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REGISTERED NUMBER: 05861219 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

VANS FOR BANDS LIMITED

VANS FOR BANDS LIMITED (REGISTERED NUMBER: 05861219)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 9

VANS FOR BANDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: T D Anderson
B M Anderson
E J A Thomson





REGISTERED OFFICE: 42 Woodstock Road East
Begbroke
Oxfordshire
OX5 1RG





REGISTERED NUMBER: 05861219 (England and Wales)





ACCOUNTANTS: Astral Accountancy Services Limited
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT

VANS FOR BANDS LIMITED (REGISTERED NUMBER: 05861219)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,371,552 3,151,143

CURRENT ASSETS
Stocks 4,017 6,719
Debtors 5 1,843,220 1,550,182
Cash at bank and in hand 479,095 380,843
2,326,332 1,937,744
CREDITORS
Amounts falling due within one year 6 3,588,217 3,001,629
NET CURRENT LIABILITIES (1,261,885 ) (1,063,885 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,109,667

2,087,258

CREDITORS
Amounts falling due after more than one year 7 (938,250 ) (1,337,836 )

PROVISIONS FOR LIABILITIES 9 (318,756 ) (366,036 )
NET ASSETS 852,661 383,386

CAPITAL AND RESERVES
Called up share capital 10 1,676 1,676
Share premium 249,689 249,689
Retained earnings 601,296 132,021
SHAREHOLDERS' FUNDS 852,661 383,386

VANS FOR BANDS LIMITED (REGISTERED NUMBER: 05861219)

BALANCE SHEET - continued
30 JUNE 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:





T D Anderson - Director


VANS FOR BANDS LIMITED (REGISTERED NUMBER: 05861219)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Vans For Bands 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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

Revenue for the provision of services is recognised when it is probable that an economic benefit will flow to the entity and the Revenue costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a under a finance lease, over the lease term, whichever is shorter.

Improvements to Property - 10% on cost
Plant & Equipment - 20% reducing balance
Motor Vehicles - various rates
Office Equipment - 20% 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 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.


VANS FOR BANDS LIMITED (REGISTERED NUMBER: 05861219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase
Assets obtained under hire purchase contracts are capitalised in the balance sheet and depreciated over their estimated useful lives.

The interest element of these obligations are charged to the profit and loss account over the relevant period. The capital element is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 32 ) .

VANS FOR BANDS LIMITED (REGISTERED NUMBER: 05861219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Plant & Motor Office
Property Equipment Vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 162,900 193,129 4,575,850 20,983 4,952,862
Additions 76,395 33,940 537,191 - 647,526
Disposals - - (28,442 ) - (28,442 )
At 30 June 2024 239,295 227,069 5,084,599 20,983 5,571,946
DEPRECIATION
At 1 July 2023 41,178 86,272 1,653,935 20,334 1,801,719
Charge for year 6,933 9,172 391,496 130 407,731
Eliminated on disposal - - (9,056 ) - (9,056 )
At 30 June 2024 48,111 95,444 2,036,375 20,464 2,200,394
NET BOOK VALUE
At 30 June 2024 191,184 131,625 3,048,224 519 3,371,552
At 30 June 2023 121,722 106,857 2,921,915 649 3,151,143

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant & Motor
Equipment Vehicles Totals
£    £    £   
COST
At 1 July 2023 24,300 1,819,230 1,843,530
Additions - 384,128 384,128
Transfer to ownership - (161,282 ) (161,282 )
At 30 June 2024 24,300 2,042,076 2,066,376
DEPRECIATION
At 1 July 2023 4,860 366,773 371,633
Charge for year 4,455 219,005 223,460
Transfer to ownership - (125,714 ) (125,714 )
At 30 June 2024 9,315 460,064 469,379
NET BOOK VALUE
At 30 June 2024 14,985 1,582,012 1,596,997
At 30 June 2023 19,440 1,452,457 1,471,897

VANS FOR BANDS LIMITED (REGISTERED NUMBER: 05861219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,806,966 1,481,808
Other debtors 3,279 5,251
VAT 26,289 38,246
Prepayments 6,686 24,877
1,843,220 1,550,182

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 326,498 307,279
Hire purchase contracts 336,811 298,014
Trade creditors 237,573 156,052
Social security and other taxes 35,797 35,845
Other creditors 40,651 32,500
Directors' current account 353,281 394,864
Accruals and deferred income 2,257,606 1,777,075
3,588,217 3,001,629

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - >1 years 227,031 553,529
Hire purchase contracts 711,219 784,307
938,250 1,337,836

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 1,048,030 1,082,321

The bank overdraft is secured by way of a personal guarantee by the Directors of the Company in addition to a fixed equitable charge over all present and future freehold and leasehold property, first fixed charge over book and other debts, chattels, goodwill and uncalled capital both present and future of Vans for Bands Limited.

Hire purchase contracts are secured against the assets they relate to.

VANS FOR BANDS LIMITED (REGISTERED NUMBER: 05861219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 318,756 366,036

Deferred
tax
£   
Balance at 1 July 2023 366,036
Provided during year (47,280 )
Balance at 30 June 2024 318,756

10. CALLED UP SHARE CAPITAL

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

75,001 A Ordinary £0.01 750 750
75,001 B Ordinary £0.01 750 750
16,760 C Ordinary £0.01 168 168
838 D Ordinary £0.01 8 8
---------- ----------
1,676 1,676
===== =====


11. RELATED PARTY DISCLOSURES

The balance on the directors' current accounts, due by the company, was £353,281 as at 30 June 2024 (2023: £394,864).

The loan from T D Anderson amounted to £87,929 (2023: £88,930).T D Anderson's current account is interest free with no fixed repayment date.

The loan from B M Anderson amounted to £232,328 (2023: £272,939). B M Anderson's current account has no fixed repayment date.

The loan from E J A Thomson amounted to £33,024 (2023: £32,994). E J A Thomson's current account is interest free with no fixed repayment date.

The directors have provided security for the bank overdraft by way of personal guarantee up to £75,000.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
VANS FOR BANDS 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 Vans For Bands Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Vans For Bands 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 Vans For Bands Limited and state those matters that we have agreed to state to the Board of Directors of Vans For Bands Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Vans For Bands 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 Vans For Bands Limited. You consider that Vans For Bands 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 Vans For Bands 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.






Astral Accountancy Services Limited
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT


19 March 2025