7 June 2023 false No description of principal activity Taxfiler 2024.5 14919620business:PrivateLimitedCompanyLtd2023-06-072024-05-31 149196202023-06-06 149196202023-06-072024-05-31 14919620business:AuditExemptWithAccountantsReport2023-06-072024-05-31 14919620business:FilletedAccounts2023-06-072024-05-31 149196202024-05-31 14919620business:Director12023-06-072024-05-31 14919620business:RegisteredOffice2023-06-072024-05-31 14919620core:WithinOneYear2024-05-31 14919620core:AfterOneYear2024-05-31 14919620core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 14919620core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 14919620core:PreviouslyStatedAmount2024-05-31 14919620business:SmallEntities2023-06-072024-05-31 14919620countries:EnglandWales2023-06-072024-05-31 14919620core:PlantMachinery2023-06-072024-05-31 14919620core:PlantMachinery2023-06-06 14919620core:PlantMachinery2024-05-31 iso4217:GBP xbrli:pure
Company Registration No. 14919620 (England and Wales)
Velocity Auto Salvage Cars Ltd Unaudited accounts for the period from 7 June 2023 to 31 May 2024
Velocity Auto Salvage Cars Ltd Unaudited accounts Contents
Page
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Velocity Auto Salvage Cars Ltd Company Information for the period from 7 June 2023 to 31 May 2024
Director
Nabeel Rafiq
Company Number
14919620 (England and Wales)
Registered Office
2-4 Brighton Grove Halifax West Yorkshire HX1 5SA England
Accountants
Sultan Accountants Ltd 298 Gibbet Street Halifax West Yorkshire HX1 4JX
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Velocity Auto Salvage Cars Ltd Statement of financial position as at 31 May 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
595 
Current assets
Inventories
35,993 
Cash at bank and in hand
40 
36,033 
Creditors: amounts falling due within one year
(364)
Net current assets
35,669 
Total assets less current liabilities
36,264 
Creditors: amounts falling due after more than one year
(35,500)
Net assets
764 
Capital and reserves
Called up share capital
1 
Profit and loss account
763 
Shareholders' funds
764 
For the period ending 31 May 2024 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 7 November 2024 and were signed on its behalf by
Nabeel Rafiq Director Company Registration No. 14919620
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Velocity Auto Salvage Cars Ltd Notes to the Accounts for the period from 7 June 2023 to 31 May 2024
1
Statutory information
Velocity Auto Salvage Cars Ltd is a private company, limited by shares, registered in England and Wales, registration number 14919620. The registered office is 2-4 Brighton Grove, Halifax, West Yorkshire, HX1 5SA, England.
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 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.
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:
Plant & machinery
15%
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 7 June 2023
- 
Additions
700 
At 31 May 2024
700 
Depreciation
Charge for the period
105 
At 31 May 2024
105 
Net book value
At 31 May 2024
595 
5
Creditors: amounts falling due within one year
2024 
£ 
Taxes and social security
14 
Other creditors
350 
364 
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Velocity Auto Salvage Cars Ltd Notes to the Accounts for the period from 7 June 2023 to 31 May 2024
6
Creditors: amounts falling due after more than one year
2024 
£ 
Loans from directors
35,500 
7
Average number of employees
During the period the average number of employees was 0.
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