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REGISTERED NUMBER: 05099374 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Go Self Drive Vehicle Solutions Ltd

Go Self Drive Vehicle Solutions Ltd (Registered number: 05099374)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Go Self Drive Vehicle Solutions Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr R G Miles





SECRETARY: Mrs D L Miles





REGISTERED OFFICE: 2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET





REGISTERED NUMBER: 05099374 (England and Wales)





ACCOUNTANTS: Accounting Solutions
2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET

Go Self Drive Vehicle Solutions Ltd (Registered number: 05099374)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,274 32,198

CURRENT ASSETS
Stocks 12,600 27,965
Debtors 5 15,251 15,183
Cash at bank 1,970 28,871
29,821 72,019
CREDITORS
Amounts falling due within one year 6 136,732 171,386
NET CURRENT LIABILITIES (106,911 ) (99,367 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(90,637

)

(67,169

)

CREDITORS
Amounts falling due after more than one
year

7

6,160

8,604
NET LIABILITIES (96,797 ) (75,773 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (96,897 ) (75,873 )
SHAREHOLDERS' FUNDS (96,797 ) (75,773 )

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

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

Go Self Drive Vehicle Solutions Ltd (Registered number: 05099374)

Balance Sheet - continued
30 April 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 24 January 2025 and were signed by:





Mr R G Miles - Director


Go Self Drive Vehicle Solutions Ltd (Registered number: 05099374)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Go Self Drive Vehicle Solutions Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Go Self Drive Vehicle Solutions Ltd (Registered number: 05099374)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 2,859 50,575 2,343 55,777
Additions 287 - - 287
Disposals - (25,233 ) - (25,233 )
At 30 April 2024 3,146 25,342 2,343 30,831
DEPRECIATION
At 1 May 2023 1,660 20,923 996 23,579
Charge for year 371 4,751 444 5,566
Eliminated on disposal - (14,588 ) - (14,588 )
At 30 April 2024 2,031 11,086 1,440 14,557
NET BOOK VALUE
At 30 April 2024 1,115 14,256 903 16,274
At 30 April 2023 1,199 29,652 1,347 32,198

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023
and 30 April 2024 12,925
DEPRECIATION
At 1 May 2023 3,231
Charge for year 2,423
At 30 April 2024 5,654
NET BOOK VALUE
At 30 April 2024 7,271
At 30 April 2023 9,694

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 532 -
Other debtors 14,719 15,183
15,251 15,183

Go Self Drive Vehicle Solutions Ltd (Registered number: 05099374)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,939 8,684
Hire purchase contracts 2,444 2,444
Trade creditors 1,188 1,558
Taxation and social security (479 ) -
Other creditors 127,640 158,700
136,732 171,386

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 6,160 8,604