2022-03-012023-08-312023-08-31false01221795VAN BODIES (LANCS) LIMITED2024-08-1329201iso4217:GBPxbrli:pure012217952022-03-01012217952023-08-31012217952022-03-012023-08-31012217952021-03-01012217952022-02-28012217952021-03-012022-02-2801221795bus:SmallEntities2022-03-012023-08-3101221795bus:AuditExempt-NoAccountantsReport2022-03-012023-08-3101221795bus:FullAccounts2022-03-012023-08-3101221795bus:PrivateLimitedCompanyLtd2022-03-012023-08-3101221795core:WithinOneYear2023-08-3101221795core:AfterOneYear2023-08-3101221795core:WithinOneYear2022-02-2801221795core:AfterOneYear2022-02-2801221795core:ShareCapital2023-08-3101221795core:SharePremium2023-08-3101221795core:RevaluationReserve2023-08-3101221795core:OtherReservesSubtotal2023-08-3101221795core:RetainedEarningsAccumulatedLosses2023-08-3101221795core:ShareCapital2022-02-2801221795core:SharePremium2022-02-2801221795core:RevaluationReserve2022-02-2801221795core:OtherReservesSubtotal2022-02-2801221795core:RetainedEarningsAccumulatedLosses2022-02-2801221795core:LandBuildings2023-08-3101221795core:PlantMachinery2023-08-3101221795core:Vehicles2023-08-3101221795core:FurnitureFittings2023-08-3101221795core:OfficeEquipment2023-08-3101221795core:NetGoodwill2023-08-3101221795core:IntangibleAssetsOtherThanGoodwill2023-08-3101221795core:ListedExchangeTraded2023-08-3101221795core:UnlistedNon-exchangeTraded2023-08-3101221795core:LandBuildings2022-02-2801221795core:PlantMachinery2022-02-2801221795core:Vehicles2022-02-2801221795core:FurnitureFittings2022-02-2801221795core:OfficeEquipment2022-02-2801221795core:NetGoodwill2022-02-2801221795core:IntangibleAssetsOtherThanGoodwill2022-02-2801221795core:ListedExchangeTraded2022-02-2801221795core:UnlistedNon-exchangeTraded2022-02-2801221795core:LandBuildings2022-03-012023-08-3101221795core:PlantMachinery2022-03-012023-08-3101221795core:Vehicles2022-03-012023-08-3101221795core:FurnitureFittings2022-03-012023-08-3101221795core:OfficeEquipment2022-03-012023-08-3101221795core:NetGoodwill2022-03-012023-08-3101221795core:IntangibleAssetsOtherThanGoodwill2022-03-012023-08-3101221795core:ListedExchangeTraded2022-03-012023-08-3101221795core:UnlistedNon-exchangeTraded2022-03-012023-08-3101221795core:MoreThanFiveYears2022-03-012023-08-3101221795core:Non-currentFinancialInstruments2023-08-3101221795core:Non-currentFinancialInstruments2022-02-2801221795dpl:CostSales2022-03-012023-08-3101221795dpl:DistributionCosts2022-03-012023-08-3101221795core:LandBuildings2022-03-012023-08-3101221795core:PlantMachinery2022-03-012023-08-3101221795core:Vehicles2022-03-012023-08-3101221795core:FurnitureFittings2022-03-012023-08-3101221795core:OfficeEquipment2022-03-012023-08-3101221795dpl:AdministrativeExpenses2022-03-012023-08-3101221795core:NetGoodwill2022-03-012023-08-3101221795core:IntangibleAssetsOtherThanGoodwill2022-03-012023-08-3101221795dpl:GroupUndertakings2022-03-012023-08-3101221795dpl:ParticipatingInterests2022-03-012023-08-3101221795dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-08-3101221795core:ListedExchangeTraded2022-03-012023-08-3101221795dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-08-3101221795core:UnlistedNon-exchangeTraded2022-03-012023-08-3101221795dpl:CostSales2021-03-012022-02-2801221795dpl:DistributionCosts2021-03-012022-02-2801221795core:LandBuildings2021-03-012022-02-2801221795core:PlantMachinery2021-03-012022-02-2801221795core:Vehicles2021-03-012022-02-2801221795core:FurnitureFittings2021-03-012022-02-2801221795core:OfficeEquipment2021-03-012022-02-2801221795dpl:AdministrativeExpenses2021-03-012022-02-2801221795core:NetGoodwill2021-03-012022-02-2801221795core:IntangibleAssetsOtherThanGoodwill2021-03-012022-02-2801221795dpl:GroupUndertakings2021-03-012022-02-2801221795dpl:ParticipatingInterests2021-03-012022-02-2801221795dpl:GroupUndertakingscore:ListedExchangeTraded2021-03-012022-02-2801221795core:ListedExchangeTraded2021-03-012022-02-2801221795dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-03-012022-02-2801221795core:UnlistedNon-exchangeTraded2021-03-012022-02-2801221795core:NetGoodwill2023-08-3101221795core:IntangibleAssetsOtherThanGoodwill2023-08-3101221795core:LandBuildings2023-08-3101221795core:PlantMachinery2023-08-3101221795core:Vehicles2023-08-3101221795core:FurnitureFittings2023-08-3101221795core:OfficeEquipment2023-08-3101221795core:AfterOneYear2023-08-3101221795core:WithinOneYear2023-08-3101221795core:ListedExchangeTraded2023-08-3101221795core:UnlistedNon-exchangeTraded2023-08-3101221795core:ShareCapital2023-08-3101221795core:SharePremium2023-08-3101221795core:RevaluationReserve2023-08-3101221795core:OtherReservesSubtotal2023-08-3101221795core:RetainedEarningsAccumulatedLosses2023-08-3101221795core:NetGoodwill2022-02-2801221795core:IntangibleAssetsOtherThanGoodwill2022-02-2801221795core:LandBuildings2022-02-2801221795core:PlantMachinery2022-02-2801221795core:Vehicles2022-02-2801221795core:FurnitureFittings2022-02-2801221795core:OfficeEquipment2022-02-2801221795core:AfterOneYear2022-02-2801221795core:WithinOneYear2022-02-2801221795core:ListedExchangeTraded2022-02-2801221795core:UnlistedNon-exchangeTraded2022-02-2801221795core:ShareCapital2022-02-2801221795core:SharePremium2022-02-2801221795core:RevaluationReserve2022-02-2801221795core:OtherReservesSubtotal2022-02-2801221795core:RetainedEarningsAccumulatedLosses2022-02-2801221795core:NetGoodwill2021-03-0101221795core:IntangibleAssetsOtherThanGoodwill2021-03-0101221795core:LandBuildings2021-03-0101221795core:PlantMachinery2021-03-0101221795core:Vehicles2021-03-0101221795core:FurnitureFittings2021-03-0101221795core:OfficeEquipment2021-03-0101221795core:AfterOneYear2021-03-0101221795core:WithinOneYear2021-03-0101221795core:ListedExchangeTraded2021-03-0101221795core:UnlistedNon-exchangeTraded2021-03-0101221795core:ShareCapital2021-03-0101221795core:SharePremium2021-03-0101221795core:RevaluationReserve2021-03-0101221795core:OtherReservesSubtotal2021-03-0101221795core:RetainedEarningsAccumulatedLosses2021-03-0101221795core:AfterOneYear2022-03-012023-08-3101221795core:WithinOneYear2022-03-012023-08-3101221795core:Non-currentFinancialInstrumentscore:CostValuation2022-03-012023-08-3101221795core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-03-012023-08-3101221795core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-03-012023-08-3101221795core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-03-012023-08-3101221795core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-03-012023-08-3101221795core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-03-012023-08-3101221795core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-03-012023-08-3101221795core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-03-012023-08-3101221795core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-03-012023-08-3101221795core:Non-currentFinancialInstrumentscore:CostValuation2023-08-3101221795core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-08-3101221795core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-08-3101221795core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-08-3101221795core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-08-3101221795core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-08-3101221795core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-08-3101221795core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-08-3101221795core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-08-3101221795core:Non-currentFinancialInstrumentscore:CostValuation2022-02-2801221795core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-02-2801221795core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-02-2801221795core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-02-2801221795core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-02-2801221795core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-02-2801221795core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-02-2801221795core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-02-2801221795core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-02-2801221795bus:Director12022-03-012023-08-3101221795bus:Director22022-03-012023-08-3101221795core:FurnitureFittingsToolsEquipment2022-02-2801221795core:FurnitureFittingsToolsEquipment2022-03-012023-08-3101221795core:FurnitureFittingsToolsEquipment2023-08-31

VAN BODIES (LANCS) LIMITED

Registered Number
01221795
(England and Wales)

Unaudited Financial Statements for the Period ended
31 August 2023

VAN BODIES (LANCS) LIMITED
Company Information
for the period from 1 March 2022 to 31 August 2023

Directors

BAMBER, Morag
STEVENSON, Robert

Company Secretary

BAMBER, Morag

Registered Address

Eastgate
White Lund Industrial Estate
Morecambe
LA3 3DY

Registered Number

01221795 (England and Wales)
VAN BODIES (LANCS) LIMITED
Statement of Financial Position
31 August 2023

Notes

31 Aug 2023

28 Feb 2022

£

£

£

£

Fixed assets
Tangible assets372,74346,868
72,74346,868
Current assets
Stocks5105,16249,754
Debtors6385,138429,611
Cash at bank and on hand112689
490,412480,054
Creditors amounts falling due within one year7(535,117)(415,338)
Net current assets (liabilities)(44,705)64,716
Total assets less current liabilities28,038111,584
Creditors amounts falling due after one year8(177,385)(89,219)
Provisions for liabilities10-(7,151)
Net assets(149,347)15,214
Capital and reserves
Called up share capital2,0102,010
Profit and loss account(151,357)13,204
Shareholders' funds(149,347)15,214
The financial statements were approved and authorised for issue by the Board of Directors on 13 August 2024, and are signed on its behalf by:
BAMBER, Morag
Director
Registered Company No. 01221795
VAN BODIES (LANCS) LIMITED
Notes to the Financial Statements
for the period ended 31 August 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Going concern
At the balance sheet date the company's balance sheet was overdrawn showing a net deficit. The major creditor of the company is the Directors. They have confirmed that they will not demand repayment of this loan if it would prejudice the payment of external creditors. They have confirmed that they will continue to support the business. The business has recently returned to profitability and has traded profitably over recent months. The directors of the business plan to continue to trade until an acceptable offer has been received for their property. For the above reasons the company continues to adopt the going concern basis for these financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows: Plant and machinery - 20% reducing balance Fixtures and fittings - 15%/25% reducing balance and 1/3 straight line Vehicles - 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20232022
Average number of employees during the year88
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Total

££££
Cost or valuation
At 01 March 2243,25978,95140,561162,771
Additions-59,202-59,202
Disposals-(31,589)-(31,589)
At 31 August 2343,259106,56440,561190,384
Depreciation and impairment
At 01 March 2240,11036,80638,987115,903
Charge for year9456,3528248,121
On disposals-(6,383)-(6,383)
At 31 August 2341,05536,77539,811117,641
Net book value
At 31 August 232,20469,78975072,743
At 28 February 223,14942,1451,57446,868
4.Impairment of tangible fixed assets
At each reporting period end date. the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any)
5.Stocks

2023

2022

££
Raw materials and consumables105,16249,754
Total105,16249,754
6.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables5,95711,472
Amounts owed by group undertakings357,186354,055
Other debtors20,57263,556
Prepayments and accrued income1,423528
Total385,138429,611
7.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables109,91659,614
Bank borrowings and overdrafts79,739153,530
Amounts owed to related parties234,14667,598
Taxation and social security50,54733,355
Finance lease and HP contracts8,2487,648
Other creditors45,39184,787
Accrued liabilities and deferred income7,1308,806
Total535,117415,338
Included in creditors due in less than one year are balances totalling £28,408 (2022 - £107,928) which are secured by the company. There is a legal charge in place, in respect of the company bank, over the land and assets of the company.
8.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts115,24458,500
Other creditors62,14130,719
Total177,38589,219
Included in creditors due in more than one year are balances totalling £177,385 (2022 - £89,219) which are secured by the company
9.Obligations under finance leases

2023

2022

££
Finance lease and HP contracts62,14130,719
10.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)-7,151
Total-7,151
11.Operating lease commitments
At 31 August 2023 the company had future minimum lease payments under non-cancellable operating leases of £Nil (2022 - £162).
12.Parent-subsidiary relationships
The shares in the company are held by the parent company, VB Properties Limited, a company registered in England & Wales.