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REGISTERED NUMBER: 13027909 (England and Wales)

















East Coast Vehicle Solutions Ltd

Financial Statements for the Year Ended 31 December 2023






East Coast Vehicle Solutions Ltd (Registered number: 13027909)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


East Coast Vehicle Solutions Ltd

Company Information
for the year ended 31 December 2023







DIRECTORS: Mr C Jackson
Miss K M Riley





REGISTERED OFFICE: 39 East Newton Road
Aldbrough
Hull
HU11 4RT





REGISTERED NUMBER: 13027909 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
9 Market Place
Hedon
East Yorkshire
HU12 8JA

East Coast Vehicle Solutions Ltd (Registered number: 13027909)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,739 31,415

CURRENT ASSETS
Stocks 5 6,000 3,000
Debtors 6 5,955 9,503
Cash at bank and in hand 3,688 3,087
15,643 15,590
CREDITORS
Amounts falling due within one year 7 47,982 44,027
NET CURRENT LIABILITIES (32,339 ) (28,437 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,400

2,978

CREDITORS
Amounts falling due after more than one
year

8

(4,242

)

-

PROVISIONS FOR LIABILITIES - (881 )
NET (LIABILITIES)/ASSETS (2,842 ) 2,097

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (2,843 ) 2,096
SHAREHOLDERS' FUNDS (2,842 ) 2,097

East Coast Vehicle Solutions Ltd (Registered number: 13027909)

Balance Sheet - continued
31 December 2023


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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





Mr C Jackson - Director


East Coast Vehicle Solutions Ltd (Registered number: 13027909)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

East Coast Vehicle Solutions 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. 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
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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

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

East Coast Vehicle Solutions Ltd (Registered number: 13027909)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 32,721 1,758 15,379 49,858
Additions 1,746 500 12,500 14,746
Disposals - - (4,600 ) (4,600 )
At 31 December 2023 34,467 2,258 23,279 60,004
DEPRECIATION
At 1 January 2023 11,573 541 6,329 18,443
Charge for year 4,579 430 4,713 9,722
Eliminated on disposal - - (1,900 ) (1,900 )
At 31 December 2023 16,152 971 9,142 26,265
NET BOOK VALUE
At 31 December 2023 18,315 1,287 14,137 33,739
At 31 December 2022 21,148 1,217 9,050 31,415

5. STOCKS
2023 2022
£    £   
Stocks 6,000 3,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,751 6,949
VAT - 1,554
Prepayments 2,204 1,000
5,955 9,503

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,481 -
Trade creditors 4,845 1,318
VAT 1,378 -
Credit card 1,227 425
Directors' current accounts 38,171 41,484
Accruals 880 800
47,982 44,027

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 4,242 -

East Coast Vehicle Solutions Ltd (Registered number: 13027909)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

9. GOING CONCERN

At the balance sheet date the balance sheet shows negative shareholders funds of £2,842. The applicability of going concern is dependent on upon the continued financial support of the company's director and its other creditors.