REGISTERED NUMBER: 07387098 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

East Midlands Vans Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I Ahmad

REGISTERED OFFICE:

199 Narborough Road South

Leicester

Leicestershire

LE3 2LJ

REGISTERED NUMBER:

07387098 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

4

550

1,230

CURRENT ASSETS

Stocks

1,261,643

1,240,949

Debtors

5

128,143

323,418

Cash at bank

2,795

15,716

1,392,581

1,580,083

CREDITORS

Amounts falling due within one year

6

(1,254,668

)

(1,438,378

)

NET CURRENT ASSETS

137,913

141,705

TOTAL ASSETS LESS CURRENT LIABILITIES

138,463

142,935

CREDITORS

Amounts falling due after more than one year

7

(3,295

)

(22,743

)

NET ASSETS

135,168

120,192

CAPITAL AND RESERVES

Called up share capital

120,000

120,000

Retained earnings

15,168

192

SHAREHOLDERS' FUNDS

135,168

120,192

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 July 2026 and were signed by:

I Ahmad - Director

1.	STATUTORY INFORMATION

East Midlands Vans Ltd 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.

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.

Tangible fixed assets

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

Plant and machinery

-

10% on cost

Fixtures and fittings

-

9% on cost

Computer equipment

-

13% on cost

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, 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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchases contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

and 31 December 2025

18,477

258

29,778

48,513

DEPRECIATION

At 1 January 2025

18,477

258

28,548

47,283

Charge for year

-

-

680

680

At 31 December 2025

18,477

258

29,228

47,963

NET BOOK VALUE

At 31 December 2025

-

-

550

550

At 31 December 2024

-

-

1,230

1,230

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

83,451

254,477

Other debtors

44,692

68,941

128,143

323,418

Other debtors includes prepayments and accrued income of £26,192 (2024: £22,466).

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

44,824

66,482

Hire purchase contracts

6,226

5,762

Trade creditors

438,532

656,110

Taxation and social security

68,634

43,304

Other creditors

696,452

666,720

1,254,668

1,438,378

Other creditors includes accruals and deferred income of £7,000 (2024: £6,900).

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

-

13,221

Hire purchase contracts

3,295

9,522

3,295

22,743

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank overdrafts

21,366

19,828

Hire purchase contracts

9,521

15,284

30,887

35,112

The bank overdraft contains fixed and floating charges over all of the property and undertaking of the company.

Hire purchase creditors are secured against the asset being so acquired.