V & N Industrial Services Limited 2240823 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is that of a holding company. The company's subsidiary, Jonanthan Potts Ltd, buys and sells scrap metals Digita Accounts Production Advanced 6.30.9574.0 true false true 2240823 2023-02-01 2024-01-31 2240823 2024-01-31 2240823 bus:OrdinaryShareClass1 2024-01-31 2240823 core:RetainedEarningsAccumulatedLosses 2024-01-31 2240823 core:ShareCapital 2024-01-31 2240823 core:CurrentFinancialInstruments 2024-01-31 2240823 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 2240823 core:CostValuation 2024-01-31 2240823 bus:SmallEntities 2023-02-01 2024-01-31 2240823 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 2240823 bus:FullAccounts 2023-02-01 2024-01-31 2240823 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 2240823 bus:RegisteredOffice 2023-02-01 2024-01-31 2240823 bus:Director1 2023-02-01 2024-01-31 2240823 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 2240823 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 2240823 countries:England 2023-02-01 2024-01-31 2240823 core:CostValuation 2023-01-31 2240823 2022-02-01 2023-01-31 2240823 2023-01-31 2240823 bus:OrdinaryShareClass1 2023-01-31 2240823 core:RetainedEarningsAccumulatedLosses 2023-01-31 2240823 core:ShareCapital 2023-01-31 2240823 core:CurrentFinancialInstruments 2023-01-31 2240823 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 2240823

V & N Industrial Services Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 January 2024

 

V & N Industrial Services Limited

(Registration number: 2240823)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

200,000

200,000

Current assets

 

Debtors

5

1,338,409

330,526

Cash at bank and in hand

 

168

169

 

1,338,577

330,695

Creditors: Amounts falling due within one year

6

(851,106)

(506,555)

Net current assets/(liabilities)

 

487,471

(175,860)

Net assets

 

687,471

24,140

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

687,371

24,040

Shareholders' funds

 

687,471

24,140

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 October 2024
 


Mr M A Leek
Director

   
 

V & N Industrial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
50-54 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PQ

Registration number: 2240823

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Going concern

The financial statements have been prepared on a going concern basis.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

V & N Industrial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the yearwas 1 (2023 - 1).

4

Investments

2024
£

2023
£

Investments in subsidiaries

200,000

200,000

Subsidiaries

£

Cost or valuation

At 1 February 2023

200,000

At 31 January 2024

200,000

Carrying amount

At 31 January 2024

200,000

At 31 January 2023

200,000

5

Debtors

2024
£

2023
£

Amounts owed by related parties

-

330,526

Other debtors

1,338,409

-

 

1,338,409

330,526

 

V & N Industrial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

6

Creditors

2024
£

2023
£

Due within one year

Amounts due to related parties

3,000

506,255

Other payables

848,106

300

851,106

506,555

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100