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Company Registration No. 9758173 (England and Wales)
TRADE VEHICLE PARTS LIMITED Unaudited accounts for the year ended 30 September 2025
TRADE VEHICLE PARTS LIMITED Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
125,653
149,712
Current assets
Inventories
792,281
758,498
Debtors
5
421,400
382,143
Cash at bank and in hand
40,316
39,500
1,253,997
1,180,141
Creditors: amounts falling due within one year
6
(562,170)
(542,791)
Net current assets
691,827
637,350
Total assets less current liabilities
817,480
787,062
Creditors: amounts falling due after more than one year
7
(104,469)
(160,283)
Provisions for liabilities
Deferred tax
(31,413)
(37,428)
Net assets
681,598
589,351
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
681,498
589,251
Shareholders' funds
681,598
589,351
For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2026 and were signed on its behalf by
Deyan Petrovski Director Company Registration No. 9758173
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TRADE VEHICLE PARTS LIMITED Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
TRADE VEHICLE PARTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 9758173. The registered office is 21 MAIN STREET, THORPE SATCHVILLE, LEICESTERSHIRE, LE14 2DQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Straight line basis
Plant & machinery
33.33% Straight line basis
Motor vehicles
25% Straight line basis
Fixtures & fittings
25% Straight line basis
Computer equipment
25% Straight line basis
Stocks
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 items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
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TRADE VEHICLE PARTS LIMITED Notes to the Accounts for the year ended 30 September 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2024
77,758
19,322
235,903
86,562
419,545
Additions
-
-
5,648
-
5,648
At 30 September 2025
77,758
19,322
241,551
86,562
425,193
Depreciation
At 1 October 2024
70,283
3,280
109,708
86,562
269,833
Charge for the year
3,898
4,375
21,434
-
29,707
At 30 September 2025
74,181
7,655
131,142
86,562
299,540
Net book value
At 30 September 2025
3,577
11,667
110,409
-
125,653
At 30 September 2024
7,475
16,042
126,195
-
149,712
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
169,309
97,791
Accrued income and prepayments
57,090
25,455
Other debtors
18,190
4,085
244,589
127,331
Amounts falling due after more than one year
Other debtors
176,811
254,812
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
19,697
67,603
VAT
125,367
121,355
Trade creditors
278,125
196,054
Taxes and social security
71,932
93,006
Other creditors
53,216
36,462
Accruals
13,833
28,311
562,170
542,791
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
104,469
160,283
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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TRADE VEHICLE PARTS LIMITED Notes to the Accounts for the year ended 30 September 2025
9
Transactions with related parties
During the year the company paid rent of £72,000 (PY: 72,000) to Homely house Rentals Limited, a company in which Mr.Deyan Petrovski and Vladimir Ivanov have controlling interest. Included within Other Debtors is an amount of £176,811 (PY: £254,812) due from VD Homes Ltd, a company registered in England & Wales In which Mr. Deyan Petrovski and Vladimir Ivanov have a controlling interest in this entity. The loan is unsecured, interest-free, and repayable on demand. Included within Other Creditors is an amount of £31,602 (PY: £31,602) due to Homely house Rentals Limited, a company registered in England & Wales, in which Mr.Deyan Petrovski and Vladimir Ivanov have a beneficial interest. The loan is unsecured, interest-free, and repayable on demand. All transactions involved have been conducted at arms length basis.
10
Controlling party
The ultimate controlling party is shared equally between Deyan Petrovski (50%) and Vladimir Asenov Ivanov (50%).
11
Average number of employees
During the year the average number of employees was 11 (2024: 10).
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