REGISTERED NUMBER: 03481422 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

VETRO TOOLING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D J C Lithauer

Ms H L Lithauer

D J Brewer

A J Lithauer

REGISTERED OFFICE:

Unit 10 Westmayne Industrial Park

Bramston Way

Laindon

Basildon

Essex

SS15 6TP

REGISTERED NUMBER:

03481422 (England and Wales)

ACCOUNTANTS:

Connah Goldsworthy

Chartered Certified Accountants

12 Station Court

Station Approach

Wickford

Essex

SS11 7AT

FIXED ASSETS

Tangible assets

4

221,083

277,262

CURRENT ASSETS

Stocks

475,045

660,120

Debtors

5

262,037

292,336

Cash at bank and in hand

43,894

80,396

780,976

1,032,852

CREDITORS

Amounts falling due within one year

6

444,924

695,157

NET CURRENT ASSETS

336,052

337,695

TOTAL ASSETS LESS CURRENT LIABILITIES

557,135

614,957

CREDITORS

Amounts falling due after more than one year

7

63,605

117,216

NET ASSETS

493,530

497,741

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

493,430

497,641

SHAREHOLDERS' FUNDS

493,530

497,741

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 10 September 2025 and were signed on its behalf by:

D J C Lithauer - Director

1.	STATUTORY INFORMATION

Vetro Tooling 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, 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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

251,631

47,000

265,070

16,682

580,383

Additions

-

-

55,390

-

55,390

Disposals

-

-

(57,274

)

-

(57,274

)

At 31 December 2024

251,631

47,000

263,186

16,682

578,499

DEPRECIATION

At 1 January 2024

180,146

20,985

86,364

15,626

303,121

Charge for year

10,722

3,952

65,797

210

80,681

Eliminated on disposal

-

-

(26,386

)

-

(26,386

)

At 31 December 2024

190,868

24,937

125,775

15,836

357,416

NET BOOK VALUE

At 31 December 2024

60,763

22,063

137,411

846

221,083

At 31 December 2023

71,485

26,015

178,706

1,056

277,262

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

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

38,500

32,332

253,884

324,716

Additions

-

-

34,460

34,460

Disposals

-

-

(57,274

)

(57,274

)

At 31 December 2024

38,500

32,332

231,070

301,902

DEPRECIATION

At 1 January 2024

35,771

15,698

140,193

191,662

Charge for year

3,547

-

(12,120

)

(8,573

)

Eliminated on disposal

-

-

(26,386

)

(26,386

)

Transfer to ownership

(20,915

)

-

-

(20,915

)

At 31 December 2024

18,403

15,698

101,687

135,788

NET BOOK VALUE

At 31 December 2024

20,097

16,634

129,383

166,114

At 31 December 2023

2,729

16,634

113,691

133,054

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

258,893

242,658

Other debtors

3,144

49,678

262,037

292,336

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

14,167

271,516

Hire purchase contracts (see note 8)

71,166

62,892

Trade creditors

252,285

281,703

Taxation and social security

85,949

60,039

Other creditors

21,357

19,007

444,924

695,157

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts (see note 8)

63,605

117,216

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.12.24

31.12.23

£

£

Gross obligations repayable:

Within one year

77,218

69,684

Between one and five years

70,659

136,993

147,877

206,677

Finance charges repayable:

Within one year

6,052

6,792

Between one and five years

7,054

19,777

13,106

26,569

Net obligations repayable:

Within one year

71,166

62,892

Between one and five years

63,605

117,216

134,771

180,108

9.	ULTIMATE CONTROLLING PARTY

The controlling party is D J C Lithauer.

The ultimate controlling party is D J C Lithauer.