IRIS Accounts Production v25.1.4.42 01135951 Board of Directors 1.1.24 31.12.24 31.12.24 15.7.25 false true false false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh011359512023-12-31011359512024-12-31011359512024-01-012024-12-31011359512022-12-31011359512023-01-012023-12-31011359512023-12-3101135951ns15:EnglandWales2024-01-012024-12-3101135951ns14:PoundSterling2024-01-012024-12-3101135951ns10:Director12024-01-012024-12-3101135951ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3101135951ns10:SmallEntities2024-01-012024-12-3101135951ns10:Audited2024-01-012024-12-3101135951ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3101135951ns10:FullAccounts2024-01-012024-12-310113595112024-01-012024-12-310113595112024-01-012024-12-3101135951ns10:Director22024-01-012024-12-3101135951ns10:CompanySecretary12024-01-012024-12-3101135951ns10:RegisteredOffice2024-01-012024-12-3101135951ns5:CurrentFinancialInstruments2024-12-3101135951ns5:CurrentFinancialInstruments2023-12-3101135951ns5:ShareCapital2024-12-3101135951ns5:ShareCapital2023-12-3101135951ns5:RetainedEarningsAccumulatedLosses2024-12-3101135951ns5:RetainedEarningsAccumulatedLosses2023-12-3101135951ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3101135951ns5:PatentsTrademarksLicencesConcessionsSimilar2024-01-012024-12-3101135951ns5:IntangibleAssetsOtherThanGoodwill2023-12-3101135951ns5:IntangibleAssetsOtherThanGoodwill2024-12-3101135951ns5:IntangibleAssetsOtherThanGoodwill2023-12-3101135951ns5:PlantMachinery2023-12-3101135951ns5:PlantMachinery2024-01-012024-12-3101135951ns5:PlantMachinery2024-12-3101135951ns5:PlantMachinery2023-12-3101135951ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3101135951ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 01135951 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

VEITCH TRADING LIMITED

PREVIOUSLY KNOWN AS
PLAYSAFE SYSTEMS LIMITED

VEITCH TRADING LIMITED (REGISTERED NUMBER: 01135951)
PREVIOUSLY KNOWN AS PLAYSAFE SYSTEMS LIMITED






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


VEITCH TRADING LIMITED
PREVIOUSLY KNOWN AS PLAYSAFE SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: C R Veitch
N J Veitch





SECRETARY: C R Veitch





REGISTERED OFFICE: Units 2-4
Travellers Close
North Mymms
Hatfield
Hertfordshire
AL9 7JL





REGISTERED NUMBER: 01135951 (England and Wales)





AUDITORS: William Evans & Partners
20 Harcourt Street
London
W1H 4HG

VEITCH TRADING LIMITED (REGISTERED NUMBER: 01135951)
PREVIOUSLY KNOWN AS PLAYSAFE SYSTEMS LIMITED

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 8,000
Tangible assets 5 - 10,039
- 18,039

CURRENT ASSETS
Stocks - 391,278
Debtors 6 890,683 365,802
Cash at bank 47,332 256,780
938,015 1,013,860
CREDITORS
Amounts falling due within one year 7 (412,228 ) (874,653 )
NET CURRENT ASSETS 525,787 139,207
TOTAL ASSETS LESS CURRENT
LIABILITIES

525,787

157,246

PROVISIONS FOR LIABILITIES - (25,000 )
NET ASSETS 525,787 132,246

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 525,687 132,146
SHAREHOLDERS' FUNDS 525,787 132,246

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 15 July 2025 and were signed on its behalf by:





N J Veitch - Director


VEITCH TRADING LIMITED (REGISTERED NUMBER: 01135951)
PREVIOUSLY KNOWN AS PLAYSAFE SYSTEMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Veitch Trading 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 consists of the value of sales deliveries and service work performed in the year, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation has been provided so as to reduce assets to their net realisable value by equal annual instalments. The rates used are 25% for computer equipment and 20% for plant and machinery and motor vehicles.


Stocks
Stocks are valued at the lower of cost or net realisable value. Cost is defined as the actual cost of purchase of stocks on a first in, first out basis, excluding overheads and transport.Provision is made for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates defined contribution pension schemes which are open to all qualified employees. Contributions are charged to profit as and when made. Funds are held by insurance companies and are independent of the company.

Foreign currency
Transactions in foreign currencies have been translated into sterling at average rates. Assets and liabilities of the company at the year end denominated in foreign currencies have been translated at rates ruling at the year end which have been taken as $1.254 = £1 ( 2023: $1.27 = £1 ) for the US Dollar and €1.2047 = £1 ( 2023:€1.15 = £1 ) for the Euro. All profits and losses on translation have been dealt with as part of the gross profit of the company.

Use of assumptions and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable, the results of which form the basis of making judgements about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.

Critical estimates and assumptions are made in particular with regard to establishing depreciation periods for the group and the calculation of irrecoverable debts and provisions for obsolete and slow moving stock.

VEITCH TRADING LIMITED (REGISTERED NUMBER: 01135951)
PREVIOUSLY KNOWN AS PLAYSAFE SYSTEMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024 8,000
Disposals (8,000 )
At 31 December 2024 -
AMORTISATION
Charge for year 667
Eliminated on disposal (667 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 8,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 220,470
Disposals (220,470 )
At 31 December 2024 -
DEPRECIATION
At 1 January 2024 210,431
Charge for year 2,073
Eliminated on disposal (212,504 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 10,039


VEITCH TRADING LIMITED (REGISTERED NUMBER: 01135951)
PREVIOUSLY KNOWN AS PLAYSAFE SYSTEMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 842,859 275,252
Other debtors 47,824 90,550
890,683 365,802

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 191,582 204,139
Taxation and social security 145,347 168,105
Other creditors 75,299 502,409
412,228 874,653

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephen William Evans (Senior Statutory Auditor)
for and on behalf of William Evans & Partners

9. OTHER FINANCIAL COMMITMENTS

At 31st December 2024 the company had commitments under operating leases expiring between 1 and 5 years totalling £182,750 ( 31st December 2023: £488,472).

10. RELATED PARTY DISCLOSURES

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.

11. ULTIMATE CONTROLLING PARTY

The two directors, Mr CR Veitch and Mr NJ Veitch, are the ultimate controlling parties by virtue of their ownership of Veitch Family Holdings Limited, the holding company of Playsafe Systems Limited.