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Company Registration No. 07260920 (England and Wales)
Car Vault (London) Ltd Unaudited accounts for the year ended 31 May 2026
Car Vault (London) Ltd Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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Car Vault (London) Ltd Statement of financial position as at 31 May 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
2,960
5,221
Current assets
Debtors
5
127,277
94,731
Cash at bank and in hand
40,386
39,786
167,663
134,517
Creditors: amounts falling due within one year
6
(185,951)
(182,860)
Net current liabilities
(18,288)
(48,343)
Total assets less current liabilities
(15,328)
(43,122)
Creditors: amounts falling due after more than one year
7
(14,623)
(20,701)
Net liabilities
(29,951)
(63,823)
Capital and reserves
Called up share capital
8
150
150
Profit and loss account
(30,101)
(63,973)
Shareholders' funds
(29,951)
(63,823)
For the year ending 31 May 2026 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 22 July 2026 and were signed on its behalf by
Mr I K Brookes Director Company Registration No. 07260920
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Car Vault (London) Ltd Notes to the Accounts for the year ended 31 May 2026
1
Statutory information
Car Vault (London) Ltd is a private company, limited by shares, registered in England and Wales, registration number 07260920. The registered office is 34 St. Vincents Road, Westcliff-on-Sea, Essex, SS0 7PR, England.
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
30% straight line
Computer equipment
33.3% straight line
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Car Vault (London) Ltd Notes to the Accounts for the year ended 31 May 2026
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 June 2025
26,098
1,682
27,780
At 31 May 2026
26,098
1,682
27,780
Depreciation
At 1 June 2025
21,998
561
22,559
Charge for the year
1,700
561
2,261
At 31 May 2026
23,698
1,122
24,820
Net book value
At 31 May 2026
2,400
560
2,960
At 31 May 2025
4,100
1,121
5,221
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
53,218
42,984
Accrued income and prepayments
16,094
7,600
Other debtors
57,965
44,147
127,277
94,731
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
6,000
6,000
VAT
22,019
19,752
Trade creditors
10,175
7,728
Taxes and social security
1,891
5,038
Other creditors
30,323
21,013
Loans from directors
51,796
53,796
Accruals
63,747
69,533
185,951
182,860
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
14,623
20,701
8
Share capital
2026
2025
£
£
Allotted, called up and fully paid:
150 Ordinary shares of £1 each
150
150
- 5 -
Car Vault (London) Ltd Notes to the Accounts for the year ended 31 May 2026
9
Average number of employees
During the year the average number of employees was 7 (2025: 7).
- 6 -