Company Registration No. 05470208 (England and Wales)
SPECIALISED VEHICLE SERVICES LIMITED
Unaudited accounts
for the year ended 31 March 2024
SPECIALISED VEHICLE SERVICES LIMITED
Unaudited accounts
Contents
SPECIALISED VEHICLE SERVICES LIMITED
Company Information
for the year ended 31 March 2024
Company Number
05470208 (England and Wales)
Registered Office
Unit 86 Condor Close
Woolsbridge Industrial Estate
Three Legged Cross
Wimborne
Dorset
BH21 6SU
England
Accountants
N L Accounting (South West) Ltd
Unit 7, Town Farm Workshops
Sixpenny Handley
Salisbury
Wiltshire
SP5 5PA
SPECIALISED VEHICLE SERVICES LIMITED
Statement of financial position
as at 31 March 2024
Intangible assets
4,500
6,000
Tangible assets
23,044
10,537
Cash at bank and in hand
26,778
48,975
Creditors: amounts falling due within one year
(105,964)
(89,428)
Net current assets
12,942
62,690
Called up share capital
2
2
Profit and loss account
40,484
79,225
Shareholders' funds
40,486
79,227
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 22 October 2024 and were signed on its behalf by
George Box
Director
Company Registration No. 05470208
SPECIALISED VEHICLE SERVICES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
SPECIALISED VEHICLE SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05470208. The registered office is Unit 86 Condor Close, Woolsbridge Industrial Estate, Three Legged Cross, Wimborne, Dorset, BH21 6SU, 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.
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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
25% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
25% Reducing balance
SPECIALISED VEHICLE SERVICES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
36,759
21,505
-
58,264
Additions
15,643
-
335
15,978
At 31 March 2024
52,402
21,505
335
74,242
At 1 April 2023
27,972
19,755
-
47,727
Charge for the year
2,824
583
64
3,471
At 31 March 2024
30,796
20,338
64
51,198
At 31 March 2024
21,606
1,167
271
23,044
At 31 March 2023
8,787
1,750
-
10,537
Amounts falling due within one year
Trade debtors
16,128
20,430
Amounts due from group undertakings etc.
73,000
-
Accrued income and prepayments
-
3,213
Amounts falling due after more than one year
Amounts due from group undertakings etc.
-
73,000
SPECIALISED VEHICLE SERVICES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
39,085
30,582
Taxes and social security
6,050
9,990
Loans from directors
48,667
37,516
8
Average number of employees
During the year the average number of employees was 6 (2023: 6).