Company Registration No. 3176676 (England and Wales)
HMG Vehicle Services Ltd
Unaudited accounts
for the year ended 31 March 2024
HMG Vehicle Services Ltd
Unaudited accounts
Contents
HMG Vehicle Services Ltd
Company Information
for the year ended 31 March 2024
Director
Michael Jonathan Roots
Secretary
Michael Jonathan Roots
Company Number
3176676 (England and Wales)
Registered Office
741 Main Road
Harwich
Essex
CO12 4LZ
England
Accountants
Accounting Solutions Anglia Ltd
13 Cornflower Road
Jaywick Sands
Clacton on Sea
Essex
CO15 2RZ
HMG Vehicle Services Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
42,252
34,297
Cash at bank and in hand
22,588
45,685
Creditors: amounts falling due within one year
(96,446)
(82,801)
Net current liabilities
(19,946)
(4,904)
Total assets less current liabilities
22,306
31,893
Creditors: amounts falling due after more than one year
(21,744)
(17,697)
Called up share capital
100
100
Profit and loss account
462
14,096
Shareholders' funds
562
14,196
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 November 2024 and were signed on its behalf by
Michael Jonathan Roots
Director
Company Registration No. 3176676
HMG Vehicle Services Ltd
Notes to the Accounts
for the year ended 31 March 2024
HMG Vehicle Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 3176676. The registered office is 741 Main Road, Harwich, Essex, CO12 4LZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
33.3% on Cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Goodwill
HMG Vehicle Services Ltd
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
82,559
3,145
270
555
86,529
Additions
-
16,599
-
1,252
17,851
At 31 March 2024
82,559
19,744
270
1,807
104,380
At 1 April 2023
50,079
1,641
142
370
52,232
Charge for the year
4,872
4,526
19
479
9,896
At 31 March 2024
54,951
6,167
161
849
62,128
At 31 March 2024
27,608
13,577
109
958
42,252
At 31 March 2023
32,480
1,504
128
185
34,297
Amounts falling due within one year
Accrued income and prepayments
17,220
2,220
Amounts falling due after more than one year
Amounts due from group undertakings etc.
27,000
27,000
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,271
3,429
Trade creditors
13,335
19,880
Taxes and social security
10,030
7,322
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 7 (2023: 7).