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REGISTERED NUMBER: 12038291 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Varamis Ltd

Varamis Ltd (Registered number: 12038291)






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


Varamis Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: P D Read
T L Livingstone
A P Lowery
H J P Stewart





REGISTERED OFFICE: Room 103b Denison House
Hexthorpe Road
Doncaster
South Yorkshire
DN4 0BF





REGISTERED NUMBER: 12038291 (England and Wales)





ACCOUNTANTS: EBA
Ground Floor
Rear Barn
The Brookdale Centre
Knutsford
Cheshire
WA16 0SR

Varamis Ltd (Registered number: 12038291)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,255,238 25,726

CURRENT ASSETS
Debtors 5 357,267 142,924
Cash at bank 69,077 49,613
426,344 192,537
CREDITORS
Amounts falling due within one year 6 736,596 198,319
NET CURRENT LIABILITIES (310,252 ) (5,782 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

944,986

19,944

CREDITORS
Amounts falling due after more than one
year

7

568,018

41,103
NET ASSETS/(LIABILITIES) 376,968 (21,159 )

CAPITAL AND RESERVES
Called up share capital 1,702 1,315
Share premium 1,672,301 -
Retained earnings (1,297,035 ) (22,474 )
376,968 (21,159 )

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.

Varamis Ltd (Registered number: 12038291)

Balance Sheet - continued
30 June 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 18 March 2025 and were signed on its behalf by:





P D Read - Director


Varamis Ltd (Registered number: 12038291)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Varamis 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.

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.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on cost, 20% on cost and 10% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 20 (2023 - 5 ) .

Varamis Ltd (Registered number: 12038291)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 July 2023 16,250 28,146 44,396
Additions - 1,301,327 1,301,327
At 30 June 2024 16,250 1,329,473 1,345,723
DEPRECIATION
At 1 July 2023 4,875 13,795 18,670
Charge for year 1,625 70,190 71,815
At 30 June 2024 6,500 83,985 90,485
NET BOOK VALUE
At 30 June 2024 9,750 1,245,488 1,255,238
At 30 June 2023 11,375 14,351 25,726

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£ £
Trade debtors 35,593 55,500
Other debtors 321,674 87,424
357,267 142,924

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£ £
Bank loans and overdrafts 157,320 6,000
Trade creditors 261,978 112,299
Taxation and social security 43,855 3,279
Other creditors 273,443 76,741
736,596 198,319

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£ £
Bank loans 186,006 41,103
Trade creditors 382,012 -
568,018 41,103

Varamis Ltd (Registered number: 12038291)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£ £
P D Read
Balance outstanding at start of year - -
Amounts advanced 33,778 -
Amounts repaid (28,382 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,396 -

9. ULTIMATE CONTROLLING PARTY

The controlling party is P D Read.