V.N.K. MOTORS LIMITED - Filleted accounts

Registered number

03302475

V.N.K. MOTORS LIMITED

Filleted Accounts

29 January 2025

V.N.K. MOTORS LIMITED
Registered number:		03302475
Balance Sheet
as at 29 January 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1			1
Investments	4		638,588			638,588
			638,589			638,589

Current assets
Debtors	5	1,730			245
Cash at bank and in hand		8,069			9,845
		9,799			10,090

Creditors: amounts falling due within one year	6	(88,787)			(100,488)

Net current liabilities			(78,988)			(90,398)

Total assets less current liabilities			559,601			548,191

Creditors: amounts falling due after more than one year	7		(231,057)			(231,057)



Net assets			328,544			317,134

Capital and reserves
Called up share capital			100			100
Profit and loss account			328,444			317,034

Shareholder's funds			328,544			317,134

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Vasilios Koumallou
Director
Approved by the board on 24 December 2025

V.N.K. MOTORS LIMITED
Notes to the Accounts
for the period from 31 January 2024 to 29 January 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			0		0


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 31 January 2024	6,268		198,286		204,554
	At 29 January 2025	6,268		198,286		204,554

	Depreciation
	At 31 January 2024	6,268		198,285		204,553
	At 29 January 2025	6,268		198,285		204,553

	Net book value
	At 29 January 2025	-		1		1
	At 30 January 2024	-		1		1


4	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 31 January 2024					638,588

	At 29 January 2025					638,588


5	Debtors			2025		2024
£					£

	Trade debtors			310		245
	Other debtors			1,420		-
				1,730		245


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Taxation and social security costs			2,541		4,653
	Other creditors			86,246		95,835
				88,787		100,488


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Amounts owed to group undertakings and undertakings in which the company has a participating interest			231,057		231,057


8	Controlling party

	The company was in both the current and preceding accounting periods under the ultimate control of its director by virtue of his ownership, together with associates, of the company’s entire issued share capital.


9	Other information

	V.N.K. MOTORS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	175 High Street
	Barnet
	Herts
	EN5 5SU