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REGISTERED NUMBER: 07076435 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2017

FOR

SPECIALIST VEHICLE SOLUTIONS LTD

SPECIALIST VEHICLE SOLUTIONS LTD (REGISTERED NUMBER: 07076435)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPECIALIST VEHICLE SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2017







Director: S Manning





Secretary: Mrs V Manning





Registered office: 36 Gospel End Road
Sedgley
Dudley
West Midlands
DY3 3YT





Registered number: 07076435 (England and Wales)





Accountants: Bamford Tiffen
19 Maney Corner
Sutton Coldfield
West Midlands
B72 1QL

SPECIALIST VEHICLE SOLUTIONS LTD (REGISTERED NUMBER: 07076435)

BALANCE SHEET
31ST MARCH 2017

2016 2017
£    £    Notes £    £   
FIXED ASSETS
66,137 Tangible assets 4 61,488

CURRENT ASSETS
797,284 Stocks 894,639
361,601 Debtors 5 224,400
506,514 Cash at bank and in hand 799,382
1,665,399 1,918,421
CREDITORS
218,144 Amounts falling due within one year 6 220,570
1,447,255 NET CURRENT ASSETS 1,697,851
1,513,392 TOTAL ASSETS LESS CURRENT
LIABILITIES

1,759,339

CREDITORS
(183,082 ) Amounts falling due after more than one
year

7

(142,040

)

(7,335 ) PROVISIONS FOR LIABILITIES (6,523 )
1,322,975 NET ASSETS 1,610,776

CAPITAL AND RESERVES
200 Called up share capital 200
1,322,775 Retained earnings 1,610,576
1,322,975 SHAREHOLDERS' FUNDS 1,610,776

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

SPECIALIST VEHICLE SOLUTIONS LTD (REGISTERED NUMBER: 07076435)

BALANCE SHEET - continued
31ST MARCH 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 15th December 2017 and were signed by:





S Manning - Director


SPECIALIST VEHICLE SOLUTIONS LTD (REGISTERED NUMBER: 07076435)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2017

1. Statutory information

SPECIALIST VEHICLE SOLUTIONS LTD is a private company, limited by shares , registered in
England and Wales. The company's registered number and registered office address can be found on
the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. Employees and directors

The average number of employees during the year was 5 .

SPECIALIST VEHICLE SOLUTIONS LTD (REGISTERED NUMBER: 07076435)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2017

4. Tangible fixed assets
Fixtures
Freehold Plant and and
Totals property machinery fittings
£    £    £    £   
Cost
At 1st April 2016
and 31st March 2017 82,468 29,463 34,381 18,624
Depreciation
At 1st April 2016 16,331 - 12,248 4,083
Charge for year 4,649 590 2,606 1,453
At 31st March 2017 20,980 590 14,854 5,536
Net book value
At 31st March 2017 61,488 28,873 19,527 13,088
At 31st March 2016 66,137 29,463 22,133 14,541

5. Debtors: amounts falling due within one year
2017 2016
£    £   
Trade debtors 209,305 359,362
Amounts owed by associates 2,263 173
Prepayments 12,832 2,066
224,400 361,601

6. Creditors: amounts falling due within one year
2017 2016
£    £   
Trade creditors 42,240 27,388
Taxation and social security 128,364 131,127
Other creditors 49,966 59,629
220,570 218,144

7. Creditors: amounts falling due after more than one year
2017 2016
£    £   
Directors Loan Account 142,040 183,082

8. First year adoption

The financial statements for the period are the first financial statements that comply with FRS 102
Section 1A for small entities. The date of transition is 1 January 2015.
The transition to FRS 102 Section 1A for small entities has not resulted in any changes to the
accounting policies.
The financial statements have been prepared under the historical cost convention.