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Company Registration No. 03735962 (England and Wales)
VICARAGE MOTOR COMPANY LIMITED Unaudited accounts for the year ended 31 May 2024
VICARAGE MOTOR COMPANY LIMITED Unaudited accounts Contents
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VICARAGE MOTOR COMPANY LIMITED Company Information for the year ended 31 May 2024
Directors
Shaun Brendan Doherty Christopher Wilson
Company Number
03735962 (England and Wales)
Registered Office
VICARAGE MOTORS SKIPTON ROAD BARNOLDSWICK BB18 5EG ENGLAND
Accountants
Goodbooks (Skipton) Ltd Duke House Duke Street Skipton North Yorkshire BD23 2HQ
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VICARAGE MOTOR COMPANY LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,152 
16,266 
Current assets
Inventories
160,000 
160,000 
Debtors
22,216 
34,418 
Cash at bank and in hand
59,112 
49,878 
241,328 
244,296 
Creditors: amounts falling due within one year
(52,853)
(62,034)
Net current assets
188,475 
182,262 
Total assets less current liabilities
200,627 
198,528 
Creditors: amounts falling due after more than one year
(90,123)
(124,874)
Net assets
110,504 
73,654 
Capital and reserves
Called up share capital
62 
62 
Profit and loss account
110,442 
73,592 
Shareholders' funds
110,504 
73,654 
For the year 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 directors acknowledge their 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 of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by
Shaun Brendan Doherty Director Company Registration No. 03735962
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VICARAGE MOTOR COMPANY LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
VICARAGE MOTOR COMPANY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03735962. The registered office is VICARAGE MOTORS, SKIPTON ROAD, BARNOLDSWICK, BB18 5EG, 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 remained unchanged from the previous year, and also 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
5 years Straight Line
Computer equipment
3 years Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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VICARAGE MOTOR COMPANY LIMITED Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
110,510 
342 
110,852 
At 31 May 2024
110,510 
342 
110,852 
Depreciation
At 1 June 2023
94,510 
76 
94,586 
Charge for the year
4,000 
114 
4,114 
At 31 May 2024
98,510 
190 
98,700 
Net book value
At 31 May 2024
12,000 
152 
12,152 
At 31 May 2023
16,000 
266 
16,266 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
22,216 
34,418 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
34,751 
33,105 
VAT
4,912 
7,864 
Trade creditors
6,012 
6,266 
Taxes and social security
1,147 
891 
Other creditors
830 
11,408 
Accruals
5,201 
2,500 
52,853 
62,034 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
90,123 
124,874 
8
Average number of employees
During the year the average number of employees was 6 (2023: 5).
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