Caversham Coachworks Limited - Accounts to registrar (filleted) - small 18.2

Caversham Coachworks Limited - Accounts to registrar (filleted) - small 18.2

CAVERSHAM COACHWORKS LIMITED - Company Information

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REGISTERED NUMBER: 02069926 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

CAVERSHAM COACHWORKS LIMITED
CAVERSHAM COACHWORKS LIMITED (REGISTERED NUMBER: 02069926)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAVERSHAM COACHWORKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: Mrs E Adlem
M C Adlem





REGISTERED OFFICE: 3 Send Road
Caversham
Reading
Berkshire
RG4 8EH





REGISTERED NUMBER: 02069926 (England and Wales)
Page 1
CAVERSHAM COACHWORKS LIMITED (REGISTERED NUMBER: 02069926)

BALANCE SHEET
31 MARCH 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,771 24,140
Investments 5 200 200
Investment property 6 1,304,810 1,304,810
1,322,781 1,329,150

CURRENT ASSETS
Debtors 7 569,815 510,362
Cash at bank and in hand 71,590 74,656
641,405 585,018
CREDITORS
Amounts falling due within one year 8 382,188 454,450
NET CURRENT ASSETS 259,217 130,568
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,581,998
1,459,718

CREDITORS
Amounts falling due after more than one
year
9
(488,253
)
(384,597
)

PROVISIONS FOR LIABILITIES - (18 )
NET ASSETS 1,093,745 1,075,103

The notes form part of these financial statements

Page 2 continued...
CAVERSHAM COACHWORKS LIMITED (REGISTERED NUMBER: 02069926)

BALANCE SHEET - continued
31 MARCH 2022

31.3.22 31.3.21
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,093,645 1,075,003
SHAREHOLDERS' FUNDS 1,093,745 1,075,103

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2022 and were signed on its behalf by:




Mrs E Adlem - Director



M C Adlem - Director


The notes form part of these financial statements

Page 3
CAVERSHAM COACHWORKS LIMITED (REGISTERED NUMBER: 02069926)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Caversham Coachworks Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02069926 and the registered office address is 3 Send Road, Caversham, Reading, Berkshire, RG4 8EH.

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 as modified by the revaluation of certain assets.

Turnover
Revenue (described as Turnover) represents the fair value of the consideration received or receivable for services. Revenue is recognised on completion of services having regard to the fulfilment of contractual obligations.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Short term debtors are measured at transaction price, less any impairment, Short term creditors are measured at transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Page 4 continued...
CAVERSHAM COACHWORKS LIMITED (REGISTERED NUMBER: 02069926)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

2. ACCOUNTING POLICIES - continued
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.

Going concern basis of accounting
The directors are not aware of any material uncertainties that may cast significant doubt over the ability of the company to continue trading. The preparation of the financial statements on the going concern basis is therefore deemed appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Improvem
to
property
£   
COST
At 1 April 2021
and 31 March 2022 95,536
DEPRECIATION
At 1 April 2021 71,396
Charge for year 6,369
At 31 March 2022 77,765
NET BOOK VALUE
At 31 March 2022 17,771
At 31 March 2021 24,140

Page 5 continued...
CAVERSHAM COACHWORKS LIMITED (REGISTERED NUMBER: 02069926)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 April 2021
and 31 March 2022 200
NET BOOK VALUE
At 31 March 2022 200
At 31 March 2021 200

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2021
and 31 March 2022 1,304,810
NET BOOK VALUE
At 31 March 2022 1,304,810
At 31 March 2021 1,304,810

Fair value at 31 March 2022 is represented by:
£   
Valuation in 2017 369,662
Cost 935,148
1,304,810

7. DEBTORS
31.3.22 31.3.21
£    £   
Amounts falling due within one year:
Other debtors 15,003 23,848

Amounts falling due after more than one year:
Amounts owed by group undertakings 554,812 486,514

Aggregate amounts 569,815 510,362

Page 6 continued...
CAVERSHAM COACHWORKS LIMITED (REGISTERED NUMBER: 02069926)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 342,260 308,573
Trade creditors 263 1,006
Taxation and social security 25,046 23,766
Other creditors 14,619 121,105
382,188 454,450

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans 334,656 363,079
Amounts owed to group undertakings 153,597 21,518
488,253 384,597

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 233,949

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.22 31.3.21
£    £   
Bank overdrafts 312,720 276,290
Bank loans 364,196 395,362
676,916 671,652

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

A director owed £390 at the year end (2021: £390) and another director owed £3,939 at the year end (2021: £3,939).

Page 7