| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 29 FEBRUARY 2024 TO 27 FEBRUARY 2025 |
| FOR |
| GERMAN VEHICLE SPECIALISTS LIMITED |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 29 FEBRUARY 2024 TO 27 FEBRUARY 2025 |
| FOR |
| GERMAN VEHICLE SPECIALISTS LIMITED |
| GERMAN VEHICLE SPECIALISTS LIMITED (REGISTERED NUMBER: 07530760) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 29 FEBRUARY 2024 TO 27 FEBRUARY 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| GERMAN VEHICLE SPECIALISTS LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 29 FEBRUARY 2024 TO 27 FEBRUARY 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Turnpike House |
| 1208/1210 London Road |
| Leigh on Sea |
| Essex |
| SS9 2UA |
| GERMAN VEHICLE SPECIALISTS LIMITED (REGISTERED NUMBER: 07530760) |
| BALANCE SHEET |
| 27 FEBRUARY 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| GERMAN VEHICLE SPECIALISTS LIMITED (REGISTERED NUMBER: 07530760) |
| BALANCE SHEET - continued |
| 27 FEBRUARY 2025 |
| The financial statements were approved by the director and authorised for issue on |
| GERMAN VEHICLE SPECIALISTS LIMITED (REGISTERED NUMBER: 07530760) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 29 FEBRUARY 2024 TO 27 FEBRUARY 2025 |
| 1. | STATUTORY INFORMATION |
| German Vehicle Specialists Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net invoiced sales of goods and services, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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 period 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 period 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 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 period was |
| GERMAN VEHICLE SPECIALISTS LIMITED (REGISTERED NUMBER: 07530760) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 29 FEBRUARY 2024 TO 27 FEBRUARY 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Motor | Computer |
| machinery | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 29 February 2024 |
| and 27 February 2025 |
| DEPRECIATION |
| At 29 February 2024 |
| Charge for period |
| At 27 February 2025 |
| NET BOOK VALUE |
| At 27 February 2025 |
| At 28 February 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Directors' loan accounts | 11,545 | - |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 11,125 | 4,728 |
| Other creditors |
| Directors' loan accounts | - | 14 |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans - 2-5 years |
| GERMAN VEHICLE SPECIALISTS LIMITED (REGISTERED NUMBER: 07530760) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 29 FEBRUARY 2024 TO 27 FEBRUARY 2025 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank loans | 2,133 | 3,733 |
| The bank loan is secured by way of a government backed guarantee. |