REGISTERED NUMBER: 03924927 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Yorkshire Vehicle Finance Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Thomas

G P Malia

SECRETARY:

I P Thomas

REGISTERED OFFICE:

92 Baslow Road

Totley

Sheffield

South Yorkshire

S17 4DQ

REGISTERED NUMBER:

03924927 (England and Wales)

ACCOUNTANTS:

Cedarwood Accountancy Ltd

158 Hemper Lane

Greenhill

Sheffield

South Yorkshire

S8 7FE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

206,023

18,512

206,023

18,512

CURRENT ASSETS

Stocks

7,350

17,475

Debtors

6

165,195

124,822

Cash at bank and in hand

277,599

328,228

450,144

470,525

CREDITORS

Amounts falling due within one year

7

146,707

95,934

NET CURRENT ASSETS

303,437

374,591

TOTAL ASSETS LESS CURRENT LIABILITIES

509,460

393,103

CREDITORS

Amounts falling due after more than one year

8

149,282

11,667

NET ASSETS

360,178

381,436

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

359,178

380,436

SHAREHOLDERS' FUNDS

360,178

381,436

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

P Thomas - Director

1.	STATUTORY INFORMATION

Yorkshire Vehicle Finance Limited 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.

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.

This is the first year in which the financial statements have been prepared under FRS 102.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

33% on reducing balance and 20% 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.

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.

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 12 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

250,000

AMORTISATION

At 1 April 2024

and 31 March 2025

250,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

63,447

Additions

279,113

Disposals

(24,383

)

At 31 March 2025

318,177

DEPRECIATION

At 1 April 2024

44,935

Charge for year

73,315

Eliminated on disposal

(6,096

)

At 31 March 2025

112,154

NET BOOK VALUE

At 31 March 2025

206,023

At 31 March 2024

18,512

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

74,844

52,924

Other debtors

90,351

71,898

165,195

124,822

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

32,981

-

Trade creditors

33,246

18,048

Taxation and social security

23,632

24,085

Other creditors

56,848

53,801

146,707

95,934

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

147,615

-

Other creditors

1,667

11,667

149,282

11,667

9.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party because none of the shareholders own a majority of the shares in the Company.