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REGISTERED NUMBER: 10024998 (England and Wales)













Neil Cliffe Vehicle Repairs Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024






Neil Cliffe Vehicle Repairs Ltd (Registered number: 10024998)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Neil Cliffe Vehicle Repairs Ltd

Company Information
for the year ended 31 March 2024







DIRECTOR: N Cliffe





REGISTERED OFFICE: Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB





REGISTERED NUMBER: 10024998 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

Neil Cliffe Vehicle Repairs Ltd (Registered number: 10024998)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 17,483 2,369

CURRENT ASSETS
Stocks 1,063 1,198
Debtors 6 3,395 5,372
Cash at bank and in hand 244,723 259,386
249,181 265,956
CREDITORS
Amounts falling due within one year 7 36,057 83,823
NET CURRENT ASSETS 213,124 182,133
TOTAL ASSETS LESS CURRENT
LIABILITIES

230,607

184,502

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 230,605 184,500
SHAREHOLDERS' FUNDS 230,607 184,502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 July 2024 and were signed by:




N Cliffe - Director


Neil Cliffe Vehicle Repairs Ltd (Registered number: 10024998)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Neil Cliffe Vehicle Repairs 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoice value of services provided, excluding value added tax.

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 - 15% on reducing balance
Motor vehicles - 25% 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Neil Cliffe Vehicle Repairs Ltd (Registered number: 10024998)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 3,985 6,732 10,717
Additions 669 20,000 20,669
At 31 March 2024 4,654 26,732 31,386
DEPRECIATION
At 1 April 2023 2,609 5,739 8,348
Charge for year 306 5,249 5,555
At 31 March 2024 2,915 10,988 13,903
NET BOOK VALUE
At 31 March 2024 1,739 15,744 17,483
At 31 March 2023 1,376 993 2,369

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,068 3,150
Other debtors 2,327 2,222
3,395 5,372

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,267 5,840
Taxation and social security 27,289 23,213
Other creditors 7,501 54,770
36,057 83,823