Fareham Self-Drive Limited

Fareham Self-Drive Limited

FAREHAM SELF-DRIVE LIMITED - Company Information

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1 January 2023 false No description of principal activity Taxfiler 2024.3 05891936business:PrivateLimitedCompanyLtd2023-01-012023-12-31 058919362022-12-31 058919362023-01-012023-12-31 05891936business:AuditExemptWithAccountantsReport2023-01-012023-12-31 05891936business:FilletedAccounts2023-01-012023-12-31 058919362023-12-31 05891936business:Director12023-01-012023-12-31 05891936business:RegisteredOffice2023-01-012023-12-31 058919362022-12-31 05891936core:WithinOneYear2023-12-31 05891936core:WithinOneYear2022-12-31 05891936core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 05891936core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 05891936core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 05891936core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 05891936core:PreviouslyStatedAmount2023-12-31 05891936core:PreviouslyStatedAmount2022-12-31 05891936business:SmallEntities2023-01-012023-12-31 05891936countries:EnglandWales2023-01-012023-12-31 05891936core:LandBuildings2023-01-012023-12-31 05891936core:PlantMachinery2023-01-012023-12-31 05891936core:MotorVehicles2023-01-012023-12-31 05891936core:ComputerEquipment2023-01-012023-12-31 05891936core:LandBuildings2022-12-31 05891936core:PlantMachinery2022-12-31 05891936core:MotorVehicles2022-12-31 05891936core:ComputerEquipment2022-12-31 05891936core:LandBuildings2023-12-31 05891936core:PlantMachinery2023-12-31 05891936core:MotorVehicles2023-12-31 05891936core:ComputerEquipment2023-12-31 05891936business:Director112023-01-012023-12-31 05891936business:Director112022-12-31 05891936business:Director112023-12-31 058919362022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 05891936 (England and Wales)
Fareham Self-Drive Limited Unaudited accounts for the year ended 31 December 2023
Fareham Self-Drive Limited Unaudited accounts Contents
Page
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Fareham Self-Drive Limited Company Information for the year ended 31 December 2023
Director
Adrian Cooper
Company Number
05891936 (England and Wales)
Registered Office
31 Regent Trade Park, Barwell Lane, Gosport Hampshire PO13 0EQ
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Fareham Self-Drive Limited Accountants' report
Accountants' report to the director of Fareham Self-Drive Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Fareham Self-Drive Limited for the year ended 31 December 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Fareham Self-Drive Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Fareham Self-Drive Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fareham Self-Drive Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Fareham Self-Drive Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Fareham Self-Drive Limited. You consider that Fareham Self-Drive Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Fareham Self-Drive Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 2 May 2024
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Fareham Self-Drive Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
216,808 
232,932 
Current assets
Debtors
5
19,080 
19,080 
Cash at bank and in hand
2,545 
6,803 
21,625 
25,883 
Creditors: amounts falling due within one year
6
(96,785)
(109,402)
Net current liabilities
(75,160)
(83,519)
Net assets
141,648 
149,413 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
140,648 
148,413 
Shareholders' funds
141,648 
149,413 
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 May 2024 and were signed on its behalf by
Adrian Cooper Director Company Registration No. 05891936
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Fareham Self-Drive Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Fareham Self-Drive Limited is a private company, limited by shares, registered in England and Wales, registration number 05891936. The registered office is 31 Regent Trade Park, Barwell, Lane, Gosport, Hampshire, PO13 0EQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
10% reducing balance
Motor vehicles
10% reducing balance
Computer equipment
10% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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Fareham Self-Drive Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
256,980 
3,830 
92,817 
2,475 
356,102 
Disposals
- 
- 
(11,200)
- 
(11,200)
At 31 December 2023
256,980 
3,830 
81,617 
2,475 
344,902 
Depreciation
At 1 January 2023
79,738 
3,040 
38,582 
1,810 
123,170 
Charge for the year
5,140 
79 
4,822 
66 
10,107 
On disposals
- 
- 
(5,183)
- 
(5,183)
At 31 December 2023
84,878 
3,119 
38,221 
1,876 
128,094 
Net book value
At 31 December 2023
172,102 
711 
43,396 
599 
216,808 
At 31 December 2022
177,242 
790 
54,235 
665 
232,932 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
19,080 
19,080 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
1,961 
2,105 
Loans from directors
93,014 
97,301 
Accruals
1,810 
9,996 
96,785 
109,402 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Adrian Cooper
Director Loan Account
(97,301)
(22,204)
(26,491)
(93,014)
(97,301)
(22,204)
(26,491)
(93,014)
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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