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Registration number: 06197598

Business Asset & Vehicle Finance Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2017

SRC Time Ltd
Chartered Accountants and Chartered Tax Advisers
2nd Floor
Stanford Gate
South Road
Brighton
East Sussex
BN1 6SB

 

Business Asset & Vehicle Finance Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Financial Statements

4

 

Business Asset & Vehicle Finance Ltd

Company Information

Directors

Mr Stuart Norman Balfour

Mr Clive George Underhill

Registered office

2nd Floor Stanford Gate
South Road
Brighton
East Sussex
BN1 6SB

Accountants

SRC Time Ltd
Chartered Accountants and Chartered Tax Advisers
2nd Floor
Stanford Gate
South Road
Brighton
East Sussex
BN1 6SB

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Business Asset & Vehicle Finance Ltd
for the Year Ended 30 April 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Business Asset & Vehicle Finance Ltd for the year ended 30 April 2017 as set out on pages 3 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Business Asset & Vehicle Finance Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Business Asset & Vehicle Finance Ltd and state those matters that we have agreed to state to the Board of Directors of Business Asset & Vehicle Finance Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Business Asset & Vehicle Finance Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Business Asset & Vehicle Finance 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 Business Asset & Vehicle Finance Ltd. You consider that Business Asset & Vehicle Finance 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 Business Asset & Vehicle Finance 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.

......................................

SRC Time Ltd
Chartered Accountants and Chartered Tax Advisers
2nd Floor
Stanford Gate
South Road
Brighton
East Sussex
BN1 6SB

15 January 2018

 

Business Asset & Vehicle Finance Ltd

(Registration number: 06197598)
Balance Sheet as at 30 April 2017

Note

2017
£

2016
£

Fixed assets

 

139

686

Current assets

 

3,739

6,079

Prepayments and accrued income

 

82

70

Creditors: Amounts falling due within one year

 

(477)

(3,297)

Net current assets

 

3,344

2,852

Total assets less current liabilities

 

3,483

3,538

Accruals and deferred income

 

(1,381)

(1,446)

   

2,102

2,092

Capital and reserves

 

2,102

2,092

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 30 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 15 January 2018 and signed on its behalf by:
 

.........................................

Mr Stuart Norman Balfour

Director

 

Business Asset & Vehicle Finance Ltd

(Registration number: 06197598)
Balance Sheet as at 30 April 2017

Notes to the Financial Statements for the Year Ended 30 April 2017

1

General information

The company is a private company limited by share capital incorporated in United Kingdom.

The address of its registered office is:
2nd Floor Stanford Gate
South Road
Brighton
East Sussex
BN1 6SB
England

The principal place of business is:
Flat 2
32 Sussex Square
Brighton
BN2 5AB

These financial statements were authorised for issue by the Board on 15 January 2018.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.


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