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REGISTERED NUMBER: 06137824 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

HEATHROW VEHICLE SOLUTIONS LIMITED

HEATHROW VEHICLE SOLUTIONS LIMITED (REGISTERED NUMBER: 06137824)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HEATHROW VEHICLE SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: W Dowling
W R J Dowling





REGISTERED OFFICE: Felstead Manor
Long Lane
Stanwell
Staines-Upon-Thames
Middlesex
TW19 7AN





REGISTERED NUMBER: 06137824 (England and Wales)





ACCOUNTANTS: John A Hyde & Co
Lyndale House
24A High Street
Addlestone
Surrey
KT15 1TN

HEATHROW VEHICLE SOLUTIONS LIMITED (REGISTERED NUMBER: 06137824)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 120,119 120,119
Tangible assets 5 35,948 42,412
Investments 6 197,500 165,000
353,567 327,531

CURRENT ASSETS
Stocks 255,631 222,035
Debtors 2,369,840 1,633,757
2,625,471 1,855,792
CREDITORS
Amounts falling due within one year 2,645,110 1,818,209
NET CURRENT (LIABILITIES)/ASSETS (19,639 ) 37,583
TOTAL ASSETS LESS CURRENT
LIABILITIES

333,928

365,114

CREDITORS
Amounts falling due after more than one
year

-

(58,475

)

PROVISIONS FOR LIABILITIES (7,327 ) (4,518 )
NET ASSETS 326,601 302,121

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 326,501 302,021
SHAREHOLDERS' FUNDS 326,601 302,121

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.

HEATHROW VEHICLE SOLUTIONS LIMITED (REGISTERED NUMBER: 06137824)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 August 2024 and were signed on its behalf by:





W R J Dowling - Director


HEATHROW VEHICLE SOLUTIONS LIMITED (REGISTERED NUMBER: 06137824)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Heathrow Vehicle Solutions Limited 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.

Intangible assets
Intangible assets are measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 10% 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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

HEATHROW VEHICLE SOLUTIONS LIMITED (REGISTERED NUMBER: 06137824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 120,119
NET BOOK VALUE

At 31 December 2023 120,119
At 31 December 2022 120,119

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 72,886
DEPRECIATION
At 1 January 2023 30,474
Charge for year 6,464
At 31 December 2023 36,938
NET BOOK VALUE
At 31 December 2023 35,948
At 31 December 2022 42,412

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2023 165,000
Additions 32,500
At 31 December 2023 197,500
NET BOOK VALUE
At 31 December 2023 197,500
At 31 December 2022 165,000

HEATHROW VEHICLE SOLUTIONS LIMITED (REGISTERED NUMBER: 06137824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

During the year the company traded with WVC Vehicle Solutions Ltd, a company controlled by William R J Dowling. Sales made to WVC Vehicle Solutions Ltd totalled £762,886 (2022: £1,202,586) including rent of £30,000 (2022: £30,000). At the Balance Sheet date the amount due from WVC Vehicle Solutions Ltd in relation to these sales was £1,897,548 (2022: £1,151,970). This amount is included within trade debtors.

Purchases made from WVC Vehicle Solutions Ltd totalled £509,009 (2022: £361,817). At the Balance Sheet date the amount due to WVC Vehicle Solutions Ltd in relation to these purchases was £453,443 (2022: £25,980). This amount is included within trade creditors.

During the year the company made payments and received funds on behalf of WVC Vehicle Solutions Ltd. At the balance sheet date an amount of £278,483 (2022: £297,013) was due from WVC Vehicle Solutions Ltd. This balance is included within other debtors.

At the balance sheet date an amount of £55,070 (2022: £104,575) was due to William R J Dowling. This balance is included within other creditors.

9. ULTIMATE CONTROLLING PARTY

The controlling party is W R J Dowling.

The ultimate controlling party is W R J Dowling.