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REGISTERED NUMBER: SC045739 (Scotland)















Financial Statements

for the Year Ended 31 May 2024

for

Vicarburn Motors Limited

Vicarburn Motors Limited (Registered number: SC045739)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vicarburn Motors Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D Tait
Mrs M Tait
R D Tait





REGISTERED OFFICE: 102 Carfin Road
Newarthill
Motherwell
Lanarkshire
ML1 5JZ





REGISTERED NUMBER: SC045739 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Vicarburn Motors Limited (Registered number: SC045739)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 198,390 200,922

CURRENT ASSETS
Stocks 5 6,667 4,251
Debtors 6 2,661 2,617
Cash at bank and in hand 12,923 18,927
22,251 25,795
CREDITORS
Amounts falling due within one year 7 78,194 80,826
NET CURRENT LIABILITIES (55,943 ) (55,031 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,447

145,891

CREDITORS
Amounts falling due after more than one
year

8

149,103

149,103
NET LIABILITIES (6,656 ) (3,212 )

CAPITAL AND RESERVES
Called up share capital 9 38,600 38,600
Revaluation reserve 10 162,171 162,171
Retained earnings (207,427 ) (203,983 )
SHAREHOLDERS' FUNDS (6,656 ) (3,212 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Vicarburn Motors Limited (Registered number: SC045739)

Balance Sheet - continued
31 May 2024


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 16 October 2024 and were signed on its behalf by:





D Tait - Director


Vicarburn Motors Limited (Registered number: SC045739)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Vicarburn Motors Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and Buildings - 1% on cost
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Land and Plant and Computer
Buildings machinery equipment Totals
£    £    £    £   
COST
At 1 June 2023 278,000 178,651 17,387 474,038
Additions - 1,718 - 1,718
At 31 May 2024 278,000 180,369 17,387 475,756
DEPRECIATION
At 1 June 2023 81,237 174,539 17,340 273,116
Charge for year 2,780 1,458 12 4,250
At 31 May 2024 84,017 175,997 17,352 277,366
NET BOOK VALUE
At 31 May 2024 193,983 4,372 35 198,390
At 31 May 2023 196,763 4,112 47 200,922

Vicarburn Motors Limited (Registered number: SC045739)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. STOCKS
31.5.24 31.5.23
£    £   
Stocks 6,667 4,251

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade Debtors 2,661 2,617

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 46,089 48,638
Tax 21 21
Social security and other taxes 1,364 1,611
VAT 1,245 1,219
Directors' current accounts 26,640 26,640
Accrued expenses 2,835 2,697
78,194 80,826

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Directors Loan Account 149,103 149,103

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
38,600 Ordinary £1 38,600 38,600

10. RESERVES
Revaluation
reserve
£   
At 1 June 2023
and 31 May 2024 162,171