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Company registration number: 05947434







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
29 FEBRUARY 2024


VACUUM SERVICES LIMITED






































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VACUUM SERVICES LIMITED
 


 
COMPANY INFORMATION


Directors
Dr B J Page 
R J Walsom 




Company secretary
Julie Butler



Registered number
05947434



Registered office
Unit 6 Haywood Way
Ivyhouse Lane Industrial Estate

Hastings

England

TN35 4PL




Accountants
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG





 


VACUUM SERVICES LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


VACUUM SERVICES LIMITED
REGISTERED NUMBER:05947434



STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
30,221
40,292

  
30,221
40,292

Current assets
  

Debtors: amounts falling due within one year
 4 
77,958
406,443

Cash at bank and in hand
  
7,339
5,407

  
85,297
411,850

Creditors: amounts falling due within one year
 5 
(51,454)
(46,003)

Net current assets
  
 
 
33,843
 
 
365,847

Total assets less current liabilities
  
64,064
406,139

Creditors: amounts falling due after more than one year
 6 
(23,423)
(68,486)

  

Net assets
  
40,641
337,653


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Share premium account
  
199,100
199,100

Profit and loss account
  
(159,459)
137,553

  
40,641
337,653


Page 1

 


VACUUM SERVICES LIMITED
REGISTERED NUMBER:05947434


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024

For the year ended 29 February 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


................................................
Dr B J Page
................................................
R J Walsom
Director
Director


Date: 2 August 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


VACUUM SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Vacuum Services Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office, which is the same as the principal place of business, is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

Page 3

 


VACUUM SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance
Computer equipment
-
33%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans
to related parties and investments in ordinary shares.

Page 4

 


VACUUM SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

3.


Tangible fixed assets







Plant and machinery
Computer equipment
Total

£
£
£



Cost or valuation


At 1 March 2023
266,444
17,576
284,020



At 29 February 2024

266,444
17,576
284,020



Depreciation


At 1 March 2023
229,082
14,646
243,728


Charge for the year on owned assets
9,342
729
10,071



At 29 February 2024

238,424
15,375
253,799



Net book value



At 29 February 2024
28,020
2,201
30,221



At 28 February 2023
37,362
2,930
40,292

Page 5

 


VACUUM SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Debtors

2024
2023
£
£


Trade debtors
1,518
-

Other debtors
73,760
405,110

Prepayments and accrued income
2,680
1,333

77,958
406,443



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
45,130
43,000

Trade creditors
1,546
88

Other taxation and social security
1,468
-

Accruals and deferred income
3,310
2,915

51,454
46,003



6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
23,423
68,486

23,423
68,486



7.


Commitments under operating leases

At 29 February 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
3,100
-

Later than 1 year and not later than 5 years
39,000
-

42,100
-

 
Page 6