Company Registration No. 12411733 (England and Wales)
VAW SOLUTIONS LTD
Unaudited accounts
for the year ended 31 January 2025
VAW SOLUTIONS LTD
Unaudited accounts
Contents
VAW SOLUTIONS LTD
Company Information
for the year ended 31 January 2025
Directors
Wayne David Allen
VIcki Jane Hillier
Company Number
12411733 (England and Wales)
Registered Office
3 EAGLE LANE
WATCHFIELD
SWINDON
SN6 8TF
ENGLAND
Accountants
J JENKIN & ASSOCIATES LIMITED
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
VAW SOLUTIONS LTD
Accountants' report
Accountants' report to the board of directors of VAW SOLUTIONS LTD on the preparation of the unaudited statutory accounts for the year ended 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
VAW SOLUTIONS LTD for the year ended
31 January 2025 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of VAW SOLUTIONS LTD, as a body, in accordance with the terms of our engagement letter dated 5 January 2020. Our work has been undertaken solely to prepare for your approval the accounts of VAW SOLUTIONS LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than VAW SOLUTIONS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that VAW SOLUTIONS LTD 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 VAW SOLUTIONS LTD. You consider that VAW SOLUTIONS LTD 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 accounts of VAW SOLUTIONS LTD. 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.
J JENKIN & ASSOCIATES LIMITED
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
22 April 2025
VAW SOLUTIONS LTD
Statement of financial position
as at 31 January 2025
Investment property
650,000
567,260
Cash at bank and in hand
1,673
2,659
Creditors: amounts falling due within one year
(951)
(19,295)
Net current assets/(liabilities)
1,349
(16,458)
Total assets less current liabilities
651,361
550,994
Creditors: amounts falling due after more than one year
(601,434)
(568,182)
Provisions for liabilities
Net assets/(liabilities)
29,242
(17,188)
Called up share capital
2
2
Revaluation reserve
62,055
-
Profit and loss account
(32,815)
(17,190)
Shareholders' funds
29,242
(17,188)
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2024 and were signed on its behalf by
Wayne David Allen
Director
Company Registration No. 12411733
VAW SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 January 2025
VAW SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 12411733. The registered office is 3 EAGLE LANE, WATCHFIELD, SWINDON, SN6 8TF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
VAW SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 January 2025
4
Tangible fixed assets
Computer equipment
Fair value at 1 February 2024
567,260
Net gain from fair value adjustments
82,740
At 31 January 2025
650,000
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
673
18,132
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
379,813
362,353
Loans from directors
221,621
205,829
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).