2023-01-012023-12-312023-12-31false11424201PLYMOUTH VANS LTD2024-06-2756103iso4217:GBPxbrli:pure114242012023-01-01114242012023-12-31114242012023-01-012023-12-31114242012022-01-01114242012022-12-31114242012022-01-012022-12-3111424201bus:SmallEntities2023-01-012023-12-3111424201bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3111424201bus:FullAccounts2023-01-012023-12-3111424201bus:PrivateLimitedCompanyLtd2023-01-012023-12-3111424201core:WithinOneYear2023-12-3111424201core:AfterOneYear2023-12-3111424201core:WithinOneYear2022-12-3111424201core:AfterOneYear2022-12-3111424201core:ShareCapital2023-12-3111424201core:SharePremium2023-12-3111424201core:RevaluationReserve2023-12-3111424201core:OtherReservesSubtotal2023-12-3111424201core:RetainedEarningsAccumulatedLosses2023-12-3111424201core:ShareCapital2022-12-3111424201core:SharePremium2022-12-3111424201core:RevaluationReserve2022-12-3111424201core:OtherReservesSubtotal2022-12-3111424201core:RetainedEarningsAccumulatedLosses2022-12-3111424201core:LandBuildings2023-12-3111424201core:PlantMachinery2023-12-3111424201core:Vehicles2023-12-3111424201core:FurnitureFittings2023-12-3111424201core:OfficeEquipment2023-12-3111424201core:NetGoodwill2023-12-3111424201core:IntangibleAssetsOtherThanGoodwill2023-12-3111424201core:ListedExchangeTraded2023-12-3111424201core:UnlistedNon-exchangeTraded2023-12-3111424201core:LandBuildings2022-12-3111424201core:PlantMachinery2022-12-3111424201core:Vehicles2022-12-3111424201core:FurnitureFittings2022-12-3111424201core:OfficeEquipment2022-12-3111424201core:NetGoodwill2022-12-3111424201core:IntangibleAssetsOtherThanGoodwill2022-12-3111424201core:ListedExchangeTraded2022-12-3111424201core:UnlistedNon-exchangeTraded2022-12-3111424201core:LandBuildings2023-01-012023-12-3111424201core:PlantMachinery2023-01-012023-12-3111424201core:Vehicles2023-01-012023-12-3111424201core:FurnitureFittings2023-01-012023-12-3111424201core:OfficeEquipment2023-01-012023-12-3111424201core:NetGoodwill2023-01-012023-12-3111424201core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3111424201core:ListedExchangeTraded2023-01-012023-12-3111424201core:UnlistedNon-exchangeTraded2023-01-012023-12-3111424201core:MoreThanFiveYears2023-01-012023-12-3111424201core:Non-currentFinancialInstruments2023-12-3111424201core:Non-currentFinancialInstruments2022-12-3111424201dpl:CostSales2023-01-012023-12-3111424201dpl:DistributionCosts2023-01-012023-12-3111424201core:LandBuildings2023-01-012023-12-3111424201core:PlantMachinery2023-01-012023-12-3111424201core:Vehicles2023-01-012023-12-3111424201core:FurnitureFittings2023-01-012023-12-3111424201core:OfficeEquipment2023-01-012023-12-3111424201dpl:AdministrativeExpenses2023-01-012023-12-3111424201core:NetGoodwill2023-01-012023-12-3111424201core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3111424201dpl:GroupUndertakings2023-01-012023-12-3111424201dpl:ParticipatingInterests2023-01-012023-12-3111424201dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3111424201core:ListedExchangeTraded2023-01-012023-12-3111424201dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3111424201core:UnlistedNon-exchangeTraded2023-01-012023-12-3111424201dpl:CostSales2022-01-012022-12-3111424201dpl:DistributionCosts2022-01-012022-12-3111424201core:LandBuildings2022-01-012022-12-3111424201core:PlantMachinery2022-01-012022-12-3111424201core:Vehicles2022-01-012022-12-3111424201core:FurnitureFittings2022-01-012022-12-3111424201core:OfficeEquipment2022-01-012022-12-3111424201dpl:AdministrativeExpenses2022-01-012022-12-3111424201core:NetGoodwill2022-01-012022-12-3111424201core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3111424201dpl:GroupUndertakings2022-01-012022-12-3111424201dpl:ParticipatingInterests2022-01-012022-12-3111424201dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3111424201core:ListedExchangeTraded2022-01-012022-12-3111424201dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3111424201core:UnlistedNon-exchangeTraded2022-01-012022-12-3111424201core:NetGoodwill2023-12-3111424201core:IntangibleAssetsOtherThanGoodwill2023-12-3111424201core:LandBuildings2023-12-3111424201core:PlantMachinery2023-12-3111424201core:Vehicles2023-12-3111424201core:FurnitureFittings2023-12-3111424201core:OfficeEquipment2023-12-3111424201core:AfterOneYear2023-12-3111424201core:WithinOneYear2023-12-3111424201core:ListedExchangeTraded2023-12-3111424201core:UnlistedNon-exchangeTraded2023-12-3111424201core:ShareCapital2023-12-3111424201core:SharePremium2023-12-3111424201core:RevaluationReserve2023-12-3111424201core:OtherReservesSubtotal2023-12-3111424201core:RetainedEarningsAccumulatedLosses2023-12-3111424201core:NetGoodwill2022-12-3111424201core:IntangibleAssetsOtherThanGoodwill2022-12-3111424201core:LandBuildings2022-12-3111424201core:PlantMachinery2022-12-3111424201core:Vehicles2022-12-3111424201core:FurnitureFittings2022-12-3111424201core:OfficeEquipment2022-12-3111424201core:AfterOneYear2022-12-3111424201core:WithinOneYear2022-12-3111424201core:ListedExc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PLYMOUTH VANS LTD

Registered Number
11424201
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

PLYMOUTH VANS LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

STANLEICK, Brian Michael
WALKER, Mandy

Registered Address

11a Kimberley Park Road
Falmouth
TR11 2DA

Registered Number

11424201 (England and Wales)
PLYMOUTH VANS LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets367,52446,845
67,52446,845
Current assets
Stocks43,0003,000
Debtors5165,659153,722
Cash at bank and on hand304,996238,727
473,655395,449
Creditors amounts falling due within one year6(380,170)(334,893)
Net current assets (liabilities)93,48560,556
Total assets less current liabilities161,009107,401
Creditors amounts falling due after one year7(27,679)(17,466)
Provisions for liabilities9(11,357)(8,901)
Net assets121,97381,034
Capital and reserves
Called up share capital100100
Profit and loss account121,87380,934
Shareholders' funds121,97381,034
The financial statements were approved and authorised for issue by the Board of Directors on 27 June 2024, and are signed on its behalf by:
STANLEICK, Brian Michael
Director
Registered Company No. 11424201
PLYMOUTH VANS LTD
Notes to the Financial Statements
for the year ended 31 December 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.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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 from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
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
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Land and buildings-10
Plant and machinery25-
Vehicles10-
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 balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20232022
Average number of employees during the year1010
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Total

££££
Cost or valuation
At 01 January 2315,5003,51467,21586,229
Additions--28,99528,995
At 31 December 2315,5003,51496,210115,224
Depreciation and impairment
At 01 January 236,2002,76930,41539,384
Charge for year1,5501866,5808,316
At 31 December 237,7502,95536,99547,700
Net book value
At 31 December 237,75055959,21567,524
At 31 December 229,30074536,80046,845
4.Stocks

2023

2022

££
Other stocks3,0003,000
Total3,0003,000
5.Debtors: amounts due within one year

2023

2022

££
Other debtors165,659153,722
Total165,659153,722
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables30,80927,324
Bank borrowings and overdrafts7,0986,923
Taxation and social security77,44555,058
Finance lease and HP contracts6,5583,266
Other creditors255,760239,822
Accrued liabilities and deferred income2,5002,500
Total380,170334,893
7.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts10,36717,466
Other creditors17,312-
Total27,67917,466
8.Obligations under finance leases

2023

2022

££
Finance lease and HP contracts17,312-
9.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)11,3578,901
Total11,3578,901