Company Registration No. 10073356 (England and Wales)
Veles Water Limited
Unaudited accounts
for the year ended 31 December 2023
Veles Water Limited
Unaudited accounts
Contents
Veles Water Limited
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
169,506
168,713
Creditors: amounts falling due within one year
(19,543)
(46,399)
Net current assets
522,544
305,910
Total assets less current liabilities
522,544
305,910
Creditors: amounts falling due after more than one year
(165,538)
(111,290)
Net assets
357,006
194,620
Called up share capital
1,121
1,121
Share premium
764,939
764,939
Profit and loss account
(409,054)
(571,440)
Shareholders' funds
357,006
194,620
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 September 2024 and were signed on its behalf by
Lance Reginald Coogan
Director
Company Registration No. 10073356
Veles Water Limited
Notes to the Accounts
for the year ended 31 December 2023
Veles Water Limited is a private company, limited by shares, registered in England and Wales, registration number 10073356. The registered office is The Club House, 8 St. James's Square, London, SW1Y 4JU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Other debtors
372,581
183,596
Veles Water Limited
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,005
16,769
Taxes and social security
(6,102)
8,478
Other creditors
24,640
21,152
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Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
40,000
-
Other creditors
125,538
111,290
Allotted, called up and fully paid:
1,120,633 Ordinary shares of £0.001 each
1,120.63
1,120.63
9
Transactions with related parties
At the end of the year the company owed £40,000 (2022: NIL) to Veles Water & Carbon Projects Limited where the director Mr Coogan has participating interest.
10
Average number of employees
During the year the average number of employees was 0 (2022: 3).