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REGISTERED NUMBER: 02005904 (England and Wales)



















COMMERCIAL VEHICLE SALES (TOTTENHAM)
LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






COMMERCIAL VEHICLE SALES (TOTTENHAM)
LIMITED (REGISTERED NUMBER: 02005904)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


COMMERCIAL VEHICLE SALES (TOTTENHAM)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr R A Frost
Mr J P Frost





SECRETARY: Mr J Frost





REGISTERED OFFICE: 94 Stamford Hill
London
N16 6XS





REGISTERED NUMBER: 02005904 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS

COMMERCIAL VEHICLE SALES (TOTTENHAM)
LIMITED (REGISTERED NUMBER: 02005904)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,640,822 1,849,546
Investments 6 1,851,607 1,857,801
3,492,429 3,707,347

CURRENT ASSETS
Stocks 7 305,200 426,586
Debtors 8 307,922 91,645
Cash at bank and in hand 190,624 324,825
803,746 843,056
CREDITORS
Amounts falling due within one year 9 539,761 501,716
NET CURRENT ASSETS 263,985 341,340
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,756,414

4,048,687

CREDITORS
Amounts falling due after more than one
year

10

(770,198

)

(960,495

)

PROVISIONS FOR LIABILITIES 11 (280,669 ) (227,529 )
NET ASSETS 2,705,547 2,860,663

CAPITAL AND RESERVES
Called up share capital 102 102
Fair value reserve 303,405 303,405
Retained earnings 2,402,040 2,557,156
SHAREHOLDERS' FUNDS 2,705,547 2,860,663

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

COMMERCIAL VEHICLE SALES (TOTTENHAM)
LIMITED (REGISTERED NUMBER: 02005904)

BALANCE SHEET - continued
30 APRIL 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 25 September 2024 and were signed on its behalf by:





Mr J P Frost - Director


COMMERCIAL VEHICLE SALES (TOTTENHAM)
LIMITED (REGISTERED NUMBER: 02005904)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Commercial Vehicle Sales (Tottenham) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Commercial Vehicle Sales (Tottenham) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 the cost less estimated residual value of each asset over its estimated useful life.
Long leasehold - in accordance with the property
Plant and machinery - 10% on cost
Motor vehicles - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 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.


COMMERCIAL VEHICLE SALES (TOTTENHAM)
LIMITED (REGISTERED NUMBER: 02005904)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 14 ) .

5. TANGIBLE FIXED ASSETS
Freehold Long Plant and Motor
property leasehold machinery vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 May 2023 130,889 420,000 59,517 1,753,185 2,363,591
Additions - - 8,680 631,956 640,636
Disposals - - - (557,483 ) (557,483 )
At 30 April 2024 130,889 420,000 68,197 1,827,658 2,446,744
DEPRECIATION
At 1 May 2023 8,730 - 12,796 492,519 514,045
Charge for year 8,731 16,800 5,295 365,531 396,357
Eliminated on disposal - - - (104,480 ) (104,480 )
At 30 April 2024 17,461 16,800 18,091 753,570 805,922
NET BOOK VALUE
At 30 April 2024 113,428 403,200 50,106 1,074,088 1,640,822
At 30 April 2023 122,159 420,000 46,721 1,260,666 1,849,546

Cost or valuation at 30 April 2024 is represented by:

Freehold Long Plant and Motor
property leasehold machinery vehicles Totals
£    £    £    £    £   
Valuation in 2023 - 293,933 - - 293,933
Cost 130,889 126,067 68,197 1,827,658 2,152,811
130,889 420,000 68,197 1,827,658 2,446,744

COMMERCIAL VEHICLE SALES (TOTTENHAM)
LIMITED (REGISTERED NUMBER: 02005904)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS - continued

If long leasehold properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 126,067 126,067
Aggregate depreciation 38,181 33,138

Long leasehold properties were valued on an open market basis on 30 April 2023 by the directors .

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023 1,857,801
Additions (6,194 )
At 30 April 2024 1,851,607
NET BOOK VALUE
At 30 April 2024 1,851,607
At 30 April 2023 1,857,801

This represents the whole of the share capital of its subsidiary H & H Van Hire Limited, a company incorporated in the United Kingdom, which was acquired on 28 April 2023 .

7. STOCKS
2024 2023
£    £   
Stocks 305,200 426,586

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,416 28,212
Amounts owed by group undertakings 194,679 19,679
Other debtors 95,827 43,754
307,922 91,645

COMMERCIAL VEHICLE SALES (TOTTENHAM)
LIMITED (REGISTERED NUMBER: 02005904)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 313,262 255,424
Trade creditors 65,883 90,832
Taxation and social security 121,861 74,998
Other creditors 38,755 80,462
539,761 501,716

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 770,198 960,495

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 280,669 227,529

Deferred
tax
£   
Balance at 1 May 2023 227,529
Charge to Profit and Loss Account during year 53,140
Balance at 30 April 2024 280,669

The provision for deferred tax is in respect of accelerated capital allowances.