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REGISTERED NUMBER: 09868640 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Vardens Contracts Limited

Vardens Contracts Limited (Registered number: 09868640)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Vardens Contracts Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: M G Varden
D Varden





REGISTERED OFFICE: First Floor
7 Marina Court
Maple Drive
Hinckley
LE10 3BF





REGISTERED NUMBER: 09868640 (England and Wales)





ACCOUNTANTS: Gopsall Services Limited
First Floor
7 Marina Court
Maple Drive
Hinckley
LE10 3BF

Vardens Contracts Limited (Registered number: 09868640)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 165,351 180,326

CURRENT ASSETS
Stocks - 19,947
Debtors 5 1,087,537 911,813
Cash at bank 30,066 48,267
1,117,603 980,027
CREDITORS
Amounts falling due within one year 6 389,464 226,457
NET CURRENT ASSETS 728,139 753,570
TOTAL ASSETS LESS CURRENT
LIABILITIES

893,490

933,896

PROVISIONS FOR LIABILITIES 34,178 36,856
NET ASSETS 859,312 897,040

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 859,212 896,940
SHAREHOLDERS' FUNDS 859,312 897,040

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 7 July 2025 and were signed on its behalf by:





D Varden - Director


Vardens Contracts Limited (Registered number: 09868640)

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

1. STATUTORY INFORMATION

Vardens Contracts 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Plant and machinery etc - 33% on cost, 25% on reducing balance, 20% on reducing balance and 10% 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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Vardens Contracts Limited (Registered number: 09868640)

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

2. ACCOUNTING POLICIES - continued

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.

Government grants
Government grants have been accounted for under the accrual model. The grants, which relate to revenue, are recognised as income in the same period as the expenses for which they compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 89 (2023 - 94 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 318,351
Additions 30,468
At 30 November 2024 348,819
DEPRECIATION
At 1 December 2023 138,025
Charge for year 45,443
At 30 November 2024 183,468
NET BOOK VALUE
At 30 November 2024 165,351
At 30 November 2023 180,326

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

Plant and
machinery
etc
£   
COST
At 1 December 2023 16,250
Transfer to ownership (16,250 )
At 30 November 2024 -
DEPRECIATION
At 1 December 2023 9,395
Transfer to ownership (9,395 )
At 30 November 2024 -
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 6,855

Vardens Contracts Limited (Registered number: 09868640)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 377,737 321,053
Amounts owed by group undertakings 658,586 559,038
Amounts recoverable on contract 48,183 -
Other debtors 3,031 31,722
1,087,537 911,813

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts - 1,083
Trade creditors 35,036 29,054
Amounts owed to group undertakings 4,991 2,931
Taxation and social security 299,652 154,079
Other creditors 49,785 39,310
389,464 226,457

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
100 Ordinary £1 100 100

8. ULTIMATE CONTROLLING PARTY

Vardens Holdings Limited is the ultimate controlling party by virtue of their shareholding.