2022-02-01 13855196 2023-03-31 13855196 2022-02-01 2023-03-31 13855196 uk-core:WithinOneYear 2023-03-31 13855196 uk-core:ShareCapital 2023-03-31 13855196 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 13855196 uk-bus:Director1 2022-02-01 2023-03-31 13855196 uk-core:PlantMachinery 2022-02-01 2023-03-31 13855196 uk-core:OfficeEquipment 2022-02-01 2023-03-31 13855196 uk-core:PlantMachinery 2023-03-31 13855196 uk-core:OfficeEquipment 2023-03-31 iso4217:GBP xbrli:pure 13855196 uk-bus:AuditExemptWithAccountantsReport 2022-02-01 2023-03-31 13855196 uk-bus:FRS102 2022-02-01 2023-03-31 13855196 uk-bus:FullAccounts 2022-02-01 2023-03-31 13855196 uk-bus:PrivateLimitedCompanyLtd 2022-02-01 2023-03-31
Veetreo Ltd
Registered Number:13855196
For the period ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the period ended 31 March 2023
Veetreo Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
13855196
As at 31 March 2023
Veetreo Ltd
Statement of Financial Position
£
2023
Notes
Fixed assets
Property, plant and equipment
1,600
2
1,600
Current assets
Inventories
12,856
3
Cash and cash equivalents
25,162
38,018
Trade and other payables: amounts falling due within one
year
(32,039)
4
5,979
Net current assets
Total assets less current liabilities
7,579
7,579
Net assets/liabilities
Capital and reserves
Called up share capital
100
Retained earnings
7,479
7,579
Shareholders' funds
For the period ended 31 March 2023 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 of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the
end of each financial year and of its profit or loss for each financial year in accordance with the requirements
of Section 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006
relating to financial statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr G Carr Director
These financial statements were approved and authorised for issue by the Board on 18 October 2023 and were signed by:
The notes form part of these financial statements
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4
For the period ended 31 March 2023
Veetreo Ltd
Notes to the Financial Statements
Statutory Information
Veetreo Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 13855196.
Registered address:
Elsecar Heritage Centre
Wath Road
Elsecar
S74 8HJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Turnover is recognised on the completion of each large contract assignment or small job, in accordance with the contract terms.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20% Reducing balance
20% Reducing balance
Office Equipment
Inventories
Inventories are value 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 statement of financial position date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of timing differences. 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 future profits.
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5
For the period ended 31 March 2023
Veetreo Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Office
Equipment
Plant and
Machinery
£
£
£
Cost or
valuation
2,000
1,000
1,000
Additions
At 31 March 2023
1,000
1,000
2,000
Provision for depreciation and impairment
Charge for period
400
200
200
At 31 March 2023
400
200
200
At 31 March 2023
Net book value
800
800
1,600
3. Inventories
2023
£
Stocks
12,856
4. Trade and other payables: amounts falling due within one year
2023
£
Taxation and social security
3,512
Other creditors
28,527
32,039
5. Related party transactions
The director is also a shareholder of the company. Dividends paid to Mr G Carr, as director and shareholder of
the company, during the year were £7,500.
6. Average number of persons employed
During the year the average number of employees was 3
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