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REGISTERED NUMBER: 05640229 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

ALTON CARS AND VANS LTD

ALTON CARS AND VANS LTD (REGISTERED NUMBER: 05640229)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALTON CARS AND VANS LTD

Company Information
for the Year Ended 31 December 2024







DIRECTOR: G T Pope





REGISTERED OFFICE: 123 Pear Tree Close
Lindford
Hampshire
GU35 0SR





REGISTERED NUMBER: 05640229 (England and Wales)





ACCOUNTANTS: B20 Limited
Chartered Certified Accountants
Charwell House
Wilsom Road
Alton
Hampshire
GU34 2PP

ALTON CARS AND VANS LTD (REGISTERED NUMBER: 05640229)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,301 10,858
9,301 10,858

CURRENT ASSETS
Stocks 9,313 9,766
Debtors 6 5,344 6,678
Cash at bank and in hand 37,445 181,231
52,102 197,675
CREDITORS
Amounts falling due within one year 7 (48,655 ) (27,719 )
NET CURRENT ASSETS 3,447 169,956
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,748

180,814

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 11,748 179,814
SHAREHOLDERS' FUNDS 12,748 180,814

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.

ALTON CARS AND VANS LTD (REGISTERED NUMBER: 05640229)

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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 February 2025 and were signed by:





G T Pope - Director


ALTON CARS AND VANS LTD (REGISTERED NUMBER: 05640229)

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

1. STATUTORY INFORMATION

ALTON CARS AND VANS 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 comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities, stated net of discount and sales taxes.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of two years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible assets are stated in the balance sheet at cost less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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

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.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans from banks and to and from related parties


ALTON CARS AND VANS LTD (REGISTERED NUMBER: 05640229)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases.

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 3 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 19,000
AMORTISATION
At 1 January 2024
and 31 December 2024 19,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

ALTON CARS AND VANS LTD (REGISTERED NUMBER: 05640229)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 61,846 23,201 15,567 100,614
Additions 1,065 - - 1,065
At 31 December 2024 62,911 23,201 15,567 101,679
DEPRECIATION
At 1 January 2024 56,959 21,962 10,835 89,756
Charge for year 1,191 248 1,183 2,622
At 31 December 2024 58,150 22,210 12,018 92,378
NET BOOK VALUE
At 31 December 2024 4,761 991 3,549 9,301
At 31 December 2023 4,887 1,239 4,732 10,858

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 2,952 5,017
Prepayments 2,392 1,661
5,344 6,678

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 15,050 13,083
Tax (2,715 ) 6,724
Social security and other taxes 2,146 2,854
VAT 2,891 3,232
Directors' current accounts 30,000 -
Accrued expenses 1,283 1,826
48,655 27,719

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G T Pope.