Company Registration No. 13923104 (England and Wales)
McQueens Vehicle Services Ltd
Unaudited accounts
for the year ended 28 February 2025
McQueens Vehicle Services Ltd
Unaudited accounts
Contents
McQueens Vehicle Services Ltd
Company Information
for the year ended 28 February 2025
Company Number
13923104 (England and Wales)
Registered Office
71 Woodland Avenue
Wolverhampton
WV6 8ND
Accountants
Nellys Accountants Ltd
71 Woodland Avenue
Tettenhall Wood
Wolverhampton
West Midlands
WV6 8ND
McQueens Vehicle Services Ltd
Statement of financial position
as at 28 February 2025
Tangible assets
18,212
7,714
Cash at bank and in hand
5,398
4,319
Creditors: amounts falling due within one year
(20,249)
(23,129)
Net current (liabilities)/assets
(9,400)
3,226
Total assets less current liabilities
8,812
10,940
Provisions for liabilities
Deferred tax
(2,920)
(1,464)
Called up share capital
100
100
Profit and loss account
5,792
9,376
Shareholders' funds
5,892
9,476
For the year ending 28 February 2025 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 30 November 2025 and were signed on its behalf by
Callum McQueen
Director
Company Registration No. 13923104
McQueens Vehicle Services Ltd
Notes to the Accounts
for the year ended 28 February 2025
McQueens Vehicle Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 13923104. The registered office is 71 Woodland Avenue, Wolverhampton, WV6 8ND.
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:
Land & buildings
10% straight line
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
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.
McQueens Vehicle Services Ltd
Notes to the Accounts
for the year ended 28 February 2025
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
-
8,067
5,470
13,537
Additions
3,706
14,477
250
18,433
Disposals
-
(3,480)
-
(3,480)
At 28 February 2025
3,706
19,064
5,720
28,490
At 1 March 2024
-
3,479
2,344
5,823
Charge for the year
371
4,768
839
5,978
On disposals
-
(1,523)
-
(1,523)
At 28 February 2025
371
6,724
3,183
10,278
At 28 February 2025
3,335
12,340
2,537
18,212
At 29 February 2024
-
4,588
3,126
7,714
Amounts falling due within one year
Trade debtors
3,371
19,478
Accrued income and prepayments
2,958
2,558
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
15,375
2,223
Trade creditors
1,093
12,054
Taxes and social security
3,081
7,582
Loans from directors
-
575
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 1 (2024: 1).