Trade Van Gear Limited 14130798 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is the retail sale of motor parts and accessories. Digita Accounts Production Advanced 6.30.9574.0 true true 14130798 2023-05-01 2024-04-30 14130798 2024-04-30 14130798 core:RetainedEarningsAccumulatedLosses 2024-04-30 14130798 core:ShareCapital 2024-04-30 14130798 core:CurrentFinancialInstruments 2024-04-30 14130798 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 14130798 core:OtherResidualIntangibleAssets 2024-04-30 14130798 bus:SmallEntities 2023-05-01 2024-04-30 14130798 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 14130798 bus:FullAccounts 2023-05-01 2024-04-30 14130798 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 14130798 bus:RegisteredOffice 2023-05-01 2024-04-30 14130798 bus:Director1 2023-05-01 2024-04-30 14130798 bus:Director2 2023-05-01 2024-04-30 14130798 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 14130798 core:IntangibleAssetsOtherThanGoodwill 2023-05-01 2024-04-30 14130798 core:OtherResidualIntangibleAssets 2023-05-01 2024-04-30 14130798 countries:AllCountries 2023-05-01 2024-04-30 14130798 2022-05-25 2023-04-30 14130798 2023-04-30 14130798 core:RetainedEarningsAccumulatedLosses 2023-04-30 14130798 core:ShareCapital 2023-04-30 14130798 core:CurrentFinancialInstruments 2023-04-30 14130798 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 14130798

Trade Van Gear Limited

Filleted Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Trade Van Gear Limited
(Registration number: 14130798)

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Trade Van Gear Limited
(Registration number: 14130798)

Company Information

Directors

Mr T D Cutler

Mrs T J Cutler

Registered office

Unit 5 Otter Court
Manaton Close
Marsh Barton Trading Estate
Exeter
Devon
EX2 8PF

Accountants

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

Trade Van Gear Limited
(Registration number: 14130798)

Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

6,715

-

Current assets

 

Debtors

5

313

100

Cash at bank and in hand

 

4,201

4,480

 

4,514

4,580

Creditors: Amounts falling due within one year

6

(34,116)

(10,051)

Net current liabilities

 

(29,602)

(5,471)

Net liabilities

 

(22,887)

(5,471)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(22,987)

(5,571)

Total equity

 

(22,887)

(5,471)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 27 January 2025 and signed on its behalf by:
 

.........................................
Mrs T J Cutler
Director

 

Trade Van Gear Limited
(Registration number: 14130798)

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 5 Otter Court
Manaton Close
Marsh Barton Trading Estate
Exeter
Devon
EX2 8PF
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The director has acknowledged the negative reserves at the balance sheet date and has pledged to continue to support the company so it can meet its obligations as they arise. Therefore the financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

 

Trade Van Gear Limited
(Registration number: 14130798)

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

Asset class

Amortisation method and rate

Website Cost

Amortized for 5 Years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Trade Van Gear Limited
(Registration number: 14130798)

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

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

Additions acquired separately

8,394

8,394

At 30 April 2024

8,394

8,394

Amortisation

Amortisation charge

1,679

1,679

At 30 April 2024

1,679

1,679

Carrying amount

At 30 April 2024

6,715

6,715

5

Debtors

Note

2024
£

2023
£

Trade debtors

 

101

-

Amounts owed by group undertakings and undertakings in which the company has a participating interest

49

49

Other debtors

 

51

51

Prepayments and accrued income

 

112

-

Total current trade and other debtors

 

313

100

6

Creditors

2024
£

2023
£

Due within one year

Trade creditors

5,619

2,856

Taxation and social security

260

779

Other creditors

26,237

3,916

Accrued expenses

2,000

2,500

34,116

10,051