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REGISTERED NUMBER: 07286018 (England and Wales)





VUS PLANT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






VUS PLANT LIMITED (REGISTERED NUMBER: 07286018)

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 PLANT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







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





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





REGISTERED NUMBER: 07286018 (England and Wales)





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

VUS PLANT LIMITED (REGISTERED NUMBER: 07286018)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - 3,601
Tangible assets 6 1,020,050 1,036,118
1,020,050 1,039,719

CURRENT ASSETS
Debtors 7 2,324,692 1,880,546
Cash at bank 22,879 372
2,347,571 1,880,918
CREDITORS
Amounts falling due within one year 8 268,771 169,285
NET CURRENT ASSETS 2,078,800 1,711,633
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,098,850

2,751,352

CREDITORS
Amounts falling due after more than one
year

9

(988,410

)

(945,763

)

PROVISIONS FOR LIABILITIES (255,012 ) (259,030 )
NET ASSETS 1,855,428 1,546,559

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,855,328 1,546,459
SHAREHOLDERS' FUNDS 1,855,428 1,546,559

VUS PLANT LIMITED (REGISTERED NUMBER: 07286018)

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 2 August 2024 and were signed on its behalf by:





Mr G C Barker - Director


VUS PLANT LIMITED (REGISTERED NUMBER: 07286018)

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


1. STATUTORY INFORMATION

VUS Plant 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 plant and vehicle hire provided to customers during the year. In respect of plant and vehicle hire provided, all income is taken to profit and loss at the same point as the right to receive consideration has been acquired.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance


VUS PLANT LIMITED (REGISTERED NUMBER: 07286018)

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


3. ACCOUNTING POLICIES - continued
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.

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.

VUS PLANT LIMITED (REGISTERED NUMBER: 07286018)

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


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 42,357
AMORTISATION
At 1 April 2023 38,756
Amortisation for year 3,601
At 31 March 2024 42,357
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 3,601

VUS PLANT LIMITED (REGISTERED NUMBER: 07286018)

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


6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023 2,348,511 322,746 2,671,257
Additions 184,991 - 184,991
Disposals (138,134 ) - (138,134 )
At 31 March 2024 2,395,368 322,746 2,718,114
DEPRECIATION
At 1 April 2023 1,429,840 205,299 1,635,139
Charge for year 148,371 17,620 165,991
Eliminated on disposal (103,066 ) - (103,066 )
At 31 March 2024 1,475,145 222,919 1,698,064
NET BOOK VALUE
At 31 March 2024 920,223 99,827 1,020,050
At 31 March 2023 918,671 117,447 1,036,118

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
VAT 10,287 22,071

Amounts falling due after more than one year:
Amounts owed by group undertakings 2,014,405 1,558,475
Prepayments and accrued income 300,000 300,000
2,314,405 1,858,475

Aggregate amounts 2,324,692 1,880,546

VUS PLANT LIMITED (REGISTERED NUMBER: 07286018)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 82,329 43,973
Trade creditors 24,091 27,865
Corporation tax 160,091 96,831
Accruals and deferred income 2,260 616
268,771 169,285

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 185,261 142,614
Amounts owed to group undertakings 803,149 803,149
988,410 945,763

10. RELATED PARTY DISCLOSURES

Amounts owed by the group undertakings at 31 March 2024 was: £2,014,405 (2023: £1,558,475)

Amounts owed to the group undertakings at 31 March 2024 was: £803,149 (2023: £803,149).

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