| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31st July 2024 |
| for |
| Edinburgh Vanliners Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31st July 2024 |
| for |
| Edinburgh Vanliners Limited |
| Edinburgh Vanliners Limited (Registered number: SC540186) |
| Contents of the Financial Statements |
| for the Year Ended 31st July 2024 |
| Page |
| Company Information | 1 |
| Report of the Accountants | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 5 |
| Edinburgh Vanliners Limited |
| Company Information |
| for the Year Ended 31st July 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 77/2 Hanover Street |
| Edinburgh |
| EH2 1EE |
| Edinburgh Vanliners Limited |
| Report of the Accountants to the Director of |
| Edinburgh Vanliners 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 Balance Sheet. 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. |
| As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st July 2024 set out on pages four to ten and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| 77/2 Hanover Street |
| Edinburgh |
| EH2 1EE |
| Edinburgh Vanliners Limited (Registered number: SC540186) |
| Balance Sheet |
| 31st July 2024 |
| 2024 | 2023 |
| as restated |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 169,454 |
| The director acknowledges his 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. |
| Edinburgh Vanliners Limited (Registered number: SC540186) |
| Balance Sheet - continued |
| 31st July 2024 |
| The financial statements were approved by the director and authorised for issue on |
| Edinburgh Vanliners Limited (Registered number: SC540186) |
| Notes to the Financial Statements |
| for the Year Ended 31st July 2024 |
| 1. | STATUTORY INFORMATION |
| Edinburgh Vanliners Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| 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 |
| Freehold property | - |
| Plant and machinery | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Financial instruments |
| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties. |
| 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. |
| Edinburgh Vanliners Limited (Registered number: SC540186) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st July 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 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 |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| assets |
| £ |
| Cost |
| At 1st August 2023 |
| and 31st July 2024 |
| Amortisation |
| At 1st August 2023 |
| Charge for year |
| At 31st July 2024 |
| Net book value |
| At 31st July 2024 |
| At 31st July 2023 |
| Edinburgh Vanliners Limited (Registered number: SC540186) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st July 2024 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| Cost |
| At 1st August 2023 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31st July 2024 |
| Depreciation |
| At 1st August 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31st July 2024 |
| Net book value |
| At 31st July 2024 |
| At 31st July 2023 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and |
| machinery |
| etc |
| £ |
| Cost |
| At 1st August 2023 |
| Additions |
| At 31st July 2024 |
| Depreciation |
| At 1st August 2023 |
| Charge for year |
| At 31st July 2024 |
| Net book value |
| At 31st July 2024 |
| At 31st July 2023 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| as restated |
| £ | £ |
| Trade debtors |
| Other debtors |
| Edinburgh Vanliners Limited (Registered number: SC540186) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st July 2024 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| as restated |
| £ | £ |
| Bank loans and overdrafts (see note 9) |
| Hire purchase contracts (see note 10) |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| as restated |
| £ | £ |
| Bank loans (see note 9) |
| Hire purchase contracts (see note 10) |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Other loans more 5yrs instal | 958,315 | - |
| 9. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2024 | 2023 |
| as restated |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank loans |
| Other loans |
| Amounts falling due between one and two years: |
| Bank loans - 1-2 years |
| Other loans - 1-2 years | 140,004 |
| Amounts falling due between two and five years: |
| Other loans - 2-5 years |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Other loans more 5yrs instal | 958,315 | - |
| Edinburgh Vanliners Limited (Registered number: SC540186) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st July 2024 |
| 9. | LOANS - continued |
| A bank loan of £nil (2023 - £23,600) is secured by a guarantee from the UK Government under the Business Bounce Back Loan scheme. |
| 10. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase contracts |
| 2024 | 2023 |
| as restated |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Non-cancellable operating | leases |
| 2024 | 2023 |
| as restated |
| £ | £ |
| Within one year |
| Between one and five years |