Company Registration No. 03112316 (England and Wales)
Vear M & E Services Limited
Unaudited accounts
for the year ended 31 March 2023
Vear M & E Services Limited
Unaudited accounts
Contents
Vear M & E Services Limited
Company Information
for the year ended 31 March 2023
Directors
Mr James Rodney Child
Mr Russell David Cameron
Company Number
03112316 (England and Wales)
Registered Office
Unit 4 Old Farm Court
Nursling Street, Rownhams
Southampton
Hampshire
SO16 0AJ
England
Accountants
Power Accountax Limited
Mailbox 3, Solent Business Centre
343 Millbrook Road West
Southampton
SO15 0HW
Vear M & E Services Limited
Statement of financial position
as at 31 March 2023
Tangible assets
47,475
58,555
Inventories
297,353
297,353
Cash at bank and in hand
226,018
399,006
Creditors: amounts falling due within one year
(1,206,535)
(1,100,792)
Net current assets
311,215
237,975
Total assets less current liabilities
358,690
296,530
Creditors: amounts falling due after more than one year
(67,893)
(56,844)
Net assets
290,797
239,686
Called up share capital
100
100
Profit and loss account
290,697
239,586
Shareholders' funds
290,797
239,686
For the year ending 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by
Mr James Rodney Child
Director
Company Registration No. 03112316
Vear M & E Services Limited
Notes to the Accounts
for the year ended 31 March 2023
Vear M & E Services Limited is a private company, limited by shares, registered in England and Wales, registration number 03112316. The registered office is Unit 4 Old Farm Court, Nursling Street, Rownhams, Southampton, Hampshire, SO16 0AJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing balance method
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2022
58,809
19,263
78,072
At 31 March 2023
58,809
19,263
78,072
At 1 April 2022
14,702
4,815
19,517
Charge for the year
11,027
53
11,080
At 31 March 2023
25,729
4,868
30,597
At 31 March 2023
33,080
14,395
47,475
At 31 March 2022
44,107
14,448
58,555
Amounts falling due within one year
Trade debtors
1,043,175
691,744
Other debtors
(48,796)
(49,336)
Vear M & E Services Limited
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
70,901
69,483
Trade creditors
607,012
542,662
Taxes and social security
37,132
41,112
Other creditors
5,766
9,376
Loans from directors
485,724
438,159
7
Creditors: amounts falling due after more than one year
2023
2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Amount due to Director
438,159
-
-
438,159
9
Average number of employees
During the year the average number of employees was 19 (2022: 19).