Vale Cars Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 4652720

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		4,000		5,000
Tangible Assets	5		1,182,969		938,529

			1,186,969		943,529
CURRENT ASSETS
Debtors	6	79,972		123,011
Cash at bank and in hand		57,779		64,035

		137,751		187,046
Creditors: Amounts Falling Due Within One Year	7	(427,229 )		(428,954 )

NET CURRENT ASSETS (LIABILITIES)			(289,478 )		(241,908 )

TOTAL ASSETS LESS CURRENT LIABILITIES			897,491		701,621

Creditors: Amounts Falling Due After More Than One Year	8		(534,111 )		(482,373 )

NET ASSETS			363,380		219,248

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			363,280		219,148

SHAREHOLDERS' FUNDS			363,380		219,248

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Vale Cars Limited

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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

Ms Pearl Brooke-Taylor

Director

24/06/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Vale Cars Limited is a private company, limited by shares, incorporated in England & Wales, registered number 4652720 . The registered office is Unit 2 Gibbs Marsh Trading Estate, Stalbridge, Sturminster Newton, Dorset, DT10 2RY.

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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. 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. The policy has been reviewed in the current year, following a professional valuation of vehicles carried out as at 31 January 2023. This follows the acquisition of high value vehicles purchased during the corona virus lockdown considerably lower than retail value. Depreciation provided during 2023 has been amended to reflect this, on the following basis:

Motor Vehicles	15% reducing balance basis
Plant & Equipment	25% reducing balance basis

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 17 (2024: 19)

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Vale Cars Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 February 2024	10,000

As at 31 January 2025	10,000

Amortisation
As at 1 February 2024	5,000
Provided during the period	1,000

As at 31 January 2025	6,000

Net Book Value
As at 31 January 2025	4,000

As at 1 February 2024	5,000

5. Tangible Assets

	Motor Vehicles	Plant & Equipment	Total
	£	£	£
Cost
As at 1 February 2024	1,769,081	29,487	1,798,568
Additions	456,350	17,548	473,898
Disposals	(273,830 )	(20,910 )	(294,740 )

As at 31 January 2025	1,951,601	26,125	1,977,726

Depreciation
As at 1 February 2024	833,492	26,547	860,039
Provided during the period	161,993	899	162,892
Disposals	(207,492 )	(20,682 )	(228,174 )

As at 31 January 2025	787,993	6,764	794,757

Net Book Value
As at 31 January 2025	1,163,608	19,361	1,182,969

As at 1 February 2024	935,589	2,940	938,529

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	65,791	103,480
Prepayments and accrued income	7,327	6,551
VAT	6,854	8,348
Other taxes and social security	-	4,632

	79,972	123,011

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Vale Cars Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	247,223	213,198
Trade creditors	60,467	143,873
Bank loans and overdrafts	44,351	41,952
Other taxes and social security	20,306	-
Other creditors	8,476	73
Accruals and deferred income	2,438	5,909
Directors' loan accounts	13,371	1,689
Payments on account	30,597	22,260

	427,229	428,954

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	534,111	438,022
Bank loans	-	44,351

	534,111	482,373

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	247,223	213,198
Later than one year and not later than five years	492,041	412,970
Later than five years	42,070	25,052

	781,334	651,220

	781,334	651,220

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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