1 December 2023 v2024.67.2 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsexbrli:purexbrli:sharesiso4217:GBP098805812023-12-012024-11-30098805812024-11-3009880581bus:Director12023-12-012024-11-3009880581bus:Director22023-12-012024-11-3009880581bus:RegisteredOffice2023-12-012024-11-30098805812022-12-012023-11-30098805812023-11-3009880581core:WithinOneYear2024-11-3009880581core:WithinOneYear2023-11-3009880581core:RetainedEarningsAccumulatedLosses2024-11-3009880581core:RetainedEarningsAccumulatedLosses2023-11-3009880581core:OfficeEquipment2023-12-012024-11-3009880581core:MotorVehicles2023-12-012024-11-3009880581core:PlantMachinery2023-12-0109880581core:PlantMachinery2023-12-012024-11-3009880581core:PlantMachinery2024-11-3009880581core:PlantMachinery2023-11-3009880581core:AfterOneYear2024-11-3009880581core:AfterOneYear2023-11-3009880581core:BetweenOneFiveYears2024-11-300988058112023-12-012024-11-3009880581countries:EnglandWales2023-12-012024-11-3009880581bus:AuditExemptWithAccountantsReport2023-12-012024-11-3009880581bus:PrivateLimitedCompanyLtd2023-12-012024-11-3009880581bus:SmallEntities2023-12-012024-11-3009880581bus:FullAccounts2023-12-012024-11-30
Company registration number:
09880581
Vanr Ltd.
Unaudited Financial Statements for the year ended
30 November 2024
Vanr Ltd.
Officers and Professional Advisers
Year ended
30 November 2024
Directors
Mr F Batchelor
Mr N Batchelor
Registered office
78 Beckenham Road
Beckenham
Kent
BR3 4RH
United Kingdom
Accountant
JAYJAY Accountancy Services Ltd
80A Edward Street
Deptford
London
London
SE8 5HB
United Kingdom
Vanr Ltd.
Directors' Report
Year ended
30 November 2024
The directors present their report and the unaudited
financial statements
of the company for the year ended 30 November 2024.

Directors

The directors who served the company during the year were as follows:
Mr F Batchelor
Mr N Batchelor

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
6 January 2025
and signed on behalf of the board by:
Mr N Batchelor
Mr F Batchelor
DirectorDirector
Vanr Ltd.
Report to the board of directors on the preparation of the unaudited statutory financial statements of Vanr Ltd.
Year ended
30 November 2024
As described on the statement of financial position, the Board of Directors of
Vanr Ltd.
are responsible for the preparation of the
financial statements
for the year ended
30 November 2024
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
JAYJAY Accountancy Services Ltd
80A Edward Street
Deptford
London
London
SE8 5HB
United Kingdom
Date:
6 January 2025
Vanr Ltd.
Income Statement
Year ended
30 November 2024
20242023
££
Turnover
3,162,212
 
1,606,669
 
Cost of sales
(1,554,613
) (862,412 )
Gross profit
1,607,599
 
744,257
 
Administrative expenses
(1,292,449
)
(693,910
)
Operating profit
315,150
 
50,347
 
Interest payable and similar expenses
(1,220
)
(218
)
Profit before tax
313,930
 
50,129
 
Tax on profit
(32,174
) -  
Profit for the financial year
281,756
 
50,129
 
The company has no other recognised items of income or expense other than the results for the year as set out above.
Vanr Ltd.
Statement of Financial Position
30 November 2024
20242023
Note££
Fixed assets    
Tangible assets 5
608,037
 
194,613
 
Current assets    
Debtors 6
253,706
 
94,161
 
Cash at bank and in hand
234,180
 
129,831
 
487,886
 
223,992
 
Creditors: amounts falling due within one year 7
(749,363
)
(353,801
)
Net current liabilities
(261,477
)
(129,809
)
Total assets less current liabilities 346,560   64,804  
Capital and reserves    
Profit and loss account
346,560
 
64,804
 
Shareholders funds
346,560
 
64,804
 
For the year ending
30 November 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.
These
financial statements
have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These
financial statements
were approved by the board of directors and authorised for issue on
6 January 2025
, and are signed on behalf of the board by:
Mr N Batchelor
Mr F Batchelor
DirectorDirector
Company registration number:
09880581
Vanr Ltd.
Notes to the Financial Statements
Year ended
30 November 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
78 Beckenham Road
,
Beckenham
,
Kent
,
BR3 4RH
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount 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 capital and reserves. However, the increase is recognised in profit or loss to the extent that 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 capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
33.33% straight line
Motor vehicles
33.33% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2023:
2
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 December 2023
381,607
 
Additions
508,865
 
Disposals
(130,472
)
At
30 November 2024
760,000
 
Depreciation  
At
1 December 2023
186,994
 
Charge
49,840
 
Disposals
(84,871
)
At
30 November 2024
151,963
 
Carrying amount  
At
30 November 2024
608,037
 
At 30 November 2023
194,613
 

6 Debtors

20242023
££
Trade debtors
253,706
 
74,209
 
Other debtors -  
19,952
 
253,706
 
94,161
 
The debtors above include the following amounts falling due after more than one year:
20242023
££
Trade debtors
253,706
 
94,161
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
16,292
 
25,721
 
Trade creditors
653,967
 
253,056
 
Taxation and social security
79,104
 
47,589
 
Other creditors -  
27,435
 
749,363
 
353,801
 

8 Operating leases

The company as lessor    
20242023
££
Not later than 1 year
91,759
 - 
Later than 1 year and not later than 5 years
562,208
 - 
653,967
 -