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REGISTERED NUMBER: 09900625 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

CUSTOM VANS & COSMETIC REPAIR CENTRE LTD

CUSTOM VANS & COSMETIC REPAIR CENTRE LTD (REGISTERED NUMBER: 09900625)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CUSTOM VANS & COSMETIC REPAIR CENTRE LTD

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M Windle
N Windle





SECRETARY:





REGISTERED OFFICE: 36/42 Neepsend Lane
Sheffield
S3 8AU





REGISTERED NUMBER: 09900625 (England and Wales)





ACCOUNTANT: Hill and Co Accountants
106 Holme Lane
Hillsborough
Sheffield
South Yorkshire
S6 4JW

CUSTOM VANS & COSMETIC REPAIR CENTRE LTD (REGISTERED NUMBER: 09900625)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 315,470 155,514

CURRENT ASSETS
Stocks 65,000 44,000
Debtors 5 25,008 22,175
Cash at bank 15,615 119,831
105,623 186,006
CREDITORS
Amounts falling due within one year 6 66,495 38,589
NET CURRENT ASSETS 39,128 147,417
TOTAL ASSETS LESS CURRENT
LIABILITIES

354,598

302,931

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 354,498 302,831
SHAREHOLDERS' FUNDS 354,598 302,931

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2023 and were signed on its behalf by:





M Windle - Director


CUSTOM VANS & COSMETIC REPAIR CENTRE LTD (REGISTERED NUMBER: 09900625)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Custom Vans & Cosmetic Repair Centre Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

CUSTOM VANS & COSMETIC REPAIR CENTRE LTD (REGISTERED NUMBER: 09900625)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 151,350 5,319 156,669
Additions 160,788 - 160,788
At 31 March 2023 312,138 5,319 317,457
DEPRECIATION
At 1 April 2022 - 1,155 1,155
Charge for year - 832 832
At 31 March 2023 - 1,987 1,987
NET BOOK VALUE
At 31 March 2023 312,138 3,332 315,470
At 31 March 2022 151,350 4,164 155,514

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 24,517 21,684
Other debtors 491 491
25,008 22,175

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade creditors 2,905 653
Taxation and social security 16,517 15,961
Other creditors 47,073 21,975
66,495 38,589