Company Registration No. 04543682 (England and Wales)
COTSWOLD VAN CENTRE LTD
Unaudited accounts
for the year ended 31 January 2022
COTSWOLD VAN CENTRE LTD
Unaudited accounts
Contents
COTSWOLD VAN CENTRE LTD
Company Information
for the year ended 31 January 2022
Director
Thomas James Ingram
Company Number
04543682 (England and Wales)
Registered Office
COTSWOLD VAN CENTRE COTSWOLD VAN CENTRE
SHURDINGTON ROAD
SHURDINGTON CHELTENHAM
GLOUCESTERSHIRE
GL51 4XA
Accountants
Henshaws Accountants
Office 7
37-39 Shakespeare Street
Southport
PR8 5AB
COTSWOLD VAN CENTRE LTD
Statement of financial position
as at
31 January 2022
Intangible assets
33,750
33,750
Tangible assets
26,697
21,440
Inventories
399,487
428,182
Cash at bank and in hand
(22,913)
1,687
Creditors: amounts falling due within one year
(129,689)
(213,957)
Net current assets
258,043
230,534
Total assets less current liabilities
318,490
285,724
Creditors: amounts falling due after more than one year
(160,888)
(50,000)
Provisions for liabilities
Deferred tax
(3,295)
(3,295)
Net assets
154,307
232,429
Called up share capital
100
100
Profit and loss account
154,207
232,329
Shareholders' funds
154,307
232,429
For the year ending 31 January 2022 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 20 February 2022 and were signed on its behalf by
Thomas James Ingram
Director
Company Registration No. 04543682
COTSWOLD VAN CENTRE LTD
Notes to the Accounts
for the year ended 31 January 2022
COTSWOLD VAN CENTRE LTD is a private company, limited by shares, registered in England and Wales, registration number 04543682. The registered office is COTSWOLD VAN CENTRE COTSWOLD VAN CENTRE, SHURDINGTON ROAD, SHURDINGTON CHELTENHAM, GLOUCESTERSHIRE, GL51 4XA.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Written off in a straight line over the useful life
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 1 February 2021
225,000
At 31 January 2022
225,000
At 1 February 2021
191,250
At 31 January 2022
191,250
At 31 January 2022
33,750
At 31 January 2021
33,750
COTSWOLD VAN CENTRE LTD
Notes to the Accounts
for the year ended 31 January 2022
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2021
45,892
50,260
30,600
31,311
158,063
Additions
11,887
5,010
-
-
16,897
At 31 January 2022
57,779
55,270
30,600
31,311
174,960
At 1 February 2021
40,180
40,088
26,570
29,785
136,623
Charge for the year
7,014
3,214
1,007
405
11,640
At 31 January 2022
47,194
43,302
27,577
30,190
148,263
At 31 January 2022
10,585
11,968
3,023
1,121
26,697
At 31 January 2021
5,712
10,172
4,030
1,526
21,440
6
Debtors: amounts falling due within one year
2022
2021
Trade debtors
4,524
10,205
Accrued income and prepayments
4,084
-
Other debtors
2,550
4,417
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
37,866
20,141
Trade creditors
34,100
95,631
Taxes and social security
40,821
47,817
Loans from directors
93
28,688
8
Creditors: amounts falling due after more than one year
2022
2021
Loans from directors
117,000
-
9
Average number of employees
During the year the average number of employees was 0 (2021: 0).