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REGISTERED NUMBER: 07286018 (England and Wales)





VUS PLANT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






VUS PLANT LIMITED (REGISTERED NUMBER: 07286018)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VUS PLANT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr G C Barker
Mr M R Hodgson
Mr I Naylor
Mr N Moore





REGISTERED OFFICE: Cotes Park Lane,
Cotes Park Ind Est,
Somercotes
Alfreton
Derrbyshire
DE55 4NJ





REGISTERED NUMBER: 07286018 (England and Wales)





ACCOUNTANTS: ApC
Chartered Accountants
7 St John Street
Mansfield
Nottinghamshire
NG18 1QH

VUS PLANT LIMITED (REGISTERED NUMBER: 07286018)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 3,601 7,836
Tangible assets 6 1,036,118 1,088,969
1,039,719 1,096,805

CURRENT ASSETS
Debtors 7 1,880,546 1,345,020
Cash at bank 372 2,329
1,880,918 1,347,349
CREDITORS
Amounts falling due within one year 8 169,285 152,415
NET CURRENT ASSETS 1,711,633 1,194,934
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,751,352

2,291,739

CREDITORS
Amounts falling due after more than one
year

9

(945,763

)

(803,149

)

PROVISIONS FOR LIABILITIES (259,030 ) (197,999 )
NET ASSETS 1,546,559 1,290,591

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,546,459 1,290,491
1,546,559 1,290,591

VUS PLANT LIMITED (REGISTERED NUMBER: 07286018)

BALANCE SHEET - continued
31 MARCH 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:





Mr G C Barker - Director


VUS PLANT LIMITED (REGISTERED NUMBER: 07286018)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

VUS Plant Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value excluding Value Added Tax of goods and services provided to customers during the year. In respect of goods and services provided, all income is taken to profit and loss at the same point as the right to receive consideration has been acquired.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance


VUS PLANT LIMITED (REGISTERED NUMBER: 07286018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 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 the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments
Financial instruments 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.

VUS PLANT LIMITED (REGISTERED NUMBER: 07286018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 42,357
AMORTISATION
At 1 April 2022 34,521
Amortisation for year 4,235
At 31 March 2023 38,756
NET BOOK VALUE
At 31 March 2023 3,601
At 31 March 2022 7,836

VUS PLANT LIMITED (REGISTERED NUMBER: 07286018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2022 2,299,842 322,746 2,622,588
Additions 164,297 - 164,297
Disposals (115,628 ) - (115,628 )
At 31 March 2023 2,348,511 322,746 2,671,257
DEPRECIATION
At 1 April 2022 1,349,046 184,573 1,533,619
Charge for year 138,269 20,726 158,995
Eliminated on disposal (57,475 ) - (57,475 )
At 31 March 2023 1,429,840 205,299 1,635,139
NET BOOK VALUE
At 31 March 2023 918,671 117,447 1,036,118
At 31 March 2022 950,796 138,173 1,088,969

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
VAT 22,071 -

Amounts falling due after more than one year:
Amounts owed by group undertakings 1,558,475 1,045,020
Prepayments and accrued income 300,000 300,000
1,858,475 1,345,020

Aggregate amounts 1,880,546 1,345,020

VUS PLANT LIMITED (REGISTERED NUMBER: 07286018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 43,973 97,761
Trade creditors 27,865 7,461
Corporation tax 96,831 40,859
VAT - 4,548
Accruals and deferred income 616 1,786
169,285 152,415

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 142,614 -
Amounts owed to group undertakings 803,149 803,149
945,763 803,149

10. RELATED PARTY DISCLOSURES

Amounts owed by the group undertakings at 31 March 2023 was: £1,558,475 (2022: £1,045,020)

Amounts owed to the group undertakings at 31 March 2023 was: £803,149 (2022: £803,149).

The remuneration of key personnel and directors was 2023: £nil (2022: £nil).