Registered number: 04142938 | ||||||||
FOR THE YEAR ENDED 31/01/2024 | ||||||||
Prepared By: | ||||||||
Harvey Guinan LLP | ||||||||
Chartered Certified Accountants | ||||||||
Unit 17 Mersey House | ||||||||
Matchworks Estate, 140 Speke Road | ||||||||
Liverpool | ||||||||
Merseyside | ||||||||
L19 2PH |
Vross Wheelchairs Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/01/2024 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Merseyside | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 04142938 | ||||||||
BANKERS | ||||||||
National Westminster | ||||||||
ACCOUNTANTS | ||||||||
Harvey Guinan LLP | ||||||||
Chartered Certified Accountants | ||||||||
Unit 17 Mersey House | ||||||||
Matchworks Estate, 140 Speke Road | ||||||||
Liverpool | ||||||||
Merseyside | ||||||||
L19 2PH |
Vross Wheelchairs Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/01/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Vross Wheelchairs Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
248,824 | 213,627 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 29,747 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 17,553 | 27,346 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Profit and loss account | 74,737 | 5,033 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Vross Wheelchairs Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/01/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | straight line 25 % | |||||||
Fixtures and Fittings | straight line 25% | |||||||
Equipment | straight line 25% | |||||||
Motor Cars | straight line 25% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
Vross Wheelchairs Limited | ||||||||
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1e. Government Grants | ||||||||
Government grants for the purchase of fixed assets are carried as deferred credits in creditors and recognised in the profit and loss account in line with depreciation of the assets purchased. |
1f. Leasing Commitments | ||||||||
Incentives received to enter into a lease agreement are recognised in the profit and loss account over the shorter of the lease term and the period to the next lease review. |
1g. General Information | ||||||||
Vross Wheelchairs Limited (Company Number 04142938) is a private company limited by shares and incorporated in England and Wales. Its registered office is Gillmoss Indudtrial Estate, 6 Carraway Road, Liverpool, Merseyside, L1 0EE. |
1h. Policy For Revenue Recognition | ||||||||
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. | ||||||||
Revenue from the sale of goods is recognised when goods are delivered and legal title has passed. |
Vross Wheelchairs Limited | ||||||||
1i. Policy For Foreign Currency | ||||||||
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. | ||||||||
Non-monetary items that are measured at historic cost in a foreign currency are not retranslated. |
1j. Policy For Going Concern | ||||||||
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements. |
1k. Basis Of Accounting FRS 1021 a | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. |
Vross Wheelchairs Limited | ||||||||
2. TANGIBLE FIXED ASSETS | ||||||||||
Plant and | Fixtures | |||||||||
Machinery | and Fittings | Equipment | Motor Cars | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 01/02/2023 | 8,168 | 7,271 | 22,808 | 47,974 | 86,221 | |||||
At 31/01/2024 | 8,168 | 7,271 | 22,808 | 47,974 | 86,221 | |||||
Depreciation | ||||||||||
At 01/02/2023 | 7,734 | 6,785 | 20,998 | 47,972 | 83,489 | |||||
For the year | 418 | 237 | 935 | - | 1,590 | |||||
At 31/01/2024 | 8,152 | 7,022 | 21,933 | 47,972 | 85,079 | |||||
Net Book Amounts | ||||||||||
At 31/01/2024 | 1,142 | |||||||||
At 31/01/2023 | 2,732 | |||||||||
3. STOCK | 2024 | 2023 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
4. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 60,694 | 41,374 | ||||||
UK corporation tax | 1,291 | 546 | ||||||
Other debtors | 33,298 | 40,009 | ||||||
95,283 | 81,929 | |||||||
Vross Wheelchairs Limited | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Other Taxes and Social Security | 7,065 | 4,394 | ||||||
Directors current account | 20,176 | 21,426 | ||||||
Bank Loans and Overdrafts < 1 Year | 10,648 | 10,648 | ||||||
Trade creditors | 113,827 | 138,162 | ||||||
Other creditors | 5,175 | 9,250 | ||||||
156,891 | 183,880 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Bank Loans and Overdrafts > 1 Year | 17,553 | 27,346 | ||||||
17,553 | 27,346 | |||||||
7. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 18 | |||||
Vross Wheelchairs Limited | ||||||||
8. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 685 | - | ||||||
685 | - | |||||||
9. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
10. GENERAL INFORMATION | ||||||||
Vross Wheelchairs Limited (company number: 04142938) is a private company limited by shares and incorporated in England and Wales. Its registered office is 6-8 Carraway Rd, Gillmoss Industrial Estate, Liverpool L11 0EE | ||||||||
11. OTHER COMMITMENTS | ||||||||
The company has an annual commitment under a non-cancellable operating lease of £61,820 under a lease which expires in 2025. | ||||||||