Kustomvans Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 13230429

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		50,618		17,508

			50,618		17,508
CURRENT ASSETS
Stocks	5	33,500		13,000
Debtors	6	9,212		29,499
Cash at bank and in hand		289		2,927

		43,001		45,426
Creditors: Amounts Falling Due Within One Year	7	(89,632 )		(57,168 )

NET CURRENT ASSETS (LIABILITIES)			(46,631 )		(11,742 )

TOTAL ASSETS LESS CURRENT LIABILITIES			3,987		5,766

Creditors: Amounts Falling Due After More Than One Year	8		(616 )		(4,698 )

NET ASSETS			3,371		1,068

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			3,271		968

SHAREHOLDERS' FUNDS			3,371		1,068

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Kustomvans Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Richard Good

Director

30 September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Kustomvans Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13230429 . The registered office is 14a Albany Road , Granby Industrial Estate , Weymouth , Dorset , DT4 9TH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% Reducing balance
Motor Vehicles	15% Reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2024	13,375	9,000	22,375
Additions	35,750	-	35,750

As at 31 March 2025	49,125	9,000	58,125

Depreciation
As at 1 April 2024	170	4,697	4,867
Provided during the period	1,995	645	2,640

As at 31 March 2025	2,165	5,342	7,507

Net Book Value
As at 31 March 2025	46,960	3,658	50,618

As at 1 April 2024	13,205	4,303	17,508

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Kustomvans Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Stocks

	2025	2024
	£	£
Stock	25,500	8,000
Work in progress	8,000	5,000

	33,500	13,000

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	2,346	29,332
VAT	6,866	167

	9,212	29,499

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	3,571	-
Bank loans and overdrafts	4,259	4,259
Social security and other tax	260	614
Other creditors	8,000	-
Pensions	139	86
Deferred income	10,627	26,501
Accrued expenses	2,595	2,240
Director's loan account	60,181	23,468

	89,632	57,168

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	616	4,698

9. Share Capital

	2025	2024
Allotted, called up but not fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

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