V-Tec Automotive Salisbury 2010 Limited

Registered number

07168896

Filleted Accounts

28 February 2026

V-Tec Automotive Salisbury 2010 Limited
Registered number:		07168896
Balance Sheet
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		557,832			485,092

Current assets
Debtors	4	7,501			7,977
Cash at bank and in hand		112,950			207,825
		120,451			215,802

Creditors: amounts falling due within one year	5	(135,119)			(171,357)

Net current (liabilities)/assets			(14,668)			44,445

Total assets less current liabilities			543,164			529,537

Creditors: amounts falling due after more than one year	6		(111,082)			(136,558)

Provisions for liabilities			(49,902)			(34,497)


Net assets			382,180			358,482

Capital and reserves
Called up share capital			3			3
Revaluation reserve	7		231,566			181,566
Profit and loss account			150,611			176,913

Shareholders' funds			382,180			358,482

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr T J Plastow
Director
Approved by the board on 27 July 2026

V-Tec Automotive Salisbury 2010 Limited
Notes to the Accounts
for the year ended 28 February 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			over 5 years
	Motor vehicle			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					8		6


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 March 2025	425,000		94,205		34,202		553,407
	Additions	28,142		9,307		-		37,449
	Surplus on revaluation	50,000		-		-		50,000
	At 28 February 2026	503,142		103,512		34,202		640,856

	Depreciation
	At 1 March 2025	-		58,195		10,120		68,315
	Charge for the year	352		8,336		6,021		14,709
	At 28 February 2026	352		66,531		16,141		83,024

	Net book value
	At 28 February 2026	502,790		36,981		18,061		557,832
	At 28 February 2025	425,000		36,010		24,082		485,092


4	Debtors					2026		2025
£							£

	Trade debtors					5,502		7,263
	Other debtors					1,999		714
						7,501		7,977


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					28,989		46,153
	Trade creditors					34,861		42,422
	Directors loan account - T Plastow					25,000		30,000
	Loan account - M Plastow					6,000		6,000
	Taxation and social security costs					37,711		45,627
	Other creditors					2,558		1,155
						135,119		171,357


6	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					111,082		136,558


7	Revaluation reserve					2026		2025
£							£

	At 1 March 2025					181,566		181,566
	Gain on revaluation of land and buildings					50,000		-

	At 28 February 2026					231,566		181,566


8	Other information

	V-Tec Automotive Salisbury 2010 Limited is a private company limited by shares and incorporated in England. Its registered office is:
	23 Pauls Dene Road
	Salisbury
	Wiltshire
	SP1 3SE