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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
Page
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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
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HMG Vehicle Services Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
2,500 
Tangible assets
42,252 
34,297 
42,252 
36,797 
Current assets
Inventories
500 
500 
Debtors
53,412 
31,712 
Cash at bank and in hand
22,588 
45,685 
76,500 
77,897 
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)
Net assets
562 
14,196 
Capital and reserves
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
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HMG Vehicle Services Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
50,000 
At 31 March 2024
50,000 
Amortisation
At 1 April 2023
47,500 
Charge for the year
2,500 
At 31 March 2024
50,000 
Net book value
At 31 March 2024
- 
At 31 March 2023
2,500 
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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 
Depreciation
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 
Net book value
At 31 March 2024
27,608 
13,577 
109 
958 
42,252 
At 31 March 2023
32,480 
1,504 
128 
185 
34,297 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,056 
2,392 
Accrued income and prepayments
17,220 
2,220 
Other debtors
30 
100 
23,306 
4,712 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
27,000 
27,000 
Other debtors
3,106 
- 
30,106 
27,000 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,271 
3,429 
VAT
13,810 
12,170 
Trade creditors
13,335 
19,880 
Taxes and social security
10,030 
7,322 
Accruals
55,000 
40,000 
96,446 
82,801 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
21,744 
17,697 
9
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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