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Vickers Motors Limited
Registered Number:05890003
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
2
Registered Number :
05890003
As at 31 December 2024
Vickers Motors Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
55,119
69,258
3
55,119
69,258
Current assets
Inventories
2,460
2,460
4
Trade and other receivables
9,539
10,097
5
97,461
Cash and cash equivalents
92,386
104,943
109,460
Trade and other payables: amounts falling due within
one year
(98,534)
(95,963)
6
10,926
8,980
Net current assets
Total assets less current liabilities
64,099
80,184
(4,590)
(5,084)
Provisions for liabilities
59,509
Net assets
75,100
Capital and reserves
Called up share capital
100
100
Retained earnings
59,409
75,000
59,509
75,100
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered
.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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Registered Number :
05890003
For the year ended 31 December 2024
Vickers Motors Limited
Statement of Financial Position Continued
Mr Gary Richard Vickers Director
These financial statements were approved and authorised for issue by the Board on 05 September 2025 and were signed by:
The notes form part of these financial statements
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For the year ended 31 December 2024
Vickers Motors Limited
Notes to the Financial Statements
Statutory Information
Vickers Motors Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 05890003.
Registered address:
23 Brunel Way
Thetford
Norfolk
IP24 1HP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under
the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 10 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
25% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 December 2024
Vickers Motors Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 January 2024
15,500
At 31 December 2024
15,500
Amortisation
At 01 January 2024
15,500
At 31 December 2024
15,500
Net book value
At 31 December 2024
-
At 31 December 2023
-
3. Property, plant and equipment
Total
Fixtures and
fittings
Motor
vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 January 2024
128,069
2,164
64,490
61,415
-
(500)
-
Disposals
(500)
At 31 December 2024
61,415
63,990
2,164
127,569
Provision for depreciation and impairment
At 01 January 2024
58,811
1,601
27,300
29,910
Charge for year
14,084
84
9,275
4,725
(445)
-
(445)
-
On disposal
At 31 December 2024
72,450
1,685
36,130
34,635
At 31 December 2024
Net book value
26,780
27,860
479
55,119
At 31 December 2023
31,505
37,190
563
69,258
4. Inventories
2023
2024
£
£
Stocks
2,460
2,460
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For the year ended 31 December 2024
Vickers Motors Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
10,097
9,539
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
28,152
29,973
Taxation and social security
33,429
31,413
Other creditors
34,382
37,148
95,963
98,534
7. Average number of persons employed
During the year the average number of employees was 5 (2023 : 5)
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