REGISTERED NUMBER: 07209101 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

VP AUTOS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr V S Price

Mr J C R Price

REGISTERED OFFICE:

559 London Road

Boxmoor

Hemel Hempstead

Hertfordshire

HP1 2RE

REGISTERED NUMBER:

07209101 (England and Wales)

ACCOUNTANTS:

Kings Chartered Accountants

4 Grovelands

Boundary Way

Hemel Hempstead

Hertfordshire

HP2 7TE

FIXED ASSETS

Tangible assets

4

459,308

417,705

CURRENT ASSETS

Stocks

5

2,500

58,495

Debtors

6

681,683

58,347

Cash at bank and in hand

310,975

650,577

995,158

767,419

CREDITORS

Amounts falling due within one year

7

238,215

273,324

NET CURRENT ASSETS

756,943

494,095

TOTAL ASSETS LESS CURRENT LIABILITIES

1,216,251

911,800

CREDITORS

Amounts falling due after more than one year

8

(386,564

)

(291,722

)

PROVISIONS FOR LIABILITIES

9

(30,590

)

(20,190

)

NET ASSETS

799,097

599,888

CAPITAL AND RESERVES

Called up share capital

10

13

11

Retained earnings

799,084

599,877

SHAREHOLDERS' FUNDS

799,097

599,888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2025 and were signed on its behalf by:

Mr V S Price - Director

1.	STATUTORY INFORMATION

VP Autos 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, net of discounts and value added taxes derived from ordinary activities. Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the service.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets,are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 16 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

336,948

221,500

6,890

Additions

-

76,952

-

At 31 March 2025

336,948

298,452

6,890

DEPRECIATION

At 1 April 2024

-

155,956

6,890

Charge for year

-

32,472

-

At 31 March 2025

-

188,428

6,890

NET BOOK VALUE

At 31 March 2025

336,948

110,024

-

At 31 March 2024

336,948

65,544

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

48,003

11,914

625,255

Additions

-

1,233

78,185

At 31 March 2025

48,003

13,147

703,440

DEPRECIATION

At 1 April 2024

32,815

11,889

207,550

Charge for year

3,797

313

36,582

At 31 March 2025

36,612

12,202

244,132

NET BOOK VALUE

At 31 March 2025

11,391

945

459,308

At 31 March 2024

15,188

25

417,705

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

2,500

58,495

6.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

76,064

57,273

Other debtors

379

-

Prepayments and accrued income

1,165

1,074

77,608

58,347

Amounts falling due after more than one year:

Amounts owed by group undertakings

604,075

-

Aggregate amounts

681,683

58,347

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,462

10,204

Trade creditors

45,489

56,557

Taxation

104,818

63,841

Social security and other taxes

8,433

9,111

Value added tax

54,952

64,996

Other creditors

2,201

3,319

Directors' current accounts

9,360

22,468

Accruals

2,500

42,828

238,215

273,324

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 2-5 years

1,753

12,216

Amounts owed to group undertakings

49,811

20,232

Directors' loan accounts

335,000

259,274

386,564

291,722

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

Accelerated capital allowances

30,590

20,190

Deferred

tax

£

Balance at 1 April 2024

20,190

Provided during year

10,400

Balance at 31 March 2025

30,590

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

10

Share capital 1

£10

10

10

1

Share capital 2

£1

1

1

1

Share capital 3

£1

1

-

1

Share capital 4

£1

1

-

13

11

The following shares were issued during the year for cash at par :

1 Ordinary C share of £1

1 Ordinary D share of £1