs Ltd T/A ChipsAway David Houghton

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Houghton Vehicle Repairs Ltd

trading as Houghton Vehicle Repairs Ltd T/A ChipsAway David Houghton

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 June 2022

15,000

15,000

At 31 May 2023

15,000

15,000

Amortisation

At 1 June 2022

12,000

12,000

Amortisation charge

3,000

3,000

At 31 May 2023

15,000

15,000

Carrying amount

At 31 May 2023

-

-

At 31 May 2022

3,000

3,000

5

Debtors

Current

2023
£

2022
£

Trade debtors

-

597

Other debtors

609

-

 

609

597

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

1,102

4,814

Taxation and social security

-

311

Other creditors

20,936

15,584

22,038

20,709

Creditors: amounts falling due after more than one year

 

Houghton Vehicle Repairs Ltd

trading as Houghton Vehicle Repairs Ltd T/A ChipsAway David Houghton

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

7,000

9,000

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary share of £1 each

1

1

1

1

         

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

7,000

9,000