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REGISTERED NUMBER: 05754578 (England and Wales)





VUS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






VUS LIMITED (REGISTERED NUMBER: 05754578)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VUS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr G C Barker
Mr M R Hodgson
Mr N Moore
Mr I Naylor





REGISTERED OFFICE: Cotes Park Lane, Cotes Park Ind Est
Somercotes
Alfreton
Derbyshire
DE55 4NJ





REGISTERED NUMBER: 05754578 (England and Wales)





ACCOUNTANTS: ApC
Chartered Accountants
7 St John Street
Mansfield
Nottinghamshire
NG18 1QH

VUS LIMITED (REGISTERED NUMBER: 05754578)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 97,440 115,729

CURRENT ASSETS
Debtors 6 5,249,191 4,600,042
Cash at bank 83,238 192,372
5,332,429 4,792,414
CREDITORS
Amounts falling due within one year 7 778,349 980,416
NET CURRENT ASSETS 4,554,080 3,811,998
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,651,520

3,927,727

CREDITORS
Amounts falling due after more than one
year

8

(2,314,405

)

(1,858,475

)

PROVISIONS FOR LIABILITIES (24,159 ) (28,932 )
NET ASSETS 2,312,956 2,040,320

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 2,312,856 2,040,220
SHAREHOLDERS' FUNDS 2,312,956 2,040,320

VUS LIMITED (REGISTERED NUMBER: 05754578)

BALANCE SHEET - continued
31 MARCH 2024


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

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

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 5 August 2024 and were signed on its behalf by:





Mr G C Barker - Director


VUS LIMITED (REGISTERED NUMBER: 05754578)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

VUS 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

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

Turnover
Turnover represents the value excluding Value Added Tax of utility infrastructure and civil engineering services provided to customers during the year. In respect of goods and services provided, all income is taken to profit and loss at the same point as the right to receive consideration has been acquired.

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 - 15% on reducing balance
Fixtures and fittings - 15% 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 balance sheet date.


VUS LIMITED (REGISTERED NUMBER: 05754578)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. 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.

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.

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.

Financial instruments
Financial instruments and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 59 (2023 - 68 ) .

VUS LIMITED (REGISTERED NUMBER: 05754578)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023 511,924 89,574 601,498
Additions - 852 852
At 31 March 2024 511,924 90,426 602,350
DEPRECIATION
At 1 April 2023 417,281 68,488 485,769
Charge for year 14,196 4,945 19,141
At 31 March 2024 431,477 73,433 504,910
NET BOOK VALUE
At 31 March 2024 80,447 16,993 97,440
At 31 March 2023 94,643 21,086 115,729

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 459,953 401,164
Amounts recoverable on contract 81,028 240,181
Other debtors 84,653 -
VAT - 30,890
Prepayments and accrued income 9,172 85,230
634,806 757,465

VUS LIMITED (REGISTERED NUMBER: 05754578)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Amounts owed by group undertakings 4,614,385 3,842,577

Aggregate amounts 5,249,191 4,600,042

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 105,110
Trade creditors 536,370 553,061
Corporation tax 22,242 12,647
VAT 1,684 -
Other creditors - 100,000
Directors' current accounts 19 19
Accruals and deferred income 218,034 209,579
778,349 980,416

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 2,014,405 1,558,475
Accruals and deferred income 300,000 300,000
2,314,405 1,858,475

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

VUS LIMITED (REGISTERED NUMBER: 05754578)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. RELATED PARTY DISCLOSURES

Amounts owed to group companies 2024:£2,014,405 (2023:1,558,475)

Amount owed by group companies 2024:£4,614,385 (2023:£3,842,577)

VUS Limited is 100% owned by VUS Group Limited, registered office Cotes Park Lane, Summercotes, Alfreton, Derbyshire, England, DE55 4NJ.