Company Registration No. 14340626 (England and Wales)
Car Van Buyers Limited
Unaudited accounts
for the year ended 30 September 2024
Car Van Buyers Limited
Unaudited accounts
Contents
Car Van Buyers Limited
Company Information
for the year ended 30 September 2024
Company Number
14340626 (England and Wales)
Registered Office
21 Windsor Drive
Sittingbourne
Kent
ME10 1UN
England
Accountants
A K Butler Limited
21 Windsor Drive
Sittingbourne
Kent
ME10 1UN
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Car Van Buyers Limited
for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Car Van Buyers Limited for the year ended
30 September 2024 as set out on pages
5 -
8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
A K Butler Limited
Chartered Certified Accountants
21 Windsor Drive
Sittingbourne
Kent
ME10 1UN
15 April 2025
Car Van Buyers Limited
Statement of financial position
as at 30 September 2024
Intangible assets
21,667
-
Tangible assets
78,599
16,544
Cash at bank and in hand
70,813
24,235
Creditors: amounts falling due within one year
(75,197)
(33,254)
Net current assets/(liabilities)
23,216
(4,869)
Total assets less current liabilities
123,482
11,675
Creditors: amounts falling due after more than one year
(52,802)
-
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
54,839
11,575
Shareholders' funds
54,939
11,675
For the year ending 30 September 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 director acknowledges his 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 and authorised for issue on 14 April 2025 and were signed on its behalf by
Andrew Wilmot
Director
Company Registration No. 14340626
Car Van Buyers Limited
Notes to the Accounts
for the year ended 30 September 2024
Car Van Buyers Limited is a private company, limited by shares, registered in England and Wales, registration number 14340626. The registered office is 21 Windsor Drive, Sittingbourne, Kent, ME10 1UN, 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
20% reducing balance
Computer equipment
20% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation, charged at 20% on cost.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Car Van Buyers Limited
Notes to the Accounts
for the year ended 30 September 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Goodwill
At 30 September 2024
25,000
At 30 September 2024
3,333
At 30 September 2024
21,667
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
500
17,600
-
18,100
Additions
3,500
72,536
5,419
81,455
At 30 September 2024
4,000
90,136
5,419
99,555
At 1 October 2023
13
1,543
-
1,556
Charge for the year
598
17,718
1,084
19,400
At 30 September 2024
611
19,261
1,084
20,956
At 30 September 2024
3,389
70,875
4,335
78,599
At 30 September 2023
487
16,057
-
16,544
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Car Van Buyers Limited
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
7,821
-
Taxes and social security
1,252
8,084
Loans from directors
6,623
17,566
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
52,802
-
9
Deferred taxation
2024
2023
Accelerated capital allowances
15,741
-
Charged to the profit and loss account
15,741
-
Provision at end of year
15,741
-
10
Operating lease commitments
2024
2023
At 30 September 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
10,702
-
11
Average number of employees
During the year the average number of employees was 2 (2023: 1).