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REGISTERED NUMBER: 12772550 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 March 2024

for

A S Vehicle Extras Ltd

A S Vehicle Extras Ltd (Registered number: 12772550)






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


A S Vehicle Extras Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: A K Hill





REGISTERED OFFICE: Unit 40, Wombourne Enterprise Park
Bridgnorth Road
Wombourne
Wolverhampton
West Midlands
WV5 0AL





REGISTERED NUMBER: 12772550 (England and Wales)





ACCOUNTANTS: Thorne Widgery Accountancy Ltd
Chartered Accountants
2 Wyevale Business Park
Kings Acre
Hereford
Herefordshire
HR4 7BS

A S Vehicle Extras Ltd (Registered number: 12772550)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 33,792 14,634

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 5 25,238 55,083
Cash at bank 145,051 82,211
172,289 139,294
CREDITORS
Amounts falling due within one year 6 (130,751 ) (103,810 )
NET CURRENT ASSETS 41,538 35,484
TOTAL ASSETS LESS CURRENT LIABILITIES 75,330 50,118

PROVISIONS FOR LIABILITIES (8,448 ) (2,461 )
NET ASSETS 66,882 47,657

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 66,881 47,656
66,882 47,657

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 3 September 2024 and were signed by:




A K Hill - Director


A S Vehicle Extras Ltd (Registered number: 12772550)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

A S Vehicle Extras 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.

The presentation currency of the financial statements is the 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.

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.
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 30% 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 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

A S Vehicle Extras Ltd (Registered number: 12772550)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 1,763 3,718 17,400 837 23,718
Additions 242 - 29,479 - 29,721
At 31 March 2024 2,005 3,718 46,879 837 53,439
DEPRECIATION
At 1 April 2023 353 383 7,921 427 9,084
Charge for year 330 371 9,739 123 10,563
At 31 March 2024 683 754 17,660 550 19,647
NET BOOK VALUE
At 31 March 2024 1,322 2,964 29,219 287 33,792
At 31 March 2023 1,410 3,335 9,479 410 14,634

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 19,587 49,826
Other debtors 5,651 5,257
25,238 55,083

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 20,470 22,536
Other creditors 110,281 81,274
130,751 103,810