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REGISTERED NUMBER: 07887288 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CAMBOURNE VEHICLE SERVICES (CAMBRIDGE)
LIMITED

CAMBOURNE VEHICLE SERVICES (CAMBRIDGE)
LIMITED (REGISTERED NUMBER: 07887288)






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


CAMBOURNE VEHICLE SERVICES (CAMBRIDGE)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: T L Boyd





REGISTERED OFFICE: The Drift
Bourn
Cambridge
Cambridgeshire
CB23 2TB





REGISTERED NUMBER: 07887288 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

CAMBOURNE VEHICLE SERVICES (CAMBRIDGE)
LIMITED (REGISTERED NUMBER: 07887288)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 152,980 124,663

CURRENT ASSETS
Stocks 12,835 9,300
Debtors 6 8,046 10,096
Cash at bank and in hand 72,567 98,837
93,448 118,233
CREDITORS
Amounts falling due within one year 7 (76,399 ) (92,559 )
NET CURRENT ASSETS 17,049 25,674
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,029

150,337

CREDITORS
Amounts falling due after more than
one year

8

(67,432

)

(77,126

)

PROVISIONS FOR LIABILITIES 9 (27,106 ) (21,405 )
NET ASSETS 75,491 51,806

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 75,481 51,796
SHAREHOLDERS' FUNDS 75,491 51,806

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 her 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.

CAMBOURNE VEHICLE SERVICES (CAMBRIDGE)
LIMITED (REGISTERED NUMBER: 07887288)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 May 2025 and were signed by:





T L Boyd - Director


CAMBOURNE VEHICLE SERVICES (CAMBRIDGE)
LIMITED (REGISTERED NUMBER: 07887288)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Cambourne Vehicle Services (Cambridge) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Revenue is measured at the fair value of the consideration receivable.

Revenue from services is recognised when those services are performed.
Revenue from sales is recognised when legal title has passed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Equipment - at varying rates on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 15% on cost

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

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

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

CAMBOURNE VEHICLE SERVICES (CAMBRIDGE)
LIMITED (REGISTERED NUMBER: 07887288)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. ACCOUNTING POLICIES - continued

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.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
Equipment fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 205,698 11,194 24,556 241,448
Additions 11,439 945 67,776 80,160
Disposals (240 ) - (17,750 ) (17,990 )
At 31 December 2024 216,897 12,139 74,582 303,618
DEPRECIATION
At 1 January 2024 98,753 4,368 13,664 116,785
Charge for year 28,327 2,807 8,023 39,157
Eliminated on disposal (240 ) - (5,064 ) (5,304 )
At 31 December 2024 126,840 7,175 16,623 150,638
NET BOOK VALUE
At 31 December 2024 90,057 4,964 57,959 152,980
At 31 December 2023 106,945 6,826 10,892 124,663

CAMBOURNE VEHICLE SERVICES (CAMBRIDGE)
LIMITED (REGISTERED NUMBER: 07887288)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 January 2024 73,293 - 73,293
Additions - 39,927 39,927
At 31 December 2024 73,293 39,927 113,220
DEPRECIATION
At 1 January 2024 15,969 - 15,969
Charge for year 17,124 3,780 20,904
At 31 December 2024 33,093 3,780 36,873
NET BOOK VALUE
At 31 December 2024 40,200 36,147 76,347
At 31 December 2023 57,324 - 57,324

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,834 5,210
Other debtors 972 1,229
Social security and other
taxes 240 3,657
8,046 10,096

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,843 5,061
Hire purchase contracts 20,979 15,912
Trade creditors 15,061 14,799
Corporation tax 7,217 2,640
Social security and other taxes - 6,511
Other creditors 28,299 47,636
76,399 92,559

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 9,686 10,122
Bank loans - 2-5 years 18,968 20,243
Bank loans more 5 yr by instal - 3,772
Hire purchase contracts 38,778 42,989
67,432 77,126

CAMBOURNE VEHICLE SERVICES (CAMBRIDGE)
LIMITED (REGISTERED NUMBER: 07887288)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 3,772

During the period the company borrowed £50,000 under the 'bounce back' loan scheme.
This loan is unsecured.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 27,106 21,405

Deferred
tax
£   
Balance at 1 January 2024 21,405
Provided during year 5,701
Charge for the period
Balance at 31 December 2024 27,106

The provision for deferred taxation is made up of accelerated capital allowances.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary £1 10 10

11. OTHER FINANCIAL COMMITMENTS

At 31 December, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £0 (2023 £2,089).