Company registration number 05893223 (England and Wales)
VANS NORTHWEST LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
VANS NORTHWEST LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9
VANS NORTHWEST LTD
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
4
104,746
427,159
Current assets
Stocks
1,349,246
1,225,263
Debtors
5
1,044,732
1,028,532
Cash at bank and in hand
652,937
1,212,323
3,046,915
3,466,118
Creditors: amounts falling due within one year
6
(2,860,779)
(1,704,402)
Net current assets
186,136
1,761,716
Total assets less current liabilities
290,882
2,188,875
Creditors: amounts falling due after more than one year
7
(75,000)
(116,388)
Provisions for liabilities
(25,370)
(52,999)
Net assets
190,512
2,019,488
Capital and reserves
Called up share capital
8
203
203
Revaluation reserve
-
0
126,304
Profit and loss reserves
190,309
1,892,981
Total equity
190,512
2,019,488
VANS NORTHWEST LTD
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2025
31 August 2025
- 2 -

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 7 May 2026 and are signed on its behalf by:
Mr J Oakes
Director
Company registration number 05893223 (England and Wales)
VANS NORTHWEST LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -
1
Accounting policies
Company information

Vans Northwest Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Haydock Lane Haydock Industrial Estate, Haydock, St. Helens, Merseyside, England, WA11 9UY.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings
3.39% Reducing balance
Plant and machinery
20% Reducing balance
Fixtures and fittings
20% Reducing balance
Office equipment
20% Reducing balance
Motor vehicles
20% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

VANS NORTHWEST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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. A m ounts 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.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

VANS NORTHWEST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

VANS NORTHWEST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 6 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Calculating a stock provision

The company has access to internal data including the current order book, historic materials wastage figures and external data including demand in the sector and availability of vans which are all analysed when determining the stock provision.

Recoverability of trade debtors

The company considers the recoverability of trade debtors at each reporting period, where there is objective evidence of impairment the debts are written off. Management considers the value of trade debts as at the end of the reporting period to be recoverable in full.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
25
24
VANS NORTHWEST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 7 -
4
Tangible fixed assets
Land and buildings
Plant and machinery
Fixtures and fittings
Office equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 September 2024
197,847
152,600
64,723
38,232
189,661
643,063
Additions
-
0
9,290
6,000
1,073
-
0
16,363
Disposals
(197,847)
-
0
-
0
-
0
(184,661)
(382,508)
At 31 August 2025
-
0
161,890
70,723
39,305
5,000
276,918
Depreciation and impairment
At 1 September 2024
50,988
106,054
26,737
10,707
21,418
215,904
Depreciation charged in the year
-
0
10,386
9,206
5,720
410
25,722
Eliminated in respect of disposals
(50,988)
-
0
-
0
-
0
(18,466)
(69,454)
At 31 August 2025
-
0
116,440
35,943
16,427
3,362
172,172
Carrying amount
At 31 August 2025
-
0
45,450
34,780
22,878
1,638
104,746
At 31 August 2024
146,859
46,546
37,986
27,525
168,243
427,159
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
859,352
816,511
Other debtors
185,380
212,021
1,044,732
1,028,532
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
-
0
39,222
Trade creditors
453,299
547,013
Amounts owed to group undertakings
1,881,822
-
0
Taxation and social security
186,677
402,709
Other creditors
338,981
715,458
2,860,779
1,704,402
VANS NORTHWEST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 8 -
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
41,388
Other creditors
75,000
75,000
75,000
116,388

The long-term loans are secured by fixed charges over the land, buildings, fixtures, plant and machinery, and by floating charge over all moveable plant, machinery, furniture, equipment, goodwill and licences owned by the business.

8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
200
200
200
200
A Ordinary of £1 each
1
1
1
1
B Ordinary of £1 each
1
1
1
1
C Ordinary of £1 each
1
1
1
1
203
203
203
203
9
Parent Company

The parent company of Vans Northwest Ltd is VNW Holdings Ltd, and its registered office is at Haydock Lane, Haydock Industrial Estate, St Helens, Merseyside, England, WA11 9UY.

10
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases as follows:

2025
2024
£
£
Total commitments
9,000
15,000
11
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

VANS NORTHWEST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
11
Related party transactions
(Continued)
- 9 -
Sales
Sales
Purchases
Purchases
2025
2024
2025
2024
£
£
£
£
Entities under common control
15,878
3,236
5,910,710
4,581,131
2025
2024
Amounts due to related parties
£
£
Entities under common control
187,993
516,360

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due from related parties
£
£
Entities under common control
43,448
27,357
Other information

The company has taken advantage of the exemption permitted by section 33 'Related Party Disclosures' of Financial Reporting Standard 102 'The Financial Reporting Standard Applicable in the UK and Republic of Ireland' from the requirement to disclose transactions between wholly owned group companies.

2025-08-31 2024-09-01 false false false 07 May 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr G Brown Mr J Oakes 05893223 2024-09-01 2025-08-31 05893223 2025-08-31 05893223 2024-08-31 05893223 core:LandBuildings core:OwnedOrFreeholdAssets 2025-08-31 05893223 core:PlantMachinery 2025-08-31 05893223 core:FurnitureFittings 2025-08-31 05893223 core:ComputerEquipment 2025-08-31 05893223 core:MotorVehicles 2025-08-31 05893223 core:LandBuildings core:OwnedOrFreeholdAssets 2024-08-31 05893223 core:PlantMachinery 2024-08-31 05893223 core:FurnitureFittings 2024-08-31 05893223 core:ComputerEquipment 2024-08-31 05893223 core:MotorVehicles 2024-08-31 05893223 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 05893223 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 05893223 core:Non-currentFinancialInstruments core:AfterOneYear 2025-08-31 05893223 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 05893223 core:CurrentFinancialInstruments 2025-08-31 05893223 core:CurrentFinancialInstruments 2024-08-31 05893223 core:Non-currentFinancialInstruments 2025-08-31 05893223 core:Non-currentFinancialInstruments 2024-08-31 05893223 core:ShareCapital 2025-08-31 05893223 core:ShareCapital 2024-08-31 05893223 core:RevaluationReserve 2025-08-31 05893223 core:RevaluationReserve 2024-08-31 05893223 core:RetainedEarningsAccumulatedLosses 2025-08-31 05893223 core:RetainedEarningsAccumulatedLosses 2024-08-31 05893223 core:ShareCapitalOrdinaryShareClass1 2025-08-31 05893223 core:ShareCapitalOrdinaryShareClass1 2024-08-31 05893223 core:ShareCapitalOrdinaryShareClass2 2025-08-31 05893223 core:ShareCapitalOrdinaryShareClass2 2024-08-31 05893223 core:ShareCapitalOrdinaryShareClass3 2025-08-31 05893223 core:ShareCapitalOrdinaryShareClass3 2024-08-31 05893223 core:ShareCapitalOrdinaryShareClass4 2025-08-31 05893223 core:ShareCapitalOrdinaryShareClass4 2024-08-31 05893223 core:ShareCapitalOrdinaryShares 2025-08-31 05893223 core:ShareCapitalOrdinaryShares 2024-08-31 05893223 bus:Director2 2024-09-01 2025-08-31 05893223 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-01 2025-08-31 05893223 core:PlantMachinery 2024-09-01 2025-08-31 05893223 core:FurnitureFittings 2024-09-01 2025-08-31 05893223 core:ComputerEquipment 2024-09-01 2025-08-31 05893223 core:MotorVehicles 2024-09-01 2025-08-31 05893223 2023-09-01 2024-08-31 05893223 core:LandBuildings core:OwnedOrFreeholdAssets 2024-08-31 05893223 core:PlantMachinery 2024-08-31 05893223 core:FurnitureFittings 2024-08-31 05893223 core:ComputerEquipment 2024-08-31 05893223 core:MotorVehicles 2024-08-31 05893223 2024-08-31 05893223 bus:OrdinaryShareClass1 2024-09-01 2025-08-31 05893223 bus:OrdinaryShareClass2 2024-09-01 2025-08-31 05893223 bus:OrdinaryShareClass3 2024-09-01 2025-08-31 05893223 bus:OrdinaryShareClass4 2024-09-01 2025-08-31 05893223 bus:OrdinaryShareClass1 2025-08-31 05893223 bus:OrdinaryShareClass1 2024-08-31 05893223 bus:OrdinaryShareClass2 2025-08-31 05893223 bus:OrdinaryShareClass2 2024-08-31 05893223 bus:OrdinaryShareClass3 2025-08-31 05893223 bus:OrdinaryShareClass3 2024-08-31 05893223 bus:OrdinaryShareClass4 2025-08-31 05893223 bus:OrdinaryShareClass4 2024-08-31 05893223 bus:AllOrdinaryShares 2025-08-31 05893223 bus:AllOrdinaryShares 2024-08-31 05893223 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 05893223 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 05893223 bus:FRS102 2024-09-01 2025-08-31 05893223 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 05893223 bus:Director1 2024-09-01 2025-08-31 05893223 bus:FullAccounts 2024-09-01 2025-08-31 xbrli:pure xbrli:shares iso4217:GBP