Company Registration No. 08640933 (England and Wales)
Essex Valeting Centre Ltd
Unaudited accounts
for the year ended 31 August 2019
Essex Valeting Centre Ltd
Unaudited accounts
Contents
Essex Valeting Centre Ltd
Company Information
for the year ended 31 August 2019
Company Number
08640933 (England and Wales)
Registered Office
41 ROBJOHNS ROAD
CHELMSFORD
ESSEX
CM1 3AG
Accountants
Major's Accounts & Co Ltd
118 Sydenham Road
Sydenham
London
SE26 5JX
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Essex Valeting Centre Ltd
for the year ended 31 August 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Essex Valeting Centre Ltd for the year ended
31 August 2019 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Essex Valeting Centre Ltd, as a body, in accordance with the terms of our engagement letter dated 23 March 2015. Our work has been undertaken solely to prepare for your approval the accounts of Essex Valeting Centre Ltd and state those matters that we have agreed to state to the Board of Directors of Essex Valeting Centre Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Essex Valeting Centre Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Essex Valeting Centre Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Essex Valeting Centre Ltd. You consider that Essex Valeting Centre Ltd 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 Essex Valeting Centre Ltd. 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.
Major's Accounts & Co Ltd
Chartered Certified Accountants
118 Sydenham Road
Sydenham
London
SE26 5JX
3 April 2020
Essex Valeting Centre Ltd
Statement of financial position
as at
31 August 2019
Tangible assets
2,371
2,891
Cash at bank and in hand
15,147
15,477
Creditors: amounts falling due within one year
(19,833)
(19,480)
Net current assets/(liabilities)
1,320
(2,803)
Called up share capital
1
1
Profit and loss account
3,690
87
Shareholders' funds
3,691
88
For the year ending 31 August 2019 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.
Approved by the Board on 3 April 2020.
Muhamet Potoku
Director
Company Registration No. 08640933
Essex Valeting Centre Ltd
Notes to the Accounts
for the year ended 31 August 2019
Essex Valeting Centre Ltd is a private company, limited by shares, registered in England and Wales, registration number 08640933. The registered office is 41 ROBJOHNS ROAD, CHELMSFORD, ESSEX, CM1 3AG.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Plant & machinery
18% Reducing balance
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 1 September 2018
4,300
At 1 September 2018
1,409
Trade debtors
6,006
1,200
Essex Valeting Centre Ltd
Notes to the Accounts
for the year ended 31 August 2019
6
Creditors: amounts falling due within one year
2019
2018
Trade creditors
2,313
2,265
Taxes and social security
15,636
11,825
Loans from directors
1,645
5,390
7
Share capital
2019
2018
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 10 (2018: 12).