VELCOL LIMITED

Company Registration Number:
04374485 (England and Wales)

Unaudited abridged accounts for the year ended 23 April 2024

Period of accounts

Start date: 24 April 2023

End date: 23 April 2024

VELCOL LIMITED

Contents of the Financial Statements

for the Period Ended 23 April 2024

Balance sheet
Notes

VELCOL LIMITED

Balance sheet

As at 23 April 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 1,188,077 1,087,643
Total fixed assets: 1,188,077 1,087,643
Current assets
Stocks: 502,080 253,640
Debtors: 4 2,243,907 1,904,559
Cash at bank and in hand: 1,492,018 1,482,549
Total current assets: 4,238,005 3,640,748
Creditors: amounts falling due within one year: 5 (1,798,981) (1,772,935)
Net current assets (liabilities): 2,439,024 1,867,813
Total assets less current liabilities: 3,627,101 2,955,456
Creditors: amounts falling due after more than one year: 6 (301,314) (205,747)
Provision for liabilities: (131,431) (131,431)
Total net assets (liabilities): 3,194,356 2,618,278
Capital and reserves
Called up share capital: 4 4
Profit and loss account: 3,194,352 2,618,274
Shareholders funds: 3,194,356 2,618,278

The notes form part of these financial statements

VELCOL LIMITED

Balance sheet statements

For the year ending 23 April 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 January 2025
and signed on behalf of the board by:

Name: PJ Tierney
Status: Director

The notes form part of these financial statements

VELCOL LIMITED

Notes to the Financial Statements

for the Period Ended 23 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

VELCOL LIMITED

Notes to the Financial Statements

for the Period Ended 23 April 2024

2. Employees

2024 2023
Average number of employees during the period 5 5

VELCOL LIMITED

Notes to the Financial Statements

for the Period Ended 23 April 2024

3. Tangible Assets

Total
Cost £
At 24 April 2023 1,892,704
Additions 332,070
Disposals (12,570)
At 23 April 2024 2,212,204
Depreciation
At 24 April 2023 805,061
Charge for year 227,007
On disposals (7,941)
At 23 April 2024 1,024,127
Net book value
At 23 April 2024 1,188,077
At 23 April 2023 1,087,643

VELCOL LIMITED

Notes to the Financial Statements

for the Period Ended 23 April 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

VELCOL LIMITED

Notes to the Financial Statements

for the Period Ended 23 April 2024

5. Creditors: amounts falling due within one year note

23/4/24 Bank Loans and Overdrafts= £120,789 HP Contracts= £187,295 Trade Creditors= £986,839 Tax and Social Security= £196,766 Other= £307,292 Total= £1,798,981 23/4/23 Bank Loans and Overdrafts= £294,043 HP Contracts= £215,557 Trade Creditors= £831,549 Tax and Social Security= £119,031 Other= £312,755 Total= £1,772,935

VELCOL LIMITED

Notes to the Financial Statements

for the Period Ended 23 April 2024

6. Creditors: amounts falling due after more than one year note

23/4/24 HP Contracts= £301,314 23/4/23 HP Contracts= £205,747