1 false false false false false false false false false false true false false false false true false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 27,259 364 26,895 11,638 2,343 174 13,807 13,088 15,621 xbrli:pure xbrli:shares iso4217:GBP 10697641 2024-04-01 2025-03-31 10697641 2025-03-31 10697641 2024-03-31 10697641 2023-04-01 2024-03-31 10697641 2024-03-31 10697641 2023-03-31 10697641 core:PlantMachinery 2024-04-01 2025-03-31 10697641 bus:LeadAgentIfApplicable 2024-04-01 2025-03-31 10697641 bus:Director1 2024-04-01 2025-03-31 10697641 core:PlantMachinery 2024-03-31 10697641 core:PlantMachinery 2025-03-31 10697641 core:WithinOneYear 2025-03-31 10697641 core:WithinOneYear 2024-03-31 10697641 core:ShareCapital 2025-03-31 10697641 core:ShareCapital 2024-03-31 10697641 core:RetainedEarningsAccumulatedLosses 2025-03-31 10697641 core:RetainedEarningsAccumulatedLosses 2024-03-31 10697641 core:PlantMachinery 2024-03-31 10697641 bus:SmallEntities 2024-04-01 2025-03-31 10697641 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 10697641 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10697641 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10697641 bus:FullAccounts 2024-04-01 2025-03-31
COMPANY REGISTRATION NUMBER: 10697641
CIRENCESTER VW SPECIALISTS LTD
Filleted Unaudited Financial Statements
31 March 2025
CIRENCESTER VW SPECIALISTS LTD
Financial Statements
Year ended 31 March 2025
Contents
Page
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
4
CIRENCESTER VW SPECIALISTS LTD
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of CIRENCESTER VW SPECIALISTS LTD
Year ended 31 March 2025
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 March 2025, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
HARPER SHELDON LIMITED Chartered Accountants
Midway House Staverton Technology Park Herrick Way, Staverton Cheltenham, Glos. GL51 6TQ
1 September 2025
CIRENCESTER VW SPECIALISTS LTD
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
Fixed assets
Tangible assets
5
13,088
15,621
Current assets
Stocks
1,000
1,000
Debtors
6
4,012
4,560
Cash at bank and in hand
186,291
155,153
---------
---------
191,303
160,713
Creditors: amounts falling due within one year
7
( 32,078)
( 35,666)
---------
---------
Net current assets
159,225
125,047
---------
---------
Total assets less current liabilities
172,313
140,668
Provisions
Taxation including deferred tax
( 3,272)
( 3,905)
---------
---------
Net assets
169,041
136,763
---------
---------
CIRENCESTER VW SPECIALISTS LTD
Statement of Financial Position (continued)
31 March 2025
2025
2024
Note
£
£
Capital and reserves
Called up share capital
1
1
Profit and loss account
169,040
136,762
---------
---------
Shareholder funds
169,041
136,763
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 1 September 2025 , and are signed on behalf of the board by:
M.J. Saunders
Director
Company registration number: 10697641
CIRENCESTER VW SPECIALISTS LTD
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Midway House, Staverton Technology Park, Herrick Way, Staverton, Cheltenham, Glos, GL51 6TQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for services rendered, stated net of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment
-
15% reducing balance
Stocks
Stocks are measured at cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
5. Tangible assets
Fixtures, fittings and equipment
£
Cost
At 1 April 2024
27,259
Disposals
( 364)
--------
At 31 March 2025
26,895
--------
Depreciation
At 1 April 2024
11,638
Charge for the year
2,343
Disposals
( 174)
--------
At 31 March 2025
13,807
--------
Carrying amount
At 31 March 2025
13,088
--------
At 31 March 2024
15,621
--------
6. Debtors
2025
2024
£
£
Other debtors
4,012
4,560
-------
-------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
8,381
7,522
Corporation tax
18,037
16,128
Social security and other taxes
5,010
5,591
Other creditors
650
6,425
--------
--------
32,078
35,666
--------
--------
Other creditors include the director's loan account of £516 (2024 - £6,302). The director has not charged interest on his loan to the company.
8. Guarantees, contingencies and other financial commitments
The company had financial commitments at the year end of £30,600 (2024 - £9,720).