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REGISTERED NUMBER: 02942421 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 October 2022

for

Vulcan Shotblasting Limited

Vulcan Shotblasting Limited (Registered number: 02942421)






Contents of the Financial Statements
for the Year Ended 31 October 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vulcan Shotblasting Limited

Company Information
for the Year Ended 31 October 2022







DIRECTOR: S B Elman





REGISTERED OFFICE: Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ





REGISTERED NUMBER: 02942421 (England and Wales)





ACCOUNTANTS: Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

Vulcan Shotblasting Limited (Registered number: 02942421)

Balance Sheet
31 October 2022

31.10.22 31.10.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 164,584 185,105

CURRENT ASSETS
Stocks 52,139 22,546
Debtors 5 502,985 275,844
Cash at bank 11,041 24,952
566,165 323,342
CREDITORS
Amounts falling due within one year 6 648,374 512,627
NET CURRENT LIABILITIES (82,209 ) (189,285 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,375

(4,180

)

CREDITORS
Amounts falling due after more than one
year

7

(47,751

)

(17,751

)

PROVISIONS FOR LIABILITIES (8,223 ) (14,247 )
NET ASSETS/(LIABILITIES) 26,401 (36,178 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 26,399 (36,180 )
26,401 (36,178 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Vulcan Shotblasting Limited (Registered number: 02942421)

Balance Sheet - continued
31 October 2022


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 director and authorised for issue on 18 January 2024 and were signed by:





S B Elman - Director


Vulcan Shotblasting Limited (Registered number: 02942421)

Notes to the Financial Statements
for the Year Ended 31 October 2022

1. STATUTORY INFORMATION

Vulcan Shotblasting 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents the value of sales to customers, net of discounts, allowances, volume and promotional rebates and other payments to customers and excludes VAT. Sale of goods are recognised when the company has delivered product to the customer, the customer has accepted the products and collectability of the related receivable is reasonably assured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2021 - 14 ) .

Vulcan Shotblasting Limited (Registered number: 02942421)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2021 122,357 212,860 335,217
Additions - 3,200 3,200
At 31 October 2022 122,357 216,060 338,417
DEPRECIATION
At 1 November 2021 12,236 137,876 150,112
Charge for year 2,447 21,274 23,721
At 31 October 2022 14,683 159,150 173,833
NET BOOK VALUE
At 31 October 2022 107,674 56,910 164,584
At 31 October 2021 110,121 74,984 185,105

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Trade debtors 389,285 206,888
Other debtors 113,700 68,956
502,985 275,844

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Bank loans and overdrafts 15,527 56,260
Hire purchase contracts 22,615 22,615
Trade creditors 100,833 156,475
Taxation and social security 346,871 226,973
Other creditors 162,528 50,304
648,374 512,627

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.22 31.10.21
£    £   
Bank loans 30,000 -
Hire purchase contracts 17,751 17,751
47,751 17,751