VC CLASSICS LTD - Filleted accounts

Registered number

11766467

VC CLASSICS LTD

Filleted Accounts

31 January 2026

VC CLASSICS LTD
Registered number:		11766467
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		2,899			2,899
Tangible assets	4		19,764			26,701
			22,663			29,600

Current assets
Stocks		62,740			62,019
Debtors	5	50,020			53,009
Cash at bank and in hand		3,054			8,901
		115,814			123,929

Creditors: amounts falling due within one year	6	(286,101)			(335,045)

Net current liabilities			(170,287)			(211,116)

Total assets less current liabilities			(147,624)			(181,516)

Creditors: amounts falling due after more than one year	7		(65,230)			(32,906)



Net liabilities			(212,854)			(214,422)

Capital and reserves
Called up share capital			1			1
Profit and loss account			(212,855)			(214,423)

Shareholder's funds			(212,854)			(214,422)

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 member has 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.




PK Limb
Director
Approved by the board on 22 October 2026

VC CLASSICS LTD
Notes to the Accounts
for the year ended 31 January 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Building improvements			over 10 years
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	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.

	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					12		13


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 February 2025							2,899
	At 31 January 2026							2,899

	Amortisation
	At 31 January 2026							-

	Net book value
	At 31 January 2026							2,899
	At 31 January 2025							2,899

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 February 2025	6,550		126,303		5,087		137,940
	Additions	-		4,786		-		4,786
	At 31 January 2026	6,550		131,089		5,087		142,726

	Depreciation
	At 1 February 2025	3,930		105,272		2,037		111,239
	Charge for the year	655		10,050		1,018		11,723
	At 31 January 2026	4,585		115,322		3,055		122,962

	Net book value
	At 31 January 2026	1,965		15,767		2,032		19,764
	At 31 January 2025	2,620		21,031		3,050		26,701


5	Debtors					2026		2025
£							£

	Trade debtors					47,300		50,289
	Other debtors					2,720		2,720
						50,020		53,009


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

	Bank loans and overdrafts					50,512		35,614
	Trade creditors					23,800		18,889
	Taxation and social security costs					85,342		83,788
	Other creditors					126,447		196,754
						286,101		335,045


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

	Bank loans					65,230		32,906


8	Related party transactions

	Included in other creditors are amounts owed to directors of £122,483 (2025:£171,832).


9	Controlling party

	The company is controlled by Mr PK Limb.


10	Other information

	VC CLASSICS LTD is a private company limited by shares and incorporated in England. Its registered office is:
	Units 1-5 Oakleaf Court
	Oakleaf Court
	Doncaster
	DN11 0PS