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REGISTERED NUMBER: 12293070 (England and Wales)











YORKSHIRE VEHICLE SOLUTIONS HARROGATE
LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024






YORKSHIRE VEHICLE SOLUTIONS HARROGATE
LTD (REGISTERED NUMBER: 12293070)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


YORKSHIRE VEHICLE SOLUTIONS HARROGATE
LTD

COMPANY INFORMATION
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024







DIRECTOR: M C Scaife





REGISTERED OFFICE: Yorkshire Vehicle Solutions Harrogate
Wetherby Road
Harrogate
HG3 1DE





REGISTERED NUMBER: 12293070 (England and Wales)





ACCOUNTANTS: UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW

YORKSHIRE VEHICLE SOLUTIONS HARROGATE
LTD (REGISTERED NUMBER: 12293070)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,232 23,855

CURRENT ASSETS
Stocks 1,062,225 1,003,962
Debtors 42,808 16,856
Cash at bank 327,540 267,380
1,432,573 1,288,198
CREDITORS
Amounts falling due within one year 896,122 839,854
NET CURRENT ASSETS 536,451 448,344
TOTAL ASSETS LESS CURRENT LIABILITIES 553,683 472,199

CREDITORS
Amounts falling due after more than one
year

(13,333

)

(25,000

)

PROVISIONS FOR LIABILITIES (1,061 ) (2,889 )
NET ASSETS 539,289 444,310

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 539,288 444,309
539,289 444,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

YORKSHIRE VEHICLE SOLUTIONS HARROGATE
LTD (REGISTERED NUMBER: 12293070)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2024 and were signed by:





M C Scaife - Director


YORKSHIRE VEHICLE SOLUTIONS HARROGATE
LTD (REGISTERED NUMBER: 12293070)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Yorkshire Vehicle Solutions Harrogate 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.

The financial statements cover the period 1 December 2022 to 31 March 2024. The comparative period was 1 December 2021 to 30 November 2022, therefore the comparative figures presented in these accounts are not entirely comparable with the current period.

Turnover
Turnover is in respect of motor vehicle sales, and 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 each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

YORKSHIRE VEHICLE SOLUTIONS HARROGATE
LTD (REGISTERED NUMBER: 12293070)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022
and 31 March 2024 30,724
DEPRECIATION
At 1 December 2022 6,869
Charge for period 6,623
At 31 March 2024 13,492
NET BOOK VALUE
At 31 March 2024 17,232
At 30 November 2022 23,855

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2022
£    £   
Within one year 58,500 78,000
Between one and five years - 58,500
58,500 136,500

YORKSHIRE VEHICLE SOLUTIONS HARROGATE
LTD (REGISTERED NUMBER: 12293070)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024


6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2022
£    £   
Stocking loan 525,099 464,008

The stocking loans are secured on the vehicle stock.

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2024 and the year ended 30 November 2022:

2024 2022
£    £   
M C Scaife
Balance outstanding at start of period - -
Amounts advanced 8,601 -
Amounts repaid (7,800 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 801 -

This balance is interest free and repayable on demand.