2023-05-012024-04-302024-04-30false06402186THE VAN FRANCHISE LTD2024-07-17iso4217:GBPxbrli:pure064021862023-05-01064021862024-04-30064021862023-05-012024-04-30064021862022-05-01064021862023-04-30064021862022-05-012023-04-3006402186bus:SmallEntities2023-05-012024-04-3006402186bus:AuditExempt-NoAccountantsReport2023-05-012024-04-3006402186bus:FullAccounts2023-05-012024-04-3006402186bus:PrivateLimitedCompanyLtd2023-05-012024-04-3006402186core:WithinOneYear2024-04-3006402186core:AfterOneYear2024-04-3006402186core:WithinOneYear2023-04-3006402186core:AfterOneYear2023-04-3006402186core:ShareCapital2024-04-3006402186core:SharePremium2024-04-3006402186core:RevaluationReserve2024-04-3006402186core:OtherReservesSubtotal2024-04-3006402186core:RetainedEarningsAccumulatedLosses2024-04-3006402186core:ShareCapital2023-04-3006402186core:SharePremium2023-04-3006402186core:RevaluationReserve2023-04-3006402186core:OtherReservesSubtotal2023-04-3006402186core:RetainedEarningsAccumulatedLosses2023-04-3006402186core:LandBuildings2024-04-3006402186core:PlantMachinery2024-04-3006402186core:Vehicles2024-04-3006402186core:FurnitureFittings2024-04-3006402186core:OfficeEquipment2024-04-3006402186core:NetGoodwill2024-04-3006402186core:IntangibleAssetsOtherThanGoodwill2024-04-3006402186core:ListedExchangeTraded2024-04-3006402186core:UnlistedNon-exchangeTraded2024-04-3006402186core:LandBuildings2023-04-3006402186core:PlantMachinery2023-04-3006402186core:Vehicles2023-04-3006402186core:FurnitureFittings2023-04-3006402186core:OfficeEquipment2023-04-3006402186core:NetGoodwill2023-04-3006402186core:IntangibleAssetsOtherThanGoodwill2023-04-3006402186core:ListedExchangeTraded2023-04-3006402186core:UnlistedNon-exchangeTraded2023-04-3006402186core:LandBuildings2023-05-012024-04-3006402186core:PlantMachinery2023-05-012024-04-3006402186core:Vehicles2023-05-012024-04-3006402186core:FurnitureFittings2023-05-012024-04-3006402186core:OfficeEquipment2023-05-012024-04-3006402186core:NetGoodwill2023-05-012024-04-3006402186core:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3006402186core:ListedExchangeTraded2023-05-012024-04-3006402186core:UnlistedNon-exchangeTraded2023-05-012024-04-3006402186core:MoreThanFiveYears2023-05-012024-04-3006402186core:Non-currentFinancialInstruments2024-04-3006402186core:Non-currentFinancialInstruments2023-04-3006402186dpl:CostSales2023-05-012024-04-3006402186dpl:DistributionCosts2023-05-012024-04-3006402186core:LandBuildings2023-05-012024-04-3006402186core:PlantMachinery2023-05-012024-04-3006402186core:Vehicles2023-05-012024-04-3006402186core:FurnitureFittings2023-05-012024-04-3006402186core:OfficeEquipment2023-05-012024-04-3006402186dpl:AdministrativeExpenses2023-05-012024-04-3006402186core:NetGoodwill2023-05-012024-04-3006402186core:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3006402186dpl:GroupUndertakings2023-05-012024-04-3006402186dpl:ParticipatingInterests2023-05-012024-04-3006402186dpl:GroupUndertakingscore:ListedExchangeTraded2023-05-012024-04-3006402186core:ListedExchangeTraded2023-05-012024-04-3006402186dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-05-012024-04-3006402186core:UnlistedNon-exchangeTraded2023-05-012024-04-3006402186dpl:CostSales2022-05-012023-04-3006402186dpl:DistributionCosts2022-05-012023-04-3006402186core:LandBuildings2022-05-012023-04-3006402186core:PlantMachinery2022-05-012023-04-3006402186core:Vehicles2022-05-012023-04-3006402186core:FurnitureFittings2022-05-012023-04-3006402186core:OfficeEquipment2022-05-012023-04-3006402186dpl:AdministrativeExpenses2022-05-012023-04-3006402186core:NetGoodwill2022-05-012023-04-3006402186core:IntangibleAssetsOtherThanGoodwill2022-05-012023-04-3006402186dpl:GroupUndertakings2022-05-012023-04-3006402186dpl:ParticipatingInterests2022-05-012023-04-3006402186dpl:GroupUndertakingscore:ListedExchangeTraded2022-05-012023-04-3006402186core:ListedExchangeTraded2022-05-012023-04-3006402186dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-05-012023-04-3006402186core:UnlistedNon-exchangeTraded2022-05-012023-04-3006402186core:NetGoodwill2024-04-3006402186core:IntangibleAssetsOtherThanGoodwill2024-04-3006402186core:LandBuildings2024-04-3006402186core:PlantMachinery2024-04-3006402186core:Vehicles2024-04-3006402186core:FurnitureFittings2024-04-3006402186core:OfficeEquipment2024-04-3006402186core:AfterOneYear2024-04-3006402186core:WithinOneYear2024-04-3006402186core:ListedExchangeTraded2024-04-3006402186core:UnlistedNon-exchangeTraded2024-04-3006402186core:ShareCapital2024-04-3006402186core:SharePremium2024-04-3006402186core:RevaluationReserve2024-04-3006402186core:OtherReservesSubtotal2024-04-3006402186core:RetainedEarningsAccumulatedLosses2024-04-3006402186core:NetGoodwill2023-04-3006402186core:IntangibleAssetsOtherThanGoodwill2023-04-3006402186core:LandBuildings2023-04-3006402186core:PlantMachinery2023-04-3006402186core:Vehicles2023-04-3006402186core:FurnitureFittings2023-04-3006402186core:OfficeEquipment2023-04-3006402186core:AfterOneYear2023-04-3006402186core:WithinOneYear2023-04-3006402186core:ListedExchange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THE VAN FRANCHISE LTD

Registered Number
06402186
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

THE VAN FRANCHISE LTD
Company Information
for the year from 1 May 2023 to 30 April 2024

Director

ANDERSON, Stuart

Company Secretary

ANDERSON, Elizabeth

Registered Address

Unit A Jackson Place
Wilton Road Industrial Estate
Grimsby
DN36 4AS

Registered Number

06402186 (England and Wales)
THE VAN FRANCHISE LTD
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,473,7111,622,589
2,473,7111,622,589
Current assets
Stocks4588,268748,425
Debtors327,547380,721
Cash at bank and on hand97,98072,972
1,013,7951,202,118
Creditors amounts falling due within one year5(608,321)(521,288)
Net current assets (liabilities)405,474680,830
Total assets less current liabilities2,879,1852,303,419
Creditors amounts falling due after one year6(2,084,406)(1,550,034)
Provisions for liabilities8(220,039)(220,039)
Net assets574,740533,346
Capital and reserves
Called up share capital100100
Profit and loss account574,640533,246
Shareholders' funds574,740533,346
The financial statements were approved and authorised for issue by the Director on 17 July 2024, and are signed on its behalf by:
ANDERSON, Stuart
Director
Registered Company No. 06402186
THE VAN FRANCHISE LTD
Notes to the Financial Statements
for the year ended 30 April 2024

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.
Revenue from sale of goods
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.
Deferred tax
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Stocks and work in progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.
2.Average number of employees

20242023
Average number of employees during the year1512
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 May 2382,5991,824,76855,1541,962,521
Additions1,5881,456,7885,2891,463,665
Disposals-(435,162)(995)(436,157)
At 30 April 2484,1872,846,39459,4482,990,029
Depreciation and impairment
At 01 May 2355,937246,92237,073339,932
Charge for year5,277305,4374,440315,154
On disposals-(138,345)(423)(138,768)
At 30 April 2461,214414,01441,090516,318
Net book value
At 30 April 2422,9732,432,38018,3582,473,711
At 30 April 2326,6621,577,84618,0811,622,589
4.Stocks

2024

2023

££
Other stocks588,268748,425
Total588,268748,425
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables582,175480,643
Taxation and social security22,24835,922
Accrued liabilities and deferred income3,8984,723
Total608,321521,288
6.Creditors: amounts due after one year

2024

2023

££
Other creditors2,084,4061,550,034
Total2,084,4061,550,034
7.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts2,084,4061,550,034
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)220,039220,039
Total220,039220,039