26 July 2022 v2024.8.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP142574082022-07-262023-07-31142574082023-07-3114257408core:WithinOneYear2023-07-3114257408core:ShareCapital2023-07-3114257408core:RetainedEarningsAccumulatedLosses2023-07-3114257408bus:Director12022-07-262023-07-3114257408bus:RegisteredOffice2022-07-262023-07-3114257408core:OfficeEquipment2022-07-262023-07-3114257408core:MotorVehicles2022-07-262023-07-3114257408core:PlantMachinery2022-07-262023-07-3114257408core:PlantMachinery2023-07-311425740812022-07-262023-07-3114257408countries:EnglandWales2022-07-262023-07-3114257408bus:AuditExemptWithAccountantsReport2022-07-262023-07-3114257408bus:PrivateLimitedCompanyLtd2022-07-262023-07-3114257408bus:SmallEntities2022-07-262023-07-3114257408bus:FullAccounts2022-07-262023-07-31
Company registration number:
14257408
Specialist Vehicle Purchasing Ltd
Unaudited Filleted Financial Statements for the period ended
31 July 2023
Specialist Vehicle Purchasing Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Specialist Vehicle Purchasing Ltd
Period ended
31 July 2023
As described on the statement of financial position, the Board of Directors of
Specialist Vehicle Purchasing Ltd
are responsible for the preparation of the
financial statements
for the period ended
31 July 2023
, which comprise the income statement, statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Proper Job Consultants Ltd
Chartered Accountants
9 Alwoodley Lane
Alwoodley
Leeds
West Yorkshire
LS17 7PU
United Kingdom
Date:
25 March 2024
Specialist Vehicle Purchasing Ltd
Statement of Financial Position
31 July 2023
31 Jul 2023
Note£
Fixed assets  
Tangible assets 5
21,146
 
Current assets  
Debtors 6
23,544
 
Cash at bank and in hand
191,004
 
214,548
 
Creditors: amounts falling due within one year 7
(56,800
)
Net current assets
157,748
 
Total assets less current liabilities 178,894  
Capital and reserves  
Called up share capital
100
 
Profit and loss account
178,794
 
Shareholders funds
178,894
 
For the period ending
31 July 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 financial statements for the period in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
25 March 2024
, and are signed on behalf of the board by:
W Harrison
Director
Company registration number:
14257408
Specialist Vehicle Purchasing Ltd
Notes to the Financial Statements
Period ended
31 July 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
7 Castle Lodge Way
,
Rothwell
,
Leeds
,
LS26 0ZH
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
20% Reducing Balance
Motor vehicles
20% Reducing Balance

4 Average number of employees

The average number of persons employed by the company during the period was
1
.

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
26 July 2022
-  
Additions
21,550
 
At
31 July 2023
21,550
 
Depreciation  
At
26 July 2022
-  
Charge
404
 
At
31 July 2023
404
 
Carrying amount  
At
31 July 2023
21,146
 

6 Debtors

31 Jul 2023
£
Trade debtors
23,544
 

7 Creditors: amounts falling due within one year

31 Jul 2023
£
Taxation and social security
56,419
 
Other creditors
381
 
56,800