Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-06-01falseOther retail sale of new goods in specialised stores (not commercial art galleries and opticians)1falsetruefalse 06499916 2023-06-01 2024-05-31 06499916 2022-06-01 2023-05-31 06499916 2024-05-31 06499916 2023-05-31 06499916 c:Director1 2023-06-01 2024-05-31 06499916 d:PlantMachinery 2023-06-01 2024-05-31 06499916 d:PlantMachinery 2024-05-31 06499916 d:PlantMachinery 2023-05-31 06499916 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06499916 d:MotorVehicles 2023-06-01 2024-05-31 06499916 d:MotorVehicles 2024-05-31 06499916 d:MotorVehicles 2023-05-31 06499916 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06499916 d:FurnitureFittings 2023-06-01 2024-05-31 06499916 d:FurnitureFittings 2024-05-31 06499916 d:FurnitureFittings 2023-05-31 06499916 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06499916 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06499916 d:CurrentFinancialInstruments 2024-05-31 06499916 d:CurrentFinancialInstruments 2023-05-31 06499916 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 06499916 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 06499916 d:ShareCapital 2024-05-31 06499916 d:ShareCapital 2023-05-31 06499916 d:RetainedEarningsAccumulatedLosses 2024-05-31 06499916 d:RetainedEarningsAccumulatedLosses 2023-05-31 06499916 c:FRS102 2023-06-01 2024-05-31 06499916 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06499916 c:FullAccounts 2023-06-01 2024-05-31 06499916 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06499916 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 06499916










VICARAGE BALLISTICS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
VICARAGE BALLISTICS LIMITED
REGISTERED NUMBER: 06499916

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
26,932
32,287

  
26,932
32,287

Current assets
  

Stocks
 6 
29,988
29,988

Debtors: amounts falling due within one year
 7 
690
440

Cash at bank and in hand
 8 
163
996

  
30,841
31,424

Creditors: amounts falling due within one year
 9 
(203,582)
(203,071)

Net current liabilities
  
 
 
(172,741)
 
 
(171,647)

Total assets less current liabilities
  
(145,809)
(139,360)

  

Net liabilities
  
(145,809)
(139,360)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(145,909)
(139,460)

  
(145,809)
(139,360)


Page 1

 
VICARAGE BALLISTICS LIMITED
REGISTERED NUMBER: 06499916
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 February 2025.




Gareth Lloyd James
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
VICARAGE BALLISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Vicarage Ballistics Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and office address can be found on the Company Information page.
Registered number: 06499916
 
Registered address: 
 
MHA House Charter Court, Phoenix Way, Swansea Enterprise Park, Swansea, United Kingdom, SA7 9FS
The presentation currency of the financial statements is the Pound Sterling (£).
Monetary amounts in these financial statements are rounded to nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
VICARAGE BALLISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
Motor vehicles
-
25%
Fixtures and fittings
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


Stocks





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

 
3.1

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
3.2

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
3.3

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
3.4

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for
Page 4

 
VICARAGE BALLISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


3.4
Financial instruments (continued)

impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


4.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







1
-

Page 5

 
VICARAGE BALLISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 June 2023
104,265
47,929
31,621
183,815



At 31 May 2024

104,265
47,929
31,621
183,815



Depreciation


At 1 June 2023
83,680
42,804
25,044
151,528


Charge for the year on owned assets
3,088
1,281
986
5,355



At 31 May 2024

86,768
44,085
26,030
156,883



Net book value



At 31 May 2024
17,497
3,844
5,591
26,932



At 31 May 2023
20,585
5,125
6,577
32,287


6.


Stocks

2024
2023
£
£

Raw materials and consumables
29,988
29,988

29,988
29,988



7.


Debtors

2024
2023
£
£


Other debtors
440
440

Prepayments and accrued income
250
-

690
440


Page 6

 
VICARAGE BALLISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
163
996

163
996



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
300
1,387

Other creditors
198,325
197,485

Accruals and deferred income
4,957
4,199

203,582
203,071


 
Page 7