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Registered number: 11724567
Vehicle Buying Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Whittaker Gregory & Co Ltd
21 Horse Street
Chipping Sodbury
Bristol
BS37 6DA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11724567
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,560 15,322
11,560 15,322
CURRENT ASSETS
Stocks 5 - 21,500
Debtors 6 - 2,319
Cash at bank and in hand 2,291 8,587
2,291 32,406
Creditors: Amounts Falling Due Within One Year 7 (1,135 ) (8,504 )
NET CURRENT ASSETS (LIABILITIES) 1,156 23,902
TOTAL ASSETS LESS CURRENT LIABILITIES 12,716 39,224
Creditors: Amounts Falling Due After More Than One Year 8 (26,414 ) (38,922 )
NET (LIABILITIES)/ASSETS (13,698 ) 302
CAPITAL AND RESERVES
Called up share capital 10 301 301
Profit and Loss Account (13,999 ) 1
SHAREHOLDERS' FUNDS (13,698) 302
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The member has 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.
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
Mr Daniel Cole
Director
04/12/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Vehicle Buying Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11724567 . The registered office is 272 Badminton Road, Coalpit Heath, Bristol, BS36 2QW.
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. 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 on the following bases:
Motor Vehicles 25% WDV
Computer Equipment 15% WDV
2.3. 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.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: )
- -
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 1,000 21,350 1,820 24,170
As at 31 December 2024 1,000 21,350 1,820 24,170
Depreciation
As at 1 January 2024 1,000 6,714 1,134 8,848
Provided during the period - 3,659 103 3,762
As at 31 December 2024 1,000 10,373 1,237 12,610
Net Book Value
As at 31 December 2024 - 10,977 583 11,560
As at 1 January 2024 - 14,636 686 15,322
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Page 4
5. Stocks
2024 2023
£ £
Stock - 21,500
6. Debtors
2024 2023
£ £
Due within one year
Other debtors - 2,319
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) 368
Other creditors 1,136 1,250
Taxation and social security - 6,886
1,135 8,504
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 13,020 14,880
Bank loans 13,394 24,042
26,414 38,922
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 13,020 14,880
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 301 301
Page 4