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REGISTERED NUMBER: 11010532 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Vescor Limited

Vescor Limited (Registered number: 11010532)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Vescor Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: S Gleave
A C Carter





SECRETARY:





REGISTERED OFFICE: Unit 3
Walgrave Lodge Farm
Newland Road
Walgrave
Northamptonshire
NN6 9PZ





REGISTERED NUMBER: 11010532 (England and Wales)





ACCOUNTANTS: Willow Edge Accountancy & Taxation Limited
Willow Edge
Daventry Road
Barby
Rugby
Warwickshire
CV23 8TG

Vescor Limited (Registered number: 11010532)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 43,553 58,055

CURRENT ASSETS
Debtors 5 248,058 51,325
Cash at bank and in hand 28,258 60,473
276,316 111,798
CREDITORS
Amounts falling due within one year 6 204,417 75,871
NET CURRENT ASSETS 71,899 35,927
TOTAL ASSETS LESS CURRENT LIABILITIES 115,452 93,982

CREDITORS
Amounts falling due after more than one year 7 (39,434 ) (55,827 )

PROVISIONS FOR LIABILITIES (10,553 ) -
NET ASSETS 65,465 38,155

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 65,365 38,055
SHAREHOLDERS' FUNDS 65,465 38,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 23 May 2025 and were signed on its behalf by:





S Gleave - Director


Vescor Limited (Registered number: 11010532)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Vescor 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.

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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services.

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on cost and 20% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Vescor Limited (Registered number: 11010532)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 85,836
Additions 7,051
At 30 September 2024 92,887
DEPRECIATION
At 1 October 2023 27,781
Charge for year 21,553
At 30 September 2024 49,334
NET BOOK VALUE
At 30 September 2024 43,553
At 30 September 2023 58,055

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 58,744
DEPRECIATION
At 1 October 2023 14,686
Charge for year 14,686
At 30 September 2024 29,372
NET BOOK VALUE
At 30 September 2024 29,372
At 30 September 2023 44,058

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 221,041 45,514
Other debtors 27,017 5,811
248,058 51,325

Vescor Limited (Registered number: 11010532)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 5,659 5,519
Hire purchase contracts (see note 8) 10,735 10,042
Trade creditors 46,946 17,122
Taxation and social security 113,365 33,079
Other creditors 27,712 10,109
204,417 75,871

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 4,825 10,484
Hire purchase contracts (see note 8) 34,609 45,343
39,434 55,827

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.9.24 30.9.23
£    £   
Net obligations repayable:
Within one year 10,735 10,042
Between one and five years 34,609 45,343
45,344 55,385

Non-cancellable operating leases
30.9.24 30.9.23
£    £   
Within one year 33,545 31,870
Between one and five years 11,087 33,432
44,632 65,302