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REGISTERED NUMBER: 09030066 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

VEIMAX LIMITED

VEIMAX LIMITED (REGISTERED NUMBER: 09030066)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


VEIMAX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr G A Oldfield
Mrs A M Oldfield



REGISTERED OFFICE: The Tower
Daltongate Business Centre
Ulverston
Cumbria
LA12 7AJ



REGISTERED NUMBER: 09030066 (England and Wales)



BANKERS: Barclays Bank plc
Kingston Business Centre
Leicestershire
LE87 2BB

VEIMAX LIMITED (REGISTERED NUMBER: 09030066)

ABRIDGED BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,420 2,131
Investments 5 388,838 510,678
390,258 512,809

CURRENT ASSETS
Debtors 600,691 176,996
Cash at bank 359,917 664,568
960,608 841,564
CREDITORS
Amounts falling due within one year 31,818 71,590
NET CURRENT ASSETS 928,790 769,974
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,319,048

1,282,783

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 1,319,046 1,282,781
SHAREHOLDERS' FUNDS 1,319,048 1,282,783

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.

VEIMAX LIMITED (REGISTERED NUMBER: 09030066)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





Mrs A M Oldfield - Director


VEIMAX LIMITED (REGISTERED NUMBER: 09030066)

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

1. STATUTORY INFORMATION

Veimax 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of services, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Basic financial instruments
A financial asset held as an equity instrument is initially at the transaction price (including transaction costs).

At the end of each reporting period, unlisted equity investments are recorded at fair value where appropriate, or at cost less impairment if their fair value cannot be reliably measured. Objective evidence of the impairment of financial assets is assessed at each period end and any impairment loss recognised in the profit or loss immediately. Impairment loss is calculated as the difference between the carrying amount of the instrument and the best estimate of the cash flows expected to be derived from the asset (including sale proceeds if sold) at the balance sheet date.

Investment income is recognised in the financial statements when the company becomes entitled to its share of profits from the financial instrument.

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.

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 2 (2023 - 2 ) .

VEIMAX LIMITED (REGISTERED NUMBER: 09030066)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 6,351
DEPRECIATION
At 1 July 2023 4,220
Charge for year 711
At 30 June 2024 4,931
NET BOOK VALUE
At 30 June 2024 1,420
At 30 June 2023 2,131

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 July 2023 510,678
Disposals (121,840 )
At 30 June 2024 388,838
NET BOOK VALUE
At 30 June 2024 388,838
At 30 June 2023 510,678

Cost or valuation at 30 June 2024 is represented by:
Totals
£   
Valuation in 2024 388,838

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
2 Ordinary £1 2 2

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is is Mr and Mrs G A Oldfield.