Vehicle Independent Parts (Hastings) Limited |
Registered Number:03550562 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
Vehicle Independent Parts (Hastings) Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Vehicle Independent Parts (Hastings) Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
9,319
12,216
2
9,319
12,216
17,074
18,549
3
Trade and other receivables |
15,956
24,526
4
3,400
Cash and cash equivalents |
-
43,075
36,430
Trade and other payables: amounts falling due within one |
year |
(36,642)
(26,125)
5
(212)
16,950
Net current assets
Total assets less current liabilities |
26,269
12,004
Trade and other payables: amounts falling due after more |
than one year |
(35,577)
(29,137)
6
(1,770)
(2,321)
Provisions for liabilities |
(4,638)
Net liabilities
(25,894)
4
4
(4,642)
(25,898)
(4,638)
(25,894)
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 20 January 2025 and were signed by: |
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For the year ended 31 December 2024
Vehicle Independent Parts (Hastings) Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 4
For the year ended 31 December 2024
Vehicle Independent Parts (Hastings) Limited
Notes to the Financial Statements
Statutory Information
Vehicle Independent Parts (Hastings) Limited is a private limited company, limited by shares, domiciled in England and |
Wales, registration number 03550562. |
Principal place of business: |
Innovation Centre
Highfield Drive
St Leonards on Sea
East Sussex
TN38 9UK
2-6 Sedlescombe Road North
St. Leonards-On-Sea
East Sussex
TN37 7DG
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
2. Property, plant and equipment |
Motor Vehicles
29,654
4,480
25,174
25,174
4,480
29,654
Provision for depreciation and impairment |
17,438
2,992
14,446
Charge for year
2,897
215
2,682
20,335
3,207
17,128
8,046
1,273
9,319
10,728
1,488
12,216
2023
2024
18,549
17,074
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For the year ended 31 December 2024
Vehicle Independent Parts (Hastings) Limited
Notes to the Financial Statements Continued
4. Trade and other receivables |
2023
2024
21,381
13,938
Prepayments and accrued income |
282
282
Taxation and social security |
2,863
1,736
15,956
24,526
5. Trade and other payables: amounts falling due within one year |
2023
2024
4,878
-
1,853
2,796
Taxation and social security |
1,633
-
Accruals and deferred income |
1,432
1,432
6,016
18,667
Obligations under HP/Financial leases |
9,507
12,942
806
805
26,125
36,642
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
29,137
35,577
7. Related party transactions |
As at the year end, the company owed the directors £6,016 (2023: £18,667). This loan is interest free and repayable |
on demand. |
8. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 2)
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