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Company Registration No. 04722140 (England and Wales)
Hyde Cars Limited Unaudited accounts for the year ended 31 March 2024
Hyde Cars Limited Unaudited accounts Contents
Page
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Hyde Cars Limited Company Information for the year ended 31 March 2024
Directors
David Peter Adam Hyde Angela Dawn Hyde
Company Number
04722140 (England and Wales)
Registered Office
GREENSLEEVES BROCKHILL LANE REDDITCH WORCESTERSHIRE B97 6RA ENGLAND
Accountants
AC Counts & Services Ltd Office 42 Imex Business Centre, Oxleasow Road Redditch Worcestershire B98 0RE
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Hyde Cars Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,114 
12,374 
Current assets
Debtors
39,934 
37,042 
Cash at bank and in hand
- 
743 
39,934 
37,785 
Creditors: amounts falling due within one year
(39,136)
(26,561)
Net current assets
798 
11,224 
Total assets less current liabilities
9,912 
23,598 
Creditors: amounts falling due after more than one year
(8,000)
(11,000)
Net assets
1,912 
12,598 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,812 
12,498 
Shareholders' funds
1,912 
12,598 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by
David Peter Adam Hyde Director Company Registration No. 04722140
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Hyde Cars Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Hyde Cars Limited is a private company, limited by shares, registered in England and Wales, registration number 04722140. The registered office is GREENSLEEVES, BROCKHILL LANE, REDDITCH, WORCESTERSHIRE, B97 6RA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance Method
Computer equipment
25% Straight Line Method
Going Concern
Going Concern - The financial statements have been prepared on a going concern basis. This assumes the continued support of the director. The director has indicated his support will continue for the foreseeable future.
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
41,759 
2,490 
44,249 
At 31 March 2024
41,759 
2,490 
44,249 
Depreciation
At 1 April 2023
29,849 
2,026 
31,875 
Charge for the year
2,977 
283 
3,260 
At 31 March 2024
32,826 
2,309 
35,135 
Net book value
At 31 March 2024
8,933 
181 
9,114 
At 31 March 2023
11,910 
464 
12,374 
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Hyde Cars Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
39,434 
36,542 
Other debtors
500 
500 
39,934 
37,042 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,411 
- 
VAT
1,274 
1,347 
Trade creditors
- 
1,174 
Taxes and social security
- 
4,384 
Proposed dividends
2,400 
- 
Loans from directors
30,051 
19,656 
39,136 
26,561 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,000 
11,000 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
At the year end there was a balance of £30,051 (2023 - £17,256) owed to director, Mr D P A Hyde
10
Controlling party
By virtue of being 75% shareholder, David Peter Adam Hyde is the ultimate controlling party.
11
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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