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REGISTERED NUMBER: 06269144 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

VALLEY CARS FLINTSHIRE LIMITED

VALLEY CARS FLINTSHIRE LIMITED (REGISTERED NUMBER: 06269144)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VALLEY CARS FLINTSHIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: D T Hill





SECRETARY: Miss J J Hill





REGISTERED OFFICE: Boot Garage
Bagillt Road
BAGILLT
Flintshire
CH6 6JB





REGISTERED NUMBER: 06269144 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

VALLEY CARS FLINTSHIRE LIMITED (REGISTERED NUMBER: 06269144)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 52,876 42,799
52,876 42,799

CURRENT ASSETS
Debtors 6 12,982 19,415
Cash at bank 9,063 6,610
22,045 26,025
CREDITORS
Amounts falling due within one year 7 73,569 45,934
NET CURRENT LIABILITIES (51,524 ) (19,909 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,352

22,890

PROVISIONS FOR LIABILITIES - 2,198
NET ASSETS 1,352 20,692

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings 1,348 20,688
SHAREHOLDERS' FUNDS 1,352 20,692

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

VALLEY CARS FLINTSHIRE LIMITED (REGISTERED NUMBER: 06269144)

BALANCE SHEET - continued
30 JUNE 2024


The 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.

The financial statements were approved by the director and authorised for issue on 29 October 2024 and were signed by:





D T Hill - Director


VALLEY CARS FLINTSHIRE LIMITED (REGISTERED NUMBER: 06269144)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Valley Cars Flintshire Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 have been prepared on a going concern basis which assumes the continued support of the director.

Turnover and expenditure
Turnover represents net invoiced sales of taxi and private hire services, excluding value added tax. With effect from 1 April 2014 the company started using the Flat Rate VAT scheme, as a result, the turnover represents invoiced sales less the flat rate VAT liability and expenses are recorded gross of VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in July 2007, is now fully amortised having been written off over its estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 50% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

VALLEY CARS FLINTSHIRE LIMITED (REGISTERED NUMBER: 06269144)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 5,000
AMORTISATION
At 1 July 2023
and 30 June 2024 5,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Office and Motor Computer
equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 6,080 5,734 69,136 2,585 83,535
Additions 42 - 33,000 - 33,042
Disposals - - (9,650 ) - (9,650 )
At 30 June 2024 6,122 5,734 92,486 2,585 106,927
DEPRECIATION
At 1 July 2023 5,392 5,121 27,909 2,314 40,736
Charge for year 144 92 17,400 134 17,770
Eliminated on disposal - - (4,455 ) - (4,455 )
At 30 June 2024 5,536 5,213 40,854 2,448 54,051
NET BOOK VALUE
At 30 June 2024 586 521 51,632 137 52,876
At 30 June 2023 688 613 41,227 271 42,799


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,856 16,496
Tax 13 2,019
Prepayments 1,113 900
12,982 19,415

VALLEY CARS FLINTSHIRE LIMITED (REGISTERED NUMBER: 06269144)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,092 8,110
Social security and other taxes 4,381 5,715
Director's current account 63,096 32,109
73,569 45,934

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 648 648
Between one and five years 54 702
702 1,350

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4 Ordinary £1 4 4