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REGISTERED NUMBER: 07183495 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Vesseltec Site Services Ltd

Vesseltec Site Services Ltd (Registered number: 07183495)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Vesseltec Site Services Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr I R Smith
Mr J L Carey





SECRETARY: Mrs R Carey





REGISTERED OFFICE: Limes Farm
11 Treelands
Gawber
Barnsley
South Yorkshire
S75 2HZ





REGISTERED NUMBER: 07183495 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Vesseltec Site Services Ltd (Registered number: 07183495)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 9,955 12,297

CURRENT ASSETS
Debtors 6 13,096 82,770
Cash at bank 45,019 4,608
58,115 87,378
CREDITORS
Amounts falling due within one year 7 46,114 32,439
NET CURRENT ASSETS 12,001 54,939
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,956

67,236

PROVISIONS FOR LIABILITIES 1,891 2,337
NET ASSETS 20,065 64,899

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 19,965 64,799
SHAREHOLDERS' FUNDS 20,065 64,899

Vesseltec Site Services Ltd (Registered number: 07183495)

Statement of Financial Position - continued
31 March 2024


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2025 and were signed on its behalf by:





Mr I R Smith - Director


Vesseltec Site Services Ltd (Registered number: 07183495)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Vesseltec Site Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in compliance with FRS 102, 'The Financial Standard Applicable in the UK and the Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Vesseltec Site Services Ltd (Registered number: 07183495)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 29,561 23,459 53,020
DEPRECIATION
At 1 April 2023 22,247 18,476 40,723
Charge for year 1,097 1,245 2,342
At 31 March 2024 23,344 19,721 43,065
NET BOOK VALUE
At 31 March 2024 6,217 3,738 9,955
At 31 March 2023 7,314 4,983 12,297

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,096 754
Other debtors - 82,016
13,096 82,770

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9 9
Trade creditors - 3,000
Taxation and social security 26,973 14,137
Other creditors 19,132 15,293
46,114 32,439

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100