Company Registration No. 03112316 (England and Wales)
Vear M & E Services Limited
Unaudited accounts
for the year ended 31 March 2024
Vear M & E Services Limited
Unaudited accounts
Contents
Vear M & E Services Limited
Company Information
for the year ended 31 March 2024
Directors
Mr James Rodney Child
Mr Russell David Cameron
Company Number
03112316 (England and Wales)
Registered Office
Unit 4 Old Farm Court
Nursling Street, Rownhams
Southampton
Hampshire
SO16 0AJ
England
Accountants
Power Accountax Limited
Mailbox 3, Solent Business Centre
343 Millbrook Road West
Southampton
SO15 0HW
Vear M & E Services Limited
Statement of financial position
as at 31 March 2024
Tangible assets
39,165
47,475
Inventories
318,544
297,353
Cash at bank and in hand
846,437
226,018
Creditors: amounts falling due within one year
(995,827)
(720,811)
Net current assets
823,341
796,939
Total assets less current liabilities
862,506
844,414
Creditors: amounts falling due after more than one year
(425,776)
(553,617)
Net assets
436,730
290,797
Called up share capital
100
100
Profit and loss account
436,630
290,697
Shareholders' funds
436,730
290,797
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 28 April 2024 and were signed on its behalf by
Mr James Rodney Child
Director
Company Registration No. 03112316
Vear M & E Services Limited
Notes to the Accounts
for the year ended 31 March 2024
Vear M & E Services Limited is a private company, limited by shares, registered in England and Wales, registration number 03112316. The registered office is Unit 4 Old Farm Court, Nursling Street, Rownhams, Southampton, Hampshire, SO16 0AJ, England.
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:
Fixtures & fittings
25% Reducing balance method
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
58,809
19,263
78,072
At 31 March 2024
58,809
19,263
78,072
At 1 April 2023
25,729
4,868
30,597
Charge for the year
8,270
40
8,310
At 31 March 2024
33,999
4,908
38,907
At 31 March 2024
24,810
14,355
39,165
At 31 March 2023
33,080
14,395
47,475
Amounts falling due within one year
Trade debtors
555,355
1,043,175
Other debtors
98,832
(48,796)
Vear M & E Services Limited
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
30,163
70,901
Trade creditors
1,036,895
607,012
Taxes and social security
(81,562)
37,132
Other creditors
10,331
5,766
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
357,036
485,724
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Amount due to Director
485,724
-
128,688
357,036
485,724
-
128,688
357,036
9
Average number of employees
During the year the average number of employees was 19 (2023: 19).