IRIS Accounts Production v23.4.0.336 SC235663 Board of Directors 1.9.22 31.8.23 31.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2356632022-08-31SC2356632023-08-31SC2356632022-09-012023-08-31SC2356632021-08-31SC2356632021-09-012022-08-31SC2356632022-08-31SC235663ns15:Scotland2022-09-012023-08-31SC235663ns14:PoundSterling2022-09-012023-08-31SC235663ns10:Director12022-09-012023-08-31SC235663ns10:PrivateLimitedCompanyLtd2022-09-012023-08-31SC235663ns10:SmallEntities2022-09-012023-08-31SC235663ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-31SC235663ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-31SC235663ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-31SC235663ns10:FullAccounts2022-09-012023-08-31SC235663ns10:Director22022-09-012023-08-31SC235663ns10:CompanySecretary12022-09-012023-08-31SC235663ns10:RegisteredOffice2022-09-012023-08-31SC235663ns5:CurrentFinancialInstruments2023-08-31SC235663ns5:CurrentFinancialInstruments2022-08-31SC235663ns5:ShareCapital2023-08-31SC235663ns5:ShareCapital2022-08-31SC235663ns5:RetainedEarningsAccumulatedLosses2023-08-31SC235663ns5:RetainedEarningsAccumulatedLosses2022-08-31SC235663ns5:PlantMachinery2022-09-012023-08-31SC235663ns5:PlantMachinery2022-08-31SC235663ns5:PlantMachinery2023-08-31SC235663ns5:PlantMachinery2022-08-31SC235663ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-31SC235663ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-31SC235663ns5:CurrentFinancialInstruments2022-09-012023-08-31
REGISTERED NUMBER: SC235663 (Scotland)




















Village Coachworks Limited

Unaudited Financial Statements

for the Year Ended 31 August 2023






Village Coachworks Limited (Registered number: SC235663)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Village Coachworks Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mr B M Thomson
Mrs U M Thomson



SECRETARY: Mrs U M Thomson



REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



REGISTERED NUMBER: SC235663 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Santander UK plc
21 Prescot Street
PO BOX 382,
London
E1 8AD

Village Coachworks Limited (Registered number: SC235663)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 257 735

CURRENT ASSETS
Stocks 250 250
Debtors 5 4,615 7,035
Cash at bank 37,622 28,991
42,487 36,276
CREDITORS
Amounts falling due within one year 6 28,031 19,256
NET CURRENT ASSETS 14,456 17,020
TOTAL ASSETS LESS CURRENT LIABILITIES 14,713 17,755

PROVISIONS FOR LIABILITIES 49 140
NET ASSETS 14,664 17,615

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,564 17,515
SHAREHOLDERS' FUNDS 14,664 17,615

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

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

Village Coachworks Limited (Registered number: SC235663)

Balance Sheet - continued
31 August 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 10 April 2024 and were signed on its behalf by:





Mr B M Thomson - Director


Village Coachworks Limited (Registered number: SC235663)

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

1. STATUTORY INFORMATION

Village Coachworks Limited is a private company, limited by shares , registered in Scotland. 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 and revenue recognition
Turnover represents spray painting and other services. Revenue is recognised when the work has been completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 15% on cost

Government grants
Government grants in relation to tangible fixed assets are credited to the profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

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

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
All loans with related parties are all repayable on demand.


Village Coachworks Limited (Registered number: SC235663)

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

2. ACCOUNTING POLICIES - continued
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.

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

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

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

Village Coachworks Limited (Registered number: SC235663)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 7,377
DEPRECIATION
At 1 September 2022 6,642
Charge for year 478
At 31 August 2023 7,120
NET BOOK VALUE
At 31 August 2023 257
At 31 August 2022 735

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,615 7,035

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,717 3,209
Taxation and social security 6,436 3,902
Other creditors 19,878 12,145
28,031 19,256

Other creditors includes a loan from a director. The loan is unsecured, interest-free and repayable on demand.