1 August 2023 v2024.48.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP142574082023-08-012024-07-31142574082024-07-31142574082023-07-3114257408core:WithinOneYear2024-07-3114257408core:WithinOneYear2023-07-3114257408core:ShareCapital2024-07-3114257408core:ShareCapital2023-07-3114257408core:RetainedEarningsAccumulatedLosses2024-07-3114257408core:RetainedEarningsAccumulatedLosses2023-07-3114257408bus:Director12023-08-012024-07-3114257408bus:RegisteredOffice2023-08-012024-07-3114257408core:OfficeEquipment2023-08-012024-07-3114257408core:MotorVehicles2023-08-012024-07-31142574082022-07-262023-07-3114257408core:PlantMachinery2023-08-0114257408core:PlantMachinery2023-08-012024-07-3114257408core:PlantMachinery2024-07-3114257408core:PlantMachinery2023-07-311425740812023-08-012024-07-3114257408countries:EnglandWales2023-08-012024-07-3114257408bus:AuditExemptWithAccountantsReport2023-08-012024-07-3114257408bus:PrivateLimitedCompanyLtd2023-08-012024-07-3114257408bus:SmallEntities2023-08-012024-07-3114257408bus:FullAccounts2023-08-012024-07-31
Company registration number:
14257408
Specialist Vehicle Purchasing Ltd
Unaudited Filleted Financial Statements for the year ended
31 July 2024
Specialist Vehicle Purchasing Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Specialist Vehicle Purchasing Ltd
Year ended
31 July 2024
As described on the statement of financial position, the Board of Directors of
Specialist Vehicle Purchasing Ltd
are responsible for the preparation of the
financial statements
for the year ended
31 July 2024
, which comprise the income statement, statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Proper Job Consultants Ltd
Chartered Accountants
9 Alwoodley Lane
Leeds
LS17 7PU
England
Date:
9 October 2024
Specialist Vehicle Purchasing Ltd
Statement of Financial Position
31 July 2024
20242023
Note££
Fixed assets    
Tangible assets 5
41,245
 
21,146
 
Current assets    
Debtors 6
158,152
 
23,544
 
Cash at bank and in hand
251,536
 
191,004
 
409,688
 
214,548
 
Creditors: amounts falling due within one year 7
(110,933
)
(56,800
)
Net current assets
298,755
 
157,748
 
Total assets less current liabilities 340,000   178,894  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
339,900
 
178,794
 
Shareholders funds
340,000
 
178,894
 
For the year ending
31 July 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
9 October 2024
, and are signed on behalf of the board by:
W Harrison
Director
Company registration number:
14257408
Specialist Vehicle Purchasing Ltd
Notes to the Financial Statements
Year ended
31 July 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
7 Castle Lodge Way
,
Rothwell
,
Leeds
,
LS26 0ZH
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
20% Reducing Balance
Motor vehicles
20% Reducing Balance

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2023:
1.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 August 2023
21,550
 
Additions
24,758
 
At
31 July 2024
46,308
 
Depreciation  
At
1 August 2023
404
 
Charge
4,659
 
At
31 July 2024
5,063
 
Carrying amount  
At
31 July 2024
41,245
 
At 31 July 2023
21,146
 

6 Debtors

20242023
££
Trade debtors
158,152
 
23,544
 

7 Creditors: amounts falling due within one year

20242023
££
Taxation and social security
110,555
 
56,419
 
Other creditors
378
 
381
 
110,933
 
56,800