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
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
VICARAGE MOTOR COMPANY LIMITED
Statement of financial position
as at 31 May 2024
Tangible assets
12,152
16,266
Inventories
160,000
160,000
Cash at bank and in hand
59,112
49,878
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)
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
VICARAGE MOTOR COMPANY LIMITED
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
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.
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
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
At 31 May 2024
12,000
152
12,152
At 31 May 2023
16,000
266
16,266
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
Trade creditors
6,012
6,266
Taxes and social security
1,147
891
Other creditors
830
11,408
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 6 (2023: 5).