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REGISTERED NUMBER: 07560756 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

VICKERS DECORATORS LIMITED

VICKERS DECORATORS LIMITED (REGISTERED NUMBER: 07560756)

Contents of the Financial Statements
for the year ended 31 August 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


VICKERS DECORATORS LIMITED

Company Information
for the year ended 31 August 2024







Director: Mr A Vickers





Registered office: 21 Shardeloes Road
Skegness
Lincolnshire
PE25 3AA





Registered number: 07560756 (England and Wales)





Accountants: Haines Watts
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

VICKERS DECORATORS LIMITED (REGISTERED NUMBER: 07560756)

Statement of Financial Position
31 August 2024

2024 2023
Notes £ £ £
Fixed assets
Tangible assets 4 2,805 3,481

Current assets
Stocks 5 38,460 9,324
Debtors 6 80,847 83,074
Cash at bank and in hand 20,545 32,278
139,852 124,676
Creditors
Amounts falling due within one year 7 70,188 80,076
Net current assets 69,664 44,600
Total assets less current liabilities 72,469 48,081

Creditors
Amounts falling due after more than one year 8 (7,194 ) (17,194 )

Provisions for liabilities (533 ) (675 )
Net assets 64,742 30,212

Capital and reserves
Called up share capital 10 1,000 1,000
Retained earnings 11 63,742 29,212
Shareholders' funds 64,742 30,212

VICKERS DECORATORS LIMITED (REGISTERED NUMBER: 07560756)

Statement of Financial Position - continued
31 August 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 21 May 2025 and were signed by:





Mr A Vickers - Director


VICKERS DECORATORS LIMITED (REGISTERED NUMBER: 07560756)

Notes to the Financial Statements
for the year ended 31 August 2024


1. Statutory information

Vickers Decorators 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.

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.
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Employees and directors

The average number of employees during the year was 7 (2023 - 6 ) .

VICKERS DECORATORS LIMITED (REGISTERED NUMBER: 07560756)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


4. Tangible fixed assets
Motor Computer
vehicles equipment Totals
£ £ £
Cost
At 1 September 2023
and 31 August 2024 16,370 2,546 18,916
Depreciation
At 1 September 2023 13,795 1,640 15,435
Charge for year 515 161 676
At 31 August 2024 14,310 1,801 16,111
Net book value
At 31 August 2024 2,060 745 2,805
At 31 August 2023 2,575 906 3,481

5. Stocks
2024 2023
£ £
Work-in-progress 38,460 9,324

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors - 2,227
Loan Vickers Building &
Interiors Limited 80,847 80,847
80,847 83,074

7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 9,472 27,745
Corporation tax 12,231 9,963
Social security and other taxes 1,694 1,694
VAT 11,154 5,037
Other creditors 25,182 25,182
Directors' current accounts 455 455
70,188 80,076

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans - 2-5 years 7,194 17,194

VICKERS DECORATORS LIMITED (REGISTERED NUMBER: 07560756)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


9. Secured debts

The following secured debts are included within creditors:

2024 2023
£ £

The hire purchase liability is secured on the asset financed.

10. Called up share capital

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £ £
1 Share capital £1 1,000 1,000

11. Reserves
Retained
earnings
£

At 1 September 2023 29,212
Profit for the year 47,760
Dividends (13,230 )
At 31 August 2024 63,742

12. Ultimate controlling party

The controlling party is Mr A Vickers.