IRIS Accounts Production v24.2.0.383 04167226 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041672262022-12-31041672262023-12-31041672262023-01-012023-12-31041672262021-12-31041672262022-01-012022-12-31041672262022-12-3104167226ns15:EnglandWales2023-01-012023-12-3104167226ns14:PoundSterling2023-01-012023-12-3104167226ns10:Director12023-01-012023-12-3104167226ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104167226ns10:SmallEntities2023-01-012023-12-3104167226ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104167226ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104167226ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104167226ns10:FullAccounts2023-01-012023-12-310416722612023-01-012023-12-3104167226ns10:Director22023-01-012023-12-3104167226ns10:RegisteredOffice2023-01-012023-12-3104167226ns5:CurrentFinancialInstruments2023-12-3104167226ns5:CurrentFinancialInstruments2022-12-3104167226ns5:Non-currentFinancialInstruments2023-12-3104167226ns5:Non-currentFinancialInstruments2022-12-3104167226ns5:ShareCapital2023-12-3104167226ns5:ShareCapital2022-12-3104167226ns5:RevaluationReserve2023-12-3104167226ns5:RevaluationReserve2022-12-3104167226ns5:RetainedEarningsAccumulatedLosses2023-12-3104167226ns5:RetainedEarningsAccumulatedLosses2022-12-3104167226ns5:NetGoodwill2023-01-012023-12-3104167226ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3104167226ns5:PlantMachinery2023-01-012023-12-3104167226ns5:FurnitureFittings2023-01-012023-12-3104167226ns5:MotorVehicles2023-01-012023-12-3104167226ns5:NetGoodwill2022-12-3104167226ns5:NetGoodwill2023-12-3104167226ns5:NetGoodwill2022-12-3104167226ns5:LandBuildings2022-12-3104167226ns5:PlantMachinery2022-12-3104167226ns5:FurnitureFittings2022-12-3104167226ns5:MotorVehicles2022-12-3104167226ns5:LandBuildings2023-01-012023-12-3104167226ns5:LandBuildings2023-12-3104167226ns5:PlantMachinery2023-12-3104167226ns5:FurnitureFittings2023-12-3104167226ns5:MotorVehicles2023-12-3104167226ns5:LandBuildings2022-12-3104167226ns5:PlantMachinery2022-12-3104167226ns5:FurnitureFittings2022-12-3104167226ns5:MotorVehicles2022-12-3104167226ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104167226ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3104167226ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-12-3104167226ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-12-3104167226ns5:RevaluationReserve2022-12-31
REGISTERED NUMBER: 04167226 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Vintage Car Radiator Company Limited

Vintage Car Radiator Company Limited (Registered number: 04167226)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vintage Car Radiator Company Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R N Smith
A J Smith





REGISTERED OFFICE: Bicester Heritage
Building 99 B&C
Buckingham Road
Bicester
Oxfordshire
OX26 5HA





REGISTERED NUMBER: 04167226 (England and Wales)





ACCOUNTANTS: Harris & Co
Chartered Accountants
2 Pavilion Court
600 Pavilion Drive
Northampton
NN4 7SL

Vintage Car Radiator Company Limited (Registered number: 04167226)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 243,718 252,461
Tangible assets 5 810,351 843,208
1,054,069 1,095,669

CURRENT ASSETS
Stocks 365,000 365,000
Debtors 6 132,272 60,541
Cash at bank 5,479 2
502,751 425,543
CREDITORS
Amounts falling due within one year 7 (158,411 ) (129,125 )
NET CURRENT ASSETS 344,340 296,418
TOTAL ASSETS LESS CURRENT LIABILITIES 1,398,409 1,392,087

CREDITORS
Amounts falling due after more than one
year

8

(85,250

)

(120,300

)

PROVISIONS FOR LIABILITIES (254,000 ) (254,000 )
NET ASSETS 1,059,159 1,017,787

CAPITAL AND RESERVES
Called up share capital 1,452 1,452
Revaluation reserve 9 963,357 963,357
Retained earnings 94,350 52,978
SHAREHOLDERS' FUNDS 1,059,159 1,017,787

Vintage Car Radiator Company Limited (Registered number: 04167226)

Balance Sheet - continued
31 December 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





R N Smith - Director


Vintage Car Radiator Company Limited (Registered number: 04167226)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Vintage Car Radiator Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, being amortised evenly over its remaining estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - at varying rates on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Vintage Car Radiator Company Limited (Registered number: 04167226)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 395,000
AMORTISATION
At 1 January 2023 142,539
Amortisation for year 8,743
At 31 December 2023 151,282
NET BOOK VALUE
At 31 December 2023 243,718
At 31 December 2022 252,461

Vintage Car Radiator Company Limited (Registered number: 04167226)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 1,142 1,107,894 18,385 47,294 1,174,715
DEPRECIATION
At 1 January 2023 - 290,642 14,946 25,919 331,507
Charge for year - 25,058 1,049 6,750 32,857
At 31 December 2023 - 315,700 15,995 32,669 364,364
NET BOOK VALUE
At 31 December 2023 1,142 792,194 2,390 14,625 810,351
At 31 December 2022 1,142 817,252 3,439 21,375 843,208

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 114,126 34,914
Directors' current accounts 8,010 -
Tax 2,703 10,762
Prepayments 7,433 14,865
132,272 60,541

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 18,049
Other loans 43,201 43,201
Hire purchase contracts 3,400 4,632
Trade creditors 24,918 11,981
Corporation tax payable 9,202 17
Social security and other taxes 11,081 7,912
VAT 10,494 8,306
Other creditors 55,130 20,125
Pension fund 985 527
Directors' current accounts - 14,375
158,411 129,125

Vintage Car Radiator Company Limited (Registered number: 04167226)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other loans - more than 1 year 77,590 110,473
Hire purchase contracts 7,660 9,827
85,250 120,300

9. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 963,357