REGISTERED NUMBER: 09739753 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

VITAL AUTO LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Molloy

A Shaw

R Toal

N Ewin

D A Merricks

REGISTERED OFFICE:

1&2 Mercia Business Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

REGISTERED NUMBER:

09739753 (England and Wales)

ACCOUNTANTS:

Armstrongs

Chartered Accountants and Tax Advisers

1 & 2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

FIXED ASSETS

Tangible assets

4

140,463

200,444

CURRENT ASSETS

Debtors

5

1,018,821

541,130

Cash at bank and in hand

94,617

353,086

1,113,438

894,216

CREDITORS

Amounts falling due within one year

6

626,796

543,102

NET CURRENT ASSETS

486,642

351,114

TOTAL ASSETS LESS CURRENT LIABILITIES

627,105

551,558

CREDITORS

Amounts falling due after more than one year

7

(49,553

)

(118,655

)

PROVISIONS FOR LIABILITIES

(10,882

)

-

NET ASSETS

566,670

432,903

CAPITAL AND RESERVES

Called up share capital

6

6

Retained earnings

8

566,664

432,897

566,670

432,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 30 September 2025 and were signed on its behalf by:

J Molloy - Director

1.	STATUTORY INFORMATION

Vital Auto Ltd 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.

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.

Plant and machinery

-

Straight line over 10 years

Fixtures and fittings

-

Straight line over 3 years

Motor vehicles

-

7% on cost

Computer equipment

-

Straight line over 3 years

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 26 (2023 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2023

690,597

32,712

174,852

9,915

908,076

Additions

34,631

-

-

796

35,427

At 30 September 2024

725,228

32,712

174,852

10,711

943,503

DEPRECIATION

At 1 October 2023

599,129

30,115

69,299

9,089

707,632

Charge for year

65,454

1,298

27,565

1,091

95,408

At 30 September 2024

664,583

31,413

96,864

10,180

803,040

NET BOOK VALUE

At 30 September 2024

60,645

1,299

77,988

531

140,463

At 30 September 2023

91,468

2,597

105,553

826

200,444

Included in the net book value of motor vehicles is an amount of £105,553 in respect of assets held under hire purchase contracts. The depreciation charged on these assets during the year amounted to £13,675.

Included in the net book value of plant and machinery is an amount of £69,638 in respect of assets held under hire purchase contracts. The depreciation charged on these assets during the year amounted to £40,542.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

750,027

372,611

Other debtors

28,395

24,595

Directors' current accounts

151,218

-

Tax

15,202

68,529

Prepayments

73,979

75,395

1,018,821

541,130

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

22,727

22,727

Hire purchase contracts

46,306

59,411

Trade creditors

235,803

267,523

Corporation tax

66,045

-

Social security and other taxes

63,800

14,349

Wages Control

-

906

Pension Control

6,760

2,722

VAT

57,014

141,989

Other creditors

22,599

12,599

Directors' current accounts

100,000

131

Accrued expenses

5,742

20,745

626,796

543,102

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

22,727

45,454

Hire purchase contracts

26,826

73,201

49,553

118,655

8.

RESERVES

Retained

earnings

£

At 1 October 2023

432,897

Profit for the year

135,267

Dividends

(1,500

)

At 30 September 2024

566,664