IRIS Accounts Production v23.3.1.45 05891054 Board of Directors Board of Directors 1.10.22 30.9.23 30.9.23 0 0 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058910542022-09-30058910542023-09-30058910542022-10-012023-09-30058910542021-09-30058910542021-10-012022-09-30058910542022-09-3005891054ns10:Originalns15:EnglandWales2022-10-012023-09-3005891054ns14:PoundSterlingns10:Original2022-10-012023-09-3005891054ns10:Originalns10:Director12022-10-012023-09-3005891054ns10:Original2022-10-012023-09-3005891054ns10:Originalns10:Director22022-10-012023-09-3005891054ns10:Original2023-09-3005891054ns10:Originalns10:PrivateLimitedCompanyLtd2022-10-012023-09-3005891054ns10:Originalns10:SmallEntities2022-10-012023-09-3005891054ns10:Originalns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3005891054ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3005891054ns10:SmallCompaniesRegimeForAccountsns10:Original2022-10-012023-09-3005891054ns10:Originalns10:FullAccounts2022-10-012023-09-3005891054ns10:Original2021-10-012022-09-3005891054ns10:Originalns10:RegisteredOffice2022-10-012023-09-3005891054ns10:Original2022-09-3005891054ns10:Originalns5:CurrentFinancialInstruments2023-09-3005891054ns10:Originalns5:CurrentFinancialInstruments2022-09-3005891054ns10:Originalns5:Non-currentFinancialInstruments2023-09-3005891054ns10:Originalns5:Non-currentFinancialInstruments2022-09-3005891054ns5:ShareCapitalns10:Original2023-09-3005891054ns5:ShareCapitalns10:Original2022-09-3005891054ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-09-3005891054ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-09-3005891054ns10:Originalns5:PlantMachinery2022-10-012023-09-3005891054ns10:Originalns5:PlantMachinery2022-09-3005891054ns10:Originalns5:MotorVehicles2022-09-3005891054ns10:Originalns5:ComputerEquipment2022-09-3005891054ns10:Original2022-09-3005891054ns10:Originalns5:MotorVehicles2022-10-012023-09-3005891054ns10:Originalns5:ComputerEquipment2022-10-012023-09-3005891054ns10:Originalns5:PlantMachinery2023-09-3005891054ns10:Originalns5:MotorVehicles2023-09-3005891054ns10:Originalns5:ComputerEquipment2023-09-3005891054ns10:Originalns5:PlantMachinery2022-09-3005891054ns10:Originalns5:MotorVehicles2022-09-3005891054ns10:Originalns5:ComputerEquipment2022-09-3005891054ns10:Originalns5:CostValuation2022-09-3005891054ns5:CurrentFinancialInstruments2023-09-3005891054ns5:CurrentFinancialInstruments2022-09-3005891054ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3005891054ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3005891054ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-09-3005891054ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-09-3005891054ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-09-3005891054ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-09-30
REGISTERED NUMBER: 05891054 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Variation Holdings Limited

Variation Holdings Limited (Registered number: 05891054)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Variation Holdings Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mr W Howie
Mr G R Williams





REGISTERED OFFICE: 26 Spinney Lane
Rabley
Welwyn
AL6 9TF





REGISTERED NUMBER: 05891054 (England and Wales)





ACCOUNTANTS: Mirage Accountants Limited
32 Totternhoe Close
Kenton
Harrow
Middlesex
HA3 0HS

Variation Holdings Limited (Registered number: 05891054)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 243,906 32,071
Investments 5 50,000 50,000
293,906 82,071

CURRENT ASSETS
Debtors 6 647,584 788,542
Cash at bank and in hand 1,084,357 939,575
1,731,941 1,728,117
CREDITORS
Amounts falling due within one year 7 893,305 806,591
NET CURRENT ASSETS 838,636 921,526
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,132,542

1,003,597

CREDITORS
Amounts falling due after more than one
year

8

158,175

-
NET ASSETS 974,367 1,003,597

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 973,367 1,002,597
SHAREHOLDERS' FUNDS 974,367 1,003,597

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 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.

Variation Holdings Limited (Registered number: 05891054)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by:




Mr G R Williams - Director



Mr W Howie - Director


Variation Holdings Limited (Registered number: 05891054)

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

1. STATUTORY INFORMATION

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

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 - 33% on cost

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.

Variation Holdings Limited (Registered number: 05891054)

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

2. ACCOUNTING POLICIES - continued

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.

Fixed asset investments
Fixed asset investments are recognised initially at fair value which is normally the transaction price (but excludes any transaction costs). Subsequently, they are measured at fair value through profit or loss except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably which are recognised at cost less impairment until a reliable measure of fair value becomes available. If a reliable measure of fair value is no longer available, the equity instrument’s fair value on the last date the instrument was reliably measurable is treated as the cost of the instrument.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022 290,763 - 13,593 304,356
Additions - 249,000 - 249,000
At 30 September 2023 290,763 249,000 13,593 553,356
DEPRECIATION
At 1 October 2022 269,756 - 2,529 272,285
Charge for year 14,830 17,804 4,531 37,165
At 30 September 2023 284,586 17,804 7,060 309,450
NET BOOK VALUE
At 30 September 2023 6,177 231,196 6,533 243,906
At 30 September 2022 21,007 - 11,064 32,071

Variation Holdings Limited (Registered number: 05891054)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2022
and 30 September 2023 50,000
NET BOOK VALUE
At 30 September 2023 50,000
At 30 September 2022 50,000

Fixed asset investments are not listed and are held at cost less impairment as fair value cannot be reliably determined.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 208,036 297,885
Other debtors 71,954 132,594
Other loans 358,000 358,000
Prepayments and accrued income 9,594 63
647,584 788,542

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other loans 37,919 -
Trade creditors 57,503 9,908
Tax 15,058 77,550
VAT 69,998 39,774
Other creditors 69,048 18,139
Accruals and deferred income 643,779 661,220
893,305 806,591

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.23 30.9.22
£    £   
Other loans - 1-2 years 91,284 -
Other loans - 2-5 years 66,891 -
158,175 -