2023-01-012023-12-312023-12-31false04320811ALAN SKUSE CAR, VAN AND TRUCK PARTS LTD2024-09-18iso4217:GBPxbrli:pure043208112023-01-01043208112023-12-31043208112023-01-012023-12-31043208112022-01-01043208112022-12-31043208112022-01-012022-12-3104320811bus:SmallEntities2023-01-012023-12-3104320811bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3104320811bus:AbridgedAccounts2023-01-012023-12-3104320811bus:PrivateLimitedCompanyLtd2023-01-012023-12-3104320811core:WithinOneYear2023-12-3104320811core:AfterOneYear2023-12-3104320811core:WithinOneYear2022-12-3104320811core:AfterOneYear2022-12-3104320811core:ShareCapital2023-12-3104320811core:SharePremium2023-12-3104320811core:RevaluationReserve2023-12-3104320811core:OtherReservesSubtotal2023-12-3104320811core:RetainedEarningsAccumulatedLosses2023-12-3104320811core:ShareCapital2022-12-3104320811core:SharePremium2022-12-3104320811core:RevaluationReserve2022-12-3104320811core:OtherReservesSubtotal2022-12-3104320811core:RetainedEarningsAccumulatedLosses2022-12-3104320811core:LandBuildings2023-12-3104320811core:PlantMachinery2023-12-3104320811core:Vehicles2023-12-3104320811core:FurnitureFittings2023-12-3104320811core:OfficeEquipment2023-12-3104320811core:NetGoodwill2023-12-3104320811core:IntangibleAssetsOtherThanGoodwill2023-12-3104320811core:ListedExchangeTraded2023-12-3104320811core:UnlistedNon-exchangeTraded2023-12-3104320811core:LandBuildings2022-12-3104320811core:PlantMachinery2022-12-3104320811core:Vehicles2022-12-3104320811core:FurnitureFittings2022-12-3104320811core:OfficeEquipment2022-12-3104320811core:NetGoodwill2022-12-3104320811core:IntangibleAssetsOtherThanGoodwill2022-12-3104320811core:ListedExchangeTraded2022-12-3104320811core:UnlistedNon-exchangeTraded2022-12-3104320811core:LandBuildings2023-01-012023-12-3104320811core:PlantMachinery2023-01-012023-12-3104320811core:Vehicles2023-01-012023-12-3104320811core:FurnitureFittings2023-01-012023-12-3104320811core:OfficeEquipment2023-01-012023-12-3104320811core:NetGoodwill2023-01-012023-12-3104320811core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3104320811core:ListedExchangeTraded2023-01-012023-12-3104320811core:UnlistedNon-exchangeTraded2023-01-012023-12-3104320811core:MoreThanFiveYears2023-01-012023-12-3104320811core:Non-currentFinancialInstruments2023-12-3104320811core:Non-currentFinancialInstruments2022-12-3104320811dpl:CostSales2023-01-012023-12-3104320811dpl:DistributionCosts2023-01-012023-12-3104320811core:LandBuildings2023-01-012023-12-3104320811core:PlantMachinery2023-01-012023-12-3104320811core:Vehicles2023-01-012023-12-3104320811core:FurnitureFittings2023-01-012023-12-3104320811core:OfficeEquipment2023-01-012023-12-3104320811dpl:AdministrativeExpenses2023-01-012023-12-3104320811core:NetGoodwill2023-01-012023-12-3104320811core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3104320811dpl:GroupUndertakings2023-01-012023-12-3104320811dpl:ParticipatingInterests2023-01-012023-12-3104320811dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3104320811core:ListedExchangeTraded2023-01-012023-12-3104320811dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3104320811core:UnlistedNon-exchangeTraded2023-01-012023-12-3104320811dpl:CostSales2022-01-012022-12-3104320811dpl:DistributionCosts2022-01-012022-12-3104320811core:LandBuildings2022-01-012022-12-3104320811core:PlantMachinery2022-01-012022-12-3104320811core:Vehicles2022-01-012022-12-3104320811core:FurnitureFittings2022-01-012022-12-3104320811core:OfficeEquipment2022-01-012022-12-3104320811dpl:AdministrativeExpenses2022-01-012022-12-3104320811core:NetGoodwill2022-01-012022-12-3104320811core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3104320811dpl:GroupUndertakings2022-01-012022-12-3104320811dpl:ParticipatingInterests2022-01-012022-12-3104320811dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3104320811core:ListedExchangeTraded2022-01-012022-12-3104320811dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3104320811core:UnlistedNon-exchangeTraded2022-01-012022-12-3104320811core:NetGoodwill2023-12-3104320811core:IntangibleAssetsOtherThanGoodwill2023-12-3104320811core:LandBuildings2023-12-3104320811core:PlantMachinery2023-12-3104320811core:Vehicles2023-12-3104320811core:FurnitureFittings2023-12-3104320811core:OfficeEquipment2023-12-3104320811core:AfterOneYear2023-12-3104320811core:WithinOneYear2023-12-3104320811core:ListedExchangeTraded2023-12-3104320811core:UnlistedNon-exchangeTraded2023-12-3104320811core:ShareCapital2023-12-3104320811core:SharePremium2023-12-3104320811core:RevaluationReserve2023-12-3104320811core:OtherReservesSubtotal2023-12-3104320811core:RetainedEarningsAccumulatedLosses2023-12-3104320811core:NetGoodwill2022-12-3104320811core:IntangibleAssetsOtherThanGoodwill2022-12-3104320811core:LandBuildings2022-12-3104320811core:PlantMachinery2022-12-3104320811core:Vehicles2022-12-3104320811core:FurnitureFittings2022-12-3104320811core:OfficeEquipment2022-12-3104320811core:AfterOneYear2022-12-3104320811core:WithinOneYear2022-12-3104320811core:ListedExch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ALAN SKUSE CAR, VAN AND TRUCK PARTS LTD

Registered Number
04320811
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

ALAN SKUSE CAR, VAN AND TRUCK PARTS LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

SKUSE, Matthew
SKUSE, Trina Margaret

Company Secretary

SKUSE, Trina Margaret

Registered Address

41 Houndiscombe Road
Mutley
Plymouth
PL4 6EX

Registered Number

04320811 (England and Wales)
ALAN SKUSE CAR, VAN AND TRUCK PARTS LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets41,415,7181,253,228
1,415,7181,253,228
Current assets
Stocks51,213,0921,210,099
Debtors6623,318556,142
Cash at bank and on hand424,676303,036
2,261,0862,069,277
Creditors amounts falling due within one year7(1,610,722)(1,584,856)
Net current assets (liabilities)650,364484,421
Total assets less current liabilities2,066,0821,737,649
Creditors amounts falling due after one year8(287,636)(279,402)
Provisions for liabilities10(264,440)(236,389)
Net assets1,514,0061,221,858
Capital and reserves
Called up share capital100100
Profit and loss account1,513,9061,221,758
Shareholders' funds1,514,0061,221,858
The financial statements were approved and authorised for issue by the Board of Directors on 18 September 2024, and are signed on its behalf by:
SKUSE, Matthew
Director
Registered Company No. 04320811
ALAN SKUSE CAR, VAN AND TRUCK PARTS LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Land and buildings10
Plant and machinery25
Fixtures and fittings25
Vehicles25
Office Equipment25
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20232022
Average number of employees during the year3331
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 231,885,693
Additions404,110
Disposals(24,217)
At 31 December 232,265,585
Depreciation and impairment
At 01 January 23632,465
Charge for year225,207
On disposals(7,804)
At 31 December 23849,867
Net book value
At 31 December 231,415,718
At 31 December 221,253,228
5.Stocks

2023

2022

££
Payments on account, stocks1,213,0921,210,099
Total1,213,0921,210,099
6.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables598,684538,539
Prepayments and accrued income24,63417,603
Total623,318556,142
7.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables1,028,6511,012,468
Bank borrowings and overdrafts12,51210,648
Taxation and social security159,603155,754
Finance lease and HP contracts68,51336,998
Other creditors333,615364,890
Accrued liabilities and deferred income7,8284,098
Total1,610,7221,584,856
8.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts209,030232,770
Other creditors78,60646,632
Total287,636279,402
9.Obligations under finance leases

2023

2022

££
Finance lease and HP contracts78,60646,632
10.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)264,440236,389
Total264,440236,389
11.Pension commitments
The company operates a defined contribution pension scheme for the directors and senior employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £5,963.18 (2022 - £5,426.09) were due to the fund. They are included in other creditors.
12.Controlling party
The company is controlled by the directors.