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REGISTERED NUMBER: 13134367 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Vultec Engineering Limited

Vultec Engineering Limited (Registered number: 13134367)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Vultec Engineering Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr M D Burgin
Mrs N Burgin





REGISTERED OFFICE: 5 Westbrook Court
Sharrow Vale Road
Sheffield
South Yorkshire
S11 8YZ





REGISTERED NUMBER: 13134367 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

Vultec Engineering Limited (Registered number: 13134367)

Statement of Financial Position
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 73,670 57,575

CURRENT ASSETS
Debtors 5 72,091 74,974
Cash at bank 39,519 65,323
111,610 140,297
CREDITORS
Amounts falling due within one year 6 22,391 8,815
NET CURRENT ASSETS 89,219 131,482
TOTAL ASSETS LESS CURRENT LIABILITIES 162,889 189,057

CREDITORS
Amounts falling due after more than one
year

7

(21,451

)

-

PROVISIONS FOR LIABILITIES 8 (15,909 ) (11,515 )
NET ASSETS 125,529 177,542

CAPITAL AND RESERVES
Called up share capital 9 2 1
Retained earnings 125,527 177,541
SHAREHOLDERS' FUNDS 125,529 177,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Vultec Engineering Limited (Registered number: 13134367)

Statement of Financial Position - continued
31 January 2024


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 16 May 2024 and were signed on its behalf by:





Mr M D Burgin - Director


Vultec Engineering Limited (Registered number: 13134367)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Vultec Engineering 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 - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Vultec Engineering Limited (Registered number: 13134367)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 1,237 63,494 2,939 67,670
Additions 667 40,775 1,330 42,772
Disposals - (12,500 ) - (12,500 )
At 31 January 2024 1,904 91,769 4,269 97,942
DEPRECIATION
At 1 February 2023 399 9,106 590 10,095
Charge for year 293 14,651 873 15,817
Eliminated on disposal - (1,640 ) - (1,640 )
At 31 January 2024 692 22,117 1,463 24,272
NET BOOK VALUE
At 31 January 2024 1,212 69,652 2,806 73,670
At 31 January 2023 838 54,388 2,349 57,575

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 72,091 27,919
Other debtors - 47,055
72,091 74,974

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 6,129 -
Taxation and social security 13,507 6,665
Other creditors 2,755 2,150
22,391 8,815

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 21,451 -

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 15,909 11,515

Vultec Engineering Limited (Registered number: 13134367)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2023 11,515
Provided during year 4,394
Balance at 31 January 2024 15,909

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the year.