REGISTERED NUMBER: 01313241 (England and Wales)

P.A. THORPE (VEHICLE COMPONENTS) LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M F Thorpe

J M Bradley

REGISTERED OFFICE:

Engine Shed Lane

Skipton

North Yorkshire

BD23 1UP

REGISTERED NUMBER:

01313241 (England and Wales)

ACCOUNTANTS:

Maclean & Company

1 Park View Court

St Paul's Road

Shipley

West Yorkshire

BD18 3DZ

FIXED ASSETS

Tangible assets

4

632,490

671,235

Investments

5

3,846

3,846

636,336

675,081

CURRENT ASSETS

Stocks

646,719

741,928

Debtors

6

534,792

691,205

Cash at bank and in hand

4,296,368

4,073,736

5,477,879

5,506,869

CREDITORS

Amounts falling due within one year

7

334,545

432,551

NET CURRENT ASSETS

5,143,334

5,074,318

TOTAL ASSETS LESS CURRENT LIABILITIES

5,779,670

5,749,399

CREDITORS

Amounts falling due after more than one year

8

27,189

21,801

NET ASSETS

5,752,481

5,727,598

CAPITAL AND RESERVES

Called up share capital

200,175

200,175

Retained earnings

5,552,306

5,527,423

SHAREHOLDERS' FUNDS

5,752,481

5,727,598

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2026 and were signed on its behalf by:

Mrs M F Thorpe - Director

1.	STATUTORY INFORMATION

P.A. THORPE (VEHICLE COMPONENTS) LIMITED 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant & equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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 year 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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 the 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.

Pension costs and other post-retirement benefits

The company operates various defined contribution pension schemes, the assets of which are held separately from those of the company in independently administered funds. Contributions paid during the year are charged to the Profit and loss account in the year of payment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant &

Motor

property

equipment

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

288,750

696,120

173,869

1,158,739

Additions

-

19,545

48,184

67,729

Disposals

-

-

(67,456

)

(67,456

)

At 31 December 2025

288,750

715,665

154,597

1,159,012

DEPRECIATION

At 1 January 2025

5,775

369,684

112,045

487,504

Charge for year

5,775

48,965

18,820

73,560

Eliminated on disposal

-

-

(34,542

)

(34,542

)

At 31 December 2025

11,550

418,649

96,323

526,522

NET BOOK VALUE

At 31 December 2025

277,200

297,016

58,274

632,490

At 31 December 2024

282,975

326,436

61,824

671,235

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2025

68,299

Additions

48,184

Disposals

(33,399

)

Transfer to ownership

(34,900

)

At 31 December 2025

48,184

DEPRECIATION

At 1 January 2025

28,544

Charge for year

11,647

Eliminated on disposal

(10,588

)

Transfer to ownership

(20,193

)

At 31 December 2025

9,410

NET BOOK VALUE

At 31 December 2025

38,774

At 31 December 2024

39,755

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2025

and 31 December 2025

3,846

NET BOOK VALUE

At 31 December 2025

3,846

At 31 December 2024

3,846

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

501,623

654,509

Other debtors

33,169

36,696

534,792

691,205

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

3,721

11,902

Trade creditors

192,146

242,031

Taxation

138,678

178,618

334,545

432,551

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

27,189

21,801

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Hire purchase contracts

30,910

33,703

The hire purchase creditors are secured against the assets to which they relate.