Vale Cars Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 4652720

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		3,000		4,000
Tangible Assets	5		1,283,802		1,182,969

			1,286,802		1,186,969
CURRENT ASSETS
Debtors	6	124,080		79,972
Cash at bank and in hand		67,356		57,779

		191,436		137,751
Creditors: Amounts Falling Due Within One Year	7	(473,585 )		(427,229 )

NET CURRENT ASSETS (LIABILITIES)			(282,149 )		(289,478 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,004,653		897,491

Creditors: Amounts Falling Due After More Than One Year	8		(584,672 )		(534,111 )

NET ASSETS			419,981		363,380

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			419,881		363,280

SHAREHOLDERS' FUNDS			419,981		363,380

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Vale Cars Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Bryan Way

Director

14/10/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Vale Cars Limited is a private company, limited by shares, incorporated in England & Wales, registered number 4652720 . The registered office is The Garage, Marsh Lane Industrial Estate, Henstridge, Somerset, BA8 0TG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives. The policy has been reviewed in the current year, following a professional valuation of vehicles carried out as at 31 January 2023. This follows the acquisition of high value vehicles purchased during the corona virus lockdown considerably lower than retail value. Depreciation provided during 2023 has been amended to reflect this, on the following basis:

Freehold	10% straight line basis
Leasehold	5% straight line basis
Motor Vehicles	15% reducing balance basis
Plant & Equipment	25% reducing balance basis

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 15 (2025: 17)

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Vale Cars Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 February 2025	10,000

As at 31 January 2026	10,000

Amortisation
As at 1 February 2025	6,000
Provided during the period	1,000

As at 31 January 2026	7,000

Net Book Value
As at 31 January 2026	3,000

As at 1 February 2025	4,000

5. Tangible Assets

	Land & Property
	Freehold	Leasehold	Motor Vehicles	Plant & Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2025	-	-	1,951,601	26,125	1,977,726
Additions	16,756	49,935	284,500	3,480	354,671
Disposals	-	-	(218,746 )	-	(218,746 )

As at 31 January 2026	16,756	49,935	2,017,355	29,605	2,113,651

Depreciation
As at 1 February 2025	-	-	787,993	6,764	794,757
Provided during the period	115	575	202,410	3,287	206,387
Disposals	-	-	(171,295 )	-	(171,295 )

As at 31 January 2026	115	575	819,108	10,051	829,849

Net Book Value
As at 31 January 2026	16,641	49,360	1,198,247	19,554	1,283,802

As at 1 February 2025	-	-	1,163,608	19,361	1,182,969

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	105,355	65,791
Prepayments and accrued income	7,177	7,327
VAT	11,548	6,854

	124,080	79,972

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Vale Cars Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	266,200	247,223
Trade creditors	75,687	60,467
Bank loans and overdrafts	52,123	44,351
Other taxes and social security	19,569	20,306
Other creditors	493	8,476
Accruals and deferred income	3,000	2,438
Directors' loan accounts	15,852	13,371
Payments on account	40,661	30,597

	473,585	427,229

The invoice factoring facility provided by Skipton Business Finance Ltd is secured by a debenture dated 29 October 2025. This debenture incorporates a fixed charge over all book debts and a floating charge over the remaining undertaking and assets of the company.

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	475,089	534,111
Bank loans	109,583	-

	584,672	534,111

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	266,200	247,223
Later than one year and not later than five years	459,369	492,041
Later than five years	15,720	42,070

	741,289	781,334

	741,289	781,334

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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