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REGISTERED NUMBER: 09984209 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Vine Technical Services Limited

Vine Technical Services Limited (Registered number: 09984209)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Vine Technical Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs A E Bird
Mr P J Bird
Mrs R E Larkins





SECRETARY: Mrs R E Larkins





REGISTERED OFFICE: Country Works
7 Gateshead Close
Sunderland Road
Sandy
Bedfordshire
SG19 1RS





REGISTERED NUMBER: 09984209 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
Brigham House
High Street
Biggleswade
Bedfordshire
SG18 0LD

Vine Technical Services Limited (Registered number: 09984209)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 6,560 2,907

CURRENT ASSETS
Debtors 103,315 112,019
Cash at bank and in hand 72,914 37,250
176,229 149,269
CREDITORS
Amounts falling due within one year 130,159 102,234
NET CURRENT ASSETS 46,070 47,035
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,630

49,942

PROVISIONS FOR LIABILITIES 1,026 284
NET ASSETS 51,604 49,658

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 51,504 49,558
SHAREHOLDERS' FUNDS 51,604 49,658

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.

Vine Technical Services Limited (Registered number: 09984209)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 September 2024 and were signed on its behalf by:





Mrs A E Bird - Director


Vine Technical Services Limited (Registered number: 09984209)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Vine Technical Services 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. 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 is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from project management and technical support is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the proportion of the total contract duration time lapsed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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 etc - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.


Vine Technical Services Limited (Registered number: 09984209)

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 13 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 13,353
Additions 4,391
At 31 March 2024 17,744
DEPRECIATION
At 1 April 2023 10,446
Charge for year 738
At 31 March 2024 11,184
NET BOOK VALUE
At 31 March 2024 6,560
At 31 March 2023 2,907

6. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had other financial commitments totalling £180,000.