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Company Registration No. 14241023 (England and Wales)
A C Vehicle Repairs Ltd Unaudited accounts for the year ended 31 July 2024
A C Vehicle Repairs Ltd Unaudited accounts Contents
Page
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A C Vehicle Repairs Ltd Company Information for the year ended 31 July 2024
Directors
Andrew James Coad Rachel Harriet Coad
Company Number
14241023 (England and Wales)
Registered Office
MEDWELL FARM SWEETSHOUSE BODMIN PL30 5AJ ENGLAND
Accountants
Chynance Accountancy Services Ltd 2 King Mark House Stret Constantine Newquay Cornwall TR7 1GF
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A C Vehicle Repairs Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
109,338 
88,618 
Current assets
Inventories
2,100 
- 
Debtors
11,077 
5,958 
Cash at bank and in hand
6,351 
5,287 
19,528 
11,245 
Creditors: amounts falling due within one year
(33,733)
(9,514)
Net current (liabilities)/assets
(14,205)
1,731 
Total assets less current liabilities
95,133 
90,349 
Creditors: amounts falling due after more than one year
(85,280)
(85,280)
Net assets
9,853 
5,069 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
9,851 
5,067 
Shareholders' funds
9,853 
5,069 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by
Andrew James Coad Director Company Registration No. 14241023
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A C Vehicle Repairs Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
A C Vehicle Repairs Ltd is a private company, limited by shares, registered in England and Wales, registration number 14241023. The registered office is MEDWELL FARM, SWEETSHOUSE, BODMIN, PL30 5AJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No write down applied
Plant & machinery
25% Reducing balance
Computer equipment
25% Reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
84,390 
3,905 
1,732 
90,027 
Additions
20,127 
2,200 
- 
22,327 
At 31 July 2024
104,517 
6,105 
1,732 
112,354 
Depreciation
At 1 August 2023
- 
976 
433 
1,409 
Charge for the year
- 
1,282 
325 
1,607 
At 31 July 2024
- 
2,258 
758 
3,016 
Net book value
At 31 July 2024
104,517 
3,847 
974 
109,338 
At 31 July 2023
84,390 
2,929 
1,299 
88,618 
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A C Vehicle Repairs Ltd Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
4,091 
Amounts falling due after more than one year
Trade debtors
11,077 
- 
Accrued income and prepayments
- 
1,867 
11,077 
1,867 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
9,086 
3,103 
Trade creditors
14,393 
- 
Taxes and social security
9,692 
5,603 
Accruals
562 
808 
33,733 
9,514 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
85,280 
85,280 
8
Average number of employees
During the year the average number of employees was 3 (2023: 2).
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