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REGISTERED NUMBER: 03584730 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Car Hospitals Limited

Car Hospitals Limited (Registered number: 03584730)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Car Hospitals Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: A Bernstein
S Siddell





REGISTERED OFFICE: 77-79 Cleveland Street
Birkenhead
Wirral
Merseyside
CH41 3QB





REGISTERED NUMBER: 03584730 (England and Wales)





ACCOUNTANTS: Haines Watts
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ

Car Hospitals Limited (Registered number: 03584730)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 715,670 740,535

CURRENT ASSETS
Stocks 41,231 43,830
Debtors 5 527,931 472,631
Cash at bank and in hand 844,991 219,206
1,414,153 735,667
CREDITORS
Amounts falling due within one year 6 798,528 406,148
NET CURRENT ASSETS 615,625 329,519
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,331,295

1,070,054

CREDITORS
Amounts falling due after more than one
year

7

(30,032

)

(39,572

)

PROVISIONS FOR LIABILITIES (24,928 ) (18,830 )
NET ASSETS 1,276,335 1,011,652

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 427,828 427,828
Retained earnings 848,407 583,724
1,276,335 1,011,652

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Car Hospitals Limited (Registered number: 03584730)

Balance Sheet - continued
31 July 2023


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 4 March 2024 and were signed on its behalf by:





A Bernstein - Director


Car Hospitals Limited (Registered number: 03584730)

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

1. STATUTORY INFORMATION

Car Hospitals Limited 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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 25% reducing balance
Fixtures and fittings - 20% on reducing balance

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.

Car Hospitals Limited (Registered number: 03584730)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 21 (2022 - 21 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£ £ £ £
COST OR VALUATION
At 1 August 2022 750,000 395,137 117,966 1,263,103
Additions - - 2,793 2,793
At 31 July 2023 750,000 395,137 120,759 1,265,896
DEPRECIATION
At 1 August 2022 88,327 336,345 97,896 522,568
Charge for year 10,287 12,798 4,573 27,658
At 31 July 2023 98,614 349,143 102,469 550,226
NET BOOK VALUE
At 31 July 2023 651,386 45,994 18,290 715,670
At 31 July 2022 661,673 58,792 20,070 740,535

Cost or valuation at 31 July 2023 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings Totals
£ £ £ £
Valuation in 2010 206,233 - - 206,233
Valuation in 2012 207,736 - - 207,736
Valuation in 2022 235,646 - - 235,646
Valuation in 2023 100,385 395,137 120,759 616,281
750,000 395,137 120,759 1,265,896

Car Hospitals Limited (Registered number: 03584730)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£
COST OR VALUATION
At 1 August 2022
and 31 July 2023 117,049
DEPRECIATION
At 1 August 2022 97,826
Charge for year 4,806
At 31 July 2023 102,632
NET BOOK VALUE
At 31 July 2023 14,417
At 31 July 2022 19,223

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£ £
Trade debtors 314,779 206,578
Amounts owed by group undertakings 77,316 161,023
Amounts recoverable on contract 135,054 105,030
Other debtors 782 -
527,931 472,631

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£ £
Trade creditors 227,102 170,233
Taxation and social security 243,241 132,620
Other creditors 328,185 103,295
798,528 406,148

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£ £
Bank loans 30,032 39,572

Car Hospitals Limited (Registered number: 03584730)

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

8. RESERVES
Revaluation
reserve
£
At 1 August 2022
and 31 July 2023 427,828