REGISTERED NUMBER: 04233599 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

BARGAIN VANS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Singh

D Ghaman

REGISTERED OFFICE:

66 Willenhall Road

Wolverhampton

West Midlands

WV1 2HJ

REGISTERED NUMBER:

04233599 (England and Wales)

ACCOUNTANTS:

Rice & Co (Brownhills) Limited

Chartered Accountants

90 High Street

Brownhills

Walsall

West Midlands

WS8 6EW

FIXED ASSETS

Tangible assets

4

223,975

239,165

CURRENT ASSETS

Stocks

26,655

58,304

Debtors

16,147

9,090

Cash at bank

20,994

58,637

63,796

126,031

CREDITORS

Amounts falling due within one year

55,636

146,924

NET CURRENT ASSETS/(LIABILITIES)

8,160

(20,893

)

TOTAL ASSETS LESS CURRENT LIABILITIES

232,135

218,272

CREDITORS

Amounts falling due after more than one year

-

(8,334

)

PROVISIONS FOR LIABILITIES

(2,488

)

(2,933

)

NET ASSETS

229,647

207,005

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

229,547

206,905

SHAREHOLDERS' FUNDS

229,647

207,005

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 April 2026 and were signed on its behalf by:

A Singh - Director

1.	STATUTORY INFORMATION

Bargain Vans 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 presentation currency of the financial statements is the Pound Sterling (£).

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.

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 is recognised when goods have been delivered to customers, or services completed, such that risks and rewards of ownership have been transferred to them.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

Straight line over 25 years

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% 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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2024

and 31 July 2025

396,833

DEPRECIATION

At 1 August 2024

157,668

Charge for year

15,190

At 31 July 2025

172,858

NET BOOK VALUE

At 31 July 2025

223,975

At 31 July 2024

239,165

5.	SECURED DEBTS

There are fixed and floating charges held over the assets of the company.

6.	RELATED PARTY DISCLOSURES

At the balance sheet date there is an outstanding loan of £10,191 (2024: £nil) due from Auto Medic Limited, a company under common control. This loan is interest free and repayable upon demand.