0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2024 - FRS102_2024 2,256,540 95,777 34,828 130,605 2,125,935 2,160,763 100 100 100 xbrli:pure xbrli:shares iso4217:GBP 12472200 2023-05-01 2024-04-30 12472200 2024-04-30 12472200 2023-04-30 12472200 2022-05-01 2023-04-30 12472200 2023-04-30 12472200 2022-04-30 12472200 core:LandBuildings 2023-05-01 2024-04-30 12472200 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 12472200 bus:Director1 2023-05-01 2024-04-30 12472200 core:LandBuildings 2023-04-30 12472200 core:LandBuildings 2024-04-30 12472200 core:WithinOneYear 2024-04-30 12472200 core:WithinOneYear 2023-04-30 12472200 core:ShareCapital 2024-04-30 12472200 core:ShareCapital 2023-04-30 12472200 core:RetainedEarningsAccumulatedLosses 2024-04-30 12472200 core:RetainedEarningsAccumulatedLosses 2023-04-30 12472200 core:CostValuation core:Non-currentFinancialInstruments 2024-04-30 12472200 core:Non-currentFinancialInstruments 2024-04-30 12472200 core:Non-currentFinancialInstruments 2023-04-30 12472200 core:LandBuildings 2023-04-30 12472200 bus:SmallEntities 2023-05-01 2024-04-30 12472200 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 12472200 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 12472200 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12472200 bus:FullAccounts 2023-05-01 2024-04-30 12472200 bus:OrdinaryShareClass1 2024-04-30 12472200 bus:OrdinaryShareClass1 2023-04-30
COMPANY REGISTRATION NUMBER: 12472200
"V" Installations Holdings Ltd
Filleted Unaudited Financial Statements
30 April 2024
"V" Installations Holdings Ltd
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
3
2,125,935
2,160,763
Investments
4
100
100
-----------
-----------
2,126,035
2,160,863
Current assets
Debtors
5
2,062,548
45,000
Cash at bank and in hand
1,929,335
1,999,486
-----------
-----------
3,991,883
2,044,486
Creditors: amounts falling due within one year
6
299
45,000
-----------
-----------
Net current assets
3,991,584
1,999,486
-----------
-----------
Total assets less current liabilities
6,117,619
4,160,349
Accruals and deferred income
710
2,175
-----------
-----------
Net assets
6,116,909
4,158,174
-----------
-----------
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
6,116,809
4,158,074
-----------
-----------
Shareholders funds
6,116,909
4,158,174
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
"V" Installations Holdings Ltd
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 22 November 2024 , and are signed on behalf of the board by:
Mr G. Fox
Director
Company registration number: 12472200
"V" Installations Holdings Ltd
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered and trading in England and Wales with company number 12472200 . The address of the registered office is 8 Jury Street, Warwick, CV34 4EW.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the company and rounded to the nearest £.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
In preparing these financial statements the directors have had to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. Estimates and associated assumptions are based on historic experience and various other factors including expectations of future events that are believed to be reasonable under the circumstances, however actual results may differ from these estimates. For this reporting date there are no significant judgements, estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Land and buildings
-
2% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
The company only has basic financial instruments. - Financial assets Financial assets comprise items such as cash at bank and in hand and trade and other debtors. These are initially recorded at cost on the date they originate, the company considers evidence of impairment for all individual elements comprising financial assets and any subsequent impairment is recognised in profit and loss. - Financial liabilities Financial liabilities comprise items such as corporation and other taxes, bank and other loans, accruals and trade and other creditors. These are initially recorded at cost on the date they originate, net of transaction costs where applicable, the company considers evidence of impairment for all individual elements comprising financial liabilities and any subsequent impairment is recognised in profit and loss.
3. Tangible assets
Land and buildings
£
Cost
At 1 May 2023 and 30 April 2024
2,256,540
-----------
Depreciation
At 1 May 2023
95,777
Charge for the year
34,828
-----------
At 30 April 2024
130,605
-----------
Carrying amount
At 30 April 2024
2,125,935
-----------
At 30 April 2023
2,160,763
-----------
4. Investments
Shares in group undertakings
£
Cost
At 1 May 2023 and 30 April 2024
100
----
Impairment
At 1 May 2023 and 30 April 2024
----
Carrying amount
At 30 April 2024
100
----
At 30 April 2023
100
----
The company owns 100% of the issued share capital of "V" Installations Mechanical Handling Ltd.
Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity
5. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
2,042,948
45,000
Other debtors
19,600
-----------
-------
2,062,548
45,000
-----------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
299
Other creditors
45,000
----
-------
299
45,000
----
-------
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
8. Directors' advances, credits and guarantees
At the reporting date the directors loan account was in debit by £19,600 (2023: £45,000). There is no fixed term for repayment and no interest is charged. Transactions during the year can be summarised as follows:
2024
£
Opening Balance Brought Forward 45,000
Net Advance (0% Interest) (64,600)
-------
Closing Balance Carried Forward (19,600)
-------