IRIS Accounts Production v25.1.3.33 04928815 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 Ordinary D 1.00000 110462 143544 14957 87218 25000 120300 100419 110462 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049288152023-10-31049288152024-10-31049288152023-11-012024-10-31049288152022-10-31049288152022-11-012023-10-31049288152023-10-3104928815ns15:EnglandWales2023-11-012024-10-3104928815ns14:PoundSterling2023-11-012024-10-3104928815ns10:Director12023-11-012024-10-3104928815ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3104928815ns10:SmallEntities2023-11-012024-10-3104928815ns10:AuditExemptWithAccountantsReport2023-11-012024-10-3104928815ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3104928815ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3104928815ns10:FullAccounts2023-11-012024-10-3104928815ns10:OrdinaryShareClass22023-11-012024-10-3104928815ns10:OrdinaryShareClass32023-11-012024-10-3104928815ns10:OrdinaryShareClass42023-11-012024-10-3104928815ns10:OrdinaryShareClass52023-11-012024-10-3104928815ns10:Director1412023-10-3104928815ns10:Director1412022-10-3104928815ns10:Director1412023-11-012024-10-3104928815ns10:Director1412022-11-012023-10-3104928815ns10:Director1412024-10-3104928815ns10:Director1412023-10-3104928815ns10:Director22023-11-012024-10-3104928815ns10:CompanySecretary12023-11-012024-10-3104928815ns10:RegisteredOffice2023-11-012024-10-3104928815ns5:CurrentFinancialInstruments2024-10-3104928815ns5:CurrentFinancialInstruments2023-10-3104928815ns5:Non-currentFinancialInstruments2024-10-3104928815ns5:Non-currentFinancialInstruments2023-10-3104928815ns5:ShareCapital2024-10-3104928815ns5:ShareCapital2023-10-3104928815ns5:RetainedEarningsAccumulatedLosses2024-10-3104928815ns5:RetainedEarningsAccumulatedLosses2023-10-3104928815ns5:LeaseholdImprovements2023-11-012024-10-3104928815ns5:PlantMachinery2023-11-012024-10-3104928815ns5:FurnitureFittings2023-11-012024-10-3104928815ns5:MotorVehicles2023-11-012024-10-3104928815ns5:ComputerEquipment2023-11-012024-10-3104928815ns5:LeaseholdImprovements2023-10-3104928815ns5:PlantMachinery2023-10-3104928815ns5:FurnitureFittings2023-10-3104928815ns5:LeaseholdImprovements2024-10-3104928815ns5:PlantMachinery2024-10-3104928815ns5:FurnitureFittings2024-10-3104928815ns5:LeaseholdImprovements2023-10-3104928815ns5:PlantMachinery2023-10-3104928815ns5:FurnitureFittings2023-10-3104928815ns5:MotorVehicles2023-10-3104928815ns5:ComputerEquipment2023-10-3104928815ns5:MotorVehicles2024-10-3104928815ns5:ComputerEquipment2024-10-3104928815ns5:MotorVehicles2023-10-3104928815ns5:ComputerEquipment2023-10-3104928815ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-3104928815ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-10-3104928815ns5:LeasedAssetsHeldAsLessee2023-10-3104928815ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-11-012024-10-3104928815ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-11-012024-10-3104928815ns5:LeasedAssetsHeldAsLessee2023-11-012024-10-3104928815ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-10-3104928815ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-10-3104928815ns5:LeasedAssetsHeldAsLessee2024-10-3104928815ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-3104928815ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-10-3104928815ns5:LeasedAssetsHeldAsLessee2023-10-3104928815ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3104928815ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3104928815ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-10-3104928815ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-10-3104928815ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-10-3104928815ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-10-3104928815ns5:HirePurchaseContracts2024-10-3104928815ns5:HirePurchaseContracts2023-10-3104928815ns5:WithinOneYear2024-10-3104928815ns5:WithinOneYear2023-10-3104928815ns5:BetweenOneFiveYears2024-10-3104928815ns5:BetweenOneFiveYears2023-10-3104928815ns5:AllPeriods2024-10-3104928815ns5:AllPeriods2023-10-3104928815ns5:Secured2024-10-3104928815ns5:Secured2023-10-3104928815ns10:OrdinaryShareClass22024-10-3104928815ns10:OrdinaryShareClass32024-10-3104928815ns10:OrdinaryShareClass42024-10-3104928815ns10:OrdinaryShareClass52024-10-3104928815ns10:Director222023-10-3104928815ns10:Director222022-10-3104928815ns10:Director222023-11-012024-10-3104928815ns10:Director222022-11-012023-10-3104928815ns10:Director222024-10-3104928815ns10:Director222023-10-31
REGISTERED NUMBER: 04928815 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Varlowe Industrial Services Limited

Varlowe Industrial Services Limited (Registered number: 04928815)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

Varlowe Industrial Services Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: S M Varden
Mrs R Varden





SECRETARY: Mrs R Varden





REGISTERED OFFICE: Patrick Gregory Road
Wednesfield
West Midlands
WV11 3DU





REGISTERED NUMBER: 04928815 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Varlowe Industrial Services Limited (Registered number: 04928815)

Balance Sheet
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,539,268 1,659,516

CURRENT ASSETS
Stocks 50,000 48,900
Debtors 5 1,910,896 1,359,751
Cash at bank 124,944 92,805
2,085,840 1,501,456
CREDITORS
Amounts falling due within one year 6 (1,569,271 ) (927,154 )
NET CURRENT ASSETS 516,569 574,302
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,055,837

2,233,818

CREDITORS
Amounts falling due after more than one
year

7

(822,261

)

(963,993

)

PROVISIONS FOR LIABILITIES (270,000 ) (272,000 )
NET ASSETS 963,576 997,825

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 963,476 997,725
SHAREHOLDERS' FUNDS 963,576 997,825

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

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

Varlowe Industrial Services Limited (Registered number: 04928815)

Balance Sheet - continued
31 October 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by:





Mrs R Varden - Director


Varlowe Industrial Services Limited (Registered number: 04928815)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Varlowe Industrial Services 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - See below
Plant and machinery - 20% on reducing balance and 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Website development - 25% on reducing balance

Leasehold property improvements are amortised over 5 years.

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 Profit and Loss Account, 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.

Varlowe Industrial Services Limited (Registered number: 04928815)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 29 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 November 2023 400,085 819,363 263,390
Additions 29,625 2,850 17,684
Disposals - - -
At 31 October 2024 429,710 822,213 281,074
DEPRECIATION
At 1 November 2023 295,104 240,343 187,651
Charge for year 9,901 87,125 17,100
Eliminated on disposal - - -
At 31 October 2024 305,005 327,468 204,751
NET BOOK VALUE
At 31 October 2024 124,705 494,745 76,323
At 31 October 2023 104,981 579,020 75,739

Varlowe Industrial Services Limited (Registered number: 04928815)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Website
vehicles development Totals
£    £    £   
COST
At 1 November 2023 1,376,955 11,679 2,871,472
Additions 260,623 - 310,782
Disposals (72,145 ) - (72,145 )
At 31 October 2024 1,565,433 11,679 3,110,109
DEPRECIATION
At 1 November 2023 477,828 11,030 1,211,956
Charge for year 249,106 162 363,394
Eliminated on disposal (4,509 ) - (4,509 )
At 31 October 2024 722,425 11,192 1,570,841
NET BOOK VALUE
At 31 October 2024 843,008 487 1,539,268
At 31 October 2023 899,127 649 1,659,516

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2023 429,400 1,073,459 1,502,859
Additions - 260,623 260,623
Disposals - (72,145 ) (72,145 )
Transfer to ownership - (71,861 ) (71,861 )
At 31 October 2024 429,400 1,190,076 1,619,476
DEPRECIATION
At 1 November 2023 92,985 277,598 370,583
Charge for year 50,462 215,321 265,783
Eliminated on disposal - (4,509 ) (4,509 )
Transfer to ownership - (42,495 ) (42,495 )
At 31 October 2024 143,447 445,915 589,362
NET BOOK VALUE
At 31 October 2024 285,953 744,161 1,030,114
At 31 October 2023 336,415 795,861 1,132,276

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,750,901 1,135,132
Other debtors 159,995 224,619
1,910,896 1,359,751

Varlowe Industrial Services Limited (Registered number: 04928815)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 60,000 60,000
Hire purchase contracts (see note 8) 257,407 266,599
Trade creditors 593,316 388,863
Taxation and social security 450,112 197,501
Other creditors 208,436 14,191
1,569,271 927,154

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 60,000 120,000
Hire purchase contracts (see note 8) 762,261 843,993
822,261 963,993

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 257,407 266,599
Between one and five years 762,261 843,993
1,019,668 1,110,592

Non-cancellable operating leases
2024 2023
£    £   
Within one year 21,000 96,768
Between one and five years - 57,176
21,000 153,944

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 120,000 180,000

The bank borrowings are secured by a debenture issued in favour of Lloyds TSB Bank plc dated 9 September 2011 over all assets of the company.

Varlowe Industrial Services Limited (Registered number: 04928815)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
45 Ordinary A £1 45 45
45 Ordinary B £1 45 45
5 Ordinary C £1 5 5
5 Ordinary D £1 5 5
100 100

The ordinary A shares, ordinary B shares, ordinary C shares and ordinary D shares are separate classes of shares for the purpose of declaring dividends.

In all other respects, the shares rank pari passu.

11. OTHER FINANCIAL COMMITMENTS

As at 31 October 2024, there were outstanding pension contributions of £7,086 (2023 - £3,341).

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
S M Varden and Mrs R Varden
Balance outstanding at start of year 110,462 143,544
Amounts advanced 14,957 87,218
Amounts repaid (25,000 ) (120,300 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 100,419 110,462

13. RELATED PARTY DISCLOSURES

S M Varden & R Varden

Directors of the company


The directors received rent from the company amounting to £126,000 (2023 - £108,500).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Varlowe Industrial Services 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 Varlowe Industrial Services Limited for the year ended 31 October 2024 which comprise the Profit and Loss Account, 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 Varlowe Industrial Services 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 Varlowe Industrial Services Limited and state those matters that we have agreed to state to the Board of Directors of Varlowe Industrial Services 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 Varlowe Industrial Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Varlowe Industrial Services 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 Varlowe Industrial Services Limited. You consider that Varlowe Industrial Services 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 Varlowe Industrial Services 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.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


16 May 2025