2024-01-01 03550562 2024-12-31 03550562 2024-01-01 2024-12-31 03550562 2023-12-31 03550562 2023-01-01 2023-12-31 03550562 uk-core:WithinOneYear 2023-12-31 03550562 uk-core:WithinOneYear 2024-12-31 03550562 uk-core:AfterOneYear 2023-12-31 03550562 uk-core:AfterOneYear 2024-12-31 03550562 uk-core:ShareCapital 2024-12-31 03550562 uk-core:ShareCapital 2023-12-31 03550562 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 03550562 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 03550562 uk-bus:Director1 2024-01-01 2024-12-31 03550562 uk-core:FurnitureFittings 2023-12-31 03550562 uk-core:MotorCars 2023-12-31 03550562 uk-core:MotorCars 2024-12-31 03550562 uk-core:FurnitureFittings 2024-12-31 03550562 uk-core:FurnitureFittings 2024-01-01 2024-12-31 03550562 uk-core:MotorCars 2024-01-01 2024-12-31 03550562 uk-core:WithinOneYear 2024-12-31 03550562 uk-core:WithinOneYear 2023-12-31 03550562 uk-core:AfterOneYear uk-core:Secured 2024-12-31 03550562 uk-core:AfterOneYear uk-core:Secured 2023-12-31 iso4217:GBP xbrli:pure 03550562 uk-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 03550562 uk-bus:FRS102 2024-01-01 2024-12-31 03550562 uk-bus:FilletedAccounts 2024-01-01 2024-12-31 03550562 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31
Vehicle Independent Parts (Hastings) Limited
Registered Number:03550562
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
03550562
As at 31 December 2024
Vehicle Independent Parts (Hastings) Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
9,319
12,216
2
9,319
12,216
Current assets
Inventories
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)
Capital and reserves
Called up share capital
4
4
Retained earnings
(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.
G W Eaton Director
These financial statements were approved and authorised for issue by the Board on 20 January 2025 and were signed by:
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4
Registered Number :
03550562
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
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5
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
Registered address:
2-6 Sedlescombe Road North
St. Leonards-On-Sea
East Sussex
TN37 7DG
The presentation currency is £ sterling.
1. Accounting policies
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
Total
Furniture and
Fittings
Motor Vehicles
£
£
£
Cost or
valuation
At 01 January 2024
29,654
4,480
25,174
At 31 December 2024
25,174
4,480
29,654
Provision for depreciation and impairment
At 01 January 2024
17,438
2,992
14,446
Charge for year
2,897
215
2,682
At 31 December 2024
20,335
3,207
17,128
At 31 December 2024
Net book value
8,046
1,273
9,319
At 31 December 2023
10,728
1,488
12,216
3. Inventories
2023
2024
£
£
Stocks
18,549
17,074
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6
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
£
£
Trade debtors
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
£
£
Bank loans and overdraft
4,878
-
Trade creditors
1,853
2,796
Taxation and social security
1,633
-
Accruals and deferred income
1,432
1,432
Directors' loan accounts
6,016
18,667
Obligations under HP/Financial leases
9,507
12,942
Other creditors
806
805
26,125
36,642
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
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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