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REGISTERED NUMBER: 06510298 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

V. & A. AUTOMOTIVE LIMITED

V. & A. AUTOMOTIVE LIMITED (REGISTERED NUMBER: 06510298)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


V. & A. AUTOMOTIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J Dunne
Mrs D Dunne





SECRETARY: Mrs D Dunne





REGISTERED OFFICE: Lyndale House
24A High Street
Addlestone
Surrey
KT15 1TN





REGISTERED NUMBER: 06510298 (England and Wales)





ACCOUNTANTS: John A Hyde & Co
Lyndale House
24A High Street
Addlestone
Surrey
KT15 1TN

V. & A. AUTOMOTIVE LIMITED (REGISTERED NUMBER: 06510298)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,732,356 1,528,995
1,732,356 1,528,995

CURRENT ASSETS
Stocks 605,922 979,854
Debtors 6 208,537 9,432
Cash at bank 41,378 166,652
855,837 1,155,938
CREDITORS
Amounts falling due within one year 7 289,687 309,943
NET CURRENT ASSETS 566,150 845,995
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,298,506

2,374,990

CREDITORS
Amounts falling due after more than one
year

8

(508,823

)

(379,155

)

PROVISIONS FOR LIABILITIES (58,520 ) -
NET ASSETS 1,731,163 1,995,835

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,731,063 1,995,735
1,731,163 1,995,835

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

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

V. & A. AUTOMOTIVE LIMITED (REGISTERED NUMBER: 06510298)

BALANCE SHEET - continued
31 MARCH 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 24 March 2025 and were signed on its behalf by:





J Dunne - Director


V. & A. AUTOMOTIVE LIMITED (REGISTERED NUMBER: 06510298)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

V. & A. Automotive Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - Straight line over 10 years
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 10 years

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.

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.

V. & A. AUTOMOTIVE LIMITED (REGISTERED NUMBER: 06510298)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 8 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 22,500
AMORTISATION
At 1 April 2023
and 31 March 2024 22,500
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 1,452,878 63,348 19,501
Additions - 227,400 15,700
Disposals - - -
At 31 March 2024 1,452,878 290,748 35,201
DEPRECIATION
At 1 April 2023 - 56,089 14,638
Charge for year - 8,532 3,187
Eliminated on disposal - - -
At 31 March 2024 - 64,621 17,825
NET BOOK VALUE
At 31 March 2024 1,452,878 226,127 17,376
At 31 March 2023 1,452,878 7,259 4,863

V. & A. AUTOMOTIVE LIMITED (REGISTERED NUMBER: 06510298)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 115,295 12,543 1,663,565
Additions - - 243,100
Disposals (69,316 ) - (69,316 )
At 31 March 2024 45,979 12,543 1,837,349
DEPRECIATION
At 1 April 2023 56,817 7,026 134,570
Charge for year 10,507 1,063 23,289
Eliminated on disposal (52,866 ) - (52,866 )
At 31 March 2024 14,458 8,089 104,993
NET BOOK VALUE
At 31 March 2024 31,521 4,454 1,732,356
At 31 March 2023 58,478 5,517 1,528,995

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 17,568 9,432
Other debtors 190,969 -
208,537 9,432

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 50,158 37,458
Trade creditors 81,477 56,637
Taxation and social security 145,566 179,511
Other creditors 12,486 36,337
289,687 309,943

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 508,823 379,155