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REGISTERED NUMBER: 12719420 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Lydiard Vehicle Preparation Services Ltd

Lydiard Vehicle Preparation Services Ltd (Registered number: 12719420)






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


Lydiard Vehicle Preparation Services Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr P J Burch
Mrs C L Burch





REGISTERED OFFICE: Northfield House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4UA





BUSINESS ADDRESS: Unit 4 Lydiard Service Station
The Street
Lydiard Millicent
Wiltshire
SN5 3LU





REGISTERED NUMBER: 12719420 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

Lydiard Vehicle Preparation Services Ltd (Registered number: 12719420)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 4 733 605
Cash at bank 278 917
1,011 1,522
CREDITORS
Amounts falling due within one year 5 720 739
NET CURRENT ASSETS 291 783
TOTAL ASSETS LESS CURRENT
LIABILITIES

291

783

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 191 683
SHAREHOLDERS' FUNDS 291 783

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 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.

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 Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





Mr P J Burch - Director


Lydiard Vehicle Preparation Services Ltd (Registered number: 12719420)

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

1. STATUTORY INFORMATION

Lydiard Vehicle Preparation Services 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Directors' current accounts 654 605
Corporation tax 79 -
733 605

Lydiard Vehicle Preparation Services Ltd (Registered number: 12719420)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Corporation tax - 79
Accrued expenses 720 660
720 739

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
50 Ordinary A £1.00 50 50
50 Ordinary B £1 50 50
100 100

7. RESERVES
Retained
earnings
£   

At 1 April 2023 683
Deficit for the year (492 )
At 31 March 2024 191

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr P J Burch
Balance outstanding at start of year 605 914
Amounts advanced 49 -
Amounts repaid - (309 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 654 605

No interest was charged on Mr Burch's account at any point during the year.

9. ULTIMATE CONTROLLING PARTY

Mr P J Burch is the ultimate controlling party by virtue of his holding all of the company's issued, voting share capital.