Custom Vans & Cosmetic Repair Centre Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 09900625 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

CUSTOM VANS & COSMETIC REPAIR CENTRE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Windle

N Windle

SECRETARY:

REGISTERED OFFICE:

36/42 Neepsend Lane

Sheffield

S3 8AU

REGISTERED NUMBER:

09900625 (England and Wales)

ACCOUNTANT:

Hill and Co Accountants

106 Holme Lane

Hillsborough

Sheffield

South Yorkshire

S6 4JW

FIXED ASSETS

Tangible assets

4

154,884

158,227

CURRENT ASSETS

Stocks

44,000

30,000

Debtors

5

22,175

12,948

Cash at bank

119,831

111,249

186,006

154,197

CREDITORS

Amounts falling due within one year

6

38,589

44,641

NET CURRENT ASSETS

147,417

109,556

TOTAL ASSETS LESS CURRENT LIABILITIES

302,301

267,783

CREDITORS

Amounts falling due after more than one year

7

-

6,704

NET ASSETS

302,301

261,079

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

302,201

260,979

SHAREHOLDERS' FUNDS

302,301

261,079

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2022 and were signed on its behalf by:

M Windle - Director

1.	STATUTORY INFORMATION

Custom Vans & Cosmetic Repair Centre 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.

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2021

151,350

9,394

160,744

Additions

-

4,999

4,999

Disposals

-

(9,704

)

(9,704

)

At 31 March 2022

151,350

4,689

156,039

DEPRECIATION

At 1 April 2021

-

2,517

2,517

Charge for year

-

1,040

1,040

Eliminated on disposal

-

(2,402

)

(2,402

)

At 31 March 2022

-

1,155

1,155

NET BOOK VALUE

At 31 March 2022

151,350

3,534

154,884

At 31 March 2021

151,350

6,877

158,227

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/22

31/3/21

£

£

Trade debtors

21,684

12,457

Other debtors

491

491

22,175

12,948

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/22

31/3/21

£

£

Hire purchase contracts

-

488

Trade creditors

653

607

Taxation and social security

15,961

21,571

Other creditors

21,975

21,975

38,589

44,641

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/22

31/3/21

£

£

Hire purchase contracts

-

6,704