AFFORDABLE MINIBUSES LTD


2022-04-012023-03-312023-03-31false13306956AFFORDABLE MINIBUSES 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AFFORDABLE MINIBUSES LTD

Registered Number
13306956
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

AFFORDABLE MINIBUSES LTD
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

DURANT, Terence
DURANT, Terry

Registered Address

27 Purleigh Avenue
Woodford Green
IG8 8DU

Registered Number

13306956 (England and Wales)
AFFORDABLE MINIBUSES LTD
Statement of Financial Position
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets333,65622,984
33,65622,984
Current assets
Debtors10,69527,139
Cash at bank and on hand74,10641,274
84,80168,413
Creditors amounts falling due within one year(13,141)(18,628)
Net current assets (liabilities)71,66049,785
Total assets less current liabilities105,31672,769
Creditors amounts falling due after one year(26,132)(20,305)
Net assets79,18452,464
Capital and reserves
Profit and loss account79,18452,464
Shareholders' funds79,18452,464
  • The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
  • The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved and authorised for issue by the Board of Directors on 8 February 2024, and are signed on its behalf by:
DURANT, Terence
Director
Registered Company No. 13306956
AFFORDABLE MINIBUSES LTD
Notes to the Financial Statements
for the year ended 31 March 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Plant and machinery: 20% Straight line; Motor vehicles: 20% Straight line.
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 2225,038
Additions17,750
At 31 March 2342,788
Depreciation and impairment
At 01 April 222,054
Charge for year7,078
At 31 March 239,132
Net book value
At 31 March 2333,656
At 31 March 2222,984