|
|
|
|
Statement of Financial Position |
2023 |
2022 |
|
Note |
£ |
£ |
Tangible assets |
6 |
|
|
Stocks |
7 |
|
|
Debtors |
8 |
|
|
Cash at bank and in hand |
|
|
|
------------ |
------------ |
||
|
|
||
Creditors: amounts falling due within one year |
9 |
|
|
------------ |
------------ |
||
Net current assets |
|
|
|
------------ |
------------ |
||
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year |
10 |
|
|
Taxation including deferred tax |
11 |
|
|
Other provisions |
11 |
|
|
-------- |
-------- |
||
38,831 |
24,833 |
||
------------ |
------------ |
||
Net assets |
|
|
|
------------ |
------------ |
||
Called up share capital |
13 |
|
|
Profit and loss account |
|
|
|
------------ |
--------- |
||
Shareholders funds |
|
|
|
------------ |
--------- |
||
|
Statement of Financial Position (continued) |
|
Director |
|
Notes to the Financial Statements |
Plant and machinery |
- |
|
|
Equipment |
- |
|
|
2023 |
2022 |
|
No. |
No. |
|
Distribution staff |
|
|
Management staff |
4 |
2 |
---- |
---- |
|
|
|
|
---- |
---- |
|
2023 |
2022 |
|
£ |
£ |
|
Wages and salaries |
|
|
Social security costs |
|
|
Other pension costs |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
2023 |
2022 |
|
£ |
£ |
|
UK current tax expense |
|
|
Origination and reversal of timing differences |
|
(
|
--------- |
-------- |
|
Tax on profit |
|
|
--------- |
-------- |
|
2023 |
2022 |
|
£ |
£ |
|
Profit on ordinary activities before taxation |
|
|
--------- |
--------- |
|
Profit on ordinary activities by rate of tax |
|
|
Effect of expenses not deductible for tax purposes |
|
– |
Effect of capital allowances and depreciation |
(
|
– |
Effect of different UK tax rates on some earnings |
564 |
– |
--------- |
--------- |
|
Tax on profit |
|
|
--------- |
--------- |
|
Plant and machinery |
Equipment |
Total |
|
£ |
£ |
£ |
|
Cost |
|||
At 1 July 2022 |
|
– |
|
Additions |
– |
|
|
-------- |
------- |
-------- |
|
At 30 June 2023 |
|
|
|
-------- |
------- |
-------- |
|
Depreciation |
|||
At 1 July 2022 |
|
– |
|
Charge for the year |
|
|
|
-------- |
------- |
-------- |
|
At 30 June 2023 |
|
|
|
-------- |
------- |
-------- |
|
Carrying amount |
|||
At 30 June 2023 |
|
|
|
-------- |
------- |
-------- |
|
At 30 June 2022 |
|
– |
|
-------- |
------- |
-------- |
|
2023 |
2022 |
|
£ |
£ |
|
Used Cars stock |
|
|
------------ |
------------ |
|
2023 |
2022 |
|
£ |
£ |
|
Trade debtors |
|
|
-------- |
-------- |
|
2023 |
2022 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Corporation tax |
|
|
Social security and other taxes |
|
|
Amount owed to related parties - Trade Vans UK |
– |
|
Amount owed to related party - Anchor Pension Plan |
|
90,000
|
Other creditors |
|
|
------------ |
------------ |
|
|
|
|
------------ |
------------ |
|
2023 | 2022 | ||
£ | £ | ||
Bank loans | 745,214 | 97,033 | |
Amount owed to related party | 90,000 | 90,000 | |
--------- | --------- | ||
835,214 | 187,033 | ||
--------- | --------- | ||
2023 |
2022 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
|
Amount owed to related party - Anchor Pension Scheme |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
2023 | 2022 | ||
£ | £ | ||
Amount owed to related party | 270,000 | 360,000 | |
--------- | --------- | ||
Warranties |
Deferred tax (note 12) |
General |
Chargeback |
Total |
|
£ |
£ |
£ |
£ |
£ |
|
At 1 July 2022 |
|
|
– |
– |
|
Additions |
|
|
|
|
|
-------- |
------- |
-------- |
------- |
-------- |
|
At 30 June 2023 |
|
|
|
|
|
-------- |
------- |
-------- |
------- |
-------- |
|
2023 |
2022 |
|
£ |
£ |
|
Included in provisions (note 11) |
|
|
------- |
------- |
|
2023 |
2022 |
|
£ |
£ |
|
Accelerated capital allowances |
|
|
------- |
------- |
|
2023 |
2022 |
|||
No. |
£ |
No. |
£ |
|
|
|
100 |
|
100 |
---- |
---- |
---- |
---- |
|
2023 |
2022 |
|
£ |
£ |
|
Not later than 1 year |
|
|
Later than 1 year and not later than 5 years |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
Transaction value |
Balance owed by/(owed to) |
|||
2023 |
2022 |
2023 |
2022 |
|
£ |
£ |
£ |
£ |
|
|
|
|
(
|
(
|
Anchor Vans Limited- Sales
|
(
|
(
|
20,553
|
– |
Trade Vans UK Limited- Advance |
– |
– |
– |
(706,675) |
Trade Vans UK Limited - Sales |
(43,140) |
(29,880) |
22,000
|
– |
Trade Vans UK Limited - Purchases |
252,684 |
– |
(12,460) |
– |
--------- |
--------- |
-------- |
--------- |
|