The VOC Spares Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01220773 (England and Wales)

THE VOC SPARES COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

6

DIRECTORS:

B S Kingham

M McKenzie

I Savage

T Milbourn

T Kingham

SECRETARY:

T Kingham

REGISTERED OFFICE:

Unit F

29 Station Road

Desborough

Kettering

Northamptonshire

NN14 2RL

REGISTERED NUMBER:

01220773 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3 Princes Court

Royal Way

Loughborough

Leicestershire

LE11 5XR

FIXED ASSETS

Intangible assets

4

-

Property, plant and equipment

5

28,501

10,370

Investments

6

105,000

133,501

115,370

CURRENT ASSETS

Inventories

368,451

361,670

Debtors

7

4,842

25,133

Cash at bank and in hand

111,072

123,491

484,365

510,294

CREDITORS

Amounts falling due within one year

8

19,917

59,105

NET CURRENT ASSETS

464,448

451,189

TOTAL ASSETS LESS CURRENT LIABILITIES

597,949

566,559

PROVISIONS FOR LIABILITIES

5,415

2,593

NET ASSETS

592,534

563,966

CAPITAL AND RESERVES

Called up share capital

9

58,997

Share premium

33,374

Retained earnings

500,163

471,595

SHAREHOLDERS' FUNDS

592,534

563,966

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 9 January 2026 and were signed on its behalf by:

M McKenzie - Director

1.	STATUTORY INFORMATION

The VOC Spares Company 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The financial statements cover the individual entity.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised upon provision of services or despatch of goods.

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

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.

Computer software is amortised evenly over its estimated useful life of 1 year.

Property, plant and equipment

Property, plant and equipment are held at cost less accumulated depreciation. Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life, as follows:

Improvements to property

20% Reducing balance

Plant and machinery

20% Reducing balance

Fixtures, fittings & equipment

20% Reducing balance

Computer equipment

33% Straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Inventories

Inventories are valued at the lower of cost and fair value less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

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. Accounts 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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 4 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1 November 2024

and 31 October 2025

1,000

6,240

7,240

AMORTISATION

At 1 November 2024

and 31 October 2025

1,000

6,240

7,240

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 November 2024

91,536

Additions

22,034

At 31 October 2025

113,570

DEPRECIATION

At 1 November 2024

81,166

Charge for year

3,903

At 31 October 2025

85,069

NET BOOK VALUE

At 31 October 2025

28,501

At 31 October 2024

10,370

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 November 2024

and 31 October 2025

105,000

NET BOOK VALUE

At 31 October 2025

105,000

At 31 October 2024

105,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

2,066

22,727

Other debtors

152

-

Prepayments

2,624

2,406

4,842

25,133

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

5,365

22,712

Taxation

3,151

6,905

Other taxes and social security

1,814

1,299

VAT

3

6,610

Other creditors

174

14,884

Accrued expenses

9,410

6,695

19,917

59,105

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

58,997

Ordinary

£1

58,997

10.	RELATED PARTY RELATIONSHIPS AND TRANSACTIONS

The VOC Spares Company Limited owns 55% share capital in Snarling Beast Limited and has directors in common.

The VOC Spares Company Limited leases a property from Snarling Beast Limited. Rent is not paid at market rate, with rental payments for the year totalling £583 (2024: £465).