Selsia Vehicle Accident Centres Limited Filleted accounts for Companies House (small and micro)

SELSIA VEHICLE ACCIDENT CENTRES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 07006273

Selsia Vehicle Accident Centres Limited

Filleted Unaudited Financial Statements

30 November 2020

Selsia Vehicle Accident Centres Limited

Financial Statements

Year ended 30 November 2020

Contents	Page

Officers and professional advisers	1

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Selsia Vehicle Accident Centres Limited

Officers and Professional Advisers

The board of directors	T K Elliot
	N Dickson
	N J Lidford
	N D Marcus

Registered office	10 Canberra House
	Corbygate Business Park
	Corby
	Northamptonshire
	England
	NN17 5JG

Accountants	"A" Plus Accountants Limited
	Chartered accountants
	10 Canberra House
	Corbygate Business Park
	Corby
	Northants
	NN17 5JG

Selsia Vehicle Accident Centres Limited

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Selsia Vehicle Accident Centres Limited

Year ended 30 November 2020

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Selsia Vehicle Accident Centres Limited for the year ended 30 November 2020, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Selsia Vehicle Accident Centres Limited, as a body, in accordance with the terms of our engagement letter dated 3 April 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Selsia Vehicle Accident Centres Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Selsia Vehicle Accident Centres Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Selsia Vehicle Accident Centres Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Selsia Vehicle Accident Centres Limited. You consider that Selsia Vehicle Accident Centres Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Selsia Vehicle Accident Centres Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

"A" Plus Accountants Limited Chartered accountants

10 Canberra House Corbygate Business Park Corby Northants NN17 5JG

17 March 2021

Selsia Vehicle Accident Centres Limited

Statement of Financial Position

30 November 2020

	2020		2019
Note	£	£	£

Fixed assets

Tangible assets	5		4,411	9,083

Current assets

Debtors	6	465,006	559,205
Cash at bank and in hand		207,042	231,334
		---------	---------
		672,048	790,539

Creditors: amounts falling due within one year	7	( 450,742)		( 575,377)
		---------		---------
Net current assets			221,306	215,162
			---------	---------
Total assets less current liabilities			225,717	224,245
			---------	---------
Net assets			225,717	224,245
			---------	---------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	224,717	223,245
	---------	---------
Shareholders funds	225,717	224,245
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 November 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Selsia Vehicle Accident Centres Limited

Statement of Financial Position (continued)

30 November 2020

These financial statements were approved by the board of directors and authorised for issue on 17 March 2021 , and are signed on behalf of the board by:

N J Lidford

Director

Company registration number: 07006273

Selsia Vehicle Accident Centres Limited

Notes to the Financial Statements

Year ended 30 November 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Canberra House, Corbygate Business Park, Corby, Northamptonshire, NN17 5JG, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for services rendered, stated net of discounts and of Value Added Tax.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Computer Equipment	-	33% straight line
Computer Software	-	33% straight line

Government grants

Government grants available in the financial year due to the Covid 19 pandemic have been accounted for on a receipts basis in respect off the council awarded property grants and on an accruals basis in respect of the Coronavirus Job Retention Scheme.

Defined contribution plans

Pension contributions are paid to an external pension provider in accordance with Auto Enrollment legislation. The contributions are accounted for in the same period as the employee salary costs.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2019: 10 ).

5. Tangible assets

	Computer Equipment	Computer Software	Total
	£	£	£
Cost
At 1 December 2019	10,390	68,864	79,254
Additions	500	–	500
	--------	--------	--------
At 30 November 2020	10,890	68,864	79,754
	--------	--------	--------
Depreciation
At 1 December 2019	8,331	61,840	70,171
Charge for the year	1,378	3,794	5,172
	--------	--------	--------
At 30 November 2020	9,709	65,634	75,343
	--------	--------	--------
Carrying amount
At 30 November 2020	1,181	3,230	4,411
	--------	--------	--------
At 30 November 2019	2,059	7,024	9,083
	--------	--------	--------

6. Debtors

	2020	2019
	£	£
Trade debtors	456,388	557,997
Other debtors	8,618	1,208
	---------	---------
	465,006	559,205
	---------	---------

7. Creditors: amounts falling due within one year

	2020	2019
	£	£
Trade creditors	408,638	519,474
Corporation tax	3,316	16,074
Social security and other taxes	25,022	20,034
Other creditors	13,766	19,795
	---------	---------
	450,742	575,377
	---------	---------