Company Registration No. 12717897 (England and Wales)
Varotech Limited
Unaudited accounts
for the year ended 31 July 2024
Varotech Limited
Unaudited accounts
Contents
Varotech Limited
Company Information
for the year ended 31 July 2024
Company Number
12717897 (England and Wales)
Registered Office
Moreton House
31 High Street
Buckingham
Bucks
Mk18 1NU
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
Varotech Limited
Statement of financial position
as at 31 July 2024
Tangible assets
5,889
1,827
Cash at bank and in hand
245,149
93,123
Creditors: amounts falling due within one year
(74,906)
(30,012)
Net current assets
226,031
101,998
Total assets less current liabilities
231,920
103,825
Provisions for liabilities
Net assets
230,448
103,478
Called up share capital
100
100
Profit and loss account
230,348
103,378
Shareholders' funds
230,448
103,478
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 August 2024 and were signed on its behalf by
Mr R Copping
Director
Company Registration No. 12717897
Varotech Limited
Notes to the Accounts
for the year ended 31 July 2024
Varotech Limited is a private company, limited by shares, registered in England and Wales, registration number 12717897. The registered office is Moreton House, 31 High Street, Buckingham, Bucks, Mk18 1NU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
803
-
1,542
2,345
Additions
-
321
5,214
5,535
At 31 July 2024
803
321
6,756
7,880
At 1 August 2023
209
-
309
518
Charge for the year
119
64
1,290
1,473
At 31 July 2024
328
64
1,599
1,991
At 31 July 2024
475
257
5,157
5,889
At 31 July 2023
594
-
1,233
1,827
Amounts falling due within one year
Trade debtors
55,788
38,887
Varotech Limited
Notes to the Accounts
for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
57,742
17,255
Loans from directors
5,289
3,489
7
Average number of employees
During the year the average number of employees was 2 (2023: 1).