Registered Number:05890003 |
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
Vickers Motors Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
69,258
75,692
3
69,258
75,692
2,840
2,460
4
Trade and other receivables |
10,167
9,539
5
93,102
Cash and cash equivalents |
97,461
109,460
106,109
Trade and other payables: amounts falling due within |
one year |
(108,375)
(98,534)
6
(2,266)
10,926
Net current assets
Total assets less current liabilities |
80,184
73,426
(5,084)
(4,534)
Provisions for liabilities |
75,100
Net assets
68,892
100
100
75,000
68,792
75,100
68,892
Shareholders' funds
For the year ended 31 December 2023 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 year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their 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. |
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For the year ended 31 December 2023
Vickers Motors Limited
Statement of Financial Position Continued
Mr Gary Richard Vickers Director |
These financial statements were approved and authorised for issue by the Board on 14 August 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 December 2023
Vickers Motors Limited
Notes to the Financial Statements
Statutory Information
Vickers Motors Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 05890003. |
23 Brunel Way
Thetford
Norfolk
IP24 1HP
The presentation currency is £ sterling. |
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. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 10 years. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Motor vehicles
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. |
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For the year ended 31 December 2023
Vickers Motors Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
15,500
15,500
15,500
15,500
-
-
3. Property, plant and equipment |
118,073
2,164
64,490
51,419
9,996
-
-
9,996
61,415
64,490
2,164
128,069
Provision for depreciation and impairment |
42,381
1,502
14,915
25,964
Charge for year
16,430
99
12,385
3,946
58,811
1,601
27,300
29,910
31,505
37,190
563
69,258
25,455
49,575
662
75,692
2022
2023
2,460
2,840
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For the year ended 31 December 2023
Vickers Motors Limited
Notes to the Financial Statements Continued
5. Trade and other receivables |
2022
2023
9,539
10,167
6. Trade and other payables: amounts falling due within one year |
2022
2023
29,973
25,668
Taxation and social security |
31,413
42,433
37,148
40,274
98,534
108,375
7. Average number of persons employed |
During the year the average number of employees was 5 (2022 : 5)
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