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REGISTERED NUMBER: 02862280 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Vickers Business Systems Limited

Vickers Business Systems Limited (Registered number: 02862280)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Vickers Business Systems Limited

Company Information
for the year ended 31 December 2024







DIRECTORS: M McGarry
D Ravey
L Wilson





SECRETARY: M McGarry





REGISTERED OFFICE: Unit 3F
Stag Industrial Estate
Atlantic Street
Altrincham
Cheshire
WA14 5DW





REGISTERED NUMBER: 02862280 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co. Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

Vickers Business Systems Limited (Registered number: 02862280)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £ £
FIXED ASSETS
Tangible assets 4 231,426 75,399

CURRENT ASSETS
Stocks 463,860 390,729
Debtors 5 349,431 302,030
Investments 6 4,829 4,003
Cash at bank 3,305,602 4,367,010
4,123,722 5,063,772
CREDITORS
Amounts falling due within one year 7 (2,488,667 ) (3,336,156 )
NET CURRENT ASSETS 1,635,055 1,727,616
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,866,481

1,803,015

PROVISIONS FOR LIABILITIES (19,206 ) (18,849 )
NET ASSETS 1,847,275 1,784,166

CAPITAL AND RESERVES
Called up share capital 8 3,000 3,000
Retained earnings 1,844,275 1,781,166
SHAREHOLDERS' FUNDS 1,847,275 1,784,166

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 21 May 2025 and were signed on its behalf by:





D Ravey - Director


Vickers Business Systems Limited (Registered number: 02862280)

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

1. STATUTORY INFORMATION

Vickers Business Systems 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 represents net invoiced sales of goods once the risks and rewards of ownership have been transferred and net invoiced sales of services over the contract term on a straight line basis. All sales are excluding value added tax.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery - 20% reducing balance
Fixtures and fittings - 20% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 the Income Statement in the period which they relate.

Operating leases
Annual rentals under operating leases are charged to the Income Statement as incurred.

Vickers Business Systems Limited (Registered number: 02862280)

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

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Distributions to equity holders
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement.

Share capital
Ordinary, Ordinary A, Ordinary B, Ordinary C, Ordinary D, Ordinary E and Ordinary F shares are classed as equity.

Investments
Investments are recognised initially at cost which is normally the transaction price excluding transaction costs. Subsequently, they are measured to fair value with movements being taken to the Income Statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2024 161,071
Additions 188,540
Disposals (26,736 )
At 31 December 2024 322,875
DEPRECIATION
At 1 January 2024 85,672
Charge for year 32,513
Eliminated on disposal (26,736 )
At 31 December 2024 91,449
NET BOOK VALUE
At 31 December 2024 231,426
At 31 December 2023 75,399

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Trade debtors 342,293 294,999
Other debtors 7,138 7,031
349,431 302,030

6. CURRENT ASSET INVESTMENTS

The listed investments are shown at fair value at the year end of £4,829 (2023: £4,003).

Vickers Business Systems Limited (Registered number: 02862280)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Trade creditors 376,052 272,602
Taxation and social security 362,898 364,295
Other creditors 1,749,717 2,699,259
2,488,667 3,336,156

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £ £
400 Ordinary £1 400 400
2,050 Ordinary A £1 2,050 2,050
100 Ordinary B £1 100 100
100 Ordinary C £1 100 100
100 Ordinary D £1 100 100
100 Ordinary E £1 100 100
150 Ordinary F £1 150 150
3,000 3,000

9. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company has non cancellable operating lease commitments totalling £74,881 (2023: £100,042).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the directors are owed £1,489,921 (2023: £2,286,287) in aggregation, which is repayable on demand and attracts no interest.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Vickers Business Systems Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Vickers Business Systems Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Vickers Business Systems Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Vickers Business Systems Limited. You consider that Vickers Business Systems Limited 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 financial statements of Vickers Business Systems 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 financial statements.






Bennett Brooks & Co. Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE


21 May 2025