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REGISTERED NUMBER: 03217160 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Vacucom Limited

Vacucom Limited (Registered number: 03217160)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Vacucom Limited (Registered number: 03217160)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,965 9,165
Tangible assets 5 96,608 89,875
Investments 6 274,218 370,300
377,791 469,340

CURRENT ASSETS
Stocks 86,612 73,901
Debtors 7 189,117 150,275
Cash at bank and in hand 126,235 223,686
401,964 447,862
CREDITORS
Amounts falling due within one year 8 160,892 254,337
NET CURRENT ASSETS 241,072 193,525
TOTAL ASSETS LESS CURRENT LIABILITIES 618,863 662,865

CREDITORS
Amounts falling due after more than one year 9 (18,200 ) (29,129 )

PROVISIONS FOR LIABILITIES (11,690 ) (7,000 )
NET ASSETS 588,973 626,736

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 50 50
Retained earnings 588,823 626,586
SHAREHOLDERS' FUNDS 588,973 626,736

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

Vacucom Limited (Registered number: 03217160)

Balance Sheet - continued
30 September 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 January 2024 and were signed by:





S Cox Esq - Director


Vacucom Limited (Registered number: 03217160)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Vacucom Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03217160

Registered office: Ebenezer House
Ryecroft
Newcastle-under-Lyme
Staffordshire
ST5 2BE

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


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the goods supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Vacucom Limited (Registered number: 03217160)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 21,998
AMORTISATION
At 1 October 2022 12,833
Amortisation for year 2,200
At 30 September 2023 15,033
NET BOOK VALUE
At 30 September 2023 6,965
At 30 September 2022 9,165

Vacucom Limited (Registered number: 03217160)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2022 36,158 116,360 38,048
Additions - 35,638 -
At 30 September 2023 36,158 151,998 38,048
DEPRECIATION
At 1 October 2022 23,150 91,359 32,091
Charge for year 1,300 15,159 1,191
At 30 September 2023 24,450 106,518 33,282
NET BOOK VALUE
At 30 September 2023 11,708 45,480 4,766
At 30 September 2022 13,008 25,001 5,957

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2022 79,808 24,013 294,387
Additions - 1,405 37,043
At 30 September 2023 79,808 25,418 331,430
DEPRECIATION
At 1 October 2022 42,892 15,020 204,512
Charge for year 9,229 3,431 30,310
At 30 September 2023 52,121 18,451 234,822
NET BOOK VALUE
At 30 September 2023 27,687 6,967 96,608
At 30 September 2022 36,916 8,993 89,875

Vacucom Limited (Registered number: 03217160)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2022 71,913
Transfer to ownership (11,895 )
At 30 September 2023 60,018
DEPRECIATION
At 1 October 2022 35,330
Charge for year 8,440
Transfer to ownership (9,072 )
At 30 September 2023 34,698
NET BOOK VALUE
At 30 September 2023 25,320
At 30 September 2022 36,583

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 October 2022 370,300
Disposals (120,000 )
Revaluations 23,918
At 30 September 2023 274,218
NET BOOK VALUE
At 30 September 2023 274,218
At 30 September 2022 370,300

Cost or valuation at 30 September 2023 is represented by:

Other
investments
£   
Valuation in 2020 1,686
Valuation in 2021 15,563
Valuation in 2022 (71,949 )
Valuation in 2023 78,618
Cost 250,300
274,218

Vacucom Limited (Registered number: 03217160)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 173,441 132,327
Other debtors 15,676 17,948
189,117 150,275

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,057 9,809
Hire purchase contracts 1,829 12,337
Trade creditors 59,007 49,305
Taxation and social security 68,064 97,181
Other creditors 21,935 85,705
160,892 254,337

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 18,200 28,260
Hire purchase contracts - 869
18,200 29,129

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 1,829 13,206

Hire purchase creditor is secured by charge over the asset to which it relates.

11. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £57,100 (2022 - £57,392). These financial commitments represent the total amount of payments remaining on operating leases ending between 2025 and 2027.