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REGISTERED NUMBER: 11886838 (England and Wales)





VUS GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






VUS GROUP LIMITED (REGISTERED NUMBER: 11886838)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VUS GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr G C Barker
Mr M R Hodgson
Mr N Moore
Mr I Naylor





REGISTERED OFFICE: Cotes Park Lane, Cotes Park Ind Est
Somercotes
Alfreton
Derbyshire
DE55 4NJ





REGISTERED NUMBER: 11886838 (England and Wales)





ACCOUNTANTS: ApC
Chartered Accountants
7 St John Street
Mansfield
Nottinghamshire
NG18 1QH

VUS GROUP LIMITED (REGISTERED NUMBER: 11886838)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 5 10,113,829 9,933,521

CURRENT ASSETS
Debtors 6 803,149 803,149
Cash at bank - 387
803,149 803,536
CREDITORS
Amounts falling due within one year 7 377,386 162,786
NET CURRENT ASSETS 425,763 640,750
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,539,592

10,574,271

CREDITORS
Amounts falling due after more than one
year

8

8,796,828

8,623,977
NET ASSETS 1,742,764 1,950,294

CAPITAL AND RESERVES
Called up share capital 1,668 1,668
Retained earnings 1,741,096 1,948,626
SHAREHOLDERS' FUNDS 1,742,764 1,950,294

VUS GROUP LIMITED (REGISTERED NUMBER: 11886838)

BALANCE SHEET - continued
31 MARCH 2024


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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:




Mr G C Barker - Director Mr M R Hodgson - Director




Mr N Moore - Director Mr I Naylor - Director


VUS GROUP LIMITED (REGISTERED NUMBER: 11886838)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

VUS Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


VUS GROUP LIMITED (REGISTERED NUMBER: 11886838)

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.

Financial instruments
Financial instruments and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

VUS GROUP LIMITED (REGISTERED NUMBER: 11886838)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023 9,933,521
Additions 180,308
At 31 March 2024 10,113,829
NET BOOK VALUE
At 31 March 2024 10,113,829
At 31 March 2023 9,933,521

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed by group undertakings 803,149 803,149

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,000 -
Other creditors 339,826 132,691
Directors' current accounts 28,300 28,300
Accruals and deferred income 2,260 1,795
377,386 162,786

VUS GROUP LIMITED (REGISTERED NUMBER: 11886838)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 1,082,443 1,654,573
Amounts owed to group undertakings 4,614,385 3,842,577
Other creditors 3,100,000 3,126,827
8,796,828 8,623,977

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,082,443 1,654,573

The following debts are included in creditors and secured with a fixed and floating charge over the companies assets.

10. RELATED PARTY DISCLOSURES

Amounts owed to group undertakings £4,614,385 (2023: £3,842,576).

Amounts owed by group undertakings £803,149 (2023: £803,149).