Sussex Vehicles Finance Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04729355 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

SUSSEX VEHICLES FINANCE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs H Glazebrook

REGISTERED OFFICE:

Carlton House

28-29 Carlton Terrace

Portslade

Brighton

BN4 1XF

REGISTERED NUMBER:

04729355 (England and Wales)

ACCOUNTANTS:

Haines & Co

Chartered Accountants

Carlton House

28-29 Carlton Terrace

Portslade

Brighton

BN4 1XF

FIXED ASSETS

Tangible assets

4

253

71

CURRENT ASSETS

Debtors

5

6,289

16,969

Cash at bank

2,007

1,930

8,296

18,899

CREDITORS

Amounts falling due within one year

6

8,399

7,157

NET CURRENT (LIABILITIES)/ASSETS

(103

)

11,742

TOTAL ASSETS LESS CURRENT
LIABILITIES

150

11,813

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

50

11,713

150

11,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 12 August 2019 and were signed by:

Mrs H Glazebrook - Director

1.	STATUTORY INFORMATION

Sussex Vehicles Finance 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

1,883

Additions

266

At 31 March 2019

2,149

DEPRECIATION

At 1 April 2018

1,812

Charge for year

84

At 31 March 2019

1,896

NET BOOK VALUE

At 31 March 2019

253

At 31 March 2018

71

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Trade debtors

4,782

Other debtors

1,507

12,187

6,289

16,969

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Taxation and social security

8,399

6,227

Other creditors

-

930

8,399

7,157

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2019 and

31 March 2018:

2019

2018

£

Mrs H Glazebrook

Balance outstanding at start of year

-

Amounts advanced

1,340

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

1,340

-

The overdrawn director's loan account was repaid after the year end.

Sussex Vehicles Finance Limited - Accounts to registrar (filleted) - small 18.2

Sussex Vehicles Finance Limited - Accounts to registrar (filleted) - small 18.2