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Registered number: 10123392
One Five Two Vehicle Conversions Limited
ACCOUNTS
FOR THE YEAR ENDED 31/12/2025
Prepared By:
Goody Chartered Accountants & Tax Advisors
8 Old Forge Court
Colchester Road
Elmstead Market
Essex
CO7 7EA
One Five Two Vehicle Conversions Limited
ACCOUNTS
FOR THE YEAR ENDED 31/12/2025
DIRECTORS
Scott Adams
Louise Adams
REGISTERED OFFICE
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10123392
ACCOUNTANTS
Goody Chartered Accountants & Tax Advisors
8 Old Forge Court
Colchester Road
Elmstead Market
Essex
CO7 7EA
One Five Two Vehicle Conversions Limited
ACCOUNTS
FOR THEYEARENDED31/12/2025
CONTENTS
Page
Balance Sheet3
Notes To The Accounts5
One Five Two Vehicle Conversions Limited
BALANCE SHEET AT 31/12/2025
20252024
Notes££
FIXED ASSETS
Tangible assets36242,483
CURRENT ASSETS
Stock39,45740,000
Debtors578,9144,229
Cash at bank and in hand-7,917
118,37152,146
CREDITORS: Amounts falling due within one year6239,076106,571
NET CURRENT LIABILITIES(120,705)(54,425)
TOTAL ASSETS LESS CURRENT LIABILITIES(120,081)(51,942)
CREDITORS: Amounts falling due after more than one year765,77355,336
NET LIABILITIES(185,854)(107,278)
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account(185,954)(107,378)
SHAREHOLDERS' FUNDS(185,854)(107,278)
One Five Two Vehicle Conversions Limited
BALANCE SHEET AT 31/12/2025
For the year ending 31/12/2025 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 07/08/2026 and signed on their behalf by
.............................
Scott Adams
Director
.............................
Louise Adams
One Five Two Vehicle Conversions Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20252024
No.No.
Average number of employees77
One Five Two Vehicle Conversions Limited
3. TANGIBLE FIXED ASSETS
Plant and
MachineryTotal
££
Cost
At 01/01/202518,96818,968
Additions833833
At 31/12/202519,80119,801
Depreciation
At 01/01/202516,48516,485
For the year2,6922,692
At 31/12/202519,17719,177
Net Book Amounts
At 31/12/2025624624
At 31/12/20242,4832,483
4. STOCK 20252024
££
Stock comprises:
Stock24,58310,000
Work in progress14,87430,000
39,45740,000
5. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors69,4353,879
Other debtors350350
Directors current account9,129-
78,9144,229
One Five Two Vehicle Conversions Limited
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
VAT21,8425,620
PAYE control23,1076,263
Directors current account-8,610
Bank loans and overdrafts37,175-
Bank Loan80,24517,488
Trade creditors2349,354
Other creditors71,24056,336
Accruals5,2332,900
239,076106,571
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20252024
££
Bank loans (unsecured) >1yr65,77355,336
65,77355,336
8. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100