Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30true2023-05-01falseNo description of principal activity22falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC593570 2023-05-01 2024-04-30 SC593570 2022-05-01 2023-04-30 SC593570 2024-04-30 SC593570 2023-04-30 SC593570 c:Director1 2023-05-01 2024-04-30 SC593570 c:Director2 2023-05-01 2024-04-30 SC593570 c:RegisteredOffice 2023-05-01 2024-04-30 SC593570 d:PlantMachinery 2023-05-01 2024-04-30 SC593570 d:PlantMachinery 2024-04-30 SC593570 d:PlantMachinery 2023-04-30 SC593570 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC593570 d:MotorVehicles 2023-05-01 2024-04-30 SC593570 d:MotorVehicles 2024-04-30 SC593570 d:MotorVehicles 2023-04-30 SC593570 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC593570 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC593570 d:CurrentFinancialInstruments 2024-04-30 SC593570 d:CurrentFinancialInstruments 2023-04-30 SC593570 d:Non-currentFinancialInstruments 2024-04-30 SC593570 d:Non-currentFinancialInstruments 2023-04-30 SC593570 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 SC593570 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 SC593570 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 SC593570 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 SC593570 d:ShareCapital 2024-04-30 SC593570 d:ShareCapital 2023-04-30 SC593570 d:RetainedEarningsAccumulatedLosses 2024-04-30 SC593570 d:RetainedEarningsAccumulatedLosses 2023-04-30 SC593570 c:OrdinaryShareClass1 2023-05-01 2024-04-30 SC593570 c:OrdinaryShareClass1 2024-04-30 SC593570 c:OrdinaryShareClass1 2023-04-30 SC593570 c:FRS102 2023-05-01 2024-04-30 SC593570 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC593570 c:FullAccounts 2023-05-01 2024-04-30 SC593570 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC593570










FW VEHICLE SOLUTIONS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

 
FW VEHICLE SOLUTIONS LIMITED
 

COMPANY INFORMATION


Directors
Mr D Forster 
Mr S D D Whyte 




Registered number
SC593570



Registered office
Old Road Garage
Kennet Village

Alloa

FK10 4DP




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
FW VEHICLE SOLUTIONS LIMITED
REGISTERED NUMBER: SC593570

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
646,471
454,767

  
646,471
454,767

Current assets
  

Debtors: amounts falling due within one year
 5 
625,960
432,730

Bank and cash balances
  
67,583
97,317

  
693,543
530,047

Creditors: amounts falling due within one year
 6 
(494,644)
(348,035)

Net current assets
  
 
 
198,899
 
 
182,012

Total assets less current liabilities
  
845,370
636,779

Creditors: amounts falling due after more than one year
 7 
(230,884)
(177,811)

  

Net assets
  
614,486
458,968


Capital and reserves
  

Called up share capital 
 8 
200
200

Profit and loss account
  
614,286
458,768

  
614,486
458,968


Page 1

 
FW VEHICLE SOLUTIONS LIMITED
REGISTERED NUMBER: SC593570

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 November 2024.



Mr S D D Whyte
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
FW VEHICLE SOLUTIONS LIMITED
 

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

1.


General information

FW Vehicle Solutions Limited is a private company limited by shares incorporated in Scotland with company number SC593570. The registered office is Old Road Garage, Kennet Village, Alloa, FK10 4DP.
The financial statements are presented in Sterling, which is the functional currency of the company, and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
FW VEHICLE SOLUTIONS LIMITED
 

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

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and equipment
-
10%
Motor vehicles
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
FW VEHICLE SOLUTIONS LIMITED
 

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

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Plant and equipment
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 May 2023
3,325
614,198
617,523


Additions
2,615
376,374
378,989


Disposals
-
(100,744)
(100,744)



At 30 April 2024

5,940
889,828
895,768



Depreciation


At 1 May 2023
1,487
161,269
162,756


Charge for the year on owned assets
563
150,744
151,307


Disposals
-
(64,766)
(64,766)



At 30 April 2024

2,050
247,247
249,297



Net book value



At 30 April 2024
3,890
642,581
646,471



At 30 April 2023
1,838
452,929
454,767

Page 5

 
FW VEHICLE SOLUTIONS LIMITED
 

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

5.


Debtors

2024
2023
£
£


Trade debtors
537,707
375,512

Other debtors
51,419
46,902

Prepayments and accrued income
6,144
-

Deferred taxation
30,690
10,316

625,960
432,730



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
543
764

Amounts owed to group undertakings
50,000
-

Other taxation and social security
166,571
91,947

Obligations under finance lease and hire purchase contracts
168,820
146,183

Other creditors
96,310
96,310

Accruals and deferred income
2,400
2,831

494,644
348,035


Finance lease and hire purchase contracts are secured by the assets to which they relate.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
12,500
22,500

Net obligations under finance leases and hire purchase contracts
218,384
155,311

230,884
177,811


Finance lease and hire purchase contracts are secured by the assets to which they relate.

Page 6

 
FW VEHICLE SOLUTIONS LIMITED
 

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

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



200 (2023 - 200) Ordinary shares of £1.00 each
200
200



Page 7