Registration number: 01263262

Van Guard Accessories Limited

Contents

Company Information	1
Statement of Directors' Responsibilities	2
Balance Sheet	3
Notes to the Financial Statements	4 to 12

Van Guard Accessories Limited

Company Information

Directors

E Harris A D Rote J P Jongert N Smith R Leroux L S Andrews

Company secretary

N Smith

Registered office

Exeter Airport Business Park Fair Oak Close Clyst Honiton Exeter Devon EX5 2UL

Auditors

Thompson Jenner LLP 28 Alexandra Terrace Exmouth Devon EX8 1BD

Van Guard Accessories Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006 and in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Van Guard Accessories Limited

(Registration number: 01263262)
Balance Sheet as at 31 December 2025

	Note	31 December 2025 £	30 April 2025 £
Fixed assets
Intangible assets	4	19,507	1
Tangible assets	5	951,775	913,860
Investments	6	5,099	5,099
		976,381	918,960
Current assets
Stocks	7	2,611,875	2,165,251
Debtors	8	1,769,477	2,004,850
Cash at bank and in hand		61,205	50,644
		4,442,557	4,220,745
Creditors: Amounts falling due within one year	9	(2,573,060)	(2,652,548)
Net current assets		1,869,497	1,568,197
Total assets less current liabilities		2,845,878	2,487,157
Creditors: Amounts falling due after more than one year	9	-	(16,336)
Provisions for liabilities		(177,445)	(153,496)
Net assets		2,668,433	2,317,325
Capital and reserves
Called up share capital		5,100	5,100
Retained earnings		2,663,333	2,312,225
Total equity		2,668,433	2,317,325

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 April 2026 and signed on its behalf by:
 

......................................... N Smith Director

Van Guard Accessories Limited

Notes to the Financial Statements for the Period from 1 May 2025 to 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Exeter Airport Business Park
Fair Oak Close
Clyst Honiton
Exeter
Devon
EX5 2UL

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The group has taken exemption from preparing group accounts as it is considered a small group.

Disclosure of long or short period

The company has changed its accounting reference date from 30 April to 31 December. Accordingly, the current financial statements are prepared for the eight month period ended 31 December 2025. The comparative figures are for the 12 month period ended 30 April 2025. Therefore, the amounts presented in the financial statements are not entirely comparable.

Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 2 June 2026 was Simon Lewis, who signed for and on behalf of Thompson Jenner LLP.

Van Guard Accessories Limited

Notes to the Financial Statements for the Period from 1 May 2025 to 31 December 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	Not depreciated
Leasehold improvements	10% straight line basis
Plant and machinery	20% straight line basis
Fixtures and fittings	10% straight line basis

Van Guard Accessories Limited

Notes to the Financial Statements for the Period from 1 May 2025 to 31 December 2025

Office equipment

33.3% straight line basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	Not amortised
Other intangible assets	20% and 33.3% straight line basis

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Van Guard Accessories Limited

Notes to the Financial Statements for the Period from 1 May 2025 to 31 December 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 80 (2025 - 68).

Van Guard Accessories Limited

Notes to the Financial Statements for the Period from 1 May 2025 to 31 December 2025

4	Intangible assets

	Goodwill  £	Other intangible assets  £	Total £
Cost or valuation
At 1 May 2025	1	-	1
Additions acquired separately	-	21,574	21,574
At 31 December 2025	1	21,574	21,575
Amortisation
Amortisation charge	-	2,068	2,068
At 31 December 2025	-	2,068	2,068
Carrying amount
At 31 December 2025	1	19,506	19,507
At 30 April 2025	1	-	1

Van Guard Accessories Limited

Notes to the Financial Statements for the Period from 1 May 2025 to 31 December 2025

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Projects £	Other tangible assets £	Total £
Cost or valuation
At 1 May 2025	122,318	526,164	188,126	1,877,616	2,714,224
Additions	22,041	143,527	-	86,053	251,621
Disposals	-	(244,055)	(36,141)	(722,981)	(1,003,177)
Transfers	-	68,481	28,091	(25,179)	71,393
At 31 December 2025	144,359	494,117	180,076	1,215,509	2,034,061
Depreciation
At 1 May 2025	-	286,070	178,378	1,335,916	1,800,364
Charge for the period	4,500	28,574	17,761	162,498	213,333
Eliminated on disposal	-	(244,056)	(36,140)	(722,975)	(1,003,171)
Transfers	-	41,558	18,027	12,175	71,760
At 31 December 2025	4,500	112,146	178,026	787,614	1,082,286
Carrying amount
At 31 December 2025	139,859	381,971	2,050	427,895	951,775
At 30 April 2025	122,318	240,094	9,748	541,700	913,860

Included within the net book value of land and buildings above is £139,859 (2025 - £122,318) in respect of long leasehold land and buildings.
 

6	Investments

	31 December 2025 £	30 April 2025 £
Investments in subsidiaries	5,099	5,099