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REGISTERED NUMBER: 09271351 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Van Racking Solutions Limited

Van Racking Solutions Limited (Registered number: 09271351)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Van Racking Solutions Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: N Aitken
J S Marshall
T G Walbridge





SECRETARY:





REGISTERED OFFICE: 92 Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7RE





REGISTERED NUMBER: 09271351 (England and Wales)





ACCOUNTANTS: Gervis
6 Wick Lane
Christchurch
Dorset
BH23 1HX

Van Racking Solutions Limited (Registered number: 09271351)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,581 52,550

CURRENT ASSETS
Stocks 5 248,831 229,865
Debtors 6 150,171 127,557
Cash at bank and in hand 388,991 174,495
787,993 531,917
CREDITORS
Amounts falling due within one year 7 414,676 265,215
NET CURRENT ASSETS 373,317 266,702
TOTAL ASSETS LESS CURRENT
LIABILITIES

431,898

319,252

CREDITORS
Amounts falling due after more than one year 8 (14,784 ) (24,917 )

PROVISIONS FOR LIABILITIES 9 (6,134 ) (7,496 )
NET ASSETS 410,980 286,839

CAPITAL AND RESERVES
Called up share capital 10 50,020 50,000
Retained earnings 11 360,960 236,839
SHAREHOLDERS' FUNDS 410,980 286,839

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Van Racking Solutions Limited (Registered number: 09271351)

Balance Sheet - continued
31 December 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by:




N Aitken - Director



J S Marshall - Director


Van Racking Solutions Limited (Registered number: 09271351)

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

1. STATUTORY INFORMATION

Van Racking Solutions 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 20% on reducing balance.
Computer equipment straight line over 3 years
Improvements to property straight line over 10 years

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 Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Van Racking Solutions Limited (Registered number: 09271351)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 113,913
Additions 20,853
At 31 December 2024 134,766
DEPRECIATION
At 1 January 2024 61,363
Charge for year 14,822
At 31 December 2024 76,185
NET BOOK VALUE
At 31 December 2024 58,581
At 31 December 2023 52,550

5. STOCKS
31.12.24 31.12.23
£    £   
Stocks 201,698 225,898
Work in progress 47,133 3,967
248,831 229,865

6. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors 128,741 114,039
Other debtors - 250
Vat liability control (5,275 ) (15,111 )
Prepayments and accrued income 14,580 16,254
138,046 115,432

Amounts falling due after more than one year:
Rent Deposit 12,125 12,125

Aggregate amounts 150,171 127,557

Van Racking Solutions Limited (Registered number: 09271351)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 162,487 162,494
Paypal receipts/payments (11 ) (10 )
Tax 61,960 17,047
Social security and other taxes 18,273 22,314
Pension 2,119 1,640
VAT 83,262 47,317
Directors' current accounts 3,246 4,428
Accruals 83,340 9,985
414,676 265,215

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
BBLS Natwest 14,784 24,917

9. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 6,134 7,496

Deferred
tax
£   
Balance at 1 January 2024 7,496
Provided during year (1,362 )
Balance at 31 December 2024 6,134

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
50,000 ORDINARY 1 50,000 50,000
10 B 1 10 -
10 C 1 10 -
50,020 50,000

Van Racking Solutions Limited (Registered number: 09271351)

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

11. RESERVES
Retained
earnings
£   

At 1 January 2024 236,839
Profit for the year 179,471
Dividends (55,350 )
At 31 December 2024 360,960

12. RELATED PARTY DISCLOSURES

At the 31st December 2024 the company owed £0 to N Aitken

At the 31st December 2024 the company owed £906 to J Marshall (31st December 2023 £0).

13. ULTIMATE CONTROLLING PARTY

The company is controlled by the director James Marshall by virtue of his majority ownership of the share capital of the company.