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
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
Hyde Cars Limited
Statement of financial position
as at 31 March 2024
Tangible assets
9,114
12,374
Cash at bank and in hand
-
743
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)
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
Hyde Cars Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 - 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
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
At 31 March 2024
8,933
181
9,114
At 31 March 2023
11,910
464
12,374
Hyde Cars Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
39,434
36,542
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,411
-
Taxes and social security
-
4,384
Proposed dividends
2,400
-
Loans from directors
30,051
19,656
7
Creditors: amounts falling due after more than one year
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
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).