REGISTERED NUMBER: 06506454 (England and Wales)

HUDDERSFIELD VOLVO BREAKERS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M Harris

SECRETARY:

Mrs K Harris

REGISTERED OFFICE:

251 Hawthorne Way

Shelley

Huddersfield

West Yorkshire

HD8 8PZ

REGISTERED NUMBER:

06506454 (England and Wales)

ACCOUNTANTS:

SMH Sheards

Vernon House

40 New North Road

Huddersfield

West Yorkshire

HD1 5LS

BANKERS:

HSBC Bank Plc

2 Cloth Hall Street

Huddersfield

HD1 2ES

FIXED ASSETS

Tangible assets

4

144,018

147,680

CURRENT ASSETS

Stocks

3,050

8,536

Cash at bank and in hand

30,243

2,706

33,293

11,242

CREDITORS

Amounts falling due within one year

5

(112,898

)

(54,337

)

NET CURRENT LIABILITIES

(79,605

)

(43,095

)

TOTAL ASSETS LESS CURRENT LIABILITIES

64,413

104,585

CREDITORS

Amounts falling due after more than one year

6

(29,403

)

(83,550

)

PROVISIONS FOR LIABILITIES

8

(84

)

(66

)

NET ASSETS

34,926

20,969

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

34,826

20,869

SHAREHOLDERS' FUNDS

34,926

20,969

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 director acknowledges his 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 director and authorised for issue on 8 December 2025 and were signed by:

Mr M Harris - Director

1.	STATUTORY INFORMATION

Huddersfield Volvo Breakers 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.	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 represented by the invoiced sales of goods, excluding VAT, which are recognised when the goods are provided.

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 cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

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

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, bank loans and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

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.

Hire purchase and leasing commitments

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

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 1 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

166,167

23,588

189,755

Additions

-

364

364

At 31 March 2025

166,167

23,952

190,119

DEPRECIATION

At 1 April 2024

18,833

23,242

42,075

Charge for year

3,758

268

4,026

At 31 March 2025

22,591

23,510

46,101

NET BOOK VALUE

At 31 March 2025

143,576

442

144,018

At 31 March 2024

147,334

346

147,680

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,000

36,168

Trade creditors

6,226

6,532

Taxation and social security

8,056

3,348

Other creditors

93,616

8,289

112,898

54,337

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

29,403

83,550

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

9,403

16,510

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

34,403

100,310

Secured debts represents assistance received under the Bounce Back loan scheme granted by the Government.

Secured debts also represents mortgages which are secured against the property to which the mortgage relates.

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

84

66

Deferred

tax

£

Balance at 1 April 2024

66

Charge to Income Statement during year

18

Balance at 31 March 2025

84

9.	RELATED PARTY DISCLOSURES

Loans owing to the director on an interest free basis of £87,394 (2024: £3,819) were outstanding at the year end. Loans will be repaid when funds permit.