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Company Registration No. 09318226 (England and Wales)
Victoria Autos Limited Unaudited accounts for the year ended 30 November 2023
Victoria Autos Limited Unaudited accounts Contents
Page
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Victoria Autos Limited Company Information for the year ended 30 November 2023
Director
Muhammad Rizwan
Company Number
09318226 (England and Wales)
Registered Office
5 Lowewood Road Romford Essex RM3 7GJ
Accountants
Capital Accounting Solutions 277-279 Bethnal Green Road London E2 6AH
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Victoria Autos Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,005 
5,103 
Current assets
Cash at bank and in hand
10,853 
836 
Creditors: amounts falling due within one year
(174,453)
(129,822)
Net current liabilities
(163,600)
(128,986)
Total assets less current liabilities
(146,595)
(123,883)
Creditors: amounts falling due after more than one year
(35,734)
(41,637)
Net liabilities
(182,329)
(165,520)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(182,330)
(165,521)
Shareholders' funds
(182,329)
(165,520)
For the year ending 30 November 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 August 2024 and were signed on its behalf by
Muhammad Rizwan Director Company Registration No. 09318226
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Victoria Autos Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Victoria Autos Limited is a private company, limited by shares, registered in England and Wales, registration number 09318226. The registered office is 5 Lowewood Road, Romford, Essex, RM3 7GJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on straight line
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 December 2022
118,629 
Additions
22,673 
At 30 November 2023
141,302 
Depreciation
At 1 December 2022
113,526 
Charge for the year
10,771 
At 30 November 2023
124,297 
Net book value
At 30 November 2023
17,005 
At 30 November 2022
5,103 
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Victoria Autos Limited Notes to the Accounts for the year ended 30 November 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
(2,750)
202 
Other creditors
80,977 
58,304 
Loans from directors
93,226 
67,316 
Accruals
3,000 
4,000 
174,453 
129,822 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
35,734 
41,637 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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