Company Registration No. 05470208 (England and Wales)
SPECIALISED VEHICLE SERVICES LIMITED
Unaudited accounts
for the year ended 31 March 2023
SPECIALISED VEHICLE SERVICES LIMITED
Unaudited accounts
Contents
SPECIALISED VEHICLE SERVICES LIMITED
Company Information
for the year ended 31 March 2023
Company Number
05470208 (England and Wales)
Registered Office
EBENEZER HOUSE
5A POOLE ROAD
BOURNEMOUTH
DORSET
BH2 5QJ
Accountants
N L Accounting (South West) Ltd
Unit 9, Town Farm Workshops
Sixpenny Handley
Salisbury
Wiltshire
SP5 5PA
SPECIALISED VEHICLE SERVICES LIMITED
Statement of financial position
as at 31 March 2023
Intangible assets
6,000
7,500
Tangible assets
10,537
9,865
Cash at bank and in hand
48,975
96,762
Creditors: amounts falling due within one year
(89,428)
(49,713)
Net current assets
62,690
70,336
Called up share capital
2
2
Profit and loss account
79,225
87,699
Shareholders' funds
79,227
87,701
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 director acknowledges his 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 and authorised for issue on 16 November 2023 and were signed on its behalf by
G T Box
Director
Company Registration No. 05470208
SPECIALISED VEHICLE SERVICES LIMITED
Notes to the Accounts
for the year ended 31 March 2023
SPECIALISED VEHICLE SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05470208. The registered office is EBENEZER HOUSE, 5A POOLE ROAD, BOURNEMOUTH, DORSET, BH2 5QJ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
SPECIALISED VEHICLE SERVICES LIMITED
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2022
33,109
21,505
54,614
At 31 March 2023
36,759
21,505
58,264
At 1 April 2022
25,577
19,172
44,749
Charge for the year
2,395
583
2,978
At 31 March 2023
27,972
19,755
47,727
At 31 March 2023
8,787
1,750
10,537
At 31 March 2022
7,532
2,333
9,865
Amounts falling due within one year
Trade debtors
20,430
13,697
Accrued income and prepayments
3,213
3,090
Amounts falling due after more than one year
Amounts due from group undertakings etc.
73,000
-
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
30,582
20,005
Taxes and social security
9,990
11,476
Loans from directors
37,516
6,268
The Company is controlled by G T B Automotive Limited, a parent company, who owns 100% of the issued shares.
9
Average number of employees
During the year the average number of employees was 6 (2022: 6).