Saville Carriage Company Limited 03025902 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is sale of used motor vehicles. Digita Accounts Production Advanced 6.30.9574.0 true 03025902 2023-01-01 2023-12-31 03025902 2023-12-31 03025902 bus:Director1 1 2023-12-31 03025902 bus:Director2 1 2023-12-31 03025902 core:CurrentFinancialInstruments 2023-12-31 03025902 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03025902 bus:SmallEntities 2023-01-01 2023-12-31 03025902 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03025902 bus:FilletedAccounts 2023-01-01 2023-12-31 03025902 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03025902 bus:RegisteredOffice 2023-01-01 2023-12-31 03025902 bus:Director1 2023-01-01 2023-12-31 03025902 bus:Director1 1 2023-01-01 2023-12-31 03025902 bus:Director2 2023-01-01 2023-12-31 03025902 bus:Director2 1 2023-01-01 2023-12-31 03025902 bus:Director3 2023-01-01 2023-12-31 03025902 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03025902 countries:England 2023-01-01 2023-12-31 03025902 bus:Director1 1 2022-12-31 03025902 bus:Director2 1 2022-12-31 03025902 2022-01-01 2022-12-31 03025902 2022-12-31 03025902 bus:Director1 1 2022-12-31 03025902 bus:Director2 1 2022-12-31 03025902 core:CurrentFinancialInstruments 2022-12-31 03025902 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 03025902 bus:Director1 1 2022-01-01 2022-12-31 03025902 bus:Director2 1 2022-01-01 2022-12-31 03025902 bus:Director1 1 2021-12-31 03025902 bus:Director2 1 2021-12-31 iso4217:GBP xbrli:pure

Registration number: 03025902

Saville Carriage Company Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Saville Carriage Company Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Saville Carriage Company Limited

Company Information

Directors

JJ Sword

PC Sword

Mrs CE Sword

Registered office

St. Edmunds
Sandy Lane Road, Charlton Kings
Cheltenham
Gloucestershire
GL53 9DA

Accountants

Boon and Worth Limited
Suite A4, Skylon Court
Coldnose Road
Rotherwas
Hereford
HR2 6JS

 

Saville Carriage Company Limited

(Registration number: 03025902)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Stocks

4

131,702

107,402

Debtors

5

64,141

132,470

Cash at bank and in hand

 

292,481

440,654

 

488,324

680,526

Creditors: Amounts falling due within one year

6

(138,647)

(181,991)

Net assets

 

349,677

498,535

Capital and reserves

 

Called up share capital

100,000

100,000

Retained earnings

249,677

398,535

Shareholders' funds

 

349,677

498,535

 

Saville Carriage Company Limited

(Registration number: 03025902)
Balance Sheet as at 31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 September 2024 and signed on its behalf by:
 

.........................................
JJ Sword
Director

 

Saville Carriage Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
St. Edmunds
Sandy Lane Road, Charlton Kings
Cheltenham
Gloucestershire
GL53 9DA

These financial statements were authorised for issue by the Board on 24 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Saville Carriage Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

4

Stocks

2023
£

2022
£

Raw materials and consumables

101,502

77,202

Other inventories

30,200

30,200

131,702

107,402

 

Saville Carriage Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Debtors

Current

2023
£

2022
£

Prepayments

3,886

-

Other debtors

60,255

132,470

 

64,141

132,470

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

26,523

98,556

Accruals and deferred income

1,500

1,500

Other creditors

110,624

81,935

138,647

181,991

7

Related party transactions

Transactions with directors

2023

At 1 January 2023
£

Advances to director
£

Repayments by director
£

At 31 December 2023
£

JJ Sword

JJ & Mrs C Sword

(54,613)

277,469

(256,158)

(33,301)

PC Sword

PC Sword

(27,322)

-

(50,000)

(77,322)

2022

At 1 January 2022
£

Advances to director
£

Repayments by director
£

At 31 December 2022
£

JJ Sword

JJ & Mrs C Sword

492,056

51,366

(598,035)

(54,613)

PC Sword

PC Sword

(1,822)

-

(25,500)

(27,322)