IRIS Accounts Production v24.3.2.46 03838179 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh038381792023-12-31038381792024-12-31038381792024-01-012024-12-31038381792022-12-31038381792023-01-012023-12-31038381792023-12-3103838179ns15:EnglandWales2024-01-012024-12-3103838179ns14:PoundSterling2024-01-012024-12-3103838179ns10:Director12024-01-012024-12-3103838179ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3103838179ns10:SmallEntities2024-01-012024-12-3103838179ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3103838179ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3103838179ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3103838179ns10:FullAccounts2024-01-012024-12-3103838179ns10:Director22024-01-012024-12-3103838179ns10:CompanySecretary12024-01-012024-12-3103838179ns10:RegisteredOffice2024-01-012024-12-3103838179ns5:CurrentFinancialInstruments2024-12-3103838179ns5:CurrentFinancialInstruments2023-12-3103838179ns5:ShareCapital2024-12-3103838179ns5:ShareCapital2023-12-3103838179ns5:RetainedEarningsAccumulatedLosses2024-12-3103838179ns5:RetainedEarningsAccumulatedLosses2023-12-3103838179ns5:LandBuildingsns5:OwnedOrFreeholdAssets2024-01-012024-12-3103838179ns5:FurnitureFittings2024-01-012024-12-3103838179ns5:MotorVehicles2024-01-012024-12-3103838179ns5:LandBuildings2023-12-3103838179ns5:FurnitureFittings2023-12-3103838179ns5:MotorVehicles2023-12-3103838179ns5:LandBuildings2024-01-012024-12-3103838179ns5:LandBuildings2024-12-3103838179ns5:FurnitureFittings2024-12-3103838179ns5:MotorVehicles2024-12-3103838179ns5:LandBuildings2023-12-3103838179ns5:FurnitureFittings2023-12-3103838179ns5:MotorVehicles2023-12-3103838179ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3103838179ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 03838179 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Northumbria Vehicle Co Ltd.

Northumbria Vehicle Co Ltd. (Registered number: 03838179)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Northumbria Vehicle Co Ltd.

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R G Purvis
R A Purvis





SECRETARY: R A Purvis





REGISTERED OFFICE: Oliver House Front Street
Seaton Burn
Newcastle Upon Tyne
United Kingdom
NE13 6ES





REGISTERED NUMBER: 03838179 (England and Wales)





ACCOUNTANTS: Douglas Shaw Limited
7 Brenkley Way
Blezard Business Park
Seaton Burn
Tyne and Wear
NE13 6DS

Northumbria Vehicle Co Ltd. (Registered number: 03838179)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 583,828 587,053
Investment property 5 294,550 294,550
878,378 881,603

CURRENT ASSETS
Stocks 346,788 405,386
Debtors 6 21,606 36,905
Cash at bank 64,163 62,981
432,557 505,272
CREDITORS
Amounts falling due within one year 7 487,939 557,570
NET CURRENT LIABILITIES (55,382 ) (52,298 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

822,996

829,305

PROVISIONS FOR LIABILITIES 1,423 495
NET ASSETS 821,573 828,810

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 821,473 828,710
821,573 828,810

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

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 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.

Northumbria Vehicle Co Ltd. (Registered number: 03838179)

Balance Sheet - continued
31 December 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 3 March 2025 and were signed on its behalf by:





R G Purvis - Director


Northumbria Vehicle Co Ltd. (Registered number: 03838179)

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

1. STATUTORY INFORMATION

Northumbria Vehicle Co Ltd. is a private company, limited by shares , registered in England and Wales. 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.
Freehold property - 2% on cost
Fixtures, fittings & equipment - 25% on cost
Motor vehicles - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Northumbria Vehicle Co Ltd. (Registered number: 03838179)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
Freehold fittings Motor
property & equipment vehicles Totals
£    £    £    £   
COST
At 1 January 2024 658,713 11,110 3,153 672,976
Additions - 1,550 9,750 11,300
Disposals - - (3,153 ) (3,153 )
At 31 December 2024 658,713 12,660 9,750 681,123
DEPRECIATION
At 1 January 2024 74,266 8,504 3,153 85,923
Charge for year 13,176 1,078 271 14,525
Eliminated on disposal - - (3,153 ) (3,153 )
At 31 December 2024 87,442 9,582 271 97,295
NET BOOK VALUE
At 31 December 2024 571,271 3,078 9,479 583,828
At 31 December 2023 584,447 2,606 - 587,053

Northumbria Vehicle Co Ltd. (Registered number: 03838179)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 294,550
NET BOOK VALUE
At 31 December 2024 294,550
At 31 December 2023 294,550

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 5,800 23,759
Other debtors 3,837 3,496
VAT 2,038 -
Prepayments and accrued income 9,931 9,650
21,606 36,905

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Tax - 7,849
Social security and other taxes 1,922 7,050
Other creditors 3,615 706
Directors' loan accounts 412,277 446,178
Accruals and deferred income 70,125 95,787
487,939 557,570