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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
Page
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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
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Vear M & E Services Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
47,475 
58,555 
Current assets
Inventories
297,353 
297,353 
Debtors
994,379 
642,408 
Cash at bank and in hand
226,018 
399,006 
1,517,750 
1,338,767 
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 
Capital and reserves
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
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Vear M & E Services Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 March 2023
33,080 
14,395 
47,475 
At 31 March 2022
44,107 
14,448 
58,555 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,043,175 
691,744 
Other debtors
(48,796)
(49,336)
994,379 
642,408 
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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 
1,206,535 
1,100,792 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
67,893 
56,844 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr James Rodney Child
Amount due to Director
438,159 
- 
- 
438,159 
438,159 
- 
- 
438,159 
9
Average number of employees
During the year the average number of employees was 19 (2022: 19).
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