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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
Page
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Car Van Buyers Limited Company Information for the year ended 30 September 2024
Director
Andrew Wilmot
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
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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
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Car Van Buyers Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
21,667 
- 
Tangible assets
78,599 
16,544 
100,266 
16,544 
Current assets
Inventories
1,000 
- 
Debtors
26,600 
4,150 
Cash at bank and in hand
70,813 
24,235 
98,413 
28,385 
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
Deferred tax
(15,741)
- 
Net assets
54,939 
11,675 
Capital and reserves
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
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Car Van Buyers Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
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 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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation, charged at 20% on cost.
Leased assets
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.
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Car Van Buyers Limited Notes to the Accounts for the year ended 30 September 2024
Deferred taxation
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 
£ 
Cost
At 1 October 2023
- 
Additions
25,000 
At 30 September 2024
25,000 
Amortisation
At 1 October 2023
- 
Charge for the year
3,333 
At 30 September 2024
3,333 
Net book value
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 
Depreciation
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 
Net book value
At 30 September 2024
3,389 
70,875 
4,335 
78,599 
At 30 September 2023
487 
16,057 
- 
16,544 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
52,560 
- 
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Car Van Buyers Limited Notes to the Accounts for the year ended 30 September 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
26,600 
- 
Other debtors
- 
4,150 
26,600 
4,150 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
9,277 
3,984 
Obligations under finance leases and hire purchase contracts
7,821 
- 
Trade creditors
49,149 
- 
Taxes and social security
1,252 
8,084 
Other creditors
- 
1,670 
Loans from directors
6,623 
17,566 
Accruals
1,075 
1,950 
75,197 
33,254 
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 
- 
2024 
2023 
£ 
£ 
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).
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