REGISTERED NUMBER: 09715386 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Cotswold Vehicle Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J A Robertson

REGISTERED OFFICE:

The Old Dairy Church Farm

Longnewton

Tetbury

Gloucestershire

GL8 8RS

REGISTERED NUMBER:

09715386 (England and Wales)

FIXED ASSETS

Tangible assets

4

6,059

6,807

CURRENT ASSETS

Stocks

1,250

1,910

Debtors

5

6,779

5,700

Cash at bank

17,031

10,520

25,060

18,130

CREDITORS

Amounts falling due within one year

6

37,832

38,705

NET CURRENT LIABILITIES

(12,772

)

(20,575

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,713

)

(13,768

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(6,813

)

(13,868

)

(6,713

)

(13,768

)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2025 and were signed by:

J A Robertson - Director

1.	STATUTORY INFORMATION

Cotswold Vehicle Services Ltd 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 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

-

15% on reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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 classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2024

32,004

Additions

280

At 31 March 2025

32,284

DEPRECIATION

At 1 April 2024

25,197

Charge for year

1,028

At 31 March 2025

26,225

NET BOOK VALUE

At 31 March 2025

6,059

At 31 March 2024

6,807

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,779

5,700

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

10,919

11,747

Social security and other taxes

3,712

3,565

Pension Liability

66

66

VAT

5,598

2,568

Other creditors

778

9,927

Directors' current accounts

16,099

10,247

Accruals and deferred income

660

585

37,832

38,705

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

J A Robertson

Balance outstanding at start of year

(10,247

)

(16,035

)

Amounts advanced

-

18,358

Amounts repaid

(5,852

)

(12,570

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(16,099

)

(10,247

)