HARVEYS CAR CENTRE LIMITED - Accounts to registrar (filleted)

REGISTERED NUMBER: 07388423 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

HARVEYS CAR CENTRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C Harvey

Mr S Harvey

SECRETARY:

Mr C Harvey

REGISTERED OFFICE:

Lewes Road

Scaynes Hill

Haywards Heath

West Sussex

RH17 7NX

REGISTERED NUMBER:

07388423 (England and Wales)

ACCOUNTANTS:

Bentleys Accounting Limited

5 Hazelgrove Road

Haywards Heath

West Sussex

RH16 3PH

FIXED ASSETS

Tangible assets

4

5,539

4,503

CURRENT ASSETS

Stocks

790,461

573,335

Debtors

5

635,467

565,740

Cash at bank

26,746

130,060

1,452,674

1,269,135

CREDITORS

Amounts falling due within one year

6

898,574

771,836

NET CURRENT ASSETS

554,100

497,299

TOTAL ASSETS LESS CURRENT
LIABILITIES

559,639

501,802

CAPITAL AND RESERVES

Called up share capital

4

Retained earnings

559,635

501,798

SHAREHOLDERS' FUNDS

559,639

501,802

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2025 and were signed on its behalf by:

Mr C Harvey - Director

Mr S Harvey - Director

1.	STATUTORY INFORMATION

HARVEYS CAR CENTRE 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

Totals

£

COST

At 1 April 2024

3,412

7,228

559

11,199

Additions

-

1,744

-

1,744

At 31 March 2025

3,412

8,972

559

12,943

DEPRECIATION

At 1 April 2024

-

6,137

559

6,696

Charge for year

-

708

-

708

At 31 March 2025

-

6,845

559

7,404

NET BOOK VALUE

At 31 March 2025

3,412

2,127

-

5,539

At 31 March 2024

3,412

1,091

-

4,503

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

(1,656

)

12,932

Other debtors

636,175

546,175

VAT

-

5,685

Prepayments

948

635,467

565,740

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

100,071

62,658

Tax

65,940

62,075

VAT

33,251

-

Other creditors

164,945

116,570

Directors' current accounts

532,117

528,283

Accrued expenses

2,250

898,574

771,836

7.	RELATED PARTY DISCLOSURES

As at 31st March 2025 the company owed Ciaran Harvey £51,569 (2024: £105,415) and Sean Harvey £480,547 (2024: £422,867).

As at 31st March 2025, included in 'other debtors' is an amount of £ 613,300 lent to Harvey Property Ltd.

During the year the company paid rent to Harvey Property Ltd under normal commercial terms.

The directors have an interest in this company.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr C Harvey.