Heritage Vehicle Finance Ltd.,Ltd - Accounts

Heritage Vehicle Finance Ltd.,Ltd - Accounts

HERITAGE VEHICLE FINANCE LIMITED - Company Information

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2014-10-01 true false Private Limited Company 04115599 2015-09-30 04115599 2014-10-01 2015-09-30 04115599 2014-09-30 04115599 2013-10-01 2014-09-30 04115599 uk-bus:Director1 2014-10-01 2015-09-30 04115599 uk-bus:Director2 2014-10-01 2015-09-30 04115599 uk-gaap:AfterOneYear 2015-09-30 04115599 uk-gaap:AfterOneYear 2014-09-30 04115599 uk-bus:OrdinaryShareClass1 2015-09-30 iso4217:GBP
Heritage Vehicle Finance Ltd.
For the year ended 30 September 2015
Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04115599
2
Contents Page
Heritage Vehicle Finance Ltd.
For the year ended 30 September 2015
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Heritage Vehicle Finance Ltd.
As at 30 September 2015
04115599
Registered Number :
£
£
2015
Notes
2014
Current assets
Debtors
1,066,545
1,181,933
Cash at bank and in hand
94,646
119,024
1,276,579
1,185,569
Creditors: amounts falling due within one year
(38,091)
(37,482)
1,147,478
1,239,097
Net current assets
Total assets less current liabilities
1,239,097
1,147,478
Creditors: amounts falling due after more than one year
3
(756,432)
(836,626)
402,471
Net assets
391,046
Capital and reserves
Called up share capital
125,000
4
125,000
Profit and loss account
277,471
266,046
402,471
391,046
Shareholders funds
For the year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 08 December 2015
W. J. Surmacz Director
Signed on behalf of the board of directors
B. F. Surmacz Director
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4
Notes to the Abbreviated Financial Statements
For the year ended 30 September 2015
Heritage Vehicle Finance Ltd.
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the
estimated expected useful economic life of the goodwill of 10 years.
2 Intangible fixed assets
Cost or valuation
Intangible
fixed assets
£
At 01 October 2014
40,000
40,000
At 30 September 2015
Amortisation
40,000
At 01 October 2014
40,000
At 30 September 2015
-
Net Book Values
At 30 September 2015
-
At 30 September 2014
2014
2015
3 Creditors due after more than one year
£
£
836,626
756,432
Bank loans and overdrafts (secured)
Bank loans outstanding at 30 September 2014 amounted to £756,432 (£628,567). Of these amounts falling due
within one year amounted to £401,268 (2013 : £340,953) and amounts due in more than one year amounted to
£355,164 (2013: £287,624).
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5
Notes to the Abbreviated Financial Statements
For the year ended 30 September 2015
Heritage Vehicle Finance Ltd.
4 Share capital
Authorised
125,000 Ordinary Share Class 1 shares of £1.00 each
Allotted called up and fully paid
2015
2014
£
£
125,000 Ordinary Share Class 1 shares of £1.00 each
125,000
125,000
125,000
125,000
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