28 February 2024 false No description of principal activity Taxfiler 2024.6 15527623business:PrivateLimitedCompanyLtd2024-02-282025-02-28 155276232024-02-27 155276232024-02-282025-02-28 15527623business:AuditExempt-NoAccountantsReport2024-02-282025-02-28 15527623business:FilletedAccounts2024-02-282025-02-28 155276232025-02-28 15527623business:Director12024-02-282025-02-28 15527623business:RegisteredOffice2024-02-282025-02-28 15527623core:WithinOneYear2025-02-28 15527623core:AfterOneYear2025-02-28 15527623core:ShareCapitalcore:PreviouslyStatedAmount2025-02-28 15527623core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-02-28 15527623core:PreviouslyStatedAmount2025-02-28 15527623business:SmallEntities2024-02-282025-02-28 15527623countries:EnglandWales2024-02-282025-02-28 15527623core:PlantMachinery2024-02-282025-02-28 15527623core:PlantMachinery2024-02-27 15527623core:PlantMachinery2025-02-28 iso4217:GBP xbrli:pure
Company Registration No. 15527623 (England and Wales)
Specialist Vehicle Group Ltd Unaudited accounts for the period from 28 February 2024 to 28 February 2025
Specialist Vehicle Group Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Specialist Vehicle Group Ltd Company Information for the period from 28 February 2024 to 28 February 2025
Director
Robert Benvenga
Company Number
15527623 (England and Wales)
Registered Office
Unit 10 Balmoral Storage Clive Way Watford WD24 4PX England
Accountants
PSUCHI ASSOCIATES LTD Unit 8 East Lane Business Estate Osram Road Wembley HA9 7NG
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Specialist Vehicle Group Ltd Statement of financial position as at 28 February 2025
2025 
Notes
£ 
Fixed assets
Tangible assets
4
25,501 
Current assets
Inventories
15,000 
Debtors
5
40,944 
Cash at bank and in hand
105 
56,049 
Creditors: amounts falling due within one year
6
(40,289)
Net current assets
15,760 
Total assets less current liabilities
41,261 
Creditors: amounts falling due after more than one year
7
(23,700)
Net assets
17,561 
Capital and reserves
Called up share capital
1 
Profit and loss account
17,560 
Shareholders' funds
17,561 
For the period ending 28 February 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 December 2025 and were signed on its behalf by
Robert Benvenga Director Company Registration No. 15527623
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Specialist Vehicle Group Ltd Notes to the Accounts for the period from 28 February 2024 to 28 February 2025
1
Statutory information
Specialist Vehicle Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 15527623. The registered office is Unit 10 Balmoral Storage, Clive Way, Watford, WD24 4PX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 28 February 2024
- 
Additions
28,680 
At 28 February 2025
28,680 
Depreciation
Charge for the period
3,179 
At 28 February 2025
3,179 
Net book value
At 28 February 2025
25,501 
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Specialist Vehicle Group Ltd Notes to the Accounts for the period from 28 February 2024 to 28 February 2025
5
Debtors
2025 
£ 
Amounts falling due within one year
VAT
1,188 
Trade debtors
4,483 
Amounts due from group undertakings etc.
22,846 
Accrued income and prepayments
3,150 
Other debtors
9,277 
40,944 
6
Creditors: amounts falling due within one year
2025 
£ 
Other creditors
32,614 
Loans from directors
6,675 
Accruals
1,000 
40,289 
7
Creditors: amounts falling due after more than one year
2025 
£ 
Bank loans
23,700 
8
Average number of employees
During the period the average number of employees was 2.
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