2023-01-01 05890003 2023-12-31 05890003 2023-01-01 2023-12-31 05890003 2022-12-31 05890003 2022-01-01 2022-12-31 05890003 uk-core:WithinOneYear 2022-12-31 05890003 uk-core:WithinOneYear 2023-12-31 05890003 uk-core:ShareCapital 2023-12-31 05890003 uk-core:ShareCapital 2022-12-31 05890003 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 05890003 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 05890003 uk-bus:Director1 2023-01-01 2023-12-31 05890003 uk-core:NetGoodwill 2023-01-01 2023-12-31 05890003 uk-core:PlantMachinery 2023-01-01 2023-12-31 05890003 uk-core:MotorCars 2023-01-01 2023-12-31 05890003 uk-core:FurnitureFittings 2023-01-01 2023-12-31 05890003 uk-core:Goodwill 2022-12-31 05890003 uk-core:Goodwill 2023-12-31 05890003 uk-core:FurnitureFittings 2022-12-31 05890003 uk-core:MotorCars 2022-12-31 05890003 uk-core:PlantMachinery 2022-12-31 05890003 uk-core:PlantMachinery 2023-12-31 05890003 uk-core:MotorCars 2023-12-31 05890003 uk-core:FurnitureFittings 2023-12-31 iso4217:GBP xbrli:pure 05890003 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05890003 uk-bus:FRS102 2023-01-01 2023-12-31 05890003 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 05890003 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Vickers Motors Limited
Registered Number:05890003
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
Registered Number :
05890003
As at 31 December 2023
Vickers Motors Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
69,258
75,692
3
69,258
75,692
Current assets
Inventories
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
Capital and reserves
Called up share capital
100
100
Retained earnings
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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Registered Number :
05890003
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.
Registered address:
23 Brunel Way
Thetford
Norfolk
IP24 1HP
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.
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
15% Reducing balance
25% Reducing balance
Motor vehicles
15% Reducing balance
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
Cost or valuation
£
At 01 January 2023
15,500
At 31 December 2023
15,500
Amortisation
At 01 January 2023
15,500
At 31 December 2023
15,500
Net book value
At 31 December 2023
-
At 31 December 2022
-
3. Property, plant and equipment
Total
Fixtures and
fittings
Motor
vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 January 2023
118,073
2,164
64,490
51,419
9,996
-
-
9,996
Additions
At 31 December 2023
61,415
64,490
2,164
128,069
Provision for depreciation and impairment
At 01 January 2023
42,381
1,502
14,915
25,964
Charge for year
16,430
99
12,385
3,946
At 31 December 2023
58,811
1,601
27,300
29,910
At 31 December 2023
Net book value
31,505
37,190
563
69,258
At 31 December 2022
25,455
49,575
662
75,692
4. Inventories
2022
2023
£
£
Stocks
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
£
£
Trade debtors
9,539
10,167
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
29,973
25,668
Taxation and social security
31,413
42,433
Other creditors
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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