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REGISTERED NUMBER: SC335613 (Scotland)















Abridged Financial Statements for the Year Ended 31 December 2024

for

Five Star Vehicle Deliveries Limited

Five Star Vehicle Deliveries Limited (Registered number: SC335613)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Five Star Vehicle Deliveries Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: J Gibb





SECRETARY: J Gibb





REGISTERED OFFICE: Meiklewood Business Park
Kilmarnock
Ayrshire
KA3 6AG





REGISTERED NUMBER: SC335613 (Scotland)





ACCOUNTANT: Alan Carmichael C.A.
1/2
69 Clouston Street
Glasgow
G20 8QW

Five Star Vehicle Deliveries Limited (Registered number: SC335613)

Abridged Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 215,332 223,912

CURRENT ASSETS
Stocks - 5,108
Debtors 157,986 184,052
Cash at bank 196,332 133,444
354,318 322,604
CREDITORS
Amounts falling due within one year 190,167 136,525
NET CURRENT ASSETS 164,151 186,079
TOTAL ASSETS LESS CURRENT
LIABILITIES

379,483

409,991

CREDITORS
Amounts falling due after more than one
year

(35,482

)

(115,729

)

PROVISIONS FOR LIABILITIES (53,833 ) (55,978 )
NET ASSETS 290,168 238,284

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 290,068 238,184
SHAREHOLDERS' FUNDS 290,168 238,284

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Five Star Vehicle Deliveries Limited (Registered number: SC335613)

Abridged Balance Sheet - continued
31 December 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 February 2025 and were signed by:





J Gibb - Director


Five Star Vehicle Deliveries Limited (Registered number: SC335613)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Five Star Vehicle Deliveries Limited is a private company, limited by shares , registered in Scotland. 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 etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

Five Star Vehicle Deliveries Limited (Registered number: SC335613)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 465,436
Additions 92,701
Disposals (68,929 )
At 31 December 2024 489,208
DEPRECIATION
At 1 January 2024 241,524
Charge for year 70,830
Eliminated on disposal (38,478 )
At 31 December 2024 273,876
NET BOOK VALUE
At 31 December 2024 215,332
At 31 December 2023 223,912

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 January 2024 301,297
Transfer to ownership (67,457 )
At 31 December 2024 233,840
DEPRECIATION
At 1 January 2024 75,174
Charge for year 56,355
At 31 December 2024 131,529
NET BOOK VALUE
At 31 December 2024 102,311
At 31 December 2023 226,123

5. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank overdrafts 2,549 2,404
Hire purchase contracts 95,164 124,767
97,713 127,171

The bank overdraft is secured by a floating charge on the company's assets.

Five Star Vehicle Deliveries Limited (Registered number: SC335613)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. ULTIMATE CONTROLLING PARTY

The controlling party is J Gibb.

The ultimate controlling party is J Gibb.