2017-07-01 10624596 2018-03-31 10624596 2017-07-01 2018-03-31 10624596 uk-core:WithinOneYear 2018-03-31 10624596 uk-core:ShareCapital 2018-03-31 10624596 uk-core:InvestmentPropertiesRevaluationReserve 2018-03-31 10624596 uk-core:RetainedEarningsAccumulatedLosses 2018-03-31 10624596 uk-bus:Director1 2017-07-01 2018-03-31 10624596 uk-core:ComputerEquipment 2017-07-01 2018-03-31 10624596 uk-core:FurnitureFittings 2017-07-01 2018-03-31 10624596 uk-core:PlantMachinery 2017-07-01 2018-03-31 10624596 uk-core:LeaseholdImprovements 2017-07-01 2018-03-31 10624596 uk-core:PlantMachinery 2018-03-31 10624596 uk-core:FurnitureFittings 2018-03-31 10624596 uk-core:ComputerEquipment 2018-03-31 10624596 uk-core:LeaseholdImprovements 2018-03-31 iso4217:GBP 10624596 uk-bus:AuditExemptWithAccountantsReport 2017-07-01 2018-03-31 10624596 uk-bus:FRS102 2017-07-01 2018-03-31 10624596 uk-bus:FullAccounts 2017-07-01 2018-03-31 10624596 uk-bus:PrivateLimitedCompanyLtd 2017-07-01 2018-03-31
VR (Elite, Prestige, Supercars) Ltd
Registered Number:10624596
For the period ended 31 March 2018
England and Wales
Unaudited Financial Statements
2
For the period ended 31 March 2018
VR (Elite, Prestige, Supercars) Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 March 2018
VR (Elite, Prestige, Supercars) Ltd
Statement of Financial Position
Registered Number :
10624596
£
2018
Notes
Fixed assets
Property, plant and equipment
271,786
2
271,786
Current assets
Inventories
1,591,031
3
Trade and other receivables
270,746
4
Cash and cash equivalents
42,634
1,904,411
Trade and other payables: amounts falling due within one
year
(2,057,849)
5
(153,438)
Net current liabilities
Total assets less current liabilities
118,348
118,348
Net assets/liabilities
Capital and reserves
Called up share capital
201
Fair value reserve
125,000
Retained earnings
(6,853)
118,348
Shareholders' funds
For the period ended 31 March 2018 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 of its financial statements for the period ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Steven James Hibbert Director
These financial statements were approved and authorised for issue by the Board on 03 September 2018 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the period ended 31 March 2018
VR (Elite, Prestige, Supercars) Ltd
Notes to the Financial Statements
Statutory Information
VR (Elite, Prestige, Supercars) Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 10624596.
Registered address:
Two Mills
Parkgate Road
Ellesmere Port
Chester
CH66 9PD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Plant and
Machinery
Leasehold
Improvements
£
£
£
£
£
Cost or
valuation
164,281
20,367
82,885
460
60,569
Additions
125,000
-
125,000
-
-
Revaluations
At 31 March 2018
460
207,885
20,367
289,281
60,569
Provision for depreciation and impairment
Charge for period
17,495
2,291
8,352
47
6,805
At 31 March 2018
17,495
2,291
8,352
47
6,805
At 31 March 2018
Net book value
53,764
413
199,533
18,076
271,786
3. Inventories
2018
£
Stocks
1,591,031
2 of 3
5
For the period ended 31 March 2018
VR (Elite, Prestige, Supercars) Ltd
Notes to the Financial Statements Continued
4. Trade and other receivables
2018
£
Trade debtors
220,429
Other debtors
50,317
270,746
5. Trade and other payables: amounts falling due within one year
2018
£
Trade creditors
278,030
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
975,000
Taxation and social security
55,839
Other creditors
748,980
2,057,849
3 of 3