IRIS Accounts Production v24.3.2.46 02840760 Board of Directors Board of Directors 1.8.23 31.7.24 31.7.24 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh028407602023-07-31028407602024-07-31028407602023-08-012024-07-31028407602022-07-31028407602022-08-012023-07-31028407602023-07-3102840760ns15:EnglandWales2023-08-012024-07-3102840760ns14:PoundSterling2023-08-012024-07-3102840760ns10:Director12023-08-012024-07-3102840760ns10:Director22023-08-012024-07-3102840760ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3102840760ns10:SmallEntities2023-08-012024-07-3102840760ns10:AuditExemptWithAccountantsReport2023-08-012024-07-3102840760ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3102840760ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3102840760ns10:FullAccounts2023-08-012024-07-3102840760ns10:CompanySecretary12023-08-012024-07-3102840760ns10:RegisteredOffice2023-08-012024-07-3102840760ns5:CurrentFinancialInstruments2024-07-3102840760ns5:CurrentFinancialInstruments2023-07-3102840760ns5:ShareCapital2024-07-3102840760ns5:ShareCapital2023-07-3102840760ns5:CapitalRedemptionReserve2024-07-3102840760ns5:CapitalRedemptionReserve2023-07-3102840760ns5:RetainedEarningsAccumulatedLosses2024-07-3102840760ns5:RetainedEarningsAccumulatedLosses2023-07-3102840760ns5:PlantMachinery2023-08-012024-07-3102840760ns5:LandBuildings2023-07-3102840760ns5:PlantMachinery2023-07-3102840760ns5:LandBuildings2023-08-012024-07-3102840760ns5:LandBuildings2024-07-3102840760ns5:PlantMachinery2024-07-3102840760ns5:LandBuildings2023-07-3102840760ns5:PlantMachinery2023-07-3102840760ns5:CostValuation2023-07-3102840760ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3102840760ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-31
REGISTERED NUMBER: 02840760 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

VEEDON FLEECE LIMITED

VEEDON FLEECE LIMITED (REGISTERED NUMBER: 02840760)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

VEEDON FLEECE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: A M R Gilchrist
C M Gilchrist





SECRETARY: C M Gilchrist





REGISTERED OFFICE: Greens Court
West Street
Midhurst
West Sussex
GU29 9NQ





REGISTERED NUMBER: 02840760 (England and Wales)





ACCOUNTANTS: Goodale Mardle, Chartered Accountants
Greens Court
West Street
Midhurst
West Sussex
GU29 9NQ

VEEDON FLEECE LIMITED (REGISTERED NUMBER: 02840760)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,597 45,761
Investments 5 3,500 3,500
49,097 49,261

CURRENT ASSETS
Stocks 46,969 47,541
Debtors 6 11,706 4,875
Cash at bank 55,454 63,205
114,129 115,621
CREDITORS
Amounts falling due within one year 7 122,549 129,142
NET CURRENT LIABILITIES (8,420 ) (13,521 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,677

35,740

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Capital redemption reserve 1,500 1,500
Retained earnings 36,177 31,240
SHAREHOLDERS' FUNDS 40,677 35,740

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 January 2025 and were signed on its behalf by:




A M R Gilchrist - Director



C M Gilchrist - Director


VEEDON FLEECE LIMITED (REGISTERED NUMBER: 02840760)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Veedon Fleece Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 33% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

VEEDON FLEECE LIMITED (REGISTERED NUMBER: 02840760)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 10,234 114,750 124,984
Additions - 2,882 2,882
Disposals - (5,351 ) (5,351 )
At 31 July 2024 10,234 112,281 122,515
DEPRECIATION
At 1 August 2023 - 79,223 79,223
Charge for year - 3,046 3,046
Eliminated on disposal - (5,351 ) (5,351 )
At 31 July 2024 - 76,918 76,918
NET BOOK VALUE
At 31 July 2024 10,234 35,363 45,597
At 31 July 2023 10,234 35,527 45,761

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2023
and 31 July 2024 6,000
PROVISIONS
At 1 August 2023
and 31 July 2024 2,500
NET BOOK VALUE
At 31 July 2024 3,500
At 31 July 2023 3,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 10,206 -
Other debtors 1,500 4,875
11,706 4,875

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 1,856 11,199
Taxation and social security 8,933 7,594
Other creditors 111,760 110,349
122,549 129,142

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
VEEDON FLEECE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Veedon Fleece Limited for the year ended 31 July 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Veedon Fleece Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Veedon Fleece Limited and state those matters that we have agreed to state to the Board of Directors of Veedon Fleece Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Veedon Fleece Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Veedon Fleece Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Veedon Fleece Limited. You consider that Veedon Fleece Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Veedon Fleece Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Goodale Mardle, Chartered Accountants
Greens Court
West Street
Midhurst
West Sussex
GU29 9NQ


Date: .............................................