REGISTERED NUMBER: 04167226 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Vintage Car Radiator Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R N Smith

A J Smith

REGISTERED OFFICE:

Bicester Heritage

Building 99 B&C

Buckingham Road

Bicester

Oxfordshire

OX26 5HA

REGISTERED NUMBER:

04167226 (England and Wales)

ACCOUNTANTS:

Harris & Co

Chartered Accountants

2 Pavilion Court

600 Pavilion Drive

Northampton

NN4 7SL

FIXED ASSETS

Intangible assets

4

234,974

243,718

Tangible assets

5

826,643

810,351

1,061,617

1,054,069

CURRENT ASSETS

Stocks

365,000

365,000

Debtors

6

198,729

132,272

Cash at bank

20

5,479

563,749

502,751

CREDITORS

Amounts falling due within one year

7

(214,222

)

(158,411

)

NET CURRENT ASSETS

349,527

344,340

TOTAL ASSETS LESS CURRENT LIABILITIES

1,411,144

1,398,409

CREDITORS

Amounts falling due after more than one year

8

(139,510

)

(85,250

)

PROVISIONS FOR LIABILITIES

(254,000

)

(254,000

)

NET ASSETS

1,017,634

1,059,159

CAPITAL AND RESERVES

Called up share capital

1,452

1,452

Revaluation reserve

9

963,357

963,357

Retained earnings

52,825

94,350

SHAREHOLDERS' FUNDS

1,017,634

1,059,159

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.

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 25 September 2025 and were signed on its behalf by:

R N Smith - Director

1.	STATUTORY INFORMATION

Vintage Car Radiator Company 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 2001, being amortised evenly over its remaining estimated useful life of fifteen 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

-

at varying rates on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

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.

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.

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 7 (2023 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

395,000

AMORTISATION

At 1 January 2024

151,282

Amortisation for year

8,744

At 31 December 2024

160,026

NET BOOK VALUE

At 31 December 2024

234,974

At 31 December 2023

243,718

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

1,142

1,107,894

18,385

47,294

1,174,715

Additions

-

-

50,530

-

50,530

At 31 December 2024

1,142

1,107,894

68,915

47,294

1,225,245

DEPRECIATION

At 1 January 2024

-

315,700

15,995

32,669

364,364

Charge for year

-

24,341

3,147

6,750

34,238

At 31 December 2024

-

340,041

19,142

39,419

398,602

NET BOOK VALUE

At 31 December 2024

1,142

767,853

49,773

7,875

826,643

At 31 December 2023

1,142

792,194

2,390

14,625

810,351

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

167,529

114,126

Other debtors

1,740

-

Directors' current accounts

19,788

8,010

Tax

9,672

2,703

Prepayments

-

7,433

198,729

132,272

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,874

-

Other loans

80,594

43,201

Hire purchase contracts

3,400

3,400

Trade creditors

35,449

24,918

Corporation tax payable

-

9,202

Social security and other taxes

9,014

11,081

VAT

12,547

10,494

Other creditors

62,000

55,130

Pension fund

344

985

214,222

158,411

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other loans - more than 1 year

135,250

77,590

Hire purchase contracts

4,260

7,660

139,510

85,250

9.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

963,357