Registered Number 07076435

SPECIALIST VEHICLE SOLUTIONS LTD.

Abbreviated Accounts

31 March 2014

SPECIALIST VEHICLE SOLUTIONS LTD. Registered Number 07076435

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 47,104 28,751
47,104 28,751
Current assets
Stocks 612,853 503,414
Debtors 191,142 69,120
Cash at bank and in hand 275,613 275,186
1,079,608 847,720
Creditors: amounts falling due within one year (360,706) (312,324)
Net current assets (liabilities) 718,902 535,396
Total assets less current liabilities 766,006 564,147
Creditors: amounts falling due after more than one year (96,723) (159,329)
Provisions for liabilities (5,962) (5,452)
Total net assets (liabilities) 663,321 399,366
Capital and reserves
Called up share capital 100 100
Profit and loss account 663,221 399,266
Shareholders' funds 663,321 399,366
  • For the year ending 31 March 2014 the company was entitled to exemption 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 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.

Approved by the Board on 28 November 2014

And signed on their behalf by:
S A Manning, Director

SPECIALIST VEHICLE SOLUTIONS LTD. Registered Number 07076435

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost accounting rules.

Turnover policy
The turnover represents the sales of goods and services provided, falling within the ordinary activites of the company.

Tangible assets depreciation policy
Depreciation is provided on fixed assets on a reducing balance basis at the following rates:
Plant and Equipment 10%. Fixtures and Fittings 10%. IT Equipment 25%

2Tangible fixed assets
£
Cost
At 1 April 2013 34,043
Additions 21,187
Disposals -
Revaluations -
Transfers -
At 31 March 2014 55,230
Depreciation
At 1 April 2013 5,292
Charge for the year 2,834
On disposals -
At 31 March 2014 8,126
Net book values
At 31 March 2014 47,104
At 31 March 2013 28,751