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REGISTERED NUMBER: 12416885 (England and Wales)















LINCOLNSHIRE VAN CENTRE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025






LINCOLNSHIRE VAN CENTRE LIMITED (REGISTERED NUMBER: 12416885)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Accountants' Report 6

LINCOLNSHIRE VAN CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTOR: Mrs K L Vogli





REGISTERED OFFICE: The Old School House
Main Street
North Kyme
Lincoln
LN4 4DG





REGISTERED NUMBER: 12416885 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ

LINCOLNSHIRE VAN CENTRE LIMITED (REGISTERED NUMBER: 12416885)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 448,481 463,858
Investment property 5 225,000 221,932
673,481 685,790

CURRENT ASSETS
Stocks 408,233 423,020
Debtors 6 13,454 3,115
Cash at bank and in hand 28,261 2,169
449,948 428,304
CREDITORS
Amounts falling due within one year 7 302,023 284,435
NET CURRENT ASSETS 147,925 143,869
TOTAL ASSETS LESS CURRENT LIABILITIES 821,406 829,659

CREDITORS
Amounts falling due after more than one year 8 (320,146 ) (344,395 )

PROVISIONS FOR LIABILITIES (8,813 ) (11,890 )
NET ASSETS 492,447 473,374

CAPITAL AND RESERVES
Called up share capital 10 11 11
Retained earnings 11 492,436 473,363
SHAREHOLDERS' FUNDS 492,447 473,374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 May 2025 and were signed by:




Mrs K L Vogli - Director


LINCOLNSHIRE VAN CENTRE LIMITED (REGISTERED NUMBER: 12416885)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Lincolnshire Van Centre 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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 - 2% on cost
Plant and machinery etc - 33% on cost and 15% on reducing balance

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 stated at the lower of cost and fair value less costs to complete and sell after making due allowance for slow moving and obsolete items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 (2024 - 6 ) .

LINCOLNSHIRE VAN CENTRE LIMITED (REGISTERED NUMBER: 12416885)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2024 382,193 109,145 491,338
Additions - 1,764 1,764
At 31 January 2025 382,193 110,909 493,102
DEPRECIATION
At 1 February 2024 13,467 14,013 27,480
Charge for year 7,644 9,497 17,141
At 31 January 2025 21,111 23,510 44,621
NET BOOK VALUE
At 31 January 2025 361,082 87,399 448,481
At 31 January 2024 368,726 95,132 463,858

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024 221,932
Revaluations 3,068
At 31 January 2025 225,000
NET BOOK VALUE
At 31 January 2025 225,000
At 31 January 2024 221,932

Fair value at 31 January 2025 is represented by:
£   
Valuation in 2025 3,068
Cost 221,932
225,000

If investment property had not been revalued it would have been included at the following historical cost:

2025 2024
£    £   
Cost 221,932 221,932

Investment property was valued on an open market basis on 31 January 2025 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 12,886 1,429
Other debtors 568 1,686
13,454 3,115

LINCOLNSHIRE VAN CENTRE LIMITED (REGISTERED NUMBER: 12416885)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 24,500 24,500
Trade creditors 34,853 8,835
Taxation and social security 40,866 24,917
Other creditors 201,804 226,183
302,023 284,435

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 320,146 344,395

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 255,479 269,728

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 344,646 368,895

The bank loan is secured against the freehold and investment property of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
10 A Shares £1 10 10
1 B Shares £1 1 1
11 11

11. RESERVES

Within reserves there are non-distributable reserves of £2,301 (2024 : £nil) in relation to property revaluations.

12. RELATED PARTY DISCLOSURES

At 31st January 2025 the company owed the directors £192,378 (2024 : £206,513). The loans made from the directors were unsecured, interest free and repayable on demand.

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LINCOLNSHIRE VAN CENTRE LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lincolnshire Van Centre Limited for the year ended 31 January 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Lincolnshire Van Centre Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lincolnshire Van Centre Limited and state those matters that we have agreed to state to the director of Lincolnshire Van Centre Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Lincolnshire Van Centre Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lincolnshire Van Centre Limited. You consider that Lincolnshire Van Centre Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lincolnshire Van Centre Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ


Date: .............................................