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

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 2021
Selsia Vehicle Accident Centres Limited
Financial Statements
Year ended 30 November 2021
Contents
Page
Officers and professional advisers
1
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
10 Canberra House
Corbygate Business Park
Corby
Northants
NN17 5JG
Selsia Vehicle Accident Centres Limited
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 2021
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 2021, 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 loss 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
10 Canberra House Corbygate Business Park Corby Northants NN17 5JG
5 July 2022
Selsia Vehicle Accident Centres Limited
Statement of Financial Position
30 November 2021
2021
2020
Note
£
£
£
Fixed assets
Tangible assets
5
1,805
4,411
Current assets
Debtors
6
307,735
465,006
Cash at bank and in hand
255,706
207,042
---------
---------
563,441
672,048
Creditors: amounts falling due within one year
7
( 369,403)
( 450,742)
---------
---------
Net current assets
194,038
221,306
---------
---------
Total assets less current liabilities
195,843
225,717
---------
---------
Net assets
195,843
225,717
---------
---------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
194,843
224,717
---------
---------
Shareholders funds
195,843
225,717
---------
---------
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 2021 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 2021
These financial statements were approved by the board of directors and authorised for issue on 5 July 2022 , and are signed on behalf of the board by:
N Dickson
Director
Company registration number: 07006273
Selsia Vehicle Accident Centres Limited
Notes to the Financial Statements
Year ended 30 November 2021
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 (2020: 9 ).
5. Tangible assets
Computer Equipment
Computer Software
Total
£
£
£
Cost
At 1 December 2020
10,890
68,864
79,754
Additions
1,597
–
1,597
--------
--------
--------
At 30 November 2021
12,487
68,864
81,351
--------
--------
--------
Depreciation
At 1 December 2020
9,709
65,634
75,343
Charge for the year
973
3,230
4,203
--------
--------
--------
At 30 November 2021
10,682
68,864
79,546
--------
--------
--------
Carrying amount
At 30 November 2021
1,805
–
1,805
--------
--------
--------
At 30 November 2020
1,181
3,230
4,411
--------
--------
--------
6. Debtors
2021
2020
£
£
Trade debtors
301,219
456,388
Other debtors
6,516
8,618
---------
---------
307,735
465,006
---------
---------
7. Creditors: amounts falling due within one year
2021
2020
£
£
Trade creditors
347,542
408,638
Corporation tax
–
3,316
Social security and other taxes
15,331
25,022
Other creditors
6,530
13,766
---------
---------
369,403
450,742
---------
---------