Registered Number 08395040
VEHICLE TRADING GROUP LIMITED
Abbreviated Accounts
31 March 2015
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Called up share capital not paid |
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Fixed assets | |||
Intangible assets |
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Tangible assets |
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Investments | 2 |
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Current assets | |||
Stocks |
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Debtors | 3 |
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Investments |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
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Provisions for liabilities |
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Accruals and deferred income |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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Share premium account |
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Revaluation reserve |
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Other reserves |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Other accounting policies
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items
Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Group Accounts
The Company is entitled to the exemption under Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.
Share Based Payments
Equity-settled share based payments are issued to certain employees.
Equity-settled share based payments are recognised in equity at the date the option is exercised.
For equity-settled share based payments, where the terms of the arrangement are such that the employee may choose whether the transaction is settled in cash or by the issue of equity instruments, the goods or services received are measured at the directors’ best estimate of the expenditure required to settle the liability if the employee were to opt for cash settlement at each balance sheet date, and at the date of settlement. Changes in the expenditure required to settle the liability are recognised as an expense in the profit and loss account, unless they qualify for recognition as an asset. Should the employee wish to settle the share based payment with equity instruments, the liability at the date of settlement is deemed to be the proceeds of the issue of the equity instrument.
For equity-settled share based payments, when Vehicle Trading Group Limited retains the right to decide how the transaction is settled, and anticipate that the transaction will be settled through equity instruments, the transaction will be recognised in line with the accounting policy for equity-settled share based payments above. In the case of equity-settled share based payments, when Vehicle Trading Group Limited retains the right to decide whether the transaction is settled through an equity instrument or with cash (or other assets), the directors will make their best estimate as to how the transaction will be settled and account for it accordingly.
2
Fixed assets Investments
At 1 April 2014 35,652
Additions 257,359
At 31 March 2015 293,011
NET BOOK VALUE
At 31 March 2015 293,011
At 31 March 2014 35,652
Included within the carrying value of £293,011 is £293,011 relating to a non interest bearing capital contribution to certain subsidiary undertakings in connection with share based payments.
Subsidiary undertakings comprise:
Name Proportion of shares and voting rights held Nature of business
Vehicle Credit Limited 66.7% Finance broker and lender under Consumer Credit Acts and commercial lenders
Vehicle Stocking Limited 100% Provision of finance to the motor trade
All of the above are incorporated in England and Wales.
The aggregate capital and reserves as at 31 March 2015 and the results of each subsidiary undertaking for the period then ended is:
Aggregate capital and reserves Profit/(Loss) for the year
£ £
Vehicle Credit Limited 192,861 (755,967)
Vehicle Stocking Limited 2,221,045 (1,318,061)
2015
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2014
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Debtors include the following amounts due after more than one year |
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