Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-05-01falseNo description of principal activity88falsetruefalse 03173400 2023-05-01 2024-04-30 03173400 2022-05-01 2023-04-30 03173400 2024-04-30 03173400 2023-04-30 03173400 c:Director1 2023-05-01 2024-04-30 03173400 c:Director2 2023-05-01 2024-04-30 03173400 c:Director3 2023-05-01 2024-04-30 03173400 c:RegisteredOffice 2023-05-01 2024-04-30 03173400 d:Buildings 2023-05-01 2024-04-30 03173400 d:Buildings 2024-04-30 03173400 d:Buildings 2023-04-30 03173400 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03173400 d:OfficeEquipment 2023-05-01 2024-04-30 03173400 d:OfficeEquipment 2024-04-30 03173400 d:OfficeEquipment 2023-04-30 03173400 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03173400 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03173400 d:CurrentFinancialInstruments 2024-04-30 03173400 d:CurrentFinancialInstruments 2023-04-30 03173400 d:Non-currentFinancialInstruments 2024-04-30 03173400 d:Non-currentFinancialInstruments 2023-04-30 03173400 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 03173400 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 03173400 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 03173400 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 03173400 d:ShareCapital 2024-04-30 03173400 d:ShareCapital 2023-04-30 03173400 d:RetainedEarningsAccumulatedLosses 2024-04-30 03173400 d:RetainedEarningsAccumulatedLosses d:RestatedAmount 2023-04-30 03173400 c:FRS102 2023-05-01 2024-04-30 03173400 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03173400 c:FullAccounts 2023-05-01 2024-04-30 03173400 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03173400 6 2023-05-01 2024-04-30 03173400 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Company registration number: 03173400







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2024


SLOUGH VAN & TRUCK CENTRE LTD.






































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SLOUGH VAN & TRUCK CENTRE LTD.
 


 
COMPANY INFORMATION


Directors
Mr  M K Willis 
Mrs J Willis 
Mr S J Willis 




Registered number
03173400



Registered office
Magna House
18-32 London Road

Staines-Upon-Thames

TW18 4BP




Trading Address
Knights Farm
Dropmore Road

Burnham

Buckinghamshire

SL1 8NE






Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


SLOUGH VAN & TRUCK CENTRE LTD.
REGISTERED NUMBER:03173400



STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
998,597
1,020,299

Investments
 5 
225
225

  
998,822
1,020,524

Current assets
  

Stocks
  
2,235,434
2,514,618

Debtors: amounts falling due within one year
 6 
850,782
396,323

Cash at bank and in hand
  
379,959
558,816

  
3,466,175
3,469,757

Creditors: amounts falling due within one year
 7 
(584,065)
(726,118)

Net current assets
  
 
 
2,882,110
 
 
2,743,639

Total assets less current liabilities
  
3,880,932
3,764,163

Creditors: amounts falling due after more than one year
 8 
(69,940)
(353,080)

Provisions for liabilities
  

Deferred tax
  
(13,631)
(13,343)

  
 
 
(13,631)
 
 
(13,343)

Net assets
  
3,797,361
3,397,740


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
3,797,261
3,397,640

  
3,797,361
3,397,740


Page 1

 


SLOUGH VAN & TRUCK CENTRE LTD.
REGISTERED NUMBER:03173400


    
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 by: 




Mr M K Willis
Director

Date: 28 January 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


SLOUGH VAN & TRUCK CENTRE LTD.
 


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

1.


General information

Slough Van & Truck Centre Limited is a private company limited by shares and incorporated in England and Wales.  The address of the registered office and principle place of business is given in the company information page of these financial statements.  
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.  

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

The financial statements have been prepared on a going concern basis. There have been no significant judgements and estimates used in the financial statements that have impacted upon this assessment.

 
2.4

Revenue

A sale is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Sales are generated through the sale of commercial vehicles and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 


SLOUGH VAN & TRUCK CENTRE LTD.
 


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

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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 income 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.


 
2.8

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.

Page 4

 


SLOUGH VAN & TRUCK CENTRE LTD.
 


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

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

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 and reducing balance basis..

Depreciation is provided on the following basis:

Freehold property
-
2%
Straight line
Office equipment
-
15%
Reducing balance

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.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 8).

Page 5

 


SLOUGH VAN & TRUCK CENTRE LTD.
 


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

4.


Tangible fixed assets





Freehold property
Office equipment
Total

£
£
£



Cost or valuation


At 1 May 2023
1,142,596
78,731
1,221,327


Additions
-
10,295
10,295



At 30 April 2024

1,142,596
89,026
1,231,622



Depreciation


At 1 May 2023
175,669
25,359
201,028


Charge for the year on owned assets
22,852
9,145
31,997



At 30 April 2024

198,521
34,504
233,025



Net book value



At 30 April 2024
944,075
54,522
998,597



At 30 April 2023
966,927
53,372
1,020,299


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 May 2023
225



At 30 April 2024
225




Page 6

 


SLOUGH VAN & TRUCK CENTRE LTD.
 


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

6.


Debtors

2024
2023
£
£


Trade debtors
544,892
104,393

Amounts owed by group undertakings
255,538
205,287

Other debtors
47,319
83,471

Prepayments and accrued income
3,033
3,172

850,782
396,323



7.


Creditors: Amounts falling due within one year

As restated
2024
2023
£
£

Bank loans
94,000
94,000

Trade creditors
374,892
335,540

Corporation tax
-
978

Other taxation and social security
19,316
9,579

Obligations under finance lease and hire purchase contracts
-
28,821

Other creditors
72,535
142,737

Accruals and deferred income
23,322
114,463

584,065
726,118


Page 7

 


SLOUGH VAN & TRUCK CENTRE LTD.
 


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

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
69,940
341,356

Net obligations under finance leases and hire purchase contracts
-
11,724

69,940
353,080


The following liabilities were secured:

2024
2023
£
£



CBILS Loan
78,333
158,333

Bank loans
85,607
277,023

Hire purchase
-
40,545

163,940
475,901

Details of security provided:

The CBILS loan is secured by way of guarantee provided by the U.K. Government.
The bank loan is secured by way of legal charge over the Freehold Property of the company.


9.


Prior year adjustment

A prior year adjustments has been made for rents payable on the company's trading premises not previously recognised.


10.


Related party transactions

The company was also owed £255,538 (2023: £205,287) from it's subsidiary company, SL1 Vehicle Hire Ltd. The amount is interest-free and repayable on demand.

 
Page 8