Swindon Vehicle Solutions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06577405 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Swindon Vehicle Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr P J Burch

REGISTERED OFFICE:

Northfield House

Shurdington Road

Bentham

Cheltenham

Gloucestershire

GL51 4UA

BUSINESS ADDRESS:

Unit 2 Lydiard Service Station

The Street

Lydiard Millicent

Wiltshire

SN5 3LU

REGISTERED NUMBER:

06577405 (England and Wales)

ACCOUNTANTS:

ARC & Co. Accountants Limited

Northfield House

Shurdington Road

Bentham

Cheltenham

Gloucestershire

GL51 4UA

CURRENT ASSETS

Stocks

5

160,150

120,666

Debtors

6

-

17,681

Cash at bank

12,400

50,069

172,550

188,416

CREDITORS

Amounts falling due within one year

7

129,398

174,155

NET CURRENT ASSETS

43,152

14,261

TOTAL ASSETS LESS CURRENT
LIABILITIES

43,152

14,261

CREDITORS

Amounts falling due after more than one
year

8

1,333

9,333

NET ASSETS

41,819

4,928

CAPITAL AND RESERVES

Called up share capital

9

1

Retained earnings

10

41,818

4,927

SHAREHOLDERS' FUNDS

41,819

4,928

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 17 December 2025 and were signed by:

Mr P J Burch - Director

1.	STATUTORY INFORMATION

Swindon Vehicle Solutions 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

-

20% 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 3 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2024

and 31 March 2025

1,587

DEPRECIATION

At 1 April 2024

and 31 March 2025

1,587

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.

STOCKS

31.3.25

31.3.24

£

Stocks

160,150

120,666

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

-

12,005

Corporation tax

-

5,676

-

17,681

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

8,000

Trade creditors

16,599

77,946

Corporation tax

8,504

-

Social security and other taxes

2,471

364

VAT

15,832

10,099

Stocking loans

73,521

38,973

Other creditors

869

-

Directors' current accounts

952

37,386

Accrued expenses

2,650

1,387

129,398

174,155

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans

1,333

9,333

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

1

Ordinary

£1

1

10.

RESERVES

Retained

earnings

£

At 1 April 2024

4,927

Profit for the year

36,891

At 31 March 2025

41,818

11.	RELATED PARTY DISCLOSURES

During the year the director, Mr P J Burch, made net withdrawals from his account of £36,434. The balance on his account at 31 March 2025 was £952 in credit (2024 - £37,386).

Mr Burch also owns all of the voting share capital of Lydiard Vehicle Preparation Services Ltd. During the year there were net transactions with that company of £869. This was also the credit balance on the account at 31 March 2025 and is shown in other creditors.

12.	ULTIMATE CONTROLLING PARTY

Mr P J Burch is the ultimate controlling party by virtue of his holding all of the company's issued share capital.