Vanverso Conversions Limited 15112809 false 2023-09-04 2024-09-30 2024-09-30 The principal activity of the company is that of camper van conversion. Digita Accounts Production Advanced 6.30.9574.0 true true 15112809 2023-09-04 2024-09-30 15112809 2024-09-30 15112809 bus:Director1 1 2024-09-30 15112809 bus:Director2 1 2024-09-30 15112809 bus:Director3 1 2024-09-30 15112809 bus:OrdinaryShareClass1 2024-09-30 15112809 bus:OrdinaryShareClass2 2024-09-30 15112809 core:RetainedEarningsAccumulatedLosses 2024-09-30 15112809 core:ShareCapital 2024-09-30 15112809 core:CurrentFinancialInstruments 2024-09-30 15112809 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 15112809 bus:SmallEntities 2023-09-04 2024-09-30 15112809 bus:AuditExemptWithAccountantsReport 2023-09-04 2024-09-30 15112809 bus:FilletedAccounts 2023-09-04 2024-09-30 15112809 bus:SmallCompaniesRegimeForAccounts 2023-09-04 2024-09-30 15112809 bus:RegisteredOffice 2023-09-04 2024-09-30 15112809 bus:Director1 2023-09-04 2024-09-30 15112809 bus:Director1 1 2023-09-04 2024-09-30 15112809 bus:Director2 2023-09-04 2024-09-30 15112809 bus:Director2 1 2023-09-04 2024-09-30 15112809 bus:Director3 2023-09-04 2024-09-30 15112809 bus:Director3 1 2023-09-04 2024-09-30 15112809 bus:OrdinaryShareClass1 2023-09-04 2024-09-30 15112809 bus:OrdinaryShareClass2 2023-09-04 2024-09-30 15112809 bus:PrivateLimitedCompanyLtd 2023-09-04 2024-09-30 15112809 bus:Agent1 2023-09-04 2024-09-30 15112809 core:OtherRelatedParties 2023-09-04 2024-09-30 15112809 countries:EnglandWales 2023-09-04 2024-09-30 15112809 bus:Director1 1 2023-09-03 15112809 bus:Director2 1 2023-09-03 15112809 bus:Director3 1 2023-09-03 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 15112809

Vanverso Conversions Limited

Unaudited Filleted Financial Statements

for the Period from 4 September 2023 to 30 September 2024

 

Vanverso Conversions Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Vanverso Conversions Limited

Company Information

Directors

Mr M J Quinn

Mr M E Newham-Wnuk

Mrs F J Quinn

Registered office

Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

Accountants

MMO Limited
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Vanverso Conversions Limited
for the Period Ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Vanverso Conversions Limited for the period ended 30 September 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Vanverso Conversions Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Vanverso Conversions Limited and state those matters that we have agreed to state to the Board of Directors of Vanverso Conversions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vanverso Conversions Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Vanverso Conversions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Vanverso Conversions Limited. You consider that Vanverso Conversions Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Vanverso Conversions 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 accounts.

......................................

MMO Limited
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

25 April 2025

 

Vanverso Conversions Limited

(Registration number: 15112809)
Balance Sheet as at 30 September 2024

Note

2024
£

Current assets

 

Stocks

4

38,668

Debtors

5

6,935

Cash at bank and in hand

 

2,508

 

48,111

Creditors: Amounts falling due within one year

6

(40,421)

Net assets

 

7,690

Capital and reserves

 

Called up share capital

7

3

Retained earnings

7,687

Shareholders' funds

 

7,690

 

Vanverso Conversions Limited

(Registration number: 15112809)
Balance Sheet as at 30 September 2024

For the financial period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 April 2025 and signed on its behalf by:
 

.........................................
Mr M J Quinn
Director

.........................................
Mr M E Newham-Wnuk
Director

 

Vanverso Conversions Limited

Notes to the Unaudited Financial Statements for the Period from 4 September 2023 to 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN
England

These financial statements were authorised for issue by the Board on 24 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

All figures are presented in British Sterling, which is the functional currency of the company, and are rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Vanverso Conversions Limited

Notes to the Unaudited Financial Statements for the Period from 4 September 2023 to 30 September 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Vanverso Conversions Limited

Notes to the Unaudited Financial Statements for the Period from 4 September 2023 to 30 September 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

4

Stocks

2024
£

Other inventories

38,668

5

Debtors

Current

2024
£

Other debtors

6,935

 

6,935

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

2,500

Taxation and social security

 

1,804

Accruals and deferred income

 

2,100

Other creditors

 

34,017

 

40,421

 

Vanverso Conversions Limited

Notes to the Unaudited Financial Statements for the Period from 4 September 2023 to 30 September 2024

7

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary shares of £1 each

2

2

Ordinary B shares of £1 each

1

1

3

3

8

Related party transactions

Transactions with directors

2024

At 4 September 2023
£

Other payments made to company by director
£

At 30 September 2024
£

Mr M J Quinn

The directors loan account balance is undated, unsecured, interest free and repayable on demand.

-

(14,673)

(14,673)

Mr M E Newham-Wnuk

The directors loan account balance is undated, unsecured, interest free and repayable on demand.

-

(9,672)

(9,672)

Mrs F J Quinn

The directors loan account balance is undated, unsecured, interest free and repayable on demand.

-

(9,672)

(9,672)

Summary of transactions with other related parties

IBM Autos Limited
 Included within creditors is an amount owed to IBM Autos Limited of £2,500 which is another company that M Newham-Wnuk is a director and shareholder of. This amount is undated, unsecured, interest free and repayable on demand.