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REGISTERED NUMBER: 12639397 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

YORKSHIRE VEHICLE CONSULTANCY LTD

YORKSHIRE VEHICLE CONSULTANCY LTD (REGISTERED NUMBER: 12639397)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YORKSHIRE VEHICLE CONSULTANCY LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: A F Robertson
W J Robertson





REGISTERED OFFICE: Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF





REGISTERED NUMBER: 12639397 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

YORKSHIRE VEHICLE CONSULTANCY LTD (REGISTERED NUMBER: 12639397)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 533 1,131

CURRENT ASSETS
Stocks 36,625 -
Debtors 5 85,941 276
Cash at bank 248,369 254,222
370,935 254,498
CREDITORS
Amounts falling due within one year 6 157,370 63,918
NET CURRENT ASSETS 213,565 190,580
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,098

191,711

PROVISIONS FOR LIABILITIES 101 215
NET ASSETS 213,997 191,496

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 213,897 191,396
SHAREHOLDERS' FUNDS 213,997 191,496

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 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.

YORKSHIRE VEHICLE CONSULTANCY LTD (REGISTERED NUMBER: 12639397)

BALANCE SHEET - continued
31 March 2024


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 19 July 2024 and were signed on its behalf by:




A F Robertson - Director



W J Robertson - Director


YORKSHIRE VEHICLE CONSULTANCY LTD (REGISTERED NUMBER: 12639397)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Yorkshire Vehicle Consultancy Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office at Beckside Court, Annie Reed Road, Beverley, HU17 0LF and principal place of business at Hamilton Court, Scorton Road, Brompton on Swale, Darlington, DL10 7EQ.

The principal activity of the company is the sale of new cars and light motor vehicles.

The presentational currency of the financial statements is Pound Sterling (£).

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

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


YORKSHIRE VEHICLE CONSULTANCY LTD (REGISTERED NUMBER: 12639397)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 2,392
DEPRECIATION
At 1 April 2023 1,261
Charge for year 598
At 31 March 2024 1,859
NET BOOK VALUE
At 31 March 2024 533
At 31 March 2023 1,131

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

YORKSHIRE VEHICLE CONSULTANCY LTD (REGISTERED NUMBER: 12639397)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 85,941 276

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 123,083 2,739
Tax 12,921 36,168
VAT 17,100 17,218
Directors' current accounts 2,466 6,268
Accrued expenses 1,800 1,525
157,370 63,918

7. ULTIMATE CONTROLLING PARTY

The company is under the control of it's director shareholders.