1 April 2022 false No description of principal activity Taxfiler 2024.1 SC540938business:PrivateLimitedCompanyLtd2022-04-012023-03-31 SC5409382022-03-31 SC5409382022-04-012023-03-31 SC540938business:AuditExempt-NoAccountantsReport2022-04-012023-03-31 SC540938business:FilletedAccounts2022-04-012023-03-31 SC5409382023-03-31 SC540938business:Director12022-04-012023-03-31 SC540938business:Director22022-04-012023-03-31 SC540938business:RegisteredOffice2022-04-012023-03-31 SC5409382022-03-31 SC540938core:WithinOneYear2023-03-31 SC540938core:WithinOneYear2022-03-31 SC540938core:AfterOneYear2023-03-31 SC540938core:AfterOneYear2022-03-31 SC540938core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC540938core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 SC540938core:CapitalContributionReservecore:PreviouslyStatedAmount2023-03-31 SC540938core:CapitalContributionReservecore:PreviouslyStatedAmount2022-03-31 SC540938core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC540938core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 SC540938core:PreviouslyStatedAmount2023-03-31 SC540938core:PreviouslyStatedAmount2022-03-31 SC540938business:SmallEntities2022-04-012023-03-31 SC540938countries:Scotland2022-04-012023-03-31 SC540938core:IntangibleAssetsOtherThanGoodwill2022-03-31 SC540938core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31 SC540938core:IntangibleAssetsOtherThanGoodwill2023-03-31 SC540938core:PlantMachinery2022-03-31 SC540938core:MotorVehicles2022-03-31 SC540938core:ComputerEquipment2022-03-31 SC540938core:PlantMachinery2022-04-012023-03-31 SC540938core:MotorVehicles2022-04-012023-03-31 SC540938core:ComputerEquipment2022-04-012023-03-31 SC540938core:PlantMachinery2023-03-31 SC540938core:MotorVehicles2023-03-31 SC540938core:ComputerEquipment2023-03-31 SC5409382021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. SC540938 (Scotland)
Fresh Car Valeting Limited Unaudited accounts for the year ended 31 March 2023
Fresh Car Valeting Limited Unaudited accounts Contents
Page
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Fresh Car Valeting Limited Company Information for the year ended 31 March 2023
Directors
Sam Patrick Brennan Tino Benjamin Nombro
Company Number
SC540938 (Scotland)
Registered Office
29 Stafford Street Edinburgh EH3 7BJ Scotland
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Fresh Car Valeting Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
113,130 
84,695 
Tangible assets
262,522 
104,207 
375,652 
188,902 
Current assets
Inventories
4,860 
- 
Debtors
132,057 
101,696 
Cash at bank and in hand
57,967 
51,936 
194,884 
153,632 
Creditors: amounts falling due within one year
(202,911)
(210,933)
Net current liabilities
(8,027)
(57,301)
Total assets less current liabilities
367,625 
131,601 
Creditors: amounts falling due after more than one year
(384,265)
(177,290)
Net liabilities
(16,640)
(45,689)
Capital and reserves
Called up share capital
1 
1 
Capital contribution reserve
542,766 
101,000 
Profit and loss account
(559,407)
(146,690)
Shareholders' funds
(16,640)
(45,689)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by
Sam Patrick Brennan Director Company Registration No. SC540938
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Fresh Car Valeting Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Fresh Car Valeting Limited is a private company, limited by shares, registered in Scotland, registration number SC540938. The registered office is 29 Stafford Street, Edinburgh, EH3 7BJ, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Fresh Car Valeting Limited Notes to the Accounts for the year ended 31 March 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2022
85,159 
Additions
32,765 
At 31 March 2023
117,924 
Amortisation
At 1 April 2022
464 
Charge for the year
4,330 
At 31 March 2023
4,794 
Net book value
At 31 March 2023
113,130 
At 31 March 2022
84,695 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
61,376 
91,260 
2,819 
155,455 
Additions
31,632 
162,611 
3,163 
197,406 
At 31 March 2023
93,008 
253,871 
5,982 
352,861 
Depreciation
At 1 April 2022
24,678 
26,112 
458 
51,248 
Charge for the year
19,475 
18,709 
907 
39,091 
At 31 March 2023
44,153 
44,821 
1,365 
90,339 
Net book value
At 31 March 2023
48,855 
209,050 
4,617 
262,522 
At 31 March 2022
36,698 
65,148 
2,361 
104,207 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
112,204 
81,264 
Accrued income and prepayments
3,256 
- 
Other debtors
16,597 
20,432 
132,057 
101,696 
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Fresh Car Valeting Limited Notes to the Accounts for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
36,727 
66,729 
Trade creditors
55,423 
53,063 
Amounts owed to group undertakings and other participating interests
20 
20 
Taxes and social security
50,783 
22,637 
Other creditors
28,611 
62,205 
Loans from directors
125 
869 
Accruals
11,220 
5,410 
Deferred income
20,002 
- 
202,911 
210,933 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
384,265 
177,290 
9
Capital contribution reserve
During both 2022 and 2023 a capital contribution was received from the parent company.
10
Average number of employees
During the year the average number of employees was 11 (2022: 7).
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