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REGISTERED NUMBER: 03533614 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

VWC LIMITED

VWC LIMITED (REGISTERED NUMBER: 03533614)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VWC LIMITED

COMPANY INFORMATION
For The Year Ended 31 January 2024







DIRECTORS: M G Laing
J Laing





SECRETARY: J Laing





REGISTERED OFFICE: 3a Lincoln Way
Sherburn In Elmet
Leeds
LS25 6PJ





REGISTERED NUMBER: 03533614 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
Equinox House
Clifton Park, Shipton Road
York
YO30 5PA

VWC LIMITED (REGISTERED NUMBER: 03533614)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 210,326 222,574
210,326 222,574

CURRENT ASSETS
Stocks 282,285 255,045
Debtors 6 213,389 159,944
Cash at bank and in hand 28,394 82,420
524,068 497,409
CREDITORS
Amounts falling due within one year 7 272,858 222,375
NET CURRENT ASSETS 251,210 275,034
TOTAL ASSETS LESS CURRENT LIABILITIES 461,536 497,608

CREDITORS
Amounts falling due after more than
one year

8

(13,494

)

(31,399

)

PROVISIONS FOR LIABILITIES (46,665 ) (46,366 )
NET ASSETS 401,377 419,843

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 400,377 418,843
SHAREHOLDERS' FUNDS 401,377 419,843

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

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

VWC LIMITED (REGISTERED NUMBER: 03533614)

BALANCE SHEET - continued
31 January 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





J Laing - Director


VWC LIMITED (REGISTERED NUMBER: 03533614)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024


1. STATUTORY INFORMATION

VWC 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.

2. ACCOUNTING POLICIES

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

These financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill has now been fully amortised over it's useful life of 10 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

VWC LIMITED (REGISTERED NUMBER: 03533614)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 60,381
AMORTISATION
At 1 February 2023
and 31 January 2024 60,381
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 February 2023 14,473 285,518 79,445
Additions - 2,150 -
Disposals - - -
At 31 January 2024 14,473 287,668 79,445
DEPRECIATION
At 1 February 2023 3,597 112,328 76,596
Charge for year 1,305 22,844 712
Eliminated on disposal - - -
At 31 January 2024 4,902 135,172 77,308
NET BOOK VALUE
At 31 January 2024 9,571 152,496 2,137
At 31 January 2023 10,876 173,190 2,849

VWC LIMITED (REGISTERED NUMBER: 03533614)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 69,151 15,117 463,704
Additions 31,742 720 34,612
Disposals (14,296 ) - (14,296 )
At 31 January 2024 86,597 15,837 484,020
DEPRECIATION
At 1 February 2023 38,669 9,940 241,130
Charge for year 17,763 3,402 46,026
Eliminated on disposal (13,462 ) - (13,462 )
At 31 January 2024 42,970 13,342 273,694
NET BOOK VALUE
At 31 January 2024 43,627 2,495 210,326
At 31 January 2023 30,482 5,177 222,574

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold buildings10-33% reducing balance
Plant and equipment12-25% reducing balance
Fixtures and fittings25% reducing balance
Computer equipment25-33% reducing balance
Vehicles25-35% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 186,463 126,900
Other debtors 26,926 33,044
213,389 159,944

VWC LIMITED (REGISTERED NUMBER: 03533614)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 13,975 3,906
Trade creditors 108,111 129,548
Amounts owed to group undertakings 37,842 39
Taxation and social security 86,237 68,729
Other creditors 26,693 20,153
272,858 222,375

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 13,975
Other creditors 13,494 17,424
13,494 31,399

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary 1 1,000 1,000