Abbey Associates Vehicle Solutions Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 07272691 (England and Wales)

Financial Statements

for the Year Ended

31 October 2022

for

Abbey Associates Vehicle Solutions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R S Walker

Miss S L Walker

REGISTERED OFFICE:

Hales Court

Stourbridge Road

Halesowen

West Midllands

B63 3TT

REGISTERED NUMBER:

07272691 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

799

1,066

799

1,066

CURRENT ASSETS

Debtors

6

3,528

4,732

Cash at bank and in hand

36,397

43,898

39,925

48,630

CREDITORS

Amounts falling due within one year

7

7,495

16,531

NET CURRENT ASSETS

32,430

32,099

TOTAL ASSETS LESS CURRENT LIABILITIES

33,229

33,165

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

33,129

33,065

SHAREHOLDERS' FUNDS

33,229

33,165

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 19 July 2023 and were signed on its behalf by:

Miss S L Walker - Director

1.	STATUTORY INFORMATION

Abbey Associates Vehicle Solutions 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2021

and 31 October 2022

1,214

AMORTISATION

At 1 November 2021

and 31 October 2022

1,214

NET BOOK VALUE

At 31 October 2022

-

At 31 October 2021

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2021

and 31 October 2022

17,884

DEPRECIATION

At 1 November 2021

16,818

Charge for year

267

At 31 October 2022

17,085

NET BOOK VALUE

At 31 October 2022

799

At 31 October 2021

1,066

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

1,885

3,415

VAT

630

304

Prepayments

1,013

1,013

3,528

4,732

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

-

36

Amounts owed to group undertakings

6,000

15,000

Accrued expenses

1,495

1,495

7,495

16,531

8.	RELATED PARTY DISCLOSURES

During the year, Abbey Associates Vehicle Solutions Limited charged Fleetcare (Public Sector Car Scheme Management) Limited £9,000 (£NIL 2021) and was charged £NIL (£15,000 2021) from Fleetcare (Public Sector Car Scheme Management) Limited. A company under common control.