Thurkettle Vehicle Engineers Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07195823

Thurkettle Vehicle Engineers Ltd

Filleted Unaudited Financial Statements

30 September 2025

Thurkettle Vehicle Engineers Ltd

Officers and Professional Advisers

Director	S Thurkettle

Registered office	4 Rabans Close
	Rabans Lane Industrial Area
	Aylesbury
	Bucks
	HP19 8RS

Accountants	Warners
	Chartered Accountants
	3a The Wenta Business Centre
	Colne Way
	Watford
	WD24 7ND

Thurkettle Vehicle Engineers Ltd

Balance Sheet

30 September 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		64,285	73,505

Current assets

Stocks		3,600	2,600
Debtors	6	23,781	32,338
Cash at bank and in hand		228,063	146,711
		---------	---------
		255,444	181,649

Creditors: amounts falling due within one year	7	120,676		80,749
		---------		---------
Net current assets			134,768	100,900
			---------	---------
Total assets less current liabilities			199,053	174,405

Provisions

Taxation including deferred tax	10,856	12,997
	---------	---------
Net assets	188,197	161,408
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	188,097	161,308
	---------	---------
Shareholders funds	188,197	161,408
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 23 September 2026 , and are signed on behalf of the board by:

S Thurkettle _______________ Director

Company registration number: 07195823

Thurkettle Vehicle Engineers Ltd

Notes to the Financial Statements

Year ended 30 September 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Rabans Close, Rabans Lane Industrial Area, Aylesbury, Bucks, HP19 8RS.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents the amount earned for work carried out during the year. It is measured at the fair value of the receivables for goods supplied and services rendered and takes account of the stage of completion of the work.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Computers	-	30% straight line
Office equipment	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Garage equiment	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2024: 6 ).

5. Tangible assets

	Computer equipment	Office equipment	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 October 2024	4,850	7,344	79,360	71,637	163,191
Additions	–	4,115	6,700	2,785	13,600
Disposals	( 855)	( 1,564)	( 2,350)	( 22,716)	( 27,485)
	-------	-------	--------	--------	---------
At 30 September 2025	3,995	9,895	83,710	51,706	149,306
	-------	-------	--------	--------	---------
Depreciation
At 1 October 2024	3,854	3,689	30,228	51,915	89,686
Charge for the year	840	1,383	13,396	5,878	21,497
Disposals	( 855)	( 1,564)	( 1,027)	( 22,716)	( 26,162)
	-------	-------	--------	--------	---------
At 30 September 2025	3,839	3,508	42,597	35,077	85,021
	-------	-------	--------	--------	---------
Carrying amount
At 30 September 2025	156	6,387	41,113	16,629	64,285
	-------	-------	--------	--------	---------
At 30 September 2024	996	3,655	49,132	19,722	73,505
	-------	-------	--------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	18,608	26,803
Prepayments and accrued income	5,173	5,535
	--------	--------
	23,781	32,338
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	33,126	26,101
Accruals and deferred income	3,670	4,713
Corporation tax	34,257	22,636
Social security and other taxes	38,703	21,744
Director loan accounts	9,633	4,633
Other creditors	1,287	922
	---------	--------
	120,676	80,749
	---------	--------

8. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	–	14,170
Later than 5 years	82,100	–
	--------	--------
	82,100	14,170
	--------	--------

The above obligations at the balance sheet date are spread over approximately the next 5 years (2024: 1 year).

9. Transactions with directors

During the year dividends totalling £70,000 (2024: £65,000) were paid to the director.